Tycoons Who Won't Leave Their Fortunes to Their Kids

[Khansaber]

many decide to spend their money indulging in fancy cars, planes, and yachts.But others want to spread as much of their wealth as possible before they die. A select few even want that last check to only cover the cost of their funeral.
Of course, not everyone stands to gain from such selflessness — namely, the children of these generous donors.

Business magnate Warren Buffett

As an incredibly wealthy investor and philanthropist, Buffett has pledged to give away 99% of his wealth, either during his life or when he dies. He started by promising 83% of it to the Gates Foundation, according to FORTUNE Magazine.
The Oracle of Omaha isn't worried about his children not getting their fair share. Echoing a common sentiment on this list, Buffett said in his letter to the Gates Foundation: "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing."

EBay founder Pierre Omidyar

He and his wife Pam are also the single biggest private donors to the fight against the human trafficking industry.

New York City Mayor Michael Bloomberg

Bloomberg gets paid $1 a year for his government duties because with a net worth of $19.5 billion, he's pretty much set financially.
But Bloomberg is also an avid philanthropist, having donated millions to Johns Hopkins University, the Carnegie Corporation, and thousands of other non-profits.
In his letter to The Giving Pledge, Bloomberg wrote that "nearly all of my net worth will be given away in the years ahead or left to my foundation."

Rockstar Gene Simmons

$300 million bucks that belong to Simmons will be headed somewhere else upon his death.

Microsoft founder and CEO Bill Gates

Bill Gates is one of the richest people in the world. But he and his wife Melinda aren't interested in keeping their money for themselves, or for their three children.
"I knew I didn't think it was a good idea to give the money to my kids. That wouldn't be good either for my kids or society," he told The Sun in 2010.
Instead, the Bill & Melinda Gates Foundation was founded in 1994, and today has assets of over $37 billion dollars. The Foundation even started "The Giving Pledge," which invites other wealthy individuals to join the Gates' lead and donate half their money to charity.

Actor Jackie Chan

The movie star announced in 2011 that he had decided to give away half his money to charity when he dies.
If he is capable, he can make his own money. If he is not, then he will just be wasting my money,"
British Chef Nigella Lawson

Media mogul Ted Turner


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[Imranpak]

Admirable(clap)(clap)(clap)! Everyone should earn their own money and wealth in life. I don't believe in inherited wealth.

 

[Vitamin_C]

Jackie Chan is one of my businessman inspirations, people only know him for movies, but in reality he is a very hard working businessman running is own production company and a number of restaurants in HongKong.

 

[Mughal1]

charity is not a good thing because there is no dignity in it for the giver or taker.

for the giver because he has destroyed many lives during the process of negative competition that is how he has made his money to begin with.

for the taker because receiving something for nothing makes one worthless person in one's own eyes as well as in the eyes of those who give charity because they look down on you. Not only that but it also proves you have failed yourself in competition.

one might think islam also has charity concept in it, one will be wrong in thinking that way.

http://archive.org/details/EnglishTranslationOfTheQuran

 

[jaanmark]

now zardari and nawaz their all money will stay in their own accounts in outside of Pakistan until they pass way money re-men in theirs accounts for theirs sons only