They say money, as comfortable as it may be to have, is also the number one cause for family feuds and other social problems. Some of the richest people in the world who have the most astounding numbers in their bank accounts, are not taking their wealth for granted as they had to work hard for what they earned. In fact, they are taking this approach even a few steps further when they consciously decided to leave their own children with literally nothing once they are gone. Some have even pledged to donate most of their fortune to charities.
Many of these celebrities have stated that they want to teach their kids a life lesson on how they should have to work hard for their own money. It does make you wonder how these kids are brought up. Moreover, it also makes you wonder if they were brought up in such a wealthy home and led an unbelievable lifestyle that most of can only dream of, why then, does it make a difference after their famous parents will pass away? It makes the whole lesson-teaching idea be kind of cancelled out in a way. In any case, it’s still very intriguing to know what the richest people in the world have decided to leave for their offsprings after they are gone.
Take Sting for example, who has $200 million in his bank account and 6 children to divide it with, can you guess what he plans to do with his whooping net worth? What about billionaire Warren Buffet’s inheritance? What does iconic actress and singer, Cher, plan to do with her millions once she leaves her burlesque life? These are the world’s rich and famous who might have million dollars worth of businesses, but have no business in leaving their family with anything in their wills.
Richard Branson – money doesn’t buy you happiness
There’s no doubt that Virgin Group founder, Richard Branson, is living the good life and does not hold back when it comes to spending his fortune, $5 billion to be exact. However, the self-made billionaire has also pledged to donate half of his money to charity and other philanthropic sources. He didn’t hide what he felt about money and happiness when he was quoted saying: ‘Family, friends, good health and the satisfaction that comes from making a positive difference are what really matters. Happily our children, who will be our principal heirs, agree with me on this.’
Marilyn Monroe – left her money to her acting coach
Marilyn Monroe, beauty icon and famed actress, was a troubled woman to say the least. While we all know that Marilyn had her demons, the world was very surprised to learn that upon her death, Marilyn left her family nothing of her fortune, opting to give it all to her acting coach, Lee Strasberg. Everything that belonged to Monroe was kept in Lee’s basement until the day that he passed.
Robert Kardashian Sr. – a brutal reality for the Kardashians
The late patriarch of the famous Kardashian gang gained much recognition when he defended O. J. Simpson during his controversial murder trial in 1995. The famous attorney and businessman, who had been married three times in his life, had four children with his first wife, Kris – Kim, Kourtney, Khloé and Rob, who have become incredibly famous on their with their famous reality show. However, as much as Robert has been mentioned positively throughout the reality show, the reality is that his children were left with nothing after his ex-wife, had reportedly taken it all.
Farrah Fawcett – left nothing for her lover, Ryan O’Neal
Actress Farrah Fawcett, known for her years on Charlie’s Angels, has men drooling over her poster and women wanting to look like her. Fawcett was in a longterm relationship with actor Ryan O’Neal when she died and surprised the world when she didn’t leave Ryan a penny of her money. There are those that say that it’s because of Ryan’s treatment of her over the years.
Anna Nicole Smith – left nothing for anyone
Playboy model Anna Nicole Smith made a lot of money from her marriage to J. Howard Marshall II, $474 million to be exact. Sadly, when Anna Nicole passed away of a drug overdose in 2007, a court ruled that her daughter Dannielynn would never see that money. In the end, Anna passed away leaving nothing for anyone; except her legacy of outrageous behavior that is.
Gloria Vanderbilt – Anderson Cooper won’t see a penny
Just by the sound of her name, you can tell that artist and actress, Gloria Vanderbilt, comes from money. Vanderbilt is one of the heiresses to the the Vanderbilt money. However, as much as her family is worth a fortune, her own children are not in the line to inherit any of the $200 million that the famous family is worth. One of these children is TV news anchor, Anderson Cooper.
George Michael – his godchildren will inherit a fortune
When the British music icon sadly passed away in 2016, he didn’t only shock the music world, but the entire world. The singer was found dead on Christmas Day by his boyfriend at the time, Fadi Fawaz at his Oxfordshire home. The star passes away without any heirs, and the ones that are due to inherit his $128 million are actually his Godchildren. One of his godchildren is Spice Girls’ Geri Halliwell’s daughter.
