This billionaire is capping his kids’ inheritance at 8 figures—like Bill Gates, he thinks generational wealth is bad for society
Dylan Taylor, a billionaire and founder of Voyager Technologies, has decided to limit his children's inheritance to eight figures, believing that generational wealth is not beneficial for society. He emphasizes the importance of his children building their own success rather than relying on inherited wealth. Taylor plans to donate the remainder of his fortune to philanthropic causes, reflecting a growing trend among wealthy individuals to prioritize charitable giving over passing down large fortunes.
- ▪Dylan Taylor became a billionaire at 53 after taking his company public.
- ▪He has capped his children's inheritance at eight figures, similar to Bill Gates' approach.
- ▪Taylor believes that generational wealth transfer is not good for society or for his children.
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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’t expect his two children to inherit all of it.“I’m not a huge believer in generational wealth transfer,” the founder and philanthropist tells Fortune. “I don’t think that’s good for the kids. And I don’t think it’s good for society, frankly.”It’s why, like Microsoft cofounder Bill Gates, Taylor has put a hard cap on what his kids will one day receive; “It’s a lot, but it’s eight figures, not nine,” Taylor responds, when asked exactly how much his children can expect to inherit.Recommended Video When you’re worth as much as Taylor, there’s only so much you can spend in one lifetime.
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