Instead of investing or saving, these Bay Area millennials are offloading their families’ fortunes, hundreds of thousands of dollars at a time, into radical social justice groups.
Clemmy Brown’s family fortune started with her great-grandfather – the founder of Whirlpool appliances – and grew as his descendants invested and passed down their wealth over generations.
Brown is part of a growing group of young, affluent, predominantly White Bay Area residents embracing wealth redistribution – a radical practice of giving that encourages people to disperse all of their inherited or excess income. The idea is to spread that extra capital among people who don’t have enough, particularly in indigenous communities and communities of color.
SAN FRANCISCO, CA – March 16: Clemmy Brown of San Francisco poses for a portrait in San Francisco, Calif., on March 16, 2022. “There are people who have no homes who literally die on the street every day,” said Poor Magazine founder Lisa Gray-Garcia. “And for that to continue, while people continue to hoard wealth, is violence. We are responsible for our fellow humans and on some level, in some way, everybody should be radically redistributing.”
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