Core Viewpoint - The article discusses the growing trend among wealthy young heirs to redistribute their wealth through philanthropy, driven by feelings of guilt and responsibility associated with their inherited fortunes [1][2]. Group 1: Wealth Transfer and Philanthropy - The "wealth transfer" phenomenon is expected to result in $84 trillion being passed from older generations to younger generations by 2045, prompting discussions on how to allocate this wealth responsibly [1][3]. - Organizations like Resource Generation are facilitating this shift by encouraging young wealthy individuals to use their resources for social equity and justice [1][2]. Group 2: Role of Wealth Mentors - Wealth mentors, such as Iris Brilient and Joe Loom, provide emotional and financial guidance to high-net-worth individuals, helping them navigate the complexities of their wealth and the associated guilt [2][3]. - These mentors often work with clients who are progressive, younger, and from marginalized communities, reflecting a desire to consider the welfare of others in their wealth distribution decisions [2][3]. Group 3: Generational Differences in Wealth Attitudes - Younger generations, particularly Gen Z, exhibit higher anxiety regarding wealth inheritance due to increased awareness of wealth inequality through social media [3][4]. - There is a notable contrast in attitudes towards wealth between older and younger generations, with younger clients often feeling pressured to quickly dispose of their wealth, while older clients may struggle to let go [3]. Group 4: Impact of Current Events on Wealth Redistribution - Events such as political changes and global crises have led to increased inquiries from wealthy individuals seeking guidance on wealth distribution, indicating a correlation between societal issues and philanthropic intentions [3][4]. - The actions of billionaires like Bill Gates, who pledged $200 billion to charity, highlight a shift in some wealthy individuals' approach to wealth, although many still retain significant wealth without contributing to social causes [3][4].