No Financial Inheritance: Which Famous Heirs Will Have To Earn Their Own Millions
People tend to believe that children and relatives of wealthy stars have nothing to worry about their financial future, but there are many cases on which they end up with nothing. These are some examples. What the rich and famous decide to do with their fortunes once they die, as expressed in their wills, can say a lot about them. Sometimes their decision to leave somebody out of it can unveil family problems, but other times, they just consider their money will be of better use to a charitable endeavor. So with this in mind, let’s learn about some of the most influential people who made a point out of expressively excluding one or more of their relatives from their testaments. All you have to do is to scroll down!
The music producer and talent show judge, who is known for American Idol and America’s Got Talent, is all about his 5-year-old son Eric. He's the only child of the 59-year-old English media mogul with the NY socialite Lauren Silverman. And it seems that Simon is not only hard on contestants.
His philosophy on life has made him decided not to leave anything to him on his will. “I don't believe in passing on from one generation to another," Cowell told Mirror, explaining that he was thinking about donating his millions of dollars to a charity dedicated to vulnerable children or animals. He then added:
"Your legacy has to be that hopefully, you gave enough people an opportunity so that they could do well, and you gave them your time, taught them what you know."
Forever remembered as the “King of Pop,” Jackson had a turbulent relationship to his father Joe, who was reportedly abusive to Michael and his siblings both physically and mentally. So it is not surprising that the singer, who passed away in 2009 aged 50, cut Joe from his will.
Following the singer's demise of a drug overdose, it became known that neither his father nor his famous siblings (Janet, Tito, and LaToya) were included in the will. Joe even attempted to contest the document but to no avail. Michael's wealth was split between his mother, Katherine, his three children, and various charities.
Famous for his blend of comedy and martial arts, 65-year-old Hong Kongese Jackie Chan has made a big fortune thanks to his numerous films, but he is allegedly planning to leave none of it to his son Jaycee. The Rush Hour star revealed the news during an awards ceremony in 2011.
"If he is capable, he can make his own money. If he is not, then he will just be wasting my money,"
Instead, the Karate Kid actor would give it all to charity. And it seems that it'd be the best option as the young Chan has run into some trouble in the last years. Just to give you an idea, in 2015, he finished serving a six-month sentence after it was discovered he was "providing a shelter for others to abuse drugs."
Considered one of the greatest male actors of the big screen, the Hollywood legend left this world in 2004 at age 80. While he recognized 11 living children in his will, including Maimiti and Raiatua Brando, he explicitly excluded some of his close relatives. Those are his adopted daughter Petra and the teenage son of his late daughter Cheyenne, who did not receive any part of his $21.6-million estate, which includes properties, an LA hilltop house, and other assets such as sketches and paintings.
The Some Like it Hot actor is another legend from Hollywood's Golden Age who sadly who passed away in 2010, at the age of 85. After his passing, it was quickly revealed that he had left nothing to his biological children, which include his daughter actress Jamie Lee Curtis, thus making his widow Jill Vandenberg his only heir.
"I acknowledge the existence of my children … and have intentionally and with full knowledge chosen not to provide for them in this last will and testament," Curtis’ will, modified only a couple of months before his death, read.
Read more: Inside the Troubled Relationship of John Wayne and His Second Wife, Mexican Actress Esperanza Baur.
The Academy Honorary Award winner died in 2014, aged 93, leaving behind a long and successful acting career that started in his childhood. Mickey was one of Hollywood’s most recognizable faces and had more than 340 acting credits in the course of more than 70 years. Nevertheless, he did not leave the millions of dollars one could expect. It turns out that Rooney’s fortune had been reduced to just $18.000 by the time of his death, which he only left to his stepson Chris Aber, leaving his many children out of his will.
Why? Numerous sources claimed that the actor had allegedly been a victim of elder abuse in the last years of his life. Although the names of the ones who maltreated him were never revealed, some people believe that his eighth wife, Jane, is among the guilty ones.
And another tough-as-nails TV mogul is undoubtedly the Scottish chef Gordon Ramsay, who has been the star of many cooking contests such as Kitchen Nightmares, MasterChef, and Hell's Kitchen. And it seems that the cantankerous host does not believe in inheritances. Two years ago, the chef told The Telegraph that his children would not get a penny from his fortune. His decision is not a mean one but apparently a way not to spoil them. However, "the only thing I've agreed with [his wife] Tana is they get a 25 percent deposit on a flat, but not the whole flat," clarified Ramsay.
The restaurant owner also said that he expects his children to make their own wealth and clarified that the perks of his fortune didn't necessarily extend to his kids. "They don't sit with us in first class. They haven't worked anywhere near hard enough to afford that," Gordon claimed.
Wow! We would have never imagined that so many famous personalities who do that to their relatives. Do you agree with all the decisions? Share your thoughts in the comment section down below. And stay tuned as we have many more exciting articles in the pipeline for you! Until next time!