Celebs Whose Kids Won't Inherit Their Wealth

By Jake SchroederLast Updated Apr 2, 2020 5:30:35 PM ET
Llplcg7reusmubqr97hz6b2zez5krzm6dw 04y0c 1hjgrvpm313ocrs2wdcnhrwrnyiehgx Pqvlqav Rl Qg3x2jw8 Zpwvrwvabeuc98ljcaik94r0pujjfxn7ed0xba Db5ejuj9cncafw
Photo Courtesy: Walt Disney Television/Flickr

Most parents want to leave a little something for their children, even if they don’t have much to give them. It would be easy to assume that wealthy people want to do the same — turning their kids into instant millionaires — but that’s not always the case.

Sometimes, the rich and famous have different ideas about how to use their money, leaving their kids with little or even no inheritance at all. Check out these famous parents who are not leaving it all to their kids and learn more about the reasons behind their decisions.

Warren Buffett

Warren Buffett, a.k.a. the "Oracle of Omaha," has made quite an enormous fortune during his lifetime through great investments and hard work. Currently, he has a net worth of $90.6 billion. He didn’t start out wealthy, however. In fact, he made most of his money after he turned 50.

Chlvvhguez8qzvumoknwlf3luphpoewwozza6oqusv1cbgxohw4e9rtwv Notg174ordwsgyt2emusztuxcdnjr5ffnhzhem0nttfpca4ijpdgwlbvmgm1emyy Cmgp0ptzd4irxrxvk4uat0w
Photo Courtesy: Charles McCain/Flickr

Although his children and grandchildren have benefited to some degree from his wealth, they won’t be inheriting all of his money when he passes. His children will inherit $2 billion each, and the rest of his massive fortune will go to charity. Impressive!

Jackie Chan

Funny man, actor and martial artist Jackie Chan is a very accomplished and lovable actor. For more than five decades, he has worked on many movies as the star, stunt man or sometimes both. His impressive career has netted him around $400 million.

Mhrdet1kezeo03neblnnu06gt Bg8kr480ipe Pqwgov1z50lw Wzujxyil3z Vashibnjz1sy21pkeval7nghj Aw64hgvqhomhnk2jexpp2iw1cq7ke6fhijkywgev9anpszs5dk1x0cmhpa
Photo Courtesy: Walt Disney Television/Flickr

Chan has decided to give 100% of his wealth to charities when he passes. When asked about not leaving any of his money to his son, Chan replied, "If he is capable, he can make his own money. If he is not, then he will just be wasting my money."

Michael Jackson

King of Pop Michael Jackson was a success by any standards. When he passed, his net worth was reported to be around $500 million. He didn’t leave it all to his kids, though. Jackson split his fortune between his mother, his kids and the charities he supported.

Ewwj3elc3rtm 9r8oui5ydug99eraat11q2oafcrzg2ha0v6lpi Wksdzzmv746nb5pqmh8znnqesdccvcvau8uqjbra1uyoyyq3htmad3r85z3l8u Jtkrc6mc3b Hhgbc2unjios5jvlil4a
Photo Courtesy: CelebrityABC/Flickr

To be clear, his kids certainly aren’t suffering, by any means. Thanks to his continually growing estate, they receive millions of dollars each year as an allowance to spend as they wish. It’s not clear whether Jackson realized how much his kids would inherit overall.

Gene Simmons

Gene Simmons is well known as the member of the rock band KISS who always had his incredibly long tongue rolled out. Although he made tons of money with KISS, he added to his wealth with other ventures throughout the years, bringing his net worth to more than $300 million.

Dd7iawzyqdw4gzbxivs7uczxxsaligyxkd Oyqkfayafo6l5kqamug6ojtrpnqarg8agjaam Uc V0ojsfdfrggevoxnnwkiiixcd Wcjqr6rizevynaii74 Metliwttccro948 Yrir2t8bw
Photo Courtesy: Ralph_PH/Flickr

Simmons stated that while his kids will be "taken care of," they would not receive most of his wealth. He says that his kids, like everyone else, "should be forced to get up out of bed and go out and work and make their own way."

