Monday, February 27, 2012

Billionaires Kids Who Won't Inherit Wealth from their Parents



You must have thought all the billionaires’ children are very lucky as they can enjoy their parents’ wealth in their lifetime and you might have also wished to have such a posh life by looking up to them. But take that thought out of your mind as you have better examples of billionaire kids who are not going to inherit their parent’s wealth to become rich. Here is the list of billionaires who are not going to inherit their parents wealth in their life.


1. Bill Gates:


William Henry “Bill” Gates is an American business tycoon, investor, philanthropist and author and he is also the former CEO and current Chairman of Microsoft, a software company which he jointly founded with Paul Allen. Bill Gates of his total wealth is considered as one among the richest person in the world. He plans to give his children only a tiny portion of his total wealth. This statement from him has made his children to find their own way in life though they will be getting a secured share in his wealth for the lifetime.



2. Warren Buffett:


He is an American business magnate, investor and also a philanthropist and he is also widely regarded as one of the successful investors in the world often introduced as ‘Legendary investor, Warren Buffett”, reports the Wikipedia. He is the next person who has asked his three children not to expect much from his wealth as he is not going to leave them much of his property. He has always believed in teaching them values than giving those billions. But the point to be noted here is, his children have already started their own careers and are self sufficient to manage their life.


3. Bernard Marcus:


Bernard is an American pharmacist and retail entrepreneur who was born to a Jewish-Russian immigrant parents in New Jersey. This Chairman of Home Depot joins the list of billionaires who won’t leave much of his property to his children. He believes that if his children want to be rich, they will have to work for it. And because of that reason he plans on leaving most of his Home Depot stock worth to his Marcus foundation which helps for to the handicapped people and for educational purposes of the poor.


4. George Lucas:


Born in the year 1944, this American film producer, screen writer, director and also an entrepreneur is the founder, chairman and chief executive of Lucasfilm. He is considered as the financially successful director and producer of the American film industry. He has promised to give away at least half of his wealth away for the needy not leaving too much for his three kids.  


5. Ted Turner:


Ted Turner, fully known as Robert Edward ‘Ted” Turner 3rd is an American media tycoon and philanthropist. He is the founder of Cable News Network CNN, the 1st 24 hour news channel and also the Chairman of the United Nations Foundation has said that at the time of his death almost all his wealth will go to the charity and if he really gives his billions to the charity then his children will have to work hard to make their way to the top.




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