They say the rich keep getting richer.
This is normally because people with money tend to hand their fortunes down to their
kids and grandchildren and so forth.
A hefty inheritance is a given in the world
of the rich and famous.
However, thanks to Warren Buffet and few other pioneers like Conrad Hilton, there are more
and more rich and famous people who just refuse to leave their money to their children.
This new trend will probably leave a few bitter socialites behind, but hey, they can always
be social media famous.
We don’t want your trust fund, just hit that subscribe button, ring that notification
bell, and let’s get into it!
Michael Bloomberg
Michael Bloomberg has a mass fortune and not only because he is the former Mayor of New
York.
He’s worth $4.7 billion and was 8th on Forbes richest list of 2017.
A few years back, he signed Warren Buffet's giving pledge.
It states that the money that he isn't giving to his children will go towards creating a
better world for them and their children.
No doubt his money is going towards a good cause and of course, it probably sucks for
them that they are not going to see a dime of that money.
But was it ever really theirs to begin with?
Mila Kunis & Ashton Kutcher
Mila Kunis and Ashton Kutcher made headlines in late 2017 when they announced that they
would not be getting their two kids Christmas gifts.
They said the point of this was to not raise children that are "œa**holes".
Mila hasn't officially announced that they will not be leaving their kids any money,
but one can already see it coming.
During an interview on the Kyle and Jackie O Show, Kunis said they were "teaching them
from a very early age that, you know, Mommy and Daddy may have a dollar, but you're poor".
She states that she and Kutcher both grew up pretty down low and nothing was handed
to them.
She just wants her children to appreciate everything that they get.
Sean Connery
Sean Connery is one of those celebrities that stays pretty hush-hush about his personal
life.
But if there’s one thing he has mentioned a time or two, it's what he plans on doing
with his wealth.
In 2008, he announced that he had told his son he wouldn't be getting an inheritance.
In fact, he wouldn't be getting any of his money once he passes.
According to Connery's ex-wife, this has caused a strain in the relationship between father
and son.
His son also works in the industry but at one point was so poor he was relying on handouts
from his more successful actor friends.
Sting
Sting grew up pretty impoverished and he made his own fortune in life through his amazing
music.
He now has 6 kids and he refuses to give them a penny of his hard earned money.
Luckily for them, they’re all pretty successful in their own right: some are in the film industry,
some in music, and some just have regular jobs.
Sting admits that he’s not leaving them money to both help and hinder them.
He said, "I certainly don't want to leave them trust funds that are albatrosses round
their necks.
They have to work.
All my kids know that, and they rarely ask me for anything, which I really respect and
appreciate.”
Sting also joked that there may not be much money left, because in addition to spending
it all, he’s got more than 100 people on his payroll.
Jackie Chan
Jackie Chan has no doubt that his children will be able to amass their own wealth, which
is why he’s not leaving them a cent of his own money.
Instead, he’ll be leaving it to the Jackie Chan Charitable Foundation that he founded
in 1988.
When asked why he wasn't leaving his money to his two children, Chan replied, "They can
make their own money."
If they’re capable that is.
No one wants to believe that their child isn't capable of something, so he has all the faith
in the world.
He has already pledged to donate half of his wealth to the charity that helps the needy
in Hong Kong.
Elton John
Elton John is one of the biggest musicians in the world.
He’s made a lot of money and there’s no doubt that he’ll remain a huge star until
the day he dies.
So why wouldn't he share the wealth with his two gorgeous babies?
John told the Mirror, "Of course I want to leave my boys in a very sound financial state,
but it's terrible to give kids a silver spoon.
It ruins their life.
Listen, the boys live the most incredible lives, they're not normal kids, and I'm not
pretending they are.
But you have to have some semblance of normality, some respect for money, and some respect for
work".
It looks like that estimated $400 million may go to some kind of charity, because it
sure ain't going to the boys.
Gloria Vanderbilt
Gloria Vanderbilt is an icon, an icon with A LOT of moolah that her son Anderson Cooper
will not be inheriting.
During an interview with Howard Stern, Cooper said, "My mom's made clear to me that there's
no trust fund.".
He isn't too hurt over it though: Cooper has a great career and his own show on CNN.
He’s made plenty of money and doesn't really need to rely on mama Vanderbilt's inheritance.
Vanderbilt may have a stigma about inheritances because after her grandfather passed in 1925,
her father squandered $7 million dollars on god knows what.
Thank god her grandfather left her $5 million in a trust, which she then turned into $200
million with hard work on her design empire.
Gene Simmons
It's not like Rocker Gene Simmons' kids Sophie and Nick need his money anyway, but they wouldn't
be getting it regardless.
