His father, who died last year, was a businessman and a "failed poet" - "perhaps typical of second-generation wealth".
He was of second-generation wealth, a high-school football coach who had helped run his father's successful label-making company.
DM: And in addition to young versus old, there's first generation versus second generation of wealth.
Welcome to the second generation of wealth owners, the inheritors of a period of industry and sustained economic growth.
Now, he added, "the second generation has this immense wealth, and they might have lived or studied abroad and want to live in a more conspicuous way".
The title of the book, "Generation Wealth," seems at first to be a misnomer: Greenfield's subjects range in age from preschoolers to the octogenarian Miss Kitty, a South Beach night-club denizen of eighty-seven who in the early two-thousands regularly hosted a soirée called Do Your Grandma.
Research shows that in most families, 70% of inherited wealth is lost by the second generation and 90% by the third.
The most public cases of wealth inequality now place the spotlight on the second generation of the rich.
The sweeping "Generation Wealth" exhibition, featuring 195 prints and 42 first-person interviews, goes on view at the Annenberg Space for Photography next month.
His son, Wang Sicong, is one of the fuerdai, the rich second generation, who is also running his own company funded by his parents' wealth.
"The second generation gets education.