Simon Cowell – the dogs and the kids will earn
The media mogul and talented producer, who is mostly recognized for his work on The X Factor and American Idol, is worth a whooping $550 million. The British realty TV judge is used to living the high life and that includes traveling the world with his private jet and hopping from one home to another. However, Cowell has no intentions at passing this kind of lifestyle to his three-year-old son, Eric. Instead, he will leave his fortune for foundations that their main focus is children and dogs.
Barron Hilton – Paris will inherit nothing
You can’t think of the name Hilton from the Hilton hotels empire, and not immediately think of the two famous sister, Paris and Nikki Hilton. The hotel empire owner and founder, Barron Hilton, who is the grandfather of these two socialites, has pledged to pass almost 100% of his $2.3 billion net worth to his charities. In fact, the billionaire has no intentions of leaving anything to his granddaughter, Paris, who has reportedly embarrassed her family’s name by her previous actions.
Sting – will spend it all while still alive
The music legend who rose to fame in the late seventies with his rock band, The Police has a net worth that is estimated at $200 million. Sting doesn’t hide his love for leading a luxurious lifestyle and he even stated once that he is going to spend as much as he can while he’s alive, therefore he doesn’t expect much to be left for his six children. Now, that’s one way to look at your fortune.
Gene Simmons – his kids can Kiss the money away
Another rock n roll legend, the lead singer of Kiss is worth an estimated $300 million. The producer and now reality television star, has stated many times that he believes his children should work for their money if they want to lead an extravagant lifestyle. That being said, the singer decided he would only give a small amount of his fortune to his own flesh and blood.
Jimi Hendrix – the $80 million estate was left to his adopted sister
The legendary songwriter and performer wasn’t fortunate enough to have a will when he passed away at the age of 27, making him one of the iconic members of the 27 club. After Hendrix’s death, his fortune was managed for twenty years by an attorney until the late singer’s dad stepped in and sued for the his son’s music rights. Eventually, the famous estate that Hendrix owned which was worth $80 million, was left to his dad’s adopted daughter. His fortune is now estimated at $175 million, which is a big cause for family feuds.
Gordon Ramsay – his four children will not get anything
The famous restaurateur and reality television chef and host has an incredible $160 million in his yummy bank account. Gordon, who is known for not holding back when it comes to speaking his mind, has been very outspoken about the fact that his four children will not be getting a penny from his fortune. He said once in an interview: ‘It’s definitely not going to them, and that’s not in a mean way; it’s to not spoil them.’
Bill Gates – his children will have to pay the bills
Bill Gates might be the wealthiest man in the world, with an estimated $87 billion, the business magnate and founder of Microsoft, will most likely leave his astonishing fortune for the charity he owns with his wife. The Bill & Melinda Gates privately owned foundation which was launched in 2000 has around $40 billion in terms of its assets. Bill vowed to leave most of his net worth for the charity rather than his own children and even tried to encourage other millionaires to implement the same approach. His three children seem to be totally understanding of their father’s approach and even stated that they are proud of his decision.
Elton John – only a small portion for the boys
The iconic singer and songwriter married his long-time partner, David Furnish in 2014 and by tying the knot, with their two sons, Elijah and Zachary present at the ceremony, they were officially a complete family. The couple, who believe in good work ethic and in not letting your kids feel like they were born with a silver spoon in their mouth, have stated that most of their wealth, which is estimated at $260 million, will be going to John’s charities.
Oprah Winfrey- $30 million to the dogs
The talk show queen and one of the most likable television personalities to ever host on the small screen, has a net worth that is estimated at almost $3 billion. The legendary The Oprah Winfrey Show host, has made a conscious decision not to have any more children after she lost her baby when she was a teenager. Oprah is known to be a huge dog lover, and she’s the owner of five dogs. That being said, most of her money will go to her foundations and a whooping $30 million will go to none other than her cute pooches.
