“Women now control $20 trillion in consumer spending worldwide, and women’s global incomes have been estimated to grow by $5 trillion over the next five years (nearly twice the growth in GDP expected from China and India combined), making affluent women one of the most influential groups in the luxury marketplace today.”

In fact, the Federal Reserve Board predicts that by 2030, approximately two-thirds of the wealth in the United States will be controlled by women. What’s interesting is that the bulk of these women will be between the ages of 55 and 65. This applies to Chinese women as well — there are 2,700 Chinese women worth more than $30 million, of which 39% are under the age of 40, according to Inman.