Daniel Craig and Gordon Ramsay will not leave their fortune to their children

Daniel Craig and Gordon Ramsay will not leave their fortune to their children

When it comes to celebrity millionaires and billionaires, many of us imagine that their children will inherit their fortune. In fact, this is how wealth has traditionally been handled, and it continues to be a popular way to preserve wealth among the already rich and famous.

However, there are some famous people who, for one reason or another, have pledged or are planning to pledge most of their fortune to charitable causes instead of passing it on to their children.

Of course, in many cases, the children of these celebrities will still receive a decent amount: many of the individuals on this list have such high net worth that even after most of the amount is given away, there will be a lot of money left over. However, the fact that these stars choose to direct most of their wealth in a direction other than that of their family speaks volumes about their values.

Daniel Craig

Regarding his decision not to leave an inheritance to his children, Craig told a British magazine: “Isn’t there an old saying that if you die a rich man, you’ve failed?” According to Celebrity Net Worth, Craig’s net worth is estimated at $160 million. “But I don’t want to leave large sums to the next generation,” explains the James Bond star. “My philosophy is get rid of it or give it away before you go.”

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Gordon Ramsay

The famous chef Gordon Ramsay owns 40 restaurants around the world with 16 Michelin stars. He and his wife also have five children. In 2017, Ramsay told the Telegraph that his fortune would definitely not be passed on to his children. He said he didn’t want to spoil them.

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Sting

The former frontman of The Police is apparently quite wealthy, but he has no plans to pass his money on to his children when the time finally comes. In 2014, Sting told the Mail on Sunday that he and his wife spend a lot, but that’s not why he doesn’t want to leave his children an inheritance.

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Elton John

During his career, Elton John has amassed a hefty sum. But he and his husband, David Furnish, never intend to spoil their two sons with the money. He assumed that his children would always have enough money to cover their basic needs, but would never relax too much.

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Bill Gates

The multi-billionaire founder of Microsoft is also an avid philanthropist who plans to donate most of his fortune to charitable causes when he dies. In 2013, Gates told a Reddit AMA: “I definitely think that leaving kids huge amounts of money is not a favor to them.” He cites Warren Buffett as someone who imparted this wisdom to him.

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