Many people would naturally will their fortune to their children or wives before they pass on as they hope that their children might use it to continue from where they stopped.
However, there are other people, multi-millionaires at that, that think otherwise. These wealthy people have revealed that they wouldn't be giving their money to their children if they leave this world and their reasons might sound strange to you at first.
I'm this article, we will take a look at some incredibly wealth people that would not leave their fortune for their children.
Being one of the most wealthiest couple in the world, Facebook CEO Mark Zuckerberg and his wife Priscilla Chan has revealed that they would not leave their entire fortune to their two daughters when they grow up. Instead, they would donate the money to the Chan Zuckerberg initiative, some sort of charity organization.
" We will give 99 percent of our Facebook shared during our lives to advance this mission" the billionaire couple once wrote on Zuckerberg's Facebook page
2. Bill Gates
The founder of Microsoft Bill Gates is one of the richest person on Earth, and you might think his billions would eventually be shared equally among his three children. You are wrong.
Bill Gates even revealed that he would only leave $10m each for his three children, in what he referred to as " a miniscule portion".
In 2011, the 56 year old disclosed in an interview that leaving that tiny amount of money for his children out of billions will mean they have to find their own way.
" It is not a favour to kids to have them have huge sums of wealth" he said, and plans to put the majority of his wealth into charity.
3. Michael Bloomberg.
The former mayor of New York and billionaire, Michael Bloomberg has also decided not to leave his wealth to his daughters, but would instead invest them in philanthropic organizations that will help create a better future for them.
" If you want to do something for your children and show how you love them, the best thing by far is to support organizations that will a better world for their children''. The billionaire once said.
4. Pierre Omidyar
Pierre Omidyar is the co-founder of eBay and a billionaire at that but wouldn't give his fortune to his children when he passes on.
" We have more money then our family will ever need. There's no need to hold onto it when it can be put to use today, to help solve some of the world's most intractable problems" the billionaire and his wife Pam, wrote in a letter.
5. Jackie Chan
The famous actor and business man has achieved a lot in the entertainment industry and is one of the most loved actors from Asia. Jackie Chan has amassed quite a fortune from his career as an actor and also as a business man as he is worth over $350m. Yet, he he plans to give more than half of his fortune away to charity and would not leave any of it to his son Jaycee.
"If he is capable, he can make his own money. If he is not, then he will just be wasting my money." The actor said.
6. Simon Cowell
Simon is famous as being the judge of popular talents show America Got Talent and has a reputation of being very strict with contestants. Aside from being a judge, he is also a very successful entrepreneur in the music industry and has achieved a fortune of over $550m. However, he has decided to donate his fortune to charitable courses when the time comes.
" I am 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".
So there you have them. These people would not be passing down wealth to their children.
What do you think?
Is it a right decision from them?
Content created and supplied by: GideonOgbike (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More