Tony Curtis

Tony Curtis started his acting career in 1948. Over the next 60 years, he was in more than 100 films, including Some Like It Hot and Spartacus. He married a total of six times and fathered six children, one of whom is the beloved Jamie Lee Curtis.

Ausymk Vj72slsgun3bxry4owzgmsnqbzshjj3slml3eozzorl Xlb8e6zy2zw4jdzcncfd 7tmwarwk0krv1oll9sso0dghriqptdmpt1lk4vm2ltx2ry7ytgwreircaofxqbd0g5uom0jr5w
Photo Courtesy: Rach/Flickr

Upon his passing in 2010, Curtis’ $60 million estate went to his sixth wife, Jill. Before his death, he wrote her into his will and completely disinherited all six of his children. He did not give a reason, and it caused a lot of tension in the family, as you can imagine.

Ashton Kutcher

Ashton Kutcher and Mila Kunis are two very talented and successful Hollywood actors who have amassed a fortune of around $200 million. The couple has two kids together. The oldest is only 15 months old, but they have already made some major parenting decisions.

U8y8mypukshmm04jukz14yabrapewdj5csswdja020lgp78zimyjmnysfzstazzxhvrtqel4k2vo8djmxtfwadylvhbue 3xcnu9iajwae8vofswfli07z8ll7dpm6if1kdoxyczjpnibyqzng
Photo Courtesy: JD Lasica/Flickr

The big one? Their little ones won’t be growing up completely spoiled and won’t get Mommy’s and Daddy’s entire fortunes. Kutcher stated that he will happily invest in any well thought out business ventures his kids bring to him, but the fortune will be going to charity.

Bill Gates

You would think that being the child of Microsoft founder Bill Gates would mean you’re set for life, but they need to be good money managers for that to be the case. Although he and Melinda have a net worth of more than $100 billion, the kids are only receiving $10 million each.

Eqfoiqvmqrl9kz2mgnr0tcwfb72fnqroj5juewe3fvtvze8aqlx8ht Ry Y 4ql5cdcmhcp8glg V3prebvuwb70fqs4foza3ppyje Ktk9jn6nivwuplktezmyb4xqxlgbq7rax5oflhdjg0g
Photo Courtesy: G20 Argentina/Flickr

Admittedly, that is still a large sum of money that the kids can definitely grow into something much bigger if they manage it wisely. The rest of the couple's fortune is going to charity.

Kevin O'Leary

When Shark Tank's Kevin O' Leary graduated from college, his mother cut him off financially. That move inspired his many successes. Now, he uses the same tactic with his own kids. O' Leary says he is responsible until the last day of college; after that, they are on their own.

D02g Omur3x5slixwrgbqvvoby6snyvt6vcxazlrflgcvtuiq36 Ezyugyyxakikxvba2omfsnliv1t2dziezwgegt4nva9ey5v88 C Fywjb6 9dchx2a4kl596flm0gaxxqbjb1ymwymedyq
Photo Courtesy: Randstad Canada/Flickr

His reasoning behind this? In an interview, he said, "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?"

George Lucas

George Lucas, the creator and producer of the Star Wars and Indiana Jones franchises, lined his pockets quite heavily upon selling the Star Wars franchise to Disney. His current net worth is more than $6 billion, but it will not be going to his four kids.

Vrbgs0yd7qv4iz7npizi6ccphfv Syhwzl4nnihmxxcx022snvn S1hhalnahqjs53jy6hlid7ztjgph0trsw9dzdaujmljm4 Ddltcbdclinegbdfsuxdda0nxjxmdrzowf6has1rsvhvsxq
Photo Courtesy: JL Watkins/Flickr

Instead, he is giving it all away. He signed The Giving Pledge in 2012, with a commitment to donate half his fortune to charities. Since then, he has founded a charitable family foundation, and he and his wife completely funded the Lucas Museum of Narrative Art in Los Angeles.

Sean Connery

Sean Connery, better known as James Bond, had a less than desirable childhood. After hard work, determination and a lot of odd jobs, he made his way into modeling and acting. His success has earned him more than $350 million in his 60-year career.

