We think every star kid is born with a silver spoon or sometimes, even golden ones. Lavish homes, luxury holidays, red-carpet events, and endless opportunities; all seem like a reflex to them. But surprise, surprise, not every star parent is keen to pass down their hard-earned fortune.
Yes, in fact, some of the biggest names in Hollywood have decided not to pass down their fortunes to their kids. These star parents want their kids to make their own path and make their own fortune instead of relying on their parents’ popular last names. Here are 10 famous children who won’t be inheriting their parents’ millions (or billions).
1. George Lucas
Net Worth: ~$5.5 Billion
The creator of ‘Star Wars‘ made a monumental decision after selling Lucasfilm to Disney for over $4 billion and declared not to leave most of it to his children. Lucas has previously talked about how his four children will not see the vast bulk of his wealth. In fact, he pledged to give most of his fortune to educational charities because he believes knowledge is humanity’s biggest strength.
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2. Mark Zuckerberg
Net Worth: ~$175+ Billion
Mark Zuckerberg and Priscilla Chan have made it clear that their children won’t inherit one of the biggest fortunes in history. They stated that their goal was to advance human potential and promote equality. Sure, their kids will always be comfortable, but they won’t grow up with millions at their fingertips. Throughout the course of their lives, the Chan Zuckerberg Initiative will be giving away 99% of its company shares.
3. Warren Buffett
Net Worth: ~$135+ Billion
Buffett is a co-founder of The Giving Pledge and has committed to giving away more than 99% of his wealth to philanthropic causes. Even after having a net worth of $135 billion, he wants to leave his kids “enough money so that they would feel they could do anything, but not so much that they could do nothing.“
4. Bill Gates
Net Worth: ~$130+ Billion
Their wealth is dedicated to their world-changing philanthropic work at the Bill & Melinda Gates Foundation, with their children reportedly set to inherit a fraction of 1% of their total wealth. Bill Gates and his ex-wife, Melinda, have long stated that their children will not inherit the bulk of their immense fortune.
5. Gordon Ramsay
Net Worth: ~$220 Million
We are talking about the famous millionaire chef, Gordon Ramsay. While he never flies without first class given his status, he plans to keep his kids grounded, literally. Ramsay himself has revealed that he never allows his five kids to fly with him and his wife, Tana. There aren’t any hard feelings here. Ramsay just wants his kids to know that success and comfort are earned, not inherited. Despite a whopping $220 million net worth, the celeb has no plans to leave his wealth to his kids.
6. Ashton Kutcher And Mila Kunis
Net Worth: ~$275 Million
The Hollywood power couple has a net worth of approximately $275 million, but they have made it pretty clear that there won’t be any trust funds waiting for their kids at the end of the road. Instead, their money will go to charity. But Ashton is open to backing up his kids if they ever come up and pitch him a business idea worth investing in. What a way to keep your kids motivated and grounded!
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7. Daniel Craig
Net Worth: ~$160 Million
Daniel Craig has never been shy about his unique take on parenting and has always tagged inherited wealth as ‘distasteful.’ So, naturally, someone who shares such a view wouldn’t ever want his kids to inherit his wealth. Craig is a strong believer in hard work and earning one’s way through life, and it’s the same thing he wants for his kids. He wants his children to build their own success stories, just like he did.
8. Simon Cowell
Net Worth: ~$600 Million
Simon Cowell is minting money with a gigantic net worth of $600 million, but he has no plans to pass it down to his children. The music mogul has always been quite transparent regarding his parenting approach and doesn’t think wealth is something that should just automatically pass from one generation to the next. Instead of leaving his fortune to his son, he plans to donate most of it to charities, particularly for taking care of children and animals.
9. Sting
Net Worth: ~$400 Million
“Don’t expect a trust fund.” The message is clear to his six children. Sting has appeared in multiple interviews and said that much of his wealth will be spent during his lifetime by him and his wife. So, he’s not planning to leave much back for them to inherit. When asked about trust funds, Sting has talked about his wariness and has often called them “albatrosses round their necks.”
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10. Sir Elton John
Net Worth: ~$550 Million
Sir Elton John and his husband, David Furnish, have decided that their two sons will not be handed a life of pure luxury, even after a net worth of approximately $550 million. Though he has mentioned that his children will be financially secure, he doesn’t want to give them a ‘silver spoon’ and ruin the purpose of their lives. They want their sons to understand the value of hard work and to have a profound respect for both labor and money.
