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The Wall Street Journal's Juliet Chung spent several days inside R360’s Rising Leaders retreat in Austin.
At a time when trillions of dollars are moving from one generation to the next, the question facing many families is not how to create wealth.
It's how to prepare the people who will inherit it.
• How do you find purpose when you don't need to work?
• How do you build something of your own when the shadow is large?
• How do you carry forward what your family created and make it last?
These are not financial questions. They are human questions.
For three days, a group of next-generation leaders came together to wrestle with issues of purpose, stewardship, identity, entrepreneurship, responsibility, and legacy. The conversations were candid, thoughtful, and deeply relevant to a generation that will inherit unprecedented opportunity and responsibility.
The future of family wealth will be determined not by markets, investment returns, or estate plans alone. It will be determined by the character, judgment, and purpose of the next generation.