15 Celebrity Children Who Won’t Get Any Money From Their Rich Parents (And 5 Who Already Have)

Gordon Ramsay

Gordon Ramsay boasts a $54 million net worth, so he has no problems paying for whatever he wants. It is important to note that he put in the time and effort to reach his station in life. He has four kids: Jack, Megan, Holly, and Matilda. However, he is not going to leave them his fortune: “My fortune won’t be going to my children.” He is vocal about raising them to be grateful for what they have and do not expect lavish things from their father. According to him, he and his wife fly first class but leave the kids in coach since they have not “earned” it yet. Yes, it sounds harsh, but he only wants to teach them a lesson.

Gordon Ramsay

Mark Zuckerberg

It is pretty common knowledge that Mark Zuckerberg made billions of dollars as a Facebook co-founder. However, it is not all that common to know that he is planning to donate 99 percent of his fortune to charities instead of his two children. He has two kids, Maxima and August. After the birth of his first child, he made a promise to donate most of his wealth to philanthropic organizations. He said that he will give away his shares from Facebook, which are worth $450 million. While his children still have a shot at getting a lot of money, we are sure that he wants them to learn the importance of hard work.

Mark Zuckerberg

Michael Jackson

Michael Jackson, without a doubt, is one of the biggest superstars in the entire history of music. He did not make his fortune by slacking off. After his death in 2009, there was some controversy about his real net worth. The figures were estimated to be as much as $500 million. Even after his passing, his estate continued to make millions with album sales, TV specials, and other deals. In 2019, he even made $75 million. His kids received $5 million, which they are meant to divide amongst themselves, as well as an annual allowance worth $8 million. Major expenses, which include lavish holidays and tuition fees, are already covered. They might be young, but Prince, Blanket, and Paris are already made for life!

Michael Jackson

Bill Gates

Bill Gates has a net worth of $90 billion. While this is a jaw-dropping sum of money, the co-founder of Microsoft plans to teach his children the value of hard work in the old-fashioned way. He shut down the idea that Phoebe, Rory, and Jennifer are going to get $10 million each when he dies: “They won’t have anything like that. They need to have a sense that their own is meaningful and important. You’ve got to make sure they have a sense of their own ability and what they’re going to go and do.” However, he does plan to help their future he is still alive and kicking by investing in their education. He has stayed firm that he will not support them after that and even explained, “It’s not a favor to kids to have them have huge sums of wealth. It distorts anything they might do, creating their own path.” He and Melissa, his wife, plan to donate their money to a number of charities in the future.

Bill Gates

Jackie Chan

Jackie Chan worked hard to get to where he is now. He put in the time and effort to be an established actor, stuntman, singer, martial artist, and director. Despite his $350 million net worth, his son should not expect anything in the future. The celebrity feels confident that Jaycee, his son, would not need such an advantage: “If he is capable, he can make his own money. If he is not, then he will just be wasting my money.” This logic is common among celebrities who want to instill resilience and self-worth among their children. According to the martial artist, he is going to leave all of his wealth to charities.

Jackie Chan

Simon Cowell

Simon Cowell became a household name during his time as a judge on American Idol. The music producer was already a rich man back then, although his $95 million annual salary increased it further to $550 million. It is easy to assume that his only son, Eric, is going to be privy to it. This is not the case as the music legend shared, “I’m going to leave my money to somebody. A charity, probably — kids and dogs.” It turns out that he does not “believe in passing on from one generation to another.”

Simon Cowell

Allegra Versace

Allegra Versace is the daughter of model Paul Beck and designer Donatella Versace. This Italian heiress and socialite grew up in Milan and is used to the good things in life. We are sure that she will get a lot of money from her mom, but she also got a big inheritance after Gianni, her uncle, passed away in 1997. She was only 11 years old when she reached millionaire status! At the age of 18, she received more access to power and money from his estate. It was how she wound up with millions of dollars even though she is still quite young. Right now, she has an incredible $800 million to her name.

