![](\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/05\/GettyImages-2271213154-1-e1779811488801.jpg?w=2048\")
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Dylan Taylor made his first million at 27. Last year, he became a billionaire at 53, after taking his space-holding company, Voyager Technologies, public on the New York Stock Exchange. But don\u2019t expect his two children to inherit all of it.<\/p>\n
\u201cI\u2019m not a huge believer in generational wealth transfer,\u201d the founder and philanthropist tells Fortune<\/em>. \u201cI don\u2019t think that\u2019s good for the kids. And I don\u2019t think it\u2019s good for society, frankly.\u201d<\/p>\n It\u2019s why, like Microsoft cofounder Bill Gates, Taylor has put a hard cap on what his kids will one day receive; \u201cIt\u2019s a lot, but it\u2019s eight figures, not nine,\u201d Taylor responds, when asked exactly how much his children can expect to inherit.<\/p>\n When you\u2019re worth as much as Taylor, there\u2019s only so much you can spend in one lifetime. Eventually, the conversation turns to what happens to the rest.<\/p>\n \u201cAt some point, once you have a couple hundred million dollars, you can\u2019t really spend what you have,\u201d Taylor explains. \u201cSo it then becomes, how much do you want to give to your kids?\u201d\u00a0<\/p>\n His answer: enough for a safety net, but not enough to remove the need to build something of their own.\u00a0<\/p>\n So far, it seems to be working. His children are now old enough to access those resources, but he says they haven\u2019t touched them. \u201cThey want to do things on their own,\u201d Taylor adds. \u201cWhich is exactly what you want. That\u2019s what you hope for.\u201d<\/p>\n And everything above that eight-figure cap\u2014potentially hundreds of millions, if not more\u2014is going to philanthropic causes he cares about, including Space for Humanity, his nonprofit that sends people to space.<\/p>\n The number of billionaires on the planet keeps growing. And Taylor has watched up close (and unimpressed) how his peers approach the question of what to do with money they\u2019ll never spend.\u00a0<\/p>\n \u201cI\u2019ve been in rooms where people are obsessing about deductions and trusts, and how do I get more to my kids,\u201d Taylor says. \u201cIt just doesn\u2019t resonate with me.\u201d<\/p>\n \u201cI don\u2019t obsess over those kinds of deductions,\u201d he adds. \u201cIf you\u2019ve been very fortunate, you should pay your taxes, and you should contribute to society\u2026\u00a0 To me, it\u2019s more like: what are the unmet needs in society, and how do we help?\u201d<\/p>\n Admittedly, if he had \u201can extra dollar\u201d, he says, he\u2019d rather give it to charity than hand it to the government, because he has more confidence it will land where it\u2019s needed. But his philosophy on giving is clear: He\u2019d rather see it help people today than hoard as much wealth as possible for future great-great-great-grandchildren that he\u2019ll never even meet.<\/p>\n \u201cFor it to go into some trust that\u2019s going to go to my fifth generation in the year 2200, I don\u2019t think that\u2019s in the spirit of making the world a better place.\u201d<\/p>\n And he\u2019s far from the only one who feels that way.<\/p>\n Taylor is part of a growing class of ultra-wealthy questioning whether passing down enormous fortunes is really good parenting.\u00a0<\/p>\n Microsoft cofounder Bill Gates has revealed he plans to leave his children less than 1% of his wealth, believing it\u2019s better for them to find their own success than inherit it.\u00a0<\/p>\n After Apple founder Steve Jobs passed away, his widow, Laurene Powell Jobs, said the billions she inherited won\u2019t be passed on to the three children they shared. Jobs, estimated to have been worth approximately $7 billion when he died in 2011, \u201cwasn\u2019t interested\u201d in building legacy wealth, his wife told the New York Times<\/em> in 2020. \u201cIf I live long enough, it ends with me.\u201d\u00a0<\/p>\n Amazon\u2019s Jeff Bezos has also signaled that the vast majority of his wealth will go to charity rather than his four children.<\/p>\n Other wealthy leaders and celebrities alike are enforcing strict rules and restrictions to unlock their wealth, such as requiring their kids\u00a0to earn<\/span> two degrees first.\u00a0<\/p>\n But it\u2019s not just billionaires. Even those with much smaller bank accounts are making the same call and opting not to pass their wealth down to their offspring. Just one in five baby boomers expect to leave an inheritance at all, according to a Northwestern Mutual survey\u2014even though more than half of Gen Zers and nearly 60% of millennials say they\u2019re depending on one to achieve financial security.\u00a0<\/p>\n And it\u2019s not the case that the generation simple hasn\u2019t gotten around to estate planning yet. Actually, 60% already have a will in place\u2014but their children and grandchildren are more likely to find funeral instructions in it than cash or the deed to their family home. That\u2019s because the majority are explicitly planning not to leave anything behind, with only 11% saying it\u2019s their top financial goal.<\/p>\n<\/div>\n #Bill #Gates #billionaire #capping #kids #inheritance #figures<\/p>\n","protected":false},"excerpt":{"rendered":" Dylan Taylor made his first million at 27. Last year, he became a billionaire at 53, after taking his space-holding company, Voyager Technologies, public on the New York Stock Exchange.… <\/p>\n","protected":false},"author":1,"featured_media":4285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1530,6653,307,512,6658,6654,742,2377,2937,1101,1903,2379,4149,6655,4331,2992,4334,27,5587,354,5928,6656,81,6657],"class_list":["post-4284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-bill","tag-bill-gates","tag-billionaire","tag-billionaires","tag-capping","tag-charitable-donations","tag-charity","tag-entrepreneurs","tag-figures","tag-finance","tag-founder","tag-founders","tag-gates","tag-inheritance","tag-jeff-bezos","tag-kids","tag-millionaires","tag-money","tag-philanthropy","tag-space","tag-steve-jobs","tag-voyager","tag-wealth","tag-wealth-management"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/4284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4284"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/4284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/4285"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\nThis billionaire would rather fund philanthropy <\/h2>\n
It\u2019s not just billionaires like Bill Gates and Jeff Bezos\u2014even middle-class boomers aren\u2019t giving all their wealth to their kids<\/h2>\n