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Rich Parents Who Are Cheap

Thursday, July 24, 2008
filed under: celebrity logic

Bill Gates:
Microsoft's mogul, Bill Gates, who is worth a whopping $58 billion, has said that he will only be leaving his children 10 million dollars each.

Warren Buffet:
Worth $62 billion, investor Warren Buffet was named the richest person in the world, according to Forbes. However, his children won't be inheriting all of his wealth: "I want to give my kids enough so that they feel that they could do anything, but not so much that they could do nothing."

Sean Connery:
As of July 21, 2008, Jason Connery has been left out of his father's will. The former James Bond wants his son to be able to provide for himself, just like he did.

Aaron Spelling:
After a change in his will right before his death in 2006, mega-producer, Aaron Spelling, left his daughter Tori Spelling only 0.16% of his 500 million dollar fortune, which totals around $200,000.

Pete Peterson:
Being the daughter of Pete Peterson, co-founder of the Blackstone Group and net worth of $2.5 million, does not mean Holly Peterson did not have to work. "I couldn't not work. When I was at ABC News making $32,000 a year as a researcher, my father was giving me $600 a month -- the difference between a studio walk-up and a place with a doorman. He didn't like those townhouses with the double doors that girls were getting attacked in."

Andrew Lloyd Webber:
Even as the oldest daughter of award-winning composer Andrew Lloyd Webber, whose net worth is supposedly 750 million English pounds, Imogen Lloyd Webber still had to work her way to the top.

Sir Angus Grossart:
Worth approximately 150 million English pounds, banker Sir Angus Grossart taught his daughter Flure Grossart to save money in her piggy bank and had her work during the summer.

Barron Hilton:
Unimpressed with the scandalous behavior of his grandchildren, hotelier Barron Hilton is leaving 97% of his approximately 2.3 billion-dollar fortune with charity. This leaves $69 million for his various children and grandchildren. Hollywood socialite Paris Hilton, who was expecting somewhere around a $100 million inheritance, is now looking at a mere $5 million.

Donald Trump:
At an estimated $3 billion net worth, The Donald does not let his three oldest children, Donald Jr., Ivanka, and Eric, idle away with his real estate money. All three kids were taught the value of money early on. Donald Jr. says at the age of 13 he worked at the marina at Trump Castle and made minimum wage plus tips. All three kids now work for the Trump Organization; however, this is only after they completed their education at top-tier universities and business schools.

Richard Branson:
At an estimated net worth of $7.9 billion, English business magnate and founder of the Virgin brand Richard Branson says that he has "certainly taught my kids the value of money. They've always had minimal pocket money, for example." His daughter Holly became a doctor and was infamous for not being a party girl, but rather spending time with friends in her residence hall.

Troy Dunn:
Troy Dunn, the self-made millionaire of bighugs.com and father of seven makes his children earn their money -- but not through allowances or household chores. His kids have to start their own businesses. His 6-year-old son bakes and sells his own cookies and his son Trestan, 13, runs his own video-production company.

If you had millions, what would you do?

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Rich Parents: Smart or Greedy?


previous: What Your Doctor Won't Tell You
next: Do You Really Need 8 Glasses of Water a Day?

filed under: celebrity logic

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