Allegra Versace

Anderson Cooper

Anderson Cooper is a famous journalist and news anchor with CNN. Did you know that he hails from a clan boasting generational wealth? He is part of the Vanderbilt family, so you might assume that he is privy to the wealth that the clan has been earning since the ‘20s. His forebears earned millions by going into the railroad and shipping industries. His own mother even inherited a trust fund worth $5 million, which she blew up to $200 million through design. When Howard Stern spoke to him, Cooper shared that he is not going to inherit anything. “My mom’s made clear to me that there’s no trust fund,” he shared but then defended her decision, “Who’s inherited a lot of money that has gone on to do things in their own life? From the time I was growing up, if I felt that there was some pot of gold waiting for me, I don’t know that I would’ve been so motivated.” It is a good thing that he succeeded despite this!

Anderson Cooper

Gene Simmons

Gene Simmons is one of the KISS founders, so it is not a mystery how he got his wealth. The bassist has $300 million in his bank accounts, but his children Sophie and Nick are not going to be privy to it. He will make sure that they get what they need, but that is about it. He once shared, “In terms of an inheritance and stuff… they will never be rich off my money because every year they should be forced to get up out of bed, and go out and work and make their own way.” By doing this, he hopes that they will understand how important hard work is. He explained it more by sharing, “I don’t want them to say, ‘Thanks, Dad, for making me rich.’ No, you wanna be able to stand on your own two feet and say, “I did that.”

Gene Simmons

Sting

Sting has a net worth of $300 million at this point in time. He is the father to 3 girls and 3 sons, but they would not be rich as soon as he passes away. He said that he likes to spend as much as possible so that they would have none of it. He explained, “I told them there won’t be much money left because we are spending it. We have a lot of commitments. What comes in, we spend, and there isn’t much left.” He has said that he hopes his children will be able to stand on their own two feet. They were not raised in a lavish way, apparently. Their dad also shared, “They rarely ask me for anything, which I really respect and appreciate. They have the work ethic that makes them want to succeed on their own merit.”

Sting

Victoria And Marlena Laboz

Even though Victoria is only 17 years old and Marlena is only 21, they are already millionaires. This happened when their Manhattan landlord of a dad left them $37 million. However, his act of kindness came with certain limits. While they were able to access some of the money, they are due to have more in the future. Their father specified that they would only get at least $10 million when they reach 35 years old and gave them guidelines on how to obtain the rest of the money. Marlena, the older girl, will receive $500k if she gets married, although her groom has to sign a prenup. She will receive $750,000 upon graduation from a top university. He also agreed to triple their yearly salaries and pay them a large sum of money when they have kids within wedlock. Even though the rules are rather strict, this is not a bad method. It is certainly more efficient than simply handing your children a lot of money in one go.

Victoria And Marlena Laboz

Kevin O’Leary

If you have ever watched Shark Tank, you are probably aware that Kevin O’Leary is a harsh investor. The truth is that he is a lot like his TV persona. Well, you do not reach a net worth of around $400 million by simply sitting on the sidelines. However, his children Savannah and Trevor are not going to receive any of his wealth. While he is there to support their education, Kevin admitted that he is not going to leave them a single dime. “I am not planning on giving my kids any of my wealth. You want to prepare your children for launching their own lives. I tell wealthy parents that if they don’t kick their kids out of the house and put them under the stresses of the real world they will fail to launch – they will become unsuccessful adults. I really believe that” he explained his decision.

Kevin O’Leary

Nigella Lawson

Nigella Lawson made a name for herself as a gourmet food writer, TV personality, and journalist. She had a privileged background thanks to her well-off parents. While she was raised in a lavish way, it just made her feel wary about raising her children that way. Her kids Cosmina and Bruno are growing up under a different parenting style. She once expounded on it by saying, “I am determined that my children should have no financial security. It ruins people not having to earn money.” She was honest while the interview was going on and said, “I argue with my husband because he believes that you should be able to leave money to your children. I think we’ll have to agree to disagree.”

