12 ultra-wealthy people who aren't leaving their fortunes to their children - Business Insider

With a career in music spanning four decades, Sir Elton John's retirement tour is expected to gross more than $400 million, John and his husband David Furnish have two sons — Zachary and Elijah — but the singer has no intentions of spoiling them with his vast fortune. "The boys live the most incredible lives, they're not normal kids, and I'm not pretending they are," John toldin 2016.

The couple borrows from the Warren Buffett school of inheritance. "[Buffett] has a really cool model in that he leaves his children enough money so that they have a house, a car and all their basic needs covered and cared for so they never need worry," John told. "But it's not crazy, silly, go-wild money so that they could be buying Picassos or private jets."

7. Andrew Lloyd Webber says it doesn't bother his kids that he wants to leave his fortune elsewhere, the famed composer told the Daily Mail in 2008.

Her kids will be just fine, and certainly be millionaires. She’s a bit of a hypocrite to suggest its not right for people to accumulate billions. The problem with fairness is someone else has to decide what’s fair. If someone can make a billion, more power to them.

He worked hard planning/saving for his family, their future, and his legacy. She will quickly consume it all and leave only ash. The end.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil prices unravel to lowest level in 12 months as coronavirus threat looms - Business InsiderOil prices keep unraveling amid the Wuhan coronavirus outbreak, with fears looming over how a health crisis will bite into global oil demand. But the government will give another reason why they have to increase price of fuel....
Source: BusinessInsider - 🏆 729. / 51 Read more »

Source: Cannabis company Acreage Holdings cut 40 jobs - Business Insider'We notified a number of our colleagues across our organization that their employment has been eliminated as of today,' a top exec said in a memo.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Steve Jobs had a simple theory about what separates great leaders from all the rest - Business InsiderSteve Jobs would have been 65 on Monday. He expected a lot from himself, and he expected a lot from others. Dress the same every day?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Automation will change people's jobs, and Dell's CMO says we need to talk about it - Business InsiderDell CMO Allison Dew argues for a broader conversation around both the positive and negative impacts of technology.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bed Bath & Beyond to cut 500 jobs as it powers on with its turnaround effort - Business InsiderBed Bath & Beyond to cut 500 jobs as it powers on with its turnaround effort I initially thought the packet said 'Blood Bath on Bonds'. With HSBC firing half it's bond trading staff, thought there were more banks that had sunk their desks today. What a let down to see what it actually was about.
Source: BusinessInsider - 🏆 729. / 51 Read more »