“I tell them all the time.
We ain’t rich.
I’m rich.”
Many people assume celebrities leave their kids an automaticinheritancebut that isn’t always the case.
In fact, some are completely opposed to it for various reasons.
Here are a few celebs who have confirmed passing down the big bucks is not in their plan.
1.Shaquille ONeal
Shaquille ONealhas been open about not wanting to spoil his children with his wealth.
He toldBusiness Insider, “My kids are older now.
They’re kinda upset with me.
Not really upset, but they don’t understand.
I tell them all the time.
‘We ain’t rich.
I’m rich.'”
He emphasizes the importance ofeducationand wants his kids to understand that they need to earn their ownsuccess.
I’ll let you know, I’m not giving you nothing."
2.George Lopez
ComedianGeorge Lopezhas expressed that he wont leave his daughter Mayan Lopez a large inheritance.
He wants her to beindependentand responsible for her own life.
The author and former Wall Streettraderexplains how he intends to spend his money before he dies.
He emphasizes that his duty as a father keeps him responsible and accountable which he wants to pass on.
But my responsibility is to see to it they grow up responsible and strong.
He expressed possibly passing down his legacy to his son, but only if he really wants it.
6.Anderson Cooper
Anderson Cooper toldE!Newsthat he doesn’t believe in leaving vastwealthto his children.
He wants them to build their careers and lives.
He mentioned how his upbringing shaped his views on money and value.
He said: “I grew up watching money being lost and knowing it was being lost.
I don’t believe in passing on huge amounts of money.
I don’t know what I’ll have.
According toForbes, the auction was online and raised over a million dollars.
The money went to his fifth wife and widow, Jill Vandenberg Curtis, and some to charity.
However, when it came to his five kids, not one was mentioned regarding an inheritance.
When he did so, he cut out all of his children.
His will lists all five by name including Jamie Lee and states that he intentionally disinherited them.
No reason was given in his will.”
8.Warren Buffett
Warren Buffettis asignificant example.
“Society has a use for my money; I dont.”
9.Nigella Lawson
Nigella Lawsonis opposed to any idea of an inheritance.
The comedian’s will seemingly intentionally excluded his his first and ex-wife Patti Palmer.
11.Jackie Chan
ActorJackie Chanpublicly stated that he would not leave his son an inheritance upon his death.
If he is not, then he will just be wasting my money.
He emphasized that inheritance is out of the question because he will be spending all of his money.
“I told them there wont be much money left because we are spending it!
We have a lot of commitments.
What comes in we spend, and there isnt much left.”
He continued: “I certainly dont want to leave them trust funds that are albatrosses round their necks.
They have to work.
“No free lunch, its just the wrong thing to do, OLeary says.
You curse a child when you de-risk their lives.
But that doesnt mean you cant help them.
And by giving, we inspire others to give of themselves, whether their money or their time.
Im not interested in legacy wealth buildings, and my children know that.
If I live long enough, it ends with me.
