8 ultra-rich celebrities who aren’t leaving fortunes to their kids: Mick Jagger’s bombshell is nothing new … from tech billionaires Bill Gates and Mark Zuckerberg, to Ashton Kutcher and Mila Kunis

Oct 4 , 2023

Bill and Melinda Gates with daughter Jennifer ... who will inherit less than 1 per cent of her parents’ fortune. Photo: Melinda French Gates/Facebook

The Rolling Stones frontman Mick Jagger recently hinted that he’s planning to give his US$500 million to charity – rather than distribute it between his 8 kids

He’s not the only high-profile celeb to speak up against massive inheritances – Hong Kong’s Jackie Chan wants his son Jaycee to work for his cash, as does Cats and Evita composer Andrew Lloyd Webber

Nepo babies may be dominating all the headlines these days, but not all wealthy offspring are set for life. While the children of famous multimillionaires might appear to be born with a silver spoon in their mouths, many will have to forge their own paths in life without getting a boost from their parents’ bank accounts.

Mick Jagger walks the red carpet during the 76th Venice Film Festival at Sala Grande in September 2019, in Venice, Italy. Photo: Getty Images

The Rolling Stones’ Mick Jagger recently made headlines for declaring that he’d be giving his US$500 million fortune to charity, rather than splitting it between his eight kids. In his interview with The Wall Street Journal, the 80-year-old said that his kids “don’t need US$500 million to live on”. Quite.

So, which other mega-wealthy celebs and businesspeople have said they won’t be leaving massive inheritances for their kids?

1. Mark Zuckerberg, 39

Net worth: US$108 billion

Founder and CEO of US online social media and social networking service Facebook Mark Zuckerberg. Photo: AFP

Facebook co-founder Mark Zuckerberg has accumulated an impressive net worth of US$108 billion as of September 2023, per Forbes, but his children will only see a fraction of it in their inheritance.

Following the birth of their first daughter Maxima, in 2015, Zuckerberg and wife Priscilla Chan announced on Facebook that they will be donating 99 per cent of her inheritance to charity.

Mark Zuckerberg with his family. Photo: @zuck/Instagram

Addressed to their baby, the post read: “We want you to grow up in a world better than ours today. We will do our part to make this happen, not only because we love you, but also because we have a moral responsibility to all children in the next generation.”