I found an interesting thread on Quora the other day asking “What’s it like to come from a billion dollar family?“. Along with some fascinating insights from people coming from billion dollar families, somebody recommended watching the documentary Born Rich. The movie is made by Jamie Johnson, an heir to the massive Johnson & Johnson wealth. The documentary has him interviewing his dad and his other wealthy friends with last names like Bloomberg, Trump, and many more with the insane amount of money being earned in either the previous generation or many, many generations ago.
Each person has an interesting insight and opinion of the wealth. Some enjoy it frugally (and seem to be shopping addicts) while others feel embarrassed or lonely as a result. There are plenty that have turned to drugs and alcohol but most could blend in on the subway or at an amusement park without anybody else knowing that some day they will inherit or have already inherited millions of dollars or more.
The documentary does a good job of telling the opinions of the various people as young adults and what they expect to do for the rest of their lives without steering them or feeling anything like a PR stunt. Some give off a tone of “feel bad for us” with our family problems and friends who want to use us. I didn’t feel bad for them that they were rich but I did come to see them as still human. As Warren Buffet has said “Give your children enough to do something but not enough to do nothing.” Many of these kids were looking for what to do with their lives because they have enough to do nothing.