Simmons told CNBC “In terms of an inheritance and stuff, they're gonna be taken care of,
but they will never be rich off my money.
Because every year they should be forced to get up out of bed and go out and work and
make their own way".
Sophie is making a name for herself in the modelling world, and brother Nick is pursuing
an education in California.
So even though they will get a small percentage of Gene’s money, they seem to be setting
themselves up for comfortable lives of their own.
Mark Zuckerberg
Facebook creator Mark Zuckerberg is now a daddy two times over.
But this hasn't swayed his decision on what he plans on doing with his wealth.
Upon him and his wife's passing, 99 percent of his Facebook shares—about a $45 billion
fortune—will go to the Zuckerberg Foundation.
This pledge was made in an open letter to their daughter upon her birth.
It stated, "our hopes for your generation focus on two ideas: advancing human potential
and promoting equality".
So essentially, their money is going to be able to help people who have brilliant minds
further develop our world.
Nigella Lawson
Nigella Lawson came from a pretty well off family, and on top of that she made her own
money in the food business.
She’s now one of the more popular chefs of our time.
Even though she inherited money, she has no intentions of passing that tradition down
to her children with advertising mogul Charles Saatchi.
The celebrity chef is worth $15 million—and that's only her portion: the kids’ father
is also worth millions.
However, the now ex-couple do not share the same sentiment.
In fact, they had a few fights over it but Lawson said she wants her kids "To know that
I am working and that you have to work too in order to earn money".
Simon Cowell
Simon Cowell has only been a father for a few short years and before he entered into
fatherhood he had made the decision to give his money away when he passed on.
Maybe in a few more years, this decision will change, but it looks like as of now he’s
still planning on giving his money away as opposed to leaving it all to his son.
Cowell said he just "doesn’t believe in passing on wealth."
He said, "Your legacy has to be that hopefully, you gave enough people an opportunity so that
they could do well, and you gave them your time, and taught them what you know".
He said he will give his son a start but he won't leave him with anything that he hasn't
worked for.
George Lucas
George Lucas is $4.9 billion richer because of his decision to sell his Star Wars franchise
to Disney back in 2012.
However, he didn't pocket that money.
In fact, before he even received the money, he stated that it would be donated towards
improving education.
He is the chairman of Edutopia, so he could give that money to them, or start a brand
new education charity.
Either way, Lucas isn't a greedy man and had no intentions of keeping that cash to himself.
Lucas has 4 kids but none of them will want for anything: he and his wife Melody Hobson
are both quite successful.
So, giving away those Disney dollars is no sweat of either of their backs.
Pierre Omidyar
The name may not sound familiar to you.
But, you’ve certainly used his service at least once or at least heard of it.
Omidyar is the founder of eBay.
He is $7.6 billion rich, and he
plans on giving away a majority of his wealth in his lifetime.
He and his wife have 3 children who will only benefit from that money as they grow up.
But once they reach adulthood they will have to fend for themselves.
Omidyar admitted that he has way more money than he and his family will ever need.
So there is just no point in holding onto it.
He wants to share his wealth and help out those who can't help themselves.
He is also attached to the giving pledge.
Warren Buffet is basically trying to help rich people give away their money.
Bill Gates
Bill Gates is one of the richest men in the world.
He has enough money to never have to work again.
His kids won't have to work, and his grandchildren won't have to work.
Well, that's if he was leaving his hard-earned dollars to them.
Gates and his wife Melinda have decided to leave their $78.6 billion fortune to their
charity.
He simply believes that leaving all that unearned money to his children would be a detriment
to them.
And Gates admitted to taking a page out of Warren Buffet's books.
The Bill & Melinda Gates Foundation will be set for a long time indeed once Bill and Melinda
Gates shuffle off this mortal coil.
Gordon Ramsay
Gordon Ramsay is worth over $140 million, which comes as no surprise to any of his fans.
He has a number of television shows and not all of them focus on his cooking skills.
Ramsay's shows are spread across at least 4 networks: Channel 4, Fox, Cooking Network,
and NBC—and every last one of them has high ratings.
With all that money one would assume that his 4 kids would be set for life.
Wrong!
The chef has said that he has no intentions of leaving his vast fortune to his kids, as
he fears it would "ruin them".
Ramsay doesn't want to spoil his kids at all.
He even admitted to not allowing the kids to sit in first class with him and wife Tana.
However, it doesn't look like his kids will need his money—well, at least not Matilda.
Like her father, she has her own cooking show.
Have we missed any fortunes you think we should know about?
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