Back From The Dead And Broke? Not For The Wealthy — 5,500 Betting On Cryonics: Ensuring Wealth Beyond The Grave

Imagine waking up after being frozen for decades, only to discover you’re broke. That’s a nightmare nobody wants, especially the rich. Making sure their wealth lasts is easier than reversing death, though. 

Cryonics, or freezing the body after death in hopes of future revival, is attracting serious attention. According to Bloomberg Law, estate lawyers are developing "revival trusts" to keep wealth intact for those who opt for cryopreservation.

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Once considered a crazy idea, it is now somewhat trendy. Alcor Life Extension Foundation, one of the largest cryonics facilities, has about 5,500 people planning to be frozen, and some estate lawyers have already helped hundreds of people set up revival trusts to preserve their wealth until they can be revived.

Revival trusts are based on some big assumptions but are taken seriously enough to be discussed at industry conferences. These trusts differ from dynasty trusts because they aim to benefit the revived person. Across the country, the laws are already changing to allow trusts to last for centuries, with some states like Florida permitting trusts to continue for up to 1,000 years.

Despite uncertainties, the quest for immortality through cryonics is gaining traction. According to Business Insider, tech billionaires like Peter Thiel, Sam Altman, and Jeff Bezos invest heavily in anti-aging and cryonics research. 

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Thiel plans to be cryogenically preserved, viewing it as an ideological statement. He believes humanity should "either conquer death or at least figure out why it’s impossible."

Altman has invested $180 million in Retro Biosciences, a startup that aims to extend healthy human life spans. Bezos has invested in Altos Labs, a startup that is developing therapies to stop or reverse aging. 

The quest to cheat death is becoming more mainstream. Take Bryan Johnson, a tech executive known for his ambitious anti-aging efforts. Johnson reportedly spends $2 million a year on his anti-aging regimen. This includes taking 111 pills daily, eating all his food within a strict time frame between 6 a.m. and 11 a.m., and employing a light therapy mask. At one point, he even received blood plasma infusions from his teenage son, although he stopped this practice due to a lack of evidence supporting its benefits.

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HBO’s docuseries How To with John Wilson explored cryopreservation in its final episode, offering a glimpse into this strange and futuristic world. The show stressed that it’s not just the wealthy interested in cryonics; many regular people are drawn to the idea, dreaming of a futuristic world or simply wanting to witness future progress.

Still, cryonics is expensive. Too expensive for the common folk. Alcor, for example, charges $80,000 to freeze a head and $200,000 for a whole body, plus annual dues. Most members pay for this by naming Alcor as their life insurance beneficiary. 

Despite the high costs and uncertainties, people who hope for a second chance at life continue to invest in cryonics and revival trusts.

The pursuit of longevity and reversing aging is often driven by the belief that aging is a disease that science can eventually cure. While the technology to fully overcome aging isn’t available yet, cryonics offers a hopeful bridge to that future. 

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