Like Bill Gates, this founder is cutting his kids inheritance to 8 figures because he’d rather give more to philanthropy than his great-grandkids

Dylan Taylor made his first million at 27. Last year, he took his space-holding company, Voyager Technologies, public on the New York Stock Exchange, making many more millions. 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.

When you’re worth as much as Taylor, there’s only so much you can spend in one lifetime. Eventually, the conversation turns to what happens to the rest.

“At some point, once you have a couple hundred million dollars, you can’t really spend what you have,” Taylor explains. “So it then becomes, how much do you want to give to your kids?” 

His answer: enough for a safety net, but not enough to remove the need to build something of their own. 

So far, it seems to be w...