Aaron Spelling – famous family feuds
The late television producer who was in charge of bringing Beverly Hills 90210 to the small screen and introducing the audience to the Walsh family, had a an estimated net worth of $600 million when he passed away. Spelling is also the father of actress and reality star, Tori Spelling, who just gave birth to her fifth child. It’s no secret that there were family feuds over the producer’s multi-million fortune as he left all of his money to his wife, Candy. Tori and her brother, Randy, had only received $800,000 each.
Sean Connery – Bonding won’t help his son
Sean Connery, who is 86 years old these days, was the first actor to ever portray the iconic role of James Bond. At the time, he was one of the most successful and talented actors in Hollywood who had many important films under his belt. The former Bond star, was brought up when his family has literally nothing and as a teenager he had to work hard just to earn $2 a week. For that reason, Connery promised that he would leave his only son, Sean, with literally nothing.
Amy Winehouse – her ex didn’t get a penny
When the overt singer tragically joined the 27 Club when she died in 2011, many rumors regarding who is expected to inherit her fortune started to circulate around that time. Winehouse who was married for two years to Blake Fielder-Civil prior to her death, actually took the initiative to change her will to ensure her ex won’t see a penny. Eventually, most of her money was left for her parents, who have used it mostly to keep her legacy alive and going.
Philip Seymour Hoffman – the kids got nothing
The late star and Academy Award winner, who died of a drug overdose in 2014, was a rich man when at the time of his death. The Hunger Games saar, who had three children with his long-time partner, Mimi O’Donnell, reportedly didn’t like the idea of his children becoming ‘trust fund’ kids, and so he decided to leave his entire fortune pf $35 million to the mother of his children.
Nigella Lawson – leaving her kids to fend for themselves
Nigella Lawson is known for being a celebrity chef. She comes from a very well off family in addition to her own money. Nigella made her net worth of around $150 million through her television shows and cookbooks. Despite having such a net worth, Lawson is not planning on leaving her children with any of it as she believes that having money given to you will only ruin you. Nigella wants her children to earn their own impressive net fortune in this world and not be given it.
Michael Bloomberg – the charities will be the fortunate ones
The former mayor of New York City is one of the richest men in the world with an estimated net worth of $49 billion! The businessman and politician is also a big philanthropist who also pledged to give at least half of his fortune to charity as part of The Giving Pledge, which was initiated by Bill Gates. It seems like his daughters, Emma and Georgina will have to be satisfied with only half of their father’s wealth. The billionaire also stated once that ‘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.’
Bob Marley – an ugly battle over his fortune
The reggae sensation was a firm Rastafarian, and as part of the Jamaican movement’s beliefs, Marley did not prepare a will. That decision didn’t turn out to be a smart one eventually, because when the singer sadly passed away in 1981 after battling cancer, his then wife took things into her own hands when she tried to forge the documents. This nasty ugly over the singer’s fortune has been going on for years and his family has been trying to gain control over his assets and rights to his name.
Martin Luther King Jr.- his family sold him out
The civil rights activist and Noble Peace Prize winner was tragically assassinated at the age of 39. The famous activist who delivered the famous ‘I Have a Dream Speech’, did not leave a will and his estate was later taken care of by a for-profit organization. His family was also in an on-going battle to win his fortune. The ugly battle caused them to sell all of his intellectual properties as well as his personal belongings.
Larry Ellison – his children are already millionaires
When you are listed as the seventh richest man in the world, you know there bound to be some trouble when it comes to your estate after you’re gone. Businessman, philanthropist and Oracle Corporation co-founder has an astonishing net worth of $55 billion. Ellison, like many other wealthy men, joined The Giving Pledge. That should be fine with his two children, Megan and David, who have done pretty well for themselves.
Pierre Omidyar – billions will go to charity
What would the world do without the most famous global e-commerce corporation? It’s like our lives are divided to before and after eBay was founded. The founder, Pierre Omidyar is worth an astonishing $7.6 billion. Omidyar once stated that since they have more money than they actually need, there’s no need to pass it on to future generations when it can help so many other organizations.