Nh8ud8hlhuy6qii 1d5jivusjh5 Psvtldutt5zbeu8a3dasnpcqsacujp 77xs26wjkbugy9gsbfgb Jf30jeue9urea0f32fbsd0ng6touqzqrifowcl 3zufgbtibo M4kddegilyqn5rzq
Photo Courtesy: Alan Light/Flickr

There are rumors that his son Jason won’t get any of that fortune. Jason himself told The Telegraph that his father had "earned this money through nothing but his own tireless hard work, and what he does with it and who he gives it to is completely up to him."

Elton John

The talented musician and writer of the beloved song "Can You Feel the Love Tonight," Sir Elton John has earned hundreds of millions of dollars during his career. His two little ones won’t be getting the full fortune upon his passing, however.

Hksbfm5vf4tfoqrbghceh6gbhlcl2boq9vfadamdlnw8maabyi0fca4xczxey4mjpz7dtrcjsppszozww0ilfktd3zwdu3b Nhsvqsegjd7oztygnw09p4i3vnk20yhzkmrfzir3fuedpsbfta
Photo Courtesy: Raph_PH/Flickr

John and his husband David have decided to instill the principle of hard work and the value of money into their boys. According to the couple, their children will receive enough to be in a "very sound financial state." The two are currently deciding just how sound that state should be.

Andrew Lloyd Webber

Composer for The Phantom of the Opera, Cats, Evita and more, Andrew Lloyd Webber has achieved a net worth of $1.2 billion. According to Webber himself, he doesn’t believe in inherited money, as it teaches kids not to work. He has five children, none of whom will be inheriting those billions.

Wqm8dmwvebhfy5ui75svr2wafwijizfk6l7rf4zkaqpeoyf3ath0bwogrooqlvnxajnejkso6sjug Ufd2jxjjnmtu4f3ahochtv231ymry1 Qyg02qnywl4n6cjsc1jdybnezvkkndtfzphea
Photo Courtesy: Tracey Nolan/Flickr

He isn’t completely leaving them out in the cold, however. Webber said he will do all he can to give his kids a good start in life, but living the good life will depend on their work ethic.

Mark Zuckerberg and Priscilla Chan

Mark Zuckerberg, co-founder of Facebook, and his wife Priscilla Chan, a successful pediatrician, are quite the couple. Their careers have netted them more than $70 billion, of which only about 1% is set to go to their kids. Zuckerberg and Chan have committed the other 99% to several charitable endeavors.

Z1imkkxmpzmoxcismzrt019houv2osgcanokqmfmibkyjzdogpmdxdj9ceyifrg Nfro20vspakx Lt5jwgtryjtvemah59tfy 4 Jqaa 5rmjfh3i5trauu99aa8x93nh6f4kw48xsbiu4g6w
Photo Courtesy: Anthony Quintano/Flickr

Part of the reasoning for this is to make things better for their kids. Instead of leaving them a fortune, the couple feels it's more important to invest in making the world a better place for their children as well as others.

50 Cent

Curtis Jackson III, a.k.a. 50 Cent, has taken his oldest son out of his will. Over the last several years, some ongoing drama has occurred between father and son, leading to 50 publicly disowning Marquis Jackson and saying some pretty nasty things on social media.

Glwjonzpir2 Py12gjztrx Joiqgqb3u2sp8eqxf1oonuaybmp1tfjgexsydecbqmbf82ygfiqlfobcywg4juucb23gla1dylmbiosuurntmlzyl5oqdv8ulskxiz3i30kappebwq9 Vw Htja
Photo Courtesy: Top Streetwear/Flickr

Even with the public battle raging, it’s hard to determine what exactly started it. The rapper stated that a DNA test proved Marquise was not actually his. Whether that is true or not, he says Marquise is not getting any of his $30 million wealth.

Marlon Brando

The Godfather actor Marlon Brando amassed a fortune of around $100 million throughout his 60 years of impressive acting. He also fathered 11 children, but it seems like two of them didn’t get a dime. In fact, it’s not clear whether the other nine got an inheritance either.

