Who is a Trust Fund Kid

By Adunni OmoAlate

A trust fund kid typically refers to someone who comes from a family that has set up a trust fund for their financial security. Think Temi Otedola, think Halima Dangote, think Davido (yes, Davido asides being a musician is a trust fund kid), think Oge Elumelu.

What being a trust fund kid is that they have inherited or are on their way to receiving a significant amount of wealth or assets, which can shape their lifestyle and opportunities.

While each trust fund kid is unique, with the amount and value of their inheritance completely different one from the other depending on the wealth and assets of their parents, there are certain qualities and characteristics that can be commonly associated with trust fund kids.

1. Financial Security: Trust fund kids often enjoy a high level of financial security. They don’t typically have to worry about financial instability or meeting their basic needs. This financial cushion can allow them to pursue their interests and passions without the constraints that come with financial stress.

2. Privileged Background: Growing up in an affluent family, trust fund kids often have access to a range of opportunities that others may not. They may attend prestigious schools, travel frequently, and engage in various experiences that contribute to their personal growth. This privilege can shape their worldview and influences the way they navigate life.

3. Asset and Wealth Inheritance: Trust fund kids benefit from inheriting assets and wealth, which can include real estate, stocks, businesses, or other lucrative investments. This inheritance can provide them with a substantial head start in life, allowing them to live comfortably and pursue their goals without the immediate need to work for a living.

4. Freedom from Financial Obligations: Trust fund kids often don’t have to worry about the financial obligations that others may face, such as student loans, rent, mortgage payments, or utility bills. This freedom from financial burdens can give them the flexibility to explore different career paths, take risks, or even engage in philanthropic endeavors.

5. Family Connections and Networks: Trust fund kids may benefit from their family’s extensive network and connections. These connections can provide them with influential contacts and opportunities for personal and professional growth. They may have doors open to them simply because of the social circles they are a part of.

6. Educational Opportunities: Trust fund kids often have access to top-tier education, which can help broaden their perspectives and open doors to various career paths. They can pursue higher education without the same financial constraints that many others face, allowing them to make choices based on their passions and interests rather than financial considerations.

7. Lifestyle Choices: Trust fund kids may have the freedom to make lifestyle choices that align with their preferences and values. They can choose to indulge in luxury, travel extensively, or explore different hobbies and interests without being limited by financial constraints. However, it is important to note that not all trust fund kids necessarily prioritize materialistic pursuits and may instead choose to live more modestly.

It is essential to remember that being a trust fund kid does not define a person’s character or achievements.

While they may have certain advantages, it is ultimately up to the individual to make the most of their privileges and contribute positively to society. With these advantages come responsibilities, and many trust fund kids are aware of this and strive to use their resources in meaningful ways, either through philanthropy or making a positive impact in their communities.

The sad contrast however is how children from struggling or average families tend to mimic the lifestyles of these trust fund kids forgetting it will take them entire lifetimes of complete financial turnaround or a major generational shift before a child from an average family can crawl their way through generational barriers to get themselves into numbing wealth that will bring them into same league with those whose families have consistently amassed wealth one generation after the other and even at that they may still be shocked to discover there is still a class segregation between these two category of humans, else there would be no such thing as “old money” and “new money”, LOL.