Warren Buffett has amassed a fortune of $65 billion, but only a small portion of that money will go to his three children. It distorts anything they might do, creating their own path.”Īfter passing on a small amount of money to their offspring, Gates and his wife will give the rest of their fortune to their charity, the Bill and Melinda Gates Foundation, which funds health and education projects around the world. “It’s not a favor to kids to have them have huge sums of wealth. “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. Elton JohnĮlton John and his husband, David Furnish, have a combined net worth of $550 million, but they do not plan to leave much of it to their sons, Elijah and Zachary. “They have the work ethic that makes them want to succeed on their own merit,” he said. While Sting said he would help his children out if they were in trouble, he doesn’t believe that will be necessary. “I told them there won’t be much money left because we are spending it,” he said, citing previous commitments for his fortune. In an interview with the Daily Mail, the musician said he will be spending the majority of his fortune. Sting, who has a net worth of $300 million, said that he’s not leaving any cash to his six children-Eliot, Joe, Mickey, Fuchsia, Jake and Giacomo. Priscilla Chan, pledged to give away 99 percent of their company shares, which topped $45 billion at the time.Īccording to the letter, the couple’s goal in donating the funds is to “advance human potential and promote equality for all children in the next generation.” Sting In a letter to their newborn daughter, Zuckerberg and his wife, Dr. But, he won’t be sharing the majority of his money with his daughter, Max.
Mark Zuckerbergįacebook founder Mark Zuckerberg became a billionaire before 32, and is today worth $50 billion. Here are some of the richest celebrities who won’t be spoiling their kids. Some are instead looking to donate their riches to charity, or just want their kids to rough it out. But some celebrities aren’t looking to pass on their riches to their kids. Having rich and famous parents comes with its perks - not the least of which is a sizable inheritance.
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