K1 D1wzpuaqreins9h2otzmueflrdh8afz4 Nlpsvejqe6g6w4dq6wbrcxp Avyujhwxv8dqo 7ttlpvynxkdumd6ofgn Nrmvdkvue Qpv3khfm8jbupxtufehswc5jusainz4w64oj827 Gg
Photo Courtesy: Margaret Guilory/Flickr

At the time of his passing, most of Brando's children were either dealing with trouble or causing it. He didn’t seem to feel comfortable leaving his wealth to any of them. Instead, he chose three friends to be executors of his estate.

Mickey Rooney

Mickey Rooney graced the screen from the era of silent movies all the way up to more recent films, such as Night at the Museum. During his career, he made a pretty good sum of money. He had eight kids and a stepson.

Zukesp Vyocc6lc Vinakhodas8oiv59cdrotj2tdmtfnqrrm1e2y5hf8pkm97wagfok2r5 Gde2gmxd4f2hhamvj43jdenkwnbtwyrgywjtdlaizspw3igccoy Yiqhxqu41llmhwxembhuvw
Photo Courtesy: The World Famous Comedy Store/Flickr

Mere weeks before his 2014 passing, he changed his will to disinherit all eight of his biological children, and it's not clear why. He left all he had to his stepson, who was also his caretaker. When it came down to it, however, there was only about $20,000 of his former fortune left to inherit.


Sting is an actor and a musician in the band The Police. Although he has amassed a net worth of around $400 million, he started his career with a series of less well-paying jobs, such as construction worker and teacher.

94yc3wkcesnbntiq 9fzlgwjsqbohmod2zof2qr Zvwyiy1r7u6dbdz5wnzytkur7v3hlz6n2yefd5ves4md6k9f2wjk G Cdczacrypnwhyawexssdnn8aj8shl2cmplffglv8jezmjc1hhua
Photo Courtesy: Mike Maguire/Flickr

Sting said he and his wife are enjoying the money he made, so there won’t be much left for his kids, but he will still help them if they need it. However, their six kids inherited a good work ethic, so they rarely need to ask him for anything.

Andrew Carnegie

Andrew Carnegie is known as one of the wealthiest Americans in the country's history, thanks to his fortune that would be worth almost $400 billion today. He got rich expanding the U.S. steel industry and various other ventures.

J9kdx5nmjwefpkxgiyzc4wszzmygty8fojm6 5n4iuxde2mhknussli34rrhh6ogujiezwfsyrafwsefvx9ufuwpeovf4eipehstlfxxnmgdf Bbvdidy7l E Kxpzpueixkain13 Os6ydiq
Photo Courtesy: Library of Congress/Wikimedia

Carnegie became quite the philanthropist at the end of his life. He gave away about 90% of his fortune, leaving the other 10% to his family. To be fair, that 10% was obviously still a huge amount. He called on other wealthy people to give as well.

Joan Crawford

Famous Hollywood actress Joan Crawford made a name for herself on screen. She was beautiful and talented and able to play a variety of roles well. Her career earned her a net worth of $2 million, and she adopted several children during her life.

Spmp62e6r8q732ze5m1btrngzt7zxqv76etzclxmmguvmgryw8ie9nbgrnboupbguhjnkpxyofe9zmphhau4sf9y7qdojfqegsjmu1ye 5ub3ruvmw Cncyk 4bzry2oyll3vt36jruueldsxa
Photo Courtesy: MGM/Wikimedia

Upon her death, only two of the children inherited anything. The other two took the matter to court and won $55,000 each. Why did she leave them out of her will? That's not clear, but she was often accused of being abusive. Perhaps cutting them off was just another form of abuse.

Simon Cowell

Simon Cowell, the mind behind X Factor, Britain's Got Talent and America's Got Talent, just became a father a few years ago. Throughout his career, he has earned a net worth of $500 million. However, little Eric probably won’t get that inheritance.

Bbmyx0txlbzl3v13seiwaa Qsjhtwqjjw0gmycxg6nubqu6ooesjmuji10n7expguqyuaw9rn11xc0tdskxprqq5s6ynckn5xl8p8 Tide7bdolcywrslrrzrjwmobgzmvj88wpwhgmbeshozw
Photo Courtesy: Ian Lawrence/Getty Images

Cowell said he doesn’t believe in passing wealth down from one generation to another, and he would leave his money to charities. He did say that before he became a father, however, so it will be interesting to see if his attitude changes.

