Singer Marie Osmond isn’t the only one who wants her kids to go their own way.
American country singer Marie Osmond’s recent pledge not to leave her children an inheritance has reignited the debate over the so-called nepo children.
Osmond, who has an estimated net worth of $20 million, told a magazine that his refusal to share his fortune wasn’t harmful.
Instead, he said he wanted to ensure that children pursue their passions and achieve success on their own.
You nepo children (short for something like “children of nepotism”) are those who use their parents’ wealth and popularity to build their careers.
“I don’t know anyone who becomes something if they get paid,” Osmond told Us Weekly magazine.
The singer isn’t the only one with an interesting take on celebrity parenting.
Other well-known names have also said they want to give up passing on their fortunes. However, in some cases, the lack of inheritance hasn’t stopped children from capitalizing on their parents’ success.
Below, check out a list of some of these celebs and how some of their children have fared:
Daniel Craig
British actor Daniel Craig has said he finds the idea of an inheritance “repugnant” and that his two children will not receive his $125 million fortune.
“My philosophy is to get rid of it or give it away before I’m gone,” the star said of James Bond in 2020.
But even without an inheritance, Craig’s eldest daughter Ella, 31, has already made a name for herself.
She is represented by Ford Models, one of the largest modeling agencies in the world, and appeared on the cover of L’Officiel, a French fashion magazine, earlier this year.
He also followed in his father’s footsteps and dabbled in acting, appearing in a few plays with the Shakespeare & Company theater group, as well as films.
She has spoken publicly about her interest in acting and said she hopes to be respected “as a classy actress and doing really good quality work.”
Gordon Ramsay
Despite being the sons of one of the most famous chefs in the world, the five descendants of Gordon Ramsay don’t always manage to enjoy their father’s wealth.
They rarely eat at their Michelin-starred restaurants, Ramsay said. Nor do they sit with their parents in first class on the plane when they go on vacation.
“They didn’t work hard enough to pay him,” Ramsay, who is worth an estimated £63m, told British newspaper The Telegraph in 2017.
She added that she has no plans to leave her money to her children when she dies, saying she wants to avoid ruining it.
So far, the Ramsay children seem to have gone their own ways. Their eldest daughter, Megan, 24, studied psychology at university, while their eldest son, Jack, 23, joined the Royal Marines.
His 21-year-old daughter, Matilda, has become a TV personality, just like her father. She hosted her own cooking show, Matilda and the Ramsay groupon CBBC, the BBC’s children’s television channel, and has appeared on MasterChef Junior.
He also has more than a million followers on Instagram and another 10 million on TikTok, where he frequently shares videos of his father, some of which have gone viral.
Sting
British singer-songwriter Sting is one of the most successful musicians in the world, with an estimated net worth of $400 million. But he says his children will have next to nothing when he’s gone.
“What comes in we spend and there’s not much left over,” the father of six told Britain’s Daily Mail in 2014, adding:
“I certainly don’t want to leave them trust funds which are a burden. They have to work.”
But that hasn’t stopped Sting’s children from pursuing prominent careers in show business. His daughter, Mickey Sumner, is an actress—she appeared in films Francesca Ha (2012), by Greta Gerwig —, while two of her sons, Eliot and Joe, are musicians.
Sting also opened up for Joe on his latest world tour, My songsin 2022.
Warren Buffet
Some of these celebrities appear to have been inspired by Warren Buffett.
The American tycoon has announced that he intends to give away more than 99% of his fortune – and that there won’t be much left for his children.
Buffett wrote in 2021 that “After many observations about super-rich families, here’s my recommendation: Leave your kids enough for them to do anything, but not enough for them to do nothing.”
All of her adult children have gone on to careers in fields ranging from philanthropy and music to politics and environmental conservation.
+The best content in your email for free. Choose your favorite Terra newsletter. Click here!
Source: Terra
Jason Root is a writer at Gossipify, known for his in-depth coverage of famous people in entertainment, sports, and politics. He has a passion for uncovering the stories behind the headlines and bringing readers an inside look at the lives of the famous. He has been writing for Gossipify for several years and has a degree in Journalism from UC Berkeley.
-1iukdqb6yt84h.jpg "The death of Pope Francis brings to light the prophecy of Nostradamus indicating the collapse of the Catholic Church; understand")
