AI And Crypto Wealth Lowers Average Age of Private Jet Owners, Flexjet CEO Says

Flexjet CEO Andrew Collins said wealth generated by artificial intelligence and cryptocurrencies is contributing to a younger generation of private aircraft owners, with the company’s average client age falling by about 10 years and some owners in their 20s. According to Foresight News, the Financial Times reported that Collins attributed the shift to changing sources of new wealth. Collins said the number of ultra-high-net-worth individuals has risen by nearly one-third over the past two years, with emerging wealth coming mainly from strong capital markets and technology sectors including AI and crypto.