Captains of business, finance, and education make a lot of important decisions and use money to influence the political process through lobbying and litigation. As corporations grow in power, gaining more rights and representation, so does this channel of political influence, which is controlled almost exclusively by an older cohort.
The article calls this out in detail: casino interests played a huge role in destroying Sydney's nightlife in order to funnel drinkers to the casino bars that were exempt from shutdown laws.
Notable exceptions would be Mark Zuckerberg, Jack Dorsey, Evan Spiegel. But they are just that: exceptions. And I wouldn't exactly consider any of them role models or champions for a younger generation.