50 multimillionaire Gen Zers went on a two-week Goldman Sachs bootcamp—they learned how to read the news, invest in art, and communicate better

Goldman Sachs just brought together around 50 Gen Zers from ultra-rich families for a deep-dive on investing, wealth management, and leadership. 

Over the course of the two-week wealth bootcamp in July, the multimillionaire 18- to 23-year-olds attended workshops led by senior Goldman Sachs leaders and industry experts in coaching and luxury. 

One morning, the Gen Zers spent nearly an hour learning how to digest Wall Street Journal articles, strengthening their confidence in reading market news and pinpointing what to take away. And in the afternoons, they’d go through a whole host of crash courses; learning the role of an equity trader from one of Goldman’s own managing directors; touring trading floors, where they got a firsthand look at deals and trades; and studying hedge fund basics and ways to create diverse portfolios. 

It was all part of Goldman’s third annual NextGS Investment Intensive Program in New York City. And learning how to understand markets and communicate effectively will come in handy as they step into generational fortunes; much of the Gen Z cohort are kids of the members of Goldman’s private wealth management division, which boasts an average account size of over $90 million, and services clients with fortunes ranging from $10 million to more than $1 billion in assets. 

“A fundamental reason we created this program was to allow the young adult children of our families the opportunity to........

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