You’re underestimating the sheer entitlement produced by executive wealth.
I’m watching this exact scenario play out. My stepfather spent decades treating his kids to an bottomless piggy bank for business ventures and personal debts. Now that he’s retired and married to my mother, he stopped funding the circus. His Ivy-league educated adult offspring immediately cut all contact until he pays up. When a relationship is built purely as a financial transaction, turning off the money means turning off the relationship.