It might be nice to daydream about having a super-rich celebrity parent and one day getting your paws on their squillions. Just imagine having Sting, Bill Gates or Nigella Lawson as your mom or dad. And yet even though those people have millions, they don’t necessarily plan to leave it to their children. In this list, we take a look at some of the wealthiest celebs out there who have no intention of turning their spawn into poor little rich kids. Some of the celebrities intend to give all of their dough to charity, while others hope to spend it all on themselves. But none of these stars plan to just hand it over to their various sons and daughters. Read it and weep, celeb offspring!
10. Jackie Chan
Martial artist and actor Jackie Chan is a big star in both America and his native China, beloved for his acrobatic skills and physical comedy alike. And his multiple Rush Hour movies with Chris Tucker have been major successes worldwide, earning him a stash of cash, to boot.
Chan is in fact estimated to be worth about $140 million – and yet he has no intention of turning his son into a trust fund kid. You see, the stunt-loving star believes it will be good for his boy to earn his own way in life. And while that may sound cold, Chan is actually quite the charitable fellow and has set up his own philanthropic foundation.
Those “Roxanne” royalties must be something else. That’s because pop singer Sting is worth somewhere in the ballpark of a whopping $300 million. Yes, he’s been selling out concerts and releasing hit albums for several decades now – and made a pretty penny doing so.
Alas, too bad for his kids, though, as the singer won’t be leaving his fortune to them. In a 2014 Mail Online interview, Sting told the press that he considers an inheritance to be like putting “albatrosses around [his children’s] necks.” He also said there likely wouldn’t be much left anyway, as he and wife Trudie Styler plan to spend the lot.
8. Nigella Lawson
Celebrity chef and food writer Nigella Lawson has accrued mountains of cash teaching the masses how to make a really nice roast chicken. The brunette beauty is a Food Network staple and has published numerous cookbooks. She also used to be married to advertising tycoon Charles Saatchi.
But even though she’s sitting on a pile of cash, thought to be around $15 million, Lawson has told the press that she thinks being born into money “ruins people.” And the domestic goddess expects her own children to go to college and make their own way in the world. Let’s hope they’re well-prepared, then – just like Lawson is in the kitchen!
7. Gene Simmons
As the bassist for KISS, Gene Simmons was known for waggling his scarily long tongue. But 30 gold records translate into quite a bit of moolah, and now he’s known for being worth, like, a gazillion dollars. Or, to be precise, $300 million.
Simmons made his millions the tough way, wearing skintight leather and touring the globe. And he wants his kids, Sophie and Nick, to make their own way in the world, too. Talking to CNBC, the rock icon once said, “They’re gonna be taken care of, but they will never be rich off my money.”
6. Simon Cowell
Simon Cowell made his money as a music mogul and, of course, as the judge everyone loves to hate: he’s scowled at contestants on The X Factor, American Idol and Britain’s Got Talent. And it seems that rolling his eyes at amateur performers has, in fact, left him rolling in money.
Yes, mocking the masses has served him well, with Cowell having raked in an estimated $500 million over the years. However, unfortunately for his young son, Eric, he isn’t keen on wealth being handed down over generations. Cowell’s goal is to leave his money to charities that help children and dogs. Woof.
5. George Lucas
The creator of Star Wars, Lucas is worth just shy of $5 billion, and most of this money came from Disney’s purchase of the franchise in 2012. Yep, it seems that lightsabers have proved very lucrative for Mr. Lucas.
But while Lucas is father to four children, he has no plans to shower them in cash when he departs for a galaxy far, far away. Rather, he’ll be donating the money toward improving education around the world. Following the Disney deal in 2012, Lucas said, “It is gratifying that I have the opportunity to devote more time and resources to philanthropy.”
4. Ted Turner
Along with being the former husband of Jane Fonda, Ted Turner is the founder of CNN, the very first 24-hour cable news channel. Because of this, Turner is worth a cozy $2.2 billion. And he also happens to be extremely charitable with his wealth.
Turner created the United Nations Foundation back in 1998. The organization addresses climate change and children’s health, among other issues. And although the mogul has five kids himself, it’s his hope that upon his death almost all of his money will be left to charity.
3. Andrew Lloyd Webber
British composer Andrew Lloyd Webber made mountains of cash creating Phantom of the Opera, Cats and many other musical hits. Around $940 million, in fact. And you’d be hard-pressed to find a musical fan who can’t hum at least one of his tunes.
Webber also has five children, but he’s a big believer in giving back to the arts. In fact, he says he’d rather “encourage the arts” than leave behind a bunch of spoiled offspring. In 2008 he told the Daily Mirror, “I am not in favor of children suddenly finding a lot of money coming their way, because then they have no incentive to work.”
2. Bill Gates
Considered the king of all nerds, Microsoft founder Bill Gates is also arguably pretty much the king of philanthropy. Worth an estimated $78.6 billion, Gates created the Bill & Melinda Gates Foundation in 2000. The body aims to reduce poverty and expand access to education around the globe.
And after learning that fellow billionaire Warren Buffett plans to donate most of his wealth to charity rather than pass it down to relatives, Gates decided to do the same. “I definitely think leaving kids massive amounts of money is not a favor to them,” he said in a 2013 Reddit AMA. Let’s hope his children feel the same way!
1. Elton John
Elton John likely hasn’t ever been described as understated. The singer-songwriter is known for being larger than life, and it’s served him well. After all, he’s created some of the world’s most beloved pop songs and musical numbers.
John has two kids, Elijah and Zachary, with husband David Furnish, but it’s very important to the superstar that his children understand the value of hard work. In 2016 he told the Daily Mirror, “It’s terrible to give kids a silver spoon. It ruins their life.” And for that reason, he says he won’t be handing down his $250 million fortune.