In a culture that often equates wealth with legacy, it’s surprising to hear that some millionaire parents plan to leave their children nothing. But for a growing number of high-net-worth individuals, not passing down their fortune is a conscious choice—and one they don’t shy away from explaining.
For these parents, wealth isn’t just about money; it’s about values, discipline, and personal growth. They’re not trying to punish their kids. They’re trying to prepare them.
1. Warren Buffett Wants His Kids to Find Their Own Way
Warren Buffett, worth over $100 billion, has long made it clear that his children won’t inherit the bulk of his fortune. Instead, he believes in giving them “enough to do anything, but not enough to do nothing.” This mindset stems from his belief in meritocracy and the dangers of unearned wealth. Buffett has already donated billions to philanthropic causes and plans to give away nearly all his wealth. He wants his children to build their own paths, not coast on his success.
2. Kevin O’Leary Believes Inheritance Kills Ambition
“Shark Tank” investor Kevin O’Leary is another outspoken opponent of large inheritances. He believes that passing down money can sap motivation and create entitlement. O’Leary has said publicly that his children will receive only a modest trust and that most of his fortune will go to charity. His logic is simple: if his kids know they’re not getting a handout, they’ll work harder. It’s a lesson in drive, not dollars.
3. Daniel Craig Thinks Inheritance Is Distasteful
James Bond actor Daniel Craig has described leaving inheritance as “distasteful.” Despite a successful acting career that has made him millions, he insists his kids won’t see much of it. Craig believes that inherited wealth often “corrupts” and that it’s better to get rid of it or give it away. He has suggested that wealth should be used for good during one’s lifetime rather than hoarded. For him, personal responsibility outweighs family fortune.
4. Sting Wants His Kids to Earn Their Own Success
Legendary musician Sting has publicly stated that his six children won’t inherit the bulk of his $300 million fortune. He fears that wealth handed over freely could become a “burden.” Sting encourages his children to forge their own careers, just as he did. While he supports them emotionally and educationally, financial independence is a line he won’t cross. For him, self-reliance isn’t negotiable.
5. Gordon Ramsay Refuses to Spoil His Children
Celebrity chef Gordon Ramsay is known for his blunt style, and he’s just as firm when it comes to his money. Ramsay has said that his children won’t inherit his estimated $220 million fortune. He believes in rewarding effort and doesn’t want his kids to feel entitled. Instead of flying first-class with their parents, Ramsay’s children sit in economy to learn humility. He wants them to grow into grounded adults, not spoiled heirs.
6. Ashton Kutcher and Mila Kunis Say Their Kids Get Nothing
Actors Ashton Kutcher and Mila Kunis have openly shared their plan to give away their fortune rather than leave it to their children. They argue that inherited money isn’t healthy for development. Their children, they say, need to learn the value of hard work. Instead of building trust funds, the couple supports charitable efforts and startup entrepreneurs. For them, generosity means giving back, not handing down.
7. Mark Zuckerberg Plans to Donate, Not Bequeath
Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, have pledged to donate 99% of their wealth through the Chan Zuckerberg Initiative. Though their children will be well cared for, the couple is firm about not handing them billions. They want their kids to grow up with a sense of purpose, not entitlement. The focus is on education, equality, and global impact—not inheritance. Their legacy, they say, will be in the work they leave behind, not the money.
A New Kind of Legacy
These millionaire parents aren’t withholding money out of cruelty or control. They believe that true wealth comes from character, work ethic, and contribution to the world. By refusing to hand over fortunes, they’re hoping to raise children who are not just rich in assets but rich in purpose. It’s a radical departure from traditional ideas of inheritance, but it reflects a deeper concern for long-term fulfillment.
Is withholding an inheritance wise or unfair? Would you do the same if you had millions to pass on? Share your thoughts in the comments and join the conversation on what real legacy means in today’s world.
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