Having rich and well known parents accompanies its advantages not the slightest of which is a sizable legacy. Be that as it may, a few VIPs aren't hoping to pass on their wealth to their children. Some are rather hoping to give their wealth to the less privileged while some simply need their children to harsh it out. Here are a portion of the wealthiest big names who won't ruin their children and what they said concerning leaving money for their kids.
1.Mark Zuckerberg: Mark along with his wife,Priscilla Chan are looking to give out 99 percent of their shares out for charity,so maybe the one percent will be for their daughter,Max.
2.Elton John:"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," the music icon said. "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, some respect for work."He and his husband have a sum of $550 million together.
3.Sting:has a net worth of $300 million and he said "I told them there won't be much money left because we are spending it," he said, citing previous commitments for his fortune. While Sting said he would help his children out if they were in trouble, he doesn't believe that will be necessary. "They have the work ethic that makes them want to succeed on their own merit," he said.
4.Bill Gates:Richest man alive,Bill Gates is also on the list and this is what he said "Our kids will receive a great education and some money, so they are never going to be poorly off, but they'll go out and have their own career," he said. "It's not a favor to kids to have them have huge sums of wealth. It distorts anything they might do, creating their own path."
5.Warren Buffett:Has a worth of over $65 billion and in his words "My family won't receive huge amounts of my net worth. That doesn't mean they'll get nothing. "My children have already received some money from me and Susie and will receive more. I still believe in the philosophy … that a very rich person should leave his kids enough to do anything but not enough to do nothing."
6.Simon Cowell:Is one of the X-factor judges and also a judge at the America's Got Talent show and he also said "I'm going to leave my money to somebody. A charity, probably kids and dogs," he told Esquire magazine in 2013. "I don't believe in passing on from one generation to another. 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, taught them what you know."
7.Nigella Lawson:who inherited her money from her family does not intend to go on with the culture and in her words "I am determined that my children should have no financial security. It ruins people not having to earn money," she said to My Weekly magazine. "I argue with my husband Charles, because he believes that you should be able to leave money to your children. I think we'll have to agree to disagree."
8.Jackie Chan:who has a net worth of $350 million, is planning to give majority of his money to charity instead of his son, Jaycee. The actor is a UNICEF Goodwill Ambassador, campaigns against animal abuse and is the founder of the the Jackie Chan Charitable Foundation, which offers free education to Hong Kong youth.
9.Gene Simmons:who has a worth of $300 million naira and in his words "What I wanna do is what every bird does in its nest—it forces the kids to go out there and figure it out for themselves. 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."
10.George Lucas:one of the richest directors in Hollywood with over $5 billion has also decided his four kids will have to work their way out,here's what he said "I am dedicating the majority of my wealth to improving education," the Star Wars creator wrote in his pledge letter in 2010. "It is the key to the survival of the human race."
11.Andrew Lloyd Webber:All of this $1 billion asset will not be going the way of any of his five kids and he said "They aren't bothered. They don't think that way. It is about having a work ethic—I don't believe in inherited money at all". "I am not in favor of children suddenly finding a lot of money coming their way, because then they have no incentive to work." Webber said that the majority of his money will go to social programs helping struggling singers and composers.
12.Ted Turner:With $2 billion,Ted does not intend to give any of it to any of his five kids and he said why "At the time of my death, virtually all my wealth will have gone to charity," Turner wrote in his Giving Pledge letter. "I'm particularly thankful for my father's advice to set goals so high that they can't possibly be achieved during a lifetime and to give help where help is needed most. That inspiration keeps me energized and eager to keep working hard every day on giving back and making the world a better place for generations to come."
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