Celebrity Estates

Celebrity Estates Replay: Julia Fox and Why Millennials Focus Less on Material Wealth

In this replay of an earlier episode, David Lenok and Kelley Wolfington discuss the values-driven spending habits of younger generations.

Earlier this year, Uncut Gems star Julia Fox went viral for posting a TikTok video showcasing her home, which was modest compared to the extravagant wealth you expect from someone wealthy and famous. Today, many millennials are shifting away from buying luxury homes.

In this episode, David Lenok speaks with Kelley Wolfington, Senior Wealth Strategist at SEI Private Wealth Management, on why the housing trend for high-net-worth individuals is shifting and how it reflects the current values passed on to the next generation.

Kelley discusses:

  • Why the current generation believes in a values-driven spending;
  • How wealthy millennials are choosing their financial advisors;
  • Why the location of a house matters more in a remote work environment;
  • The expectations for future generations to do something significant beyond spending inherited money;
  • And more
@juliafox

Come with me on a very underwhelming apartment tour! also to clarify I have only ONE mouse and he’s cute 

♬ original sound - Julia fox

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About Our Guest:

Kelley Wolfington provides holistic advice in the areas of trust and estate planning, wealth transfer, philanthropy, succession planning, tax planning and family communications strategies for ultra-high net worth and high net worth individuals and families. Her responsibilities include collaborating with internal and external colleagues and partners to craft and deliver such advice as well as develop strategies, techniques, tools and materials related to these advisory areas. She helps facilitate a perpetual process to improve her clients’ condition by working with them to navigate goals, values and visions for themselves, their families and their communities.

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