Tuesday, November 5

Why some rich and famous don't want to share their inheritance with their children

Arlenys Tabare

Many artists expressed having felt offended after the concept of the “nepo babies”an expression used to refer to those Children of celebrities who managed to open an “easy path” in the entertainment industry thanks to the support and trajectory of his parents.

The Spanish translation is from “nepotism babies” which basically according to the Royal Spanish Academy refers to those people who, using the concessions of their relatives, obtain public office. Of course, this caused a stir on social networks, but no more than the strong and contrary statements that some celebrities have offered regarding the fate of their inheritance.

A list of rich and billionaire artists who have spent years building a great fortune in the world of cinema, television, music and sports have confessed that they will not leave their wealth in the hands of their childrenclaiming that it is preferable that his descendants find their own path to success.

Celebrities who won’t leave an inheritance to their children

One of them is country singer Marie Osmond with assets valued at $20 million He stated that his children will not receive an inheritance. “I don’t know anyone who becomes something if they just give them money,” said the artist. Osmond claims that their children should cultivate their own futurefind their own passions and forge their own careers.

But he is not the only celebrity who has confessed not to leave anything to his children. The best-known British chef in the world, Gordon Ramsey He assured that his five children do not enjoy his fortune or fame.

Gordon’s wealth is estimated at about $78 million, the chef has mentioned several times that his children rarely eat at his Michelin-starred restaurants or travel first class with him, “they haven’t worked hard enough to pay for that,” he said.

Another famous Briton who has also stated that he did not leave anything to his descendants, is actor daniel craig who on several occasions has said that he sees the inheritance as something “unpleasant”, and that his two children will not receive any of his fortune.

Daniel Craig

Craig’s estate is valued at $125 million. “My philosophy is to get rid of it or give it away before I die,” said the actor known for his starring role as James Bond.

Besides, American billionaire businessman Warren BuffettHe mentioned that his intention before he died was to donate 99% of his fortune and assured that his children will not get much from his estate.

Warren Buffet resigns from the Bill & Melinda Gates Foundation-GettyImages-1140938011-1.jpeg

It was Buffett himself who in 2021 declared that “after observing many super-rich families, this is my recommendation: leave children long enough that they can do anything, but not long enough that they can do nothing“. Most of Warren’s children have already formed in different careers, demonstrating that they can sustain themselves without the support of their father.

Many artists and celebrities with long-standing parents have managed to make their way in the industry and the lack of inheritance has not prevented them.

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