Celebrities who disinherited their children

Shaquille O'Neal
'We ain't rich; I'm rich.'
The reason? Work ethic
See which celebrities decided to disinherit their children
Elton John leaves his fortune to charity
Bill Gates: charity
Ashton Kutcher and Mila Kunis
Jackie Chan disinherited his son
Barron Hilton: Charity
Gene Simmons: 300 million
Aaron Spelling
Sting: 100 employees
Gordon Ramsay disinherited his children
Pierre Omidyar: Giving Pledge
George Lucas: charity
Simon Cowell: teach rather than give
Philip Seymour Hoffman
Michael Bloomberg: charity
Joan Crawford
Warren Buffett: just 1% for his children
Yu Pengnian: culture of effort
Ted Turner: 2 billion
Oscar de la Renta
Andrew Lloyd Webber: no inheritance
Jerry Lewis disinherited his children
Mikhail Fridman: charity
Julio Iglesias
Mickey Rooney
Shaquille O'Neal

The biggest centre in the history of the NBA has a fortune of about 400 million dollars. He recently said that this money will not automatically go to any of his six children.

'We ain't rich; I'm rich.'

In an interview with The New York Post', Shaq said that "My kids are older now. They kinda upset with me. Not really upset, but they don’t understand." The reason? I tell them all the time. We ain’t rich. I’m rich."

The reason? Work ethic

"You gotta have bachelor’s or master’s," Shaq told his kids. "And then, if you want me to invest in one of your companies, you’re going to have to present it, boom boom boom, bring it to me... I’ll let you know, I’m not giving you nothing."

See which celebrities decided to disinherit their children

Some of them did it to give their children the best possible education, and others because they were sick of their offspring's bad behavior.

Elton John leaves his fortune to charity

The musician and his partner will leave £53 million to charity, because they want to encourage respect for work and money in their children.

Bill Gates: charity

Bill Gates has decided to donate much of his fortune to charity in order to give a valuable life lesson to his children Jennifer, Rory and Phoebe. This way they can understand the true value of money.

Ashton Kutcher and Mila Kunis

Ashton Kutcher and Mila Kunis: "We're not going to leave them any money. When the time comes, we will donate everything we have to charity."

Read about some other, unusual Kutcher-Kunis upbringing habits...

Jackie Chan disinherited his son

Jackie Chan decided to disinherit his son after he had served a six-month prison sentence for drug use. Chan will donate all his money to charity.

Barron Hilton: Charity

The late grandfather of Paris Hilton, Barron Hilton, withheld $100 million from Paris's inheritance to donate it to charity.

Gene Simmons: 300 million

The $300 million earned by musician Gene Simmons will be transferred almost entirely to non-profit organizations after he dies. He wants to help his children learn to "fly" on their own and to follow their own path.

Aaron Spelling

When Aaron Spelling died in 2006 of Alzheimer's, his daughter Tori Spelling found out that she had been disinherited. Of the $500 million the father left, only $800,000 went to the actress's account.

Sting: 100 employees

Sting won't leave his children any money. There is one simple reason for that: he is going to spend everything on the more than 100 persons on his payroll, to whom he has his obligations.

Gordon Ramsay disinherited his children

The Ramsays decided to disinherit their children to protect them from the detrimental influence of big fortunes. The kids will only receive 25% of the value of a house.

Pierre Omidyar: Giving Pledge

The creator of eBay supported the "Giving Pledge," a 'Donation Oath' by a group of billionaires. He plans to transfer all his funds to a charitable foundation.

George Lucas: charity

George Lucas has promised to transfer all his assets to non-profits for the benefit of society.

Simon Cowell: teach rather than give

Simon Cowell doesn't believe in the custom of inheriting money from one generation to the next. "Your legacy must be to give people many opportunities. If you give them your time and teach them, it will be the greatest inheritance”.

Philip Seymour Hoffman

Philip Seymour Hoffman left all his money to Mimi O'Donnell, his ex-partner and mother of his three children, so that the kids would not be spoiled.

Michael Bloomberg: charity

Michael Bloomberg signed the "Giving Pledge" and intends to transfer his entire fortune to charity. That's $34 billion bequeathed to non-profit organizations in the fields of health, education, science and others.

Joan Crawford

Actress Joan Crawford died in 1977 and deleted two of her four adopted children from her will. One of them, Christina, then decided to write a scandalous biography about her mother: "Mommie Dearest."

Warren Buffett: just 1% for his children

Buffett will only leave 1% of his fortune to his children so that they won't lose the inspiration of doing something in life for themselves.

Yu Pengnian: culture of effort

The Chinese millionaire Ye Pengnian was another accomplished man who advocated the culture of effort. He bequeathed almost all his money to his foundation.

Ted Turner: 2 billion

With over $2 billion in assets, the media mogul lives on the edge of poverty, because almost all of his money belongs to foundations.

Oscar de la Renta

Weeks before his death, Oscar de la Renta modified his will so that his son, Moses de la Renta, would only get a tiny part of his estimated $26 million.

Andrew Lloyd Webber: no inheritance

None of Andrew Lloyd Webber's five heirs will receive his hefty fortune. His capital amounts to $1.2 billion.

Jerry Lewis disinherited his children

Jerry Lewis disinherited the grown-up children he had with his first wife, to whom he had been married for 36 years.

Mikhail Fridman: charity

He is one of the richest people in Russia and has also decided to leave his four children without inheritance. His $10 billion which will go to charity.

Julio Iglesias

Apparently, the relationship between father Julio and son Enrique was not going so well after Enrique jumped to fame. He had not consulted his singing father, and this bothered the old Iglesias very much.

Mickey Rooney

At the time of his death in 2004, Mickey Rooney assets were barely $18,000. He decided to disinherit his eight children because they were all richer than he was.

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