Billionaires deprive their children of inheritance for a better world

Get real time updates directly on you device, subscribe now.

Securing the future of children and trying to collect huge fortunes are the biggest concerns that control many people, and many business people spend the most important years of their lives collecting motivated money by leaving a big fortune for their children, a goal that many families focus on, but there are families of great fortune around the world, she decided not to let her children inherit her multi-billion dollar fortune.

The motivations differ, some decide to transmit this fortune to the public institutions which manage it for charitable works, and some decide to create under his administration institutions which manage this fortune for the benefit of charity and the fight against poverty.

Bill gates

Bill Gates decided not to give his children the majority of his estimated wealth of $ 110 billion, and to make it a very small percentage. Gates sometimes ranked first and second among the richest men in the world, has not intended to inherit from his sons since 2011, and explained his decision that his children should choose their way, and said in a TV interview that he did not prefer to leave large sums of money of this size to his children and that this could be spoiled and unnecessary for the sake of their future.

But fear for children is not the only path for Gates. He is also interested in charities. He and his wife, Melinda Gates, have created a charitable foundation to fight poverty, and she works with all her energy to achieve human progress in many countries of the world. The couple also helped sign a tender in 2010 that encourages the world’s wealthiest men to donate most of their wealth to charity.

Michael Bloomberg

Michael Bloomberg is the mayor of New York and a pioneer of journalism and the media, who recently pulled out of the 2020 U.S. presidential election.

Bloomberg’s wealth exceeds $ 50 billion, has only one daughter, and plans to invest his entire fortune in charity for a better future.

While signing the pledge, he wrote a letter saying, “If you want to do something for your children by expressing how much you love them, there is only one thing that is unquestionably the best. is to support institutions that will contribute to a better world for them and their children”.

Gordon Ramsay

The letters of commitment have encouraged many wealthy people to join this initiative, and the list of those who have joined dozens have achieved this commitment, including those who have taken other means to create independent institutions. to manage their charitable vision, including Australian chef Gordon Ramsay, who is one of the wealthy who refrained from inheriting their children, In fact, Ramsey made a point of booking budget tickets for his four children, while he and his wife enjoy first class and sometimes the same flight.

What Ramsay contributes financially to the purchase or rental of their houses is only 25%, and he assures the press that this does not mean that he does not spoil them, although he thinks that he’s been lucky in the last 15 years, which is the sum of his years of experience and wealth, and that doesn’t necessarily mean they can easily get it. That’s all travel respect to achieve all of this, according to Business Insider.

Mark Zuckerberg

Mark Zuckerberg’s fortune is estimated at $ 71 billion, and after the birth of his first daughter Max in 2015, he announced with his wife Priscilla Shine their plan not to inherit their daughter and created the Shane Zuckerberg Charitable Initiative that contributes to many societal activities in the fields of education and health.

Zuckerberg engaged in philanthropy, seriously and legally determined not to inherit his children, and on his Facebook page, he published a letter confirming that such community involvement is minimal concerning the size of the resources and global consumption, and the participation of other wealthy people who are determined to donate their wealth.

Gina Reinhart

Gina Reinhart is ranked as the richest in Australia with a wealth of 14.8 billion dollars, and Gina Reinhart inherited his wealth and his career from his father who worked in the field of iron ore discovery. And, by surprise, the court decided to completely deprive her four children of the inheritance because she was not convinced of their administrative skills, and the court ruled in her favor, and although she moved away from her father’s inheritance, she did not agree to pass on the wealth.

Reinhart has been included in many lists of power and money, and to date, she is at the top of the list of the richest people in Australia, and she was ranked 66th in the list of the most influential in 2014.

Simon Cowell

British journalist and businessman Simon Cowell has made it abundantly clear on several occasions that he does not intend to pass his $ 350 million fortune on to his sons and that he will pass the entire wealth on to charities related to children and dogs, and stressed that he hopes people will mention him as a person who loves kindness, and he does not see the importance of keeping His sons are rich, as he believes he does not believe that money depends on wealth from one generation to another as much as it is important to share it with all humanity and not only with the family.