Nigella Lawson

Celebrity chef, journalist and author Nigella Lawson is also a mother of three kids. Through hard work, she has built a net worth of more than $20 million, and she has decided that her kids won’t be receiving that fortune upon her passing.

Z1vs8cimdalfsagvm459qj3kieftotqrrxvjg9b1v29v1frh3yxekxtbgfzk9hmfewrccld2a 9 Olf7sobektdq4efs2njg8eq7r9leasrdmfinuzexdfqvksgurjw0l73jt8led F3xrsdzg
Photo Courtesy: Nigella Lawson/Getty Images

Lawson feels that when kids are just handed a fortune, it potentially ruins them because they have no motivation to work. Without giving any specifics, she did state that the kids would not be cut off completely, but they should probably not expect enough to live on forever without working.

Gordon Ramsay

Gordon Ramsay is a very famous and successful chef, but he is probably more known for his angry outbursts and his not-so-kid-friendly rants. He makes millions every year, adding up to a net worth in the billions, but he and his wife agree that it won’t go to their children.

5umtnc0tlj5ts9y Avfe Vkhcb4fvugfdl9udcctlor4hrmu6wpbbakrw10ec Zmhb8acld8hpdcytebvjar45ku2nlon3lfrz4nupe Xn6tqcxrlyavnfrji4mvfn2kxcom5nn46mokglejug
Photo Courtesy: YANN COATSALIOU/AFP/Getty Images

The couple is against spoiling their children, even making them fly economy while their parents enjoy first-class. Ramsay says they have not worked hard enough for first-class yet. The couple did agree they would pay 25% down on the kids' first flats.

Gloria Vanderbilt

Gloria Vanderbilt grew up living a life of fortune as an heir to a very gigantic family fortune. Even so, she worked as an actress, an author, a fashion designer and more to further grow that wealth. None of it went to her son when she passed away.

Wbrbdkawboqsdvlqucvqxegcgtkfbf 16d Stkndhdszzsupnwkgo43u Qh2gp3emkvzfkzfmid5zc827nzbxal3fejl93bdergcu5cbl3k9yyn44xru5zczo1iil2ktnsc097ebgr37dtlrrq
Photo Courtesy: Charles Sykes/Bravo/NBCUniversal/Getty Images

Anderson Cooper stated his parents paid for everything through college, but he had to make his own living after that. It seemed to work out for him as he became a famous CNN anchor — one who graduated without any student loan debt, of course.

Aaron Spelling

Aaron Spelling was the very successful producer of hit shows like Charlie's Angels, The Love Boat, Starsky & Hutch, Melrose Place and, of course, Beverly Hills 90210. He was also actress Tori Spelling's dad. He amassed a $600 million fortune throughout his career.

2j6wxezatljcuxnknwzivrzjvvqfbkmqdiuz7u2ccmge4kxe7kma8h 0hj87wkcokzqwm7ibgishjpzqgjihk0rmvn2ruuw4s9uo0ee Thsxksnn9me5ieteqtciskxgqu8fpd7d7gici14u W
Photo Courtesy: Paul Harris/Getty Images

Spelling chose to spoil Tori and his son, Randy, when they were young, but he regretted it later in life. The two had terrible spending habits, and he feared they would squander away all of his wealth. When he passed away, the duo only inherited about $800,000 each.

Davina McCall

Fitness model and prior presenter of Big Brother, Davina McCall says she is not leaving her kids any of her wealth. Her net worth is around $4 million, and she plans on enjoying the money that she worked hard to make.

Qxhaoyki0flktch9o8trponvkqpigikaamifspttjrfdm8ecxpgjows Wd8kdi0rrv08wzwdazdp37i Ufbnhum Bdvjh37pq7kkvn Lpnmmvfxjeeznpmnirpytmzcp7ejt9nkuwmgg0ywiha
Photo Courtesy: David M. Benett/Getty Images

McCall told her kids they will have to stand on their own two feet. However, she likes using some of her money to treat her kids and enjoy some family trips. She is even planning to take their future families on vacations too. She just isn’t going to pay their bills.

