There’s nothing worse than a spoiled rich kid. Nowadays, many in the ultra-rich community are realizing this, and are committing to donating their earnings to charity after their death instead of leaving it to their children.
Here are a few of the world’s richest people who have committed to allowing their children to grow up as normally as possible, without the burden of a massive inheritance.
When talking about inheritance in the billionaire sector, it’s important to talk about Bill Gates first. In 2006, after 30 years at Microsoft, Gates announced that he would be shifting his focus from the business side of his life to the philanthropic.
Bill and his wife Melinda were the first signees of The Gates-Buffett Giving Pledge — an initiative that billionaires can sign up for to show that they’re committed to giving away at least half of their wealth to charity. For the Gates’, this means giving away at least $18 billion of the $37 billion that Gates accrued as the Founder and CEO of Microsoft.
Gates has three children to whom he has committed to leaving just 5% of his wealth.