Celebs ditch traditional inheritance: Craig, Buffett, Sting lead charge
The well-known actor Daniel Craig does not intend to leave his fortune to his children. He believes leaving a large inheritance is distasteful, so he plans to use his wealth in other ways.
Daniel Craig has amassed a significant fortune from his roles in films such as No Time to Die and Glass Onion. He earned $25 million for the former and $100 million for the latter. However, the actor does not intend to give this money to his children.
In an interview with Candis Magazine, Craig expressed his beliefs about inheriting wealth. The actor thinks that dying wealthy is a failure, so he does not plan to leave his fortune to his two daughters. Instead, he is considering other ways to distribute his wealth.
Not just Daniel Craig
A similar approach was taken by the renowned investor Warren Buffett, who also did not intend to pass all his wealth on to his children. Buffett emphasizes that children should have enough to do anything but not so much that they do nothing. Craig and Buffett plan to donate their fortunes to philanthropic causes.
The singer Sting has expressed his support for this decision, which leads many celebrities to choose not to bequeath their wealth to their children. While famous individuals decide against passing on their financial assets to their offspring, it is interesting to note who else has followed suit, reports "The Sun."
Culinary celebrity Gordon Ramsay, father of six children, with an estimated fortune of $750 million last year and earning $110 million annually in 2017, revealed that he won't leave any money to his children, fearing it might demoralize them.
