They are famous and rich – very rich! – but they will leave nothing to their children when they die. Philanthropy, giving to the poorest, life lessons, the desire to burn everything before the big goodbye: these 10 celebrities have various (very personal…) reasons for refusing to leave their millions to their children.
Combined estimated net worth: 255 million
Photo archive, AFP
Mila Kunis and Ashton Kutcher
The acting couple does not want to set up a trust for their children. At best, they invest in starting their business if they have a business plan. “In the end we will give our money to charity and various things,” they say. Our kids are living really privileged lives and they don’t even know it. And they’ll never know if they get trust.”
Estimated net worth: 160 million
Photo Productions and Metro-Goldwyn-Mayer Studios Film (Nicola Dove)
Daniel Craig as James Bond
The James Bond interpreter does not want to leave his nest egg to his two daughters. “Isn’t there an old saying that if you die rich, you haven’t made it?” he says. The actor explains that he doesn’t want to leave large sums of money for the next generation, while finding the concept of inheritance “uncomfortable” and having a philosophy of “spend it all or give it all before you leave”.
Estimated net worth: 550 million
File photo, Getty Images (Vittorio Zunino Celotto)
The singer’s twins and her husband David Furnish have to give up an impressive legacy. “It’s terrible to give children silver spoons,” they say. The boys live the most amazing life, they are not normal kids. But you have to have some semblance of normality, some respect for money and for work.”
Estimated net worth: 5.1 billion, according to forbes
File Photo, WENN.com (Dave Starbuck)
Filmmaker George Lucas
The creator of Star Wars is immensely wealthy, but there’s no question that when he dies he’ll leave it all to his four children. Rather, he has already decided to donate the majority of his fortune to charity and philanthropy to plan “our future together.” “I dedicate the majority of my wealth to education,” he explains. It is the key to human survival.”
Estimated net worth: 400 million
File Photo, WENN.com (Dave Starbuck)
Jackie Chan
“If they’re able to do that, they can make their own money,” the actor told Chanel News Asia of his two children.
Estimated net worth: 50 million
File photo, Getty Images (Theo Wargo)
Host and journalist Anderson Cooper
The CNN reporter has confirmed that he will leave no inheritance to his two sons. “I don’t know what’s left,” he said. He explains that he’s not very interested in money and has no intention of having “a pot of gold” for his sons. “I’m going to follow what my parents said: College will be paid for and then you have to move on.”
Estimated net worth: 550 million
Archive photo, Martin Chevalier
Sting concert at the Bell Center
Sting and his wife work hard to spend the vast fortune they’ve amassed. The singer told the Chron that they had warned their six children that there would not be much left in their wallets when they died. “I certainly don’t want to leave them with trust funds hanging around their necks like albatrosses. They have to work, all my kids know that and they rarely ask me anything, which I respect and appreciate very much,” says the singer.
Estimated net worth: 400 million
Photo archive, AFP
Gene Simmons from the band Kiss
The star will ensure her two children are taken care of, but they won’t “get rich on their money.” “Every year they have to be forced to get up, go to work and go their own way,” he explained.
Estimated net worth: 600 million
Photo archive, AFP
Presenter and producer Simon Cowell
The British presenter and producer says he is likely to leave his fortune to charity “for children or dogs”. “I don’t believe in transmission from one generation to the next,” explains the one who has an only son. Your legacy should be that, hopefully, you gave enough people a chance to do well, you gave them your time, and you taught them what you know.
Estimated net worth: 220 million
Photo archive, AFP
Chief Gordon Ramsay
The celebrity chef’s five children can forget the idea of inheriting millions from their rich father. it’s not to spoil them.” The one thing the parents agreed on? pay 25% of the apartment price for their five children.
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