Elizabeth Taylor – millions of dollars to charity
The legendary and classical actress who rose to fame in the 50’s was not only known for being married eight times! she also was a very successful star with a net worth of $600 million at the time of her death, back in 2011. Taylor was also known for being a big HIV/AIDS activist and reportedly, most of her money went for those causes. In turn, this left her family fighting over the actress’s estate as they only received a small portion of her fortune.
Ted Turner – breaking news – nothing for the kids
CNN founder and media mogul, Ted Turner, was a big philanthropist and his Turner Foundation which he founded in the beginning of the nineties, deals mostly with environmental issues. The philanthropist made sure that his children would all be involved in his foundations, however, the 78 year old had stated that when his time to leave comes, all of his wealth, will go to charity, rather than to his five children.
Prince – his siblings won the jackpot
Another music legend who sadly died in 2016 and shocked the world by his death was the talented singer, actor and dancer, Prince. The versatile performer was even named as ‘the most influential artists of the rock & roll era’ by Rolling Stone magazine. The singer had no written or documented will when he died and since he didn’t have any children, it was reported that his estate, estimated at $300 million, would be divided between all of his siblings and half-siblings.
Joan Crawford – her adopted children were left out
The Academy Award winning star who rose to fame in the 30’s had apparently more dark secrets that you can expect of a classic actress in Hollywood. The actress had caused some major controversy when she left her two adopted kids out of her written will. When she died, her net wroth was estimated at $2 million, and only her biological children inherited some of that sum of money, $77,000 each to be exact. Till this day, it’s still a mystery why her adopted children were not included in the will.
George Lucas – Star Wars creator will donate it all
The 72 year old is in charge of the inconceivable success of the Star Wars franchise as well as the Indiana Jones one. The filmmaker’s fortune is estimated at $5.4 billion, and just like his fellow philanthropists, Lucas also pledged to pass on a big part of his fortune to charity. He even wrote a letter in 2010 stating that most of his wealth will go to the improvement of education. Moreover, it was revealed that his $4 billion that he had gotten from Disney would be donated and not split among his four children.
Jackie Chan – wants his son to work hard
Chinese born actor and martial arts professional, literally made a career and a fortune out of his passion. Chan made it big in Hollywood all on his own and it took him some time to become the mega star that he is. Due to the windy road that he has gone through to make his own money, the actor believes that his 34 year old son, should also work hard for his money, therefore he is planning on giving away his money to charity.
Warren Buffet – just enough for his children
Alongside his co- philanthropists from the billionaire club, Richard Branson, Michael Bloomberg and Bill Gates, Buffet, the second richest man in the world, has also pledged that he would give most of his fortune to charity work and other foundations. Warren Buffet, who’s wealth is estimated at $78.9 billion has stated that specifically 83% of his fortune will be left for the Bill and Melinda Gates Foundation. According to the billionaire, he claimed that he wants to leave his children just enough so they could do anything but not enough so they’ll feel like they don’t have to work hard any longer.
Mark Zuckerberg – wants to share his Facebook shares
Facebook founder, Mark Zuckerberg, who is also one of the youngest billionaires in the world, has really changed the world when he founded the online social media networking service. His wealth is estimated at $54 billion. Zuckerberg has pledged to donate more than half of his fortune and his Facebook shares while he still alive. We wonder how much he will leave his one year old daughter.
Steve McNair – his sons almost left with nothing
The NFL player’s death shocked the football world when he was shot to death by his mistress back in 2009. The former quarterback, who was also named Air McNair, was one of the most beloved players in the world. McNair had reportedly no will left behind (perhaps because he was only 36 when he died) and therefore his two sons were almost at risk at not receiving anything of his $19 million fortune. Eventually, their court ruled that the money will be put in trust funds as they were still minors.
Andrew Lloyd Webber – mostly to art programs, the rest to his kids
Sir Andrew Lloyd Webber, famous for his works of composition in theater, is worth an estimated $1.2 billion (that’s with a B). Webber’s most well-known production is The Phantom of the Opera. While Webber is a very wealthy man, he is planning on leaving most of his impressive fortune at the hands of art programs. He stated that he will not leave his family wanting but that the majority will be given away.
