Being a celebrity has its perks, but having a celebrity parent may not be the luckiest thing if the said parent won’t be leaving any fortune for you! Yes, many famous personalities and Hollywood celebrities have decided not to hand over their millions to their offspring.
These high-profile celebrity parents have decided in favor of writing their children out of their wills. And their reason for this is to teach their kids the value of money, hard work, and following their passion. Now, that is a fantastic lesson on conscious parenting. Wondering who these celebrities are? Read along as we take a look at some high-profile celebrity parents who intend to leave no inheritance for their children:
1. Bill Gates
Image Source: Instagram
The first one on our list is the money magnet and former most affluent person on the planet, Bill Gates. Being a passionate philanthropist, Bill Gates is adamant about not sharing his massive wealth with his kids. He has decided to leave just a percent of his billion-dollar fortune to his children. He reiterated that leaving kids with vast sums of money does not favor them. Gates is firm on his pledge that his fortune will go to charity and his foundation will continue working for philanthropic causes.
2. Warren Buffet
Image: Yahoo News
One of the wealthiest in the world, Warren Buffet has pledged to donate 99 percent of his moolah to charity. The genius investment strategist and billionaire philanthropist also has no plans to leave his staggering wealth for his heirs. In an interview with a popular magazine, he stated that with or without inheritance, his kids will carve out their niche in the world and that he is there to support them in their endeavors. But rather than adding his wealth to his kids’ investment portfolio, Buffet explained that his family wouldn’t receive huge amounts of his net worth. He still stands by the philosophy that rich people should leave their kids “enough to do anything but not enough to do nothing”.
3. Daniel Craig
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The James Bond actor Daniel Craig, who plays the much-loved secret agent 007, is father to two children. His wife, actor Rachel Weisz, also has a son. Craig has publicly declared to disinherit his kids. In a recent interview with a popular magazine, this wealthy Hollywood star said that his philosophy is to get rid of his wealth or give it to charity before his death. Craig finds inheritance “distasteful” and won’t leave huge sums of his fortune to the next generation.
4. Nigella Lawson
Image: @nigellalawson/Instagram
This celebrity chef, the daughter of a former conservative chancellor, is also one with the idea that she won’t part with her fortune and let her children enjoy what they haven’t actually earned on their own. She is determined that her children be left with no financial security as it ruins people when they don’t earn their own money. Even after this rich celebrity chef broke up with her ex-husband, she is reported to have stashed a few million dollars in her account. She believes in children earning their money the old-fashioned way.
5. Gordon Ramsay
Image: @gordongram/Instagram
Another celebrity who would not be passing on a significant portion of their wealth is the master roaster and super-talented British celebrity chef Gordon Ramsay. Not mincing his words as he is famously known for, Gordon once told a news agency in 2017 that he doesn’t want to spoil his kids. The couple has agreed to give away a 25 percent deposit on a flat for the kids and not the entire sum. The TV star chef is strict on keeping his children “grounded and motivated”.
6. Simon Cowell
Image: @simoncowell/Instagram
The music producer and X-factor judge Simon Cowell has also joined the bandwagon of celebrities who refuse to let their children inherit a dime of their fortune. This high net worth celeb wishes to leave his money for charity-kids or dogs but not for his son Eric, therefore making it quite apparent that he shouldn’t expect to receive a significant portion of his dad’s wealth.
7. Kevin O’Leary
Image: @kevinolearytv/Instagram
The Shark Tank shark and Canadian businessman who is known to have amassed vast sums of wealth with his ventures has also dismissed the idea of leaving his kids with trust funds. Kevin believes that unless wealthy parents push their children to launch themselves, they will crumble in the real world. He asserted that his kids are aware that once they are done with their formal education, they’ll need to leave their “nest” and fend for themselves.
8. Jackie Chan
Image: @jackiechan/Instagram
Action star Jackie Chan has also decided that he will not pass on his hard-earned money to his child. He plans on donating his immense wealth to charity. The actor believes that if his son is capable, he will earn his own fortune or waste his father’s if he is incapable. Jackie runs his charitable organization Jackie Chan Charitable Foundation, and has confirmed that he won’t leave any money for his son to inherit. So, there is no fortune falling on his son’s lap as per his revelations.
9. Mark Zuckerberg
Image: @zuck /Instagram
In a stride to teach his children the value of money and build a life of their own, the billionaire Facebook founder and CEO Mark Zuckerberg and his wife Dr. Pricilla Chan have given away 99 percent of their wealth in charity. They made this announcement as they welcomed their first baby daughter in 2015. In their prolific philanthropic efforts, the couple started the Chan Zuckerberg Initiative dedicated to promoting equality and the wellbeing of all children around the world.
10. Michael Bloomberg
Image: @mikebloomberg /Instagram
The former three-term New York City mayor and businessman Michael Bloomberg has decided that his children won’t enjoy their dad’s success in inheriting his billion-dollar fortune. He believes that as responsible parents, the best way to support children is to help make a beautiful world for their future. To further the cause, he has instead decided to support philanthropic organizations that will create a better world for them.
While most parents want to give their children the best money can buy, these affluent billionaire celebrities have decided otherwise. So, these money moguls have not allowed their kids to become spoiled and live off their wealth. Quite an impressive and conscious take on bringing up kids to become responsible adults indeed. Did this inspire you? Do share your take on this in the comments section below!
