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- Millionaire heiress Gloria Vanderbilt died on June 17, leaving behind a massive fortune. Vanderbilt’s son Anderson Cooper has previously stated he will not receive an inheritance.
- Several other high-profile millionaires and billionaires have also declared they will leave little to their children.
- Many of these wealthy parents have pledged to give the majority of their wealth away to charitable organizations by signing the Giving Pledge.
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Many high-profile business magnates, billionaires, and celebrities believe money shouldn’t be handed to their children.
Anderson Cooper — whose mother Gloria Vanderbilt died on Monday— has previously stated he does not expect a trust fund. Other superrich parents, such as Mark Zuckerberg and Priscilla Chan, have signed the Giving Pledge, which promises to give away the majority of their massive fortunes. However, for some, the amount remaining is still worth millions (if not billions).
Business Insider has compiled a list of 15 high-profile millionaires and billionaires — some of whom are the world’s biggest business magnates — who won’t be signing over their fortunes to their kids in their will. We ranked these wealthy parents in ascending order by their net worth.
Keep reading for a look at 15 high-profile billionaires and millionaires who aren’t leaving their fortunes to their children:
15. Nigella Lawson — $15 million
Nigella Lawson is a food writer, TV personality, and journalist. Lawson was one of the pioneers behind the 21st-century "food porn" revolution with her books including "Feast," "Nigella Express," and "How to Be a Domestic Goddess." Lawson is worth an approximate $15 million (£11.5 million), according to The Richest.
Lawson has two adult children from her first marriage and one step-daughter from her second marriage to advertising mogul Charles Saatchi, which ended in 2013.
In an interview with My Weekly in 2008, during her second marriage, Lawson said: "I am determined that my children should have no financial security. It ruins people not having to earn money.
"I argue with my husband Charles, because he believes that you should be able to leave money to your children. I think we’ll have to agree to disagree."
14. Gloria Vanderbilt — $200 million
Heiress Gloria Vanderbilt died on June 17, leaving behind the large fortune she inherited when she was 21 years old. Entertainment Tonight reported her inheritance was worth $200 million as estimated by Celebrity Net Worth.
Unlike his mother, reports say her son — CNN anchor Anderson Cooper — will not receive an inheritance.Business Insider’s Ashley Collman reported, "Anderson Cooper has said on several occasions that he will not inherit any money from his mother."
"My mom’s made clear to me that there’s no trust fund. There’s none of that," he told Howard Stern in April 2014. "[And] I don’t believe in inheriting money."
13. Gordon Ramsay — $153 million
Owning and operating 40 restaurants around the globe with 16 Michelin stars between them, Gordon Ramsay is one of the biggest names in the British restaurant industry. The well-renowned celebrity chef has a strong TV presence and made 62 million last year thanks to shows such as "MasterChef USA," "MasterChef Junior" and "Hell’s Kitchen." His net worth is estimated to be around $153 million, according to The Sun.
The father of four has no intention of leaving his fortune to his children, who still sit in economy on flights while Ramsay and his wife, Tana, peel off for first class: "It’s definitely not going to them," Ramsaytold the Telegraph.
"And that’s not in a mean way; it’s to not spoil them. The only thing I’ve agreed with Tana is they get 25% deposit on a flat, but not the whole flat.
"I’ve been super lucky, having that career for the last 15 years in the US. Seriously, it has earned a fortune and I’ve been very lucky, so I respect everything I’ve got," Ramsay said.
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