James Brown – left his family nothing, they went to court over it
Iconic musician James Brown passed away in 2006 as a result of congestive heart failure. When he passed away he was worth $100 million. His family – seven children and fourth wife, were livid to learn that James left them absolutely nothing, having stated in his last will and testament that the fortune was to go to underprivileged children in Georgia and South Carolina. The family went to court over the will, contesting the decision within.
Paul Walker – his teenage daughter will inherit his $25 million estate
The world was in complete shock when the gorgeous Fast & Furious star was tragically in a fiery crash back in 2013. When he was only 40 years old he left a teenage daughter, an estate and $25 millions behind. Before his sudden death, Walker made a trust-based estate plan, luckily for her. Meadow Rain Walker was named the sole beneficiary in his will. She is set to have her grandmother as her guardian.
Barry White – no will, his wife and girlfriend fought over his money
When legendary musician Barry White passed away back in 2003, he left behind a wife he was separated from, a girlfriend, and five children. White did not leave behind a last will and testament, leaving his family to fight for his money, or more like his estranged wife and girlfriend to go at it. At the end of the day the courts ruled on behalf of White’s wife as she had legal say over his money and his girlfriend did not.
David Gest – left his money and collections to his attorney
We know David Gest best from his short marriage to Liza Minelli. However, Gest was a well-known music producer, television personality and comedian (when we weren’t looking). When Gest passed away in 2016, he was worth around $10 million. Gest didn’t have a wife or children at the time of is death resulting in Gest leaving his money and expensive collection of memorabilia to his attorney, Edward Bearmann. Gest’s sister got jealous when she heard about that transaction and took Bearmann to court, to no avail of course.
Paul Allen – his billions of dollars will go to scientific research
Microsoft co-founder, Paul Allen is planning to follow in his business partner’s footsteps, and donate a major sum of his wealth and fortune to his unprofitable research foundation, as part of the giving pledge. Allen’s net worth is estimated at $18.6 billion and with so many ventures and humanitarian associations, he must have a very good lawyer to keep him safe, money wise. His ventures include Institute for Artificial Intelligence , the Institute for Cell Science and more.
Sara Blakely – the young billionaire joined the giving pledge
The founder and CEO of Spanx made billions from selling her intimate line of apparel to women across the world and making them feel empowered, almost like she does. Blake focused her incredible success on philanthropy by helping homeless girls and women find jobs and integrate in society. Sara, who was very much inspired by Bill Gates after seeing him at one of his dinners, decided to join the famous giving pledge and donate a majority of her wealth to charity.
Alexander McQueen – left everything to his dogs
Renowned fashion designer Alexander McQueen shocked the fashion world when it was announced that he had killed himself. Demons were constantly on McQueens shoulders but the creative genius was very private about everything that had to do with his private life. After he died, most of his fortune was given to his beloved dogs! He had a bigger heart than he lead on after all.
Adam Yauch – no one could use his music or likeness in advertising
Adam Yauch, member of the Beastie Boys was always very protective of his music and his privacy. When he passed away at the age of 48 in 2012, his last will and testament stated that no entity was allowed to use him music or his likeness to be a part of an advertising campaign. That is a pretty specific and strange line in his will, especially since he wouldn’t be here to see it happen.
Sonny Bono – four wives and five children
In the case of the late singer, producer and politician, things could have gotten quite messy in terms of his estates being divided as Bono was married four times throughout his life. His most famous marriage was to his second wife, Cher, who was also the other half of the Sonny and Cher duo. Since Bono never left a will, after he passed away at the age of 62, his estate which was estimated at $2 million was battled over for years. Eventually, his fortune was split between his five children. (click NEXT to see Cher’s will).
Cher – homes to estranged children
With an over $350 million net worth and properties all over the globe, one wonders how Cher will divide up her fortune. Along with this, add to the fact that Cher is not the picture of health which she once was, and is currently in her early 70s. We got some clues as to how she will allocate her fortune, as she has recently bought homes for all of her children and given her Malibu home to her sister.