Nigella Lawson

George Lucas

George Lucas is the creator of one of the biggest film industry franchises, so it is no wonder that he is rich. In fact, the Star Wars mastermind is now worth around $5.2 billion. He is not planning to give his children any of it. Amanda, Jett, Katie, and Everest are aware of his wealth and status, as well as the fact that they are not privy to it. Their father is planning to give away at least half of his wealth to charities. He hopes to help a lot of kids and even penned the details in an open pledge letter. It read, “I am dedicating the majority of my wealth to improving education. We have to plan for our collective future—and the first step begins with social, emotional and intellectual tools we provide to our children.” We are impressed by how altruistic this man is!

George Lucas

Athina Onassis

Many of us can only dream of riches and wealth, but Athina Onassis has been living this life from the moment she had her 18th birthday. Did you know that she is the last surviving descendant of Aristotle Onassis? When her shipping tycoon grandpa passed away, she got an inheritance of $2.7 billion. It includes island properties, bonds, shares, company rights, artwork, and a private jet. She is something like a real-life Greek princess! On top of everything, she also received the President of the Onassis Foundation title and another $2 billion when she celebrated her 21st birthday. We are so jealous of her!

Athina Onassis

Andrew Lloyd Webber

Andrew Lloyd Webber is a famous composer who has used his talent and ambition to get to his current station in life. He is worth around $1.2 billion. Even though he can divide it among his 5 children upon his passing, he is not considering this. According to him, the children are aware and unbothered to hear this: “They aren’t bothered. They don’t think that way. It is about having a work ethic – I don’t believe in inherited money at all.” Imogen, William, Alastair, Nicholas, and Isabella probably developed amazing worth ethic thanks to this. Their father has also said this in the past: “I am not in favor of children suddenly finding a lot of money coming their way because then they have no incentive to work.”

Andrew Lloyd Webber

Davina McCall

Davina McCall has a couple of million dollars to her name. The British TV producer, however, is not going to hand her fortune over to her children just like that. She is the mother to three children called Holly, Tilly, and Chester. She wants her little ones to be able to get by on their own and develop a good work ethic. During an interview with The Sun, she explained, “I look at my daughters now and have painstakingly told them they won’t be inheriting any money. Me and [my husband] plan on spending every penny.” She also went on to say, “I’d hate to have a spoiled brat. I want them to be appreciative”.

Davina McCall

Pierre Omidyar

Pierre Omidyar boasts a net worth of $10 billion from eBay, the popular auction website. According to him, he will not raise kids who are only going to leech off of him in the future. He is a philanthropist who wants his kids to have similar values. On top of that, he said that the majority of his wealth will go to charities instead. He said, “We have more money than 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.”

Pierre Omidyar

Billie Lourd

Wait until you hear about the family background of Billie Lourd. She is not just the child of Carrie Fisher but also the grandchild of Debbie Reynolds. This young woman was on her rise to stardom when her famous mom passed away without warning in December 2016. This was very devastating, but Debbie was the one who was the most heartbroken. This legendary Old Hollywood actress died just one day after that. Billy had to deal with losing two family members and navigating life all by herself. She had been 25 years old when she received an inheritance of $7 million. On top of all that, the young woman also got jewelry, life insurance policy, luxury cars, and rights to her mother’s likeness and image.

Billie Lourd

We hope that you are ready to hear about children who were born to rich people but won’t inherit the fortune of their parents. For example, Sting does not plan to give any of his 6 children a dime. He told Mail on Sunday, “I told them there won’t be much money left because we are spending it.” According to him, inheritances are only going to be “albatrosses round their necks.” He also expounded his decision to leave them out of the will by saying, “Obviously, if they were in trouble I would help them. But I’ve never really had to do that. They have the work ethic that makes them want to succeed on their own merit.” He is not the only person in the world to do such a thing. Who else do we have?

Celebrities Who Are Not Planning To Keep Their Kids In Their Wills

Bill Gates – $78.6 Billion

When Bill Gates participated in a Reddit “Ask Me Anything” thread, he explained that his children are not going to be better off if he gave them his wealth. He received inspiration from Warren Buffett and plans to leave his money to worthy causes. Together with his wife, he runs a charity known as The Bill & Melinda Gates Foundation. He is now working with Buffett to encourage other billionaires to do this.