Robert Kardashian

Robert Kardashian, a.k.a. Kim K's dad, was a successful lawyer. In fact, he was one of O.J. Simpson's defense attorneys. He and the girls' mother were divorced, and Robert had remarried. He passed away in 2003 due to cancer, leaving his $30 million estate to his new wife.

Wqcbe6cxt 3audzvnohys5dasscq3tnrfsfsw1qnla0utxuz Lidco3gzwoejijvieufq3i98gp6bfruq4l5lkvtjfh6ylxngtn7jknoeulyotb8zf6qmshafp Wlbyjh9xx4wjvg7aggsib7q
Photo Courtesy: VINCE BUCCI/AFP via Getty Images

According to several reports, he left nothing for Kim, Kourtney, Rob and Khloe. His kids were convinced that his new wife had forged his signature on a new will, but the courts disagreed. No worries, however, as they all built their own successful careers.

Barron Hilton

Barron Hilton, the heir to the Hilton hotel chain, carried on the business his father built and expanded it. All of that work added up to a net worth of more than $4.5 billion. He left 97% of that amount to charity.

Jm80x6wcltwkbo4omlxxitt1zqqvvd17mbwlmookxvkkd6yiekrau7h6w2hoplul Ylwrsgmgxf38er8yk1iwahrjmbjd5tdxhxynhw98h3kplletr8rfqrz9gg2jwd4oxig6wq3gdnwglmwmg
Photo Courtesy: Jean Baptiste Lacroix/Contributor

The other 3% was to be divided among the family. Some say he was merely following in his own father's footsteps. Others say he changed his mind after Paris and Nicki embarrassed the family — specifically with sex tapes. No one seems to know for sure, of course.

Philip Seymour Hoffman

Philip Seymour Hoffman was an actor in movies such as Boogie Nights, Capote, The Big Lebowski and Scent of a Woman. He decided early on that he would not leave his children with trust funds for them to grow up spoiled.

Lovo6r9x3qnv6sydoi0skaykenv1xkrunc2hxq 8ijfudyiounec8uidygfq4qt Isahobaftyugy2sz4bmtpa3ccomcgp1u7sok33iprxl4gkx2ckppnoemqrsmdkdzxvcbvkgbdvunxgidtw
Photo Courtesy: Mark Mainz/Getty Images

Hoffman died of a drug overdose in 2014, his estate did not go to his young kids. He did, however, leave his $35 million to Mimi O'Donnell, his partner and the mother of his children. Thanks to this, his money is still taking very good care of his kids.

David Cassidy

Famous musician and actor from The Partridge Family, David Cassidy had quite an eventful life. He became rich and popular in the ‘70s, went broke in the ‘80s and then worked to rebuild himself and his wealth. He had two children: Beau and Katie. Only Beau inherited his daddy's money, however.

Rcuy3qgfqzh1fzprevkqvmzvtcl Ggaocryzf4gy6fx8tfrzyvhfcqsc42qdrfz6c N3kwuqukj59ot3kta G6zkrexzhglt05dcz5c Qsz5ygurwufvs W6qg5o1cliqb1h5o1ax G1j3j1g
Photo Courtesy: Rick Diamond/Getty Images

Considering Cassidy wasn’t exactly around for most of Katie's life, you might think he would try to make it up to her — apparently not. Katie doesn’t seem to mind though, as she refers to him as a "good friend" and not her father.

Jerry Lewis

Jerry Lewis was a beloved entertainer for a very long time. When he passed away a couple of years ago, his six children from his first marriage did not receive a dime of his $50 million estate. In fact, those children were excluded from his will in a very clear manner.

7zpaeumxjz7he4zkzr7otjmq0jbxzj6mu8p4yjvcchk4k0ztghv784ylw5pzv1fd5a2esrlg0f18l7sfl7tpfmrmn Y8 Cmx8vuvfuqq5pxho Y4pjunqc5fjhwphlcc25iamrn1dmmabvlhiw
Photo Courtesy: Larry French/Getty Images

Lewis' will specifically named those six children and stated that neither they nor their descendants were to receive anything at all. Oddly, as specific as he was about who was disinherited, he wasn’t clear at all about why he made this decision.