Bill Gates to Jackie Chan: Celebrities who say their children won’t be inheriting their fortune

It’s a common belief that when your parents are rich and successful, you are up for a privileged life. And while that may be the case for children across most rich families in the world, there are certain cases of celebrity inheritance where parents say that their wealth will not go to their kids.

Despite an insurmountable net worth, these celebrities are mindful of the huge sums that they have made and know its impact. Hence, in today’s world, they want their children to grow up as any other kid and respect and appreciate the hard work that people put in to make ends meet.

Here are some celebrities whose kids won’t inherit their wealth Bill Gates and Melinda Gates

(Image: Courtesy Bill Gates/ @BillGates/ Twitter; Melinda Gates/ @MelindaFrenchGates/ Twitter)

Microsoft founder Bill Gates was once the richest person in the world and continues to be in the top order.

Despite a net worth of around USD 107 billion, the Gates children are not entitled to any inheritance.

Both of them are devoted to philanthropic work and run the Bill and Melinda Gates Foundation which focuses on the betterment of the human race, helps support educational initiatives and works toward eradicating diseases and poverty.

In a 2018 interview with This Morning, Bill Gates said, “It’s not a favour to kids to have them have huge sums of wealth. It distorts anything they might do, creating their own path.” However, reports suggest, each might receive a modest amount of USD 10 million.

Warren Buffett

(Image: Courtesy Warren Buffett/ Twitter)

The American investor has a net worth of over USD 107 billion but plans on leaving only USD 2 billion for each of his three children, reported the Washington Post in 2014.

Like the Gateses, Buffett also intends to give away his fortune to charity. And as a co-founder of The Giving Pledge, he is committed to donating 99 per cent of his wealth to charity during his lifetime or at the time of his death. In fact, he continues to live in his Omaha (Nebraska) abode, which he purchased in 1958 for USD 31,500.

Elton John

(Image: Courtesy Elton John/ Instagram)

In the list of famous parents who don’t intend on leaving their kids with great sums are music legend and LGBTQ+ icon Elton John and his husband David Furnish.

The music veteran, who has over 30 hit albums to his credit and has even composed the Oscar-winning song “Can You Feel The Love Tonight” from The Lion King (1994), shares two kids with Furnish and feels that they should be brought up in the most ordinary and down-to-earth environment.

The boys, Zachary and Elijah, albeit have a glitzy environment due to their father’s popularity, prefer to stay away from the limelight.

And while John has a reported net worth of nearly USD 500 million, he believes leaving kids with massive amounts is not good and that they should learn to walk on their own feet.

Daniel Craig

(Image: Courtesy Glass Onion/ Photo by John Wilson/Netflix © 2022 – © 2022 Netflix, Inc./ IMDb)

Actor Daniel Craig wishes to get rid of his own money or give it away to charity or some trust funds before his kids inherit it.

Craig has two children — one with his wife Rachel Weisz and the other is a daughter named Ella, with his former wife Fiona Loudon. None of them is expected to get huge amounts as celebrity inheritance. As per reports, Craig pocketed USD 100 million for his role as detective Benoit Blanc in Knives Out and The Glass Onion and USD 25 million for his final portrayal of James Bond in No Time To Die. All of these make up his USD 160 million net worth.

However, as per Insider, Craig told Saga Magazine in 2020, “My philosophy is to get rid of it or give it away before you go.” “I don’t want to leave great sums to the next generation,” he added, believing his kids should build their own success paths.

George Lucas

(Image: Courtesy George Lucas/ Photo by Michael Caulfield – © WireImage.com – WireImage.com/IMDb)

The man behind the epic Star Wars and Indiana Jones film franchises has a net worth of USD 5.2 billion. A major chunk of his earnings came from the sellout of his production house Lucasfilm to Disney in 2012, for a whopping USD 4.1 billion in stock and cash.

But the prolific filmmaker doesn’t believe in passing down his hard-earned money to the next generation as celebrity inheritance. He feels extremely passionate about supporting education and has even founded the George Lucas Educational Foundation to take his cause forward.

And in this bid, Lucas donated the entire amount of the Disney deal to the foundation. He also joined The Giving Pledge in 2010 to be a part of global betterment.

Instead of leaving all his money for his four children, Lucas has pledged it for the upliftment of the human race.

Mark Zuckerberg

(Image: Courtesy Mark Zuckerberg/ Facebook)

Meta founder and CEO Mark Zuckerberg is also one of those celebrity parents who say that their children won’t be inheriting their fortune. Today, Facebook is an unparalleled giant that dominates the social networking segment, making Zuckerberg one of the most successful billionaires with a net worth of over USD 62 billion.

In 2015, the famous parents of two kids announced to give away 99 per cent of their Facebook shares over their lifetime to charity instead of passing it down to the kids.

Jackie Chan

(Image: Courtesy Jackie Chan/ Instagram)

The actor, producer, philanthropist and UN Goodwill Ambassador has a reported net worth of around USD 390 to 400 million.

However, the father of two had long made up his mind that his children won’t get a slice of the million-dollar pie. According to reports, in 2011, Chan declared that his son won’t see any money coming his way as an inheritance.

He announced, “If he is capable, he can make his own money. If he is not, then he will just be wasting my money.”

Ref: Bill Gates to Jackie Chan: Celebrities who say their children won’t be inheriting their fortune (lifestyleasia)