The Rich Kids Who Want to Tear Down Capitalism

Mil­len­ni­als will be the recip­i­ents of the largest gen­er­a­tional shift of assets in Amer­i­can his­to­ry — the Great Wealth Trans­fer, as finance types call it. Tens of tril­lions of dol­lars are expect­ed to pass between gen­er­a­tions in just the next decade.

And that mon­ey, like all wealth in the Unit­ed States, is extreme­ly con­cen­trat­ed in the upper brack­ets. Mr. Jacobs, whose grand­fa­ther was a founder of Qual­comm, expects to receive up to $100 mil­lion over the course of his lifetime.

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