On TV talent competitions, Simon Cowell is renowned for being a strict, brutally honest, and occasionally cruel judge. The X Factor and America’s Got Talent creator, producers, and media company owners have made a good living for themselves.
Despite all of this, he is known on television as a tough guy. Now a proud father, Simon Cowell declared that his son Eric would not receive any of his $600 million fortunes. All of it will go to charity, he says.
In both the UK and the US, reality talent shows are judged by Simon Cowell, a thriving entertainment industry entrepreneur, producer, and TV personality. However, he can now include a new position on his resume:
He is a father to a son. Cowell claims that becoming a father