If you had a net worth of over $160 million, would you leave it to your children? Actor Daniel Craig plans to give it away instead of spoiling his offspring.
In an interview with Candis magazine, the Bond actor shared that he plans on spending or giving away his $160 million fortune rather than leaving it to his two kids.
“Isn’t there an old adage that if you die a rich person, you’ve failed?” he asked. “I think Andrew Carnegie gave away what in today’s money would be about 11 billion dollars, which shows how rich he was because I’ll bet he kept some of it, too.”
“I don’t want to leave great sums to the next generation,” he continues. “I think inheritance is quite distasteful. My philosophy is get rid of it or give it away before you go.”
Craig, who is 53, has two daughters, an older daughter Ella with his ex-wife Fiona Loudon and a younger daughter with his second wife, actress Rachel Weisz.
He is not alone in wanting to save his kids from being spoiled.
Celebrity chef Gordon Ramsey plans to do the same, choosing not to giveaway all of his money to his kids, “It’s definitely not going to them, and that’s not in a mean way; it’s to not spoil them,” he spoke to The Telegraph. “The only thing I’ve agreed with [my wife] Tana is they get a 25 percent deposit on a flat, but not the whole flat.”
He’s also not spoiling them rotten either, “They don’t sit with us in first class. They haven’t worked anywhere near hard enough to afford that. At that age, at that size, you’re telling me they need to sit in first class? No, they do not. We’re really strict on that.”
It’s quite nice to know that his kids might be sitting back in economy with the rest of us.
If you had hit the big time, would you spoil your kids or give it away too?