Bill Gates – $78.6 Billion

Warren Buffett – $65.1 billion

Warren Buffett has definitely not been shy about his dislike of leaving family members an inheritance. “I’m not an enthusiast for dynastic wealth, particularly when 6 billion others have much poorer hands than we do in life,” he said during a 2006 event that followed his announcement to give away the majority of his wealth. He has since pledged away 99% of his wealth to charity. On top of that, he likes to even encourage fellow billionaires to donate at least 50% of their money through The Giving Pledge.

Warren Buffett – $65.1 billion

Michael Bloomberg – $34 billion

Michael Bloomberg is known as the former New York City mayor. He has made a lot of money by owning a financial information firm that bears his name. He is the father to two daughters but also signed the Giving Pledge by Warren Buffett and Bill Gates. In one letter, he said, “If you want to do something for your children and show how much you love them, the single best thing—by far—is to support organizations that will create a better world for them and their children.” He has the Bloomberg Philanthropic Foundation, which focuses on a bunch of causes like health care and literacy.

Michael Bloomberg – $34 billion

Pierre Omidyar – $7.6 billion

Pierre Omidyar is best known for founding eBay. He and his wife are planning to donate their huge sum of money. In 2001, he said, “We have more money than our family will ever need.” Not only that, but he also said, “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.” He and his spouse worked together to launch the Humanity United Foundation, which supports anti-slavery nonprofit organizations.

Pierre Omidyar – $7.6 billion

George Lucas – $4.9 billion

Disney bought the Star Wars franchise from George Lucas for $4.5 billion. The filmmaker said that he will give away the proceeds towards improving the quality of education. This dad of four has also committed to donating his wealth. In 2012, his Giving Pledge letter said, “As long as I have the resources at my disposal, I will seek to raise the bar for future generations of students of all ages.”

George Lucas – $4.9 billion

Ted Turner – $2.2 billion

Ted Turner launched the Turner Foundation in 1990. It gives out grants about environmental causes. He opened it as a family foundation so that his children could also get involved in philanthropic work. He also launched the United Nations Foundation with an initial pledge of $1 billion. The media mogul said, “At the time of my death, virtually all my wealth will have gone to charity.”

Ted Turner – $2.2 billion

Simon Cowell – $500 million

Simon Cowell made a name for himself as a music mogul and a judge on X Factor. He has a 16-month-old boy but told journalists that he does not believe in generational wealth either. He wants to leave his wealth to charity instead. He will probably pick causes that have to do with “kids and dogs.”

Simon Cowell – $500 million

Kevin O’Leary – $300 million

Kevin O’Leary is a Canadian businessman and investor best known for his time as a Shark Tank judge. In an interview, he said that he is not planning to give his children any of his wealth. “If you don’t start out your life with the fear of not being able to feed yourself and your family, then what motivates you to go get a job?” he said. “Fear motivated me, and it will motivate them.” He once said that he will kick his kids out of the house as soon as they are done with their studies. However, he does plan to make trust for his grandkids and great-grandkids.

Kevin O’Leary – $300 million

Jackie Chan – $140 million

Jackie Chan is a 60-year-old martial artist and actor. He plans to donate his money to charitable causes and none of it to his son. He once told the press, “He can make his own money,” The actor is a UNICEF Goodwill Ambassador and fights for animal rights. Aside from these things, he also founded the Jackie Chan Charitable Foundation, which has a focus on education and disaster relief.

Jackie Chan – $140 million

Nigella Lawson – $15 million

Nigella Lawson is a celebrity chef who recently made the news when she and Charles Saatchi got a divorce. She spoke to MyWeekly, a British magazine, about how her children will have to work and make a living once they are finished with college. “I am determined that my children should have no financial security,” she told them. “It ruins people not having to earn money.” She has, however, denied that they are not going to be on her will. According to her, she is not planning to leave her children starving and destitute.

Nigella Lawson – $15 million