Find out why these 14 rich people disinherited their own children

Have you ever caught yourself thinking that the children of celebrities are very lucky people? If so, you’re not the only one. It’s very common to have the idea that the lucky ones will never have to worry about the bills or go around handing out resumes. It turns out that not all celebrities want to leave an astronomical inheritance for their children. We are talking about Sting, Bill Gates, George Lucas and many others have already announced that their fortune will go to charity. Why do stars and mega-entrepreneurs make these decisions?

O awesome.club went after the celebrities who made this decision and found out why the decision was made.

Barron Hilton, owner of a large chain of Hilton hotels and grandfather of socialite Paris Hilton, determined that, upon his death, 97% of his estate be donated to the Conrad Hilton Foundation. Such a decision was partly due to the fact that the family’s reputation was damaged by Paris’s behavior, notably given to scandals, and was aggravated after the star was still seen driving drunk, even being arrested. Paris knows how to earn a living from its own work, however, the loss of 47 billion dollars that must not be very pleasant.

Russian Mikhail Fridman, co-owner of Grupo Alpha (in the area of ​​personal security), is one of the richest people in the country of the World Cup. He also decided to leave his 4 children without inheritance: more than 10 billion dollars, after his death, will go to charity. The multimillionaire wants to protect his children from scammers and encourage them to go after their own achievements.

Bill Gates, the multimillionaire founder of Microsoft, followed the example of Warren Buffett, also one of the richest people in the world. Together, they launched the Giving Pledge entity (something like “Oath of donation”), a kind of moral pact between billionaires. In an open letter, the wealthy pledge to transfer their assets to charity.

The Bill and Melinda Gates Foundation has already received most of Bill and his wife’s fortunes, which is over 78 billion dollars, and after their death, it will inherit all the rest. From the point of view of the founder of Microsoft, children should work and understand the importance of work.

Multi-millionaire Michael Bloomberg, founder and manager of the Bloomberg communications company and former mayor of New York, also signed the “Giveaway Pledge” and plans to transfer his entire fortune to charity. There are 34 billion dollars allocated to non-profit organizations in the field of health, education, science, among others. He explains his decision quite simply: the best thing you can leave your children is a better world.

The creator of the American TV network CNN, Ted Turner, created the Turner Foundation in 1990, which deals with environmental issues. He soon launched the United Nations Foundation, and in 2010 he joined the aforementioned “Pledge of Giving” with Gates, Bloomberg and Buffett. Currently, in Turner’s words, with a net worth of more than 2 billion dollars, the media tycoon lives on the edge of poverty and almost all of his money belongs to endowment funds. The Turner children share their father’s philanthropic vision and work with it too.

Pop star Elton John and his spouse, film director David Furnish, have decided to leave their children without a fortune. They have earmarked GBP 53 billion for charity, which explains their desire to instill respect for work and money in their children. “We can’t give children a silver spoon, it ruins their lives,” declared Elton John.

Mark Zuckerberg, founder of Facebook, and his wife are another couple who have joined the “Pledge to Give” initiative. The Chan-Zuckerberg Foundation will participate in funding projects aimed at treating diseases, developing education and solving social problems. Around 99% of the couple’s US$63.5 billion estate will belong to the Foundation during their lifetime and the rest will be transferred to it after their death.

KISS frontman Gene Simmons has also decided to transfer his money to a good cause. Almost all of the rock star’s $300 million fortune will be donated to non-profit organizations. Gene says such a decision will help his children, Nick and Sophie, to learn to be independent and follow their own paths. At the same time, the children will receive an annual subsidy for rent and basic needs.

Ashton Kutcher and Mila Kunis say that wealth and big profits demotivate children, depriving them of the ability to create their own businesses. Therefore, the inheritance of the actor couple after their death will also go to charity. However, Ashton also said that if his son has a solid business plan, he can get help.

Sting, the legendary vocalist of The Police, he has a considerable fortune and does not want to interfere with his children’s self-realization. In addition, he stated that he will not leave them money for one simple reason: he will spend everything he has, since there are more than 100 people on his payroll — among musicians, roadies and support staff.

The children of the talented actor Jackie Chan, both those of marriage and those resulting from extra-marital relations, will not enjoy their father’s heritage either. One of his children, Jaycee, expressed dissatisfaction with the decision. At first, the actor would only donate half of his fortune, but in 2012 he changed his mind and decided to donate all his assets. His decision can be explained simply: if Jaycee is worthy of that money, he can earn it himself.”

The creator of the American sales site eBay, Pierre Omidyar, has an estimated fortune of 8.1 billion dollars, money that, he guarantees, is much more than he and his family need. Omidyar preaches that it is inadmissible to keep money in storage, without use. These resources, according to him, should be invested for the benefit of society. Therefore, the businessman has also joined the “Oath of Giving” created by Bill Gates, and plans to transfer all his funds to a charitable foundation.

after having created Star Wars, film producer George Lucas has not had any problems with his finances, but the director has no intention of transmitting his fortune to his 4 children. He joined the “Oath of Giving” and directed his capital of 4.5 billion dollars raised by the sale of the “Jedi” franchise, towards the development of education. The idea seemed so attractive to him that Lucas promised to transfer all his assets for the benefit of society.

Gordon Ramsay, British chef known for the series Hells Kitchen, and his wife, Tana Hutcheson, taught their children that money is not the most important thing in a person’s life, and that it is not worth turning it into the objective. core of our existence. Gordon even confirmed that when traveling, his children don’t fly first class, but economy class. Mr. and Mrs. Ramsay decided to disinherit their children in order to protect them once and for all from the harmful influence of great fortune.

The American steel tycoon Andrew Carnegie, who lived at the beginning of the 20th century, can be considered one of the forerunners of disinheriting children in favor of charity. In 1889, he wrote the “Gospel of Wealth”, in which he manifests that the man who dies rich dies miserable. To his wife and daughter, after his death, Andrew left chattels and a moderate amount of money, enough for them to live without luxuries. Initially, the assets of Carnegie and the Rockefellers (one of the richest families in history and linked to oil exploration) were more or less equal, and it was precisely this act that eliminated Carnegie’s name from the list of richest people in America.

Billionaires seem to have their own philosophy of life, and it’s amazing when we see them collaborating with a better world.

It would be great if each of us, famous or not, donated a little bit of what we have.