9 Celebrity Parents Who Are Cutting Their Kids Off
Sting, Nigella Lawson and Simon Cowell are just some of the famous parents who want their kids to work for a living. Check out the celebrity mums and dads who aren't leaving their millions to their children...
In 2015 the musician revealed his six children will not receive a chunk of his £180 million fortune: "I certainly don’t want to leave them trust funds that are albatrosses round their necks. They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate. Obviously, if they were in trouble I would help them, but I’ve never really had to do that. They have the work ethic that makes them want to succeed on their own merit." Picture: Getty
2. Nigella Lawson
The celebrity chef has two children who can expect none of her estimated £15 million fortune: "I am determined that my children should have no financial security. It ruins people not having to earn money.” Picture: Rex
3. Simon Cowell
Just before the birth of his first child the music mogul made it clear his £325 million fortune won't be going to his son: "I’m going to leave my money to somebody. A charity, probably — kids and dogs. I don’t believe in passing on from one generation to another." Picture: Twitter
4. Bill Gates
The Microsoft founder has said his $82 billion fortune will be left to the family's charity, The Bill and Melinda Gates Foundation: "They [his children] won’t have anything like that. They need to have a sense that their own work is meaningful and important. You’ve got to make sure they have a sense of their own ability and what they’re going to go and do".
5. Gene Simmons
The KISS bassist wants his two children to make their own money telling CNBC: "...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." Picture: PA
6. Andrew Lloyd Webber
The composer's five children shouldn't expect a slice of his £750 million fortune or his company. He told the 'Daily Mirror': "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 favour of children suddenly finding a lot of money coming their way because then they have no incentive to work. So I will give them a start in life but they aren't going to end up owning the Really Useful Group." Picture: Rex
7. Lenny Henry
The comedian recently revealed that his reported £5 million fortune wouldn't be going to his daughter: "Quite a lot of wealthy people now do this thing of not giving their children any money. There is a thing of not over-privileging your children if you are very, very rich because how are they going to learn? How are they going to learn to stick up for themselves? So it’s probably right."
8. George Lucas
The 'Star Wars' creator signed Bill Gates and Warren Buffett's 'Giving Pledge' in 2010, which promises at least half of his $5.4 billion fortune to charity upon his death, not his four children: "I am dedicating the majority of my wealth to improving education. It is the key to the survival of the human race." Picture: PA
9. Jackie Chan
The famous actor has always said that his son, Jaycee won't be getting any of his $130 million fortune, saying: "If he is capable, he can make his own money. If he is not, then he will just be wasting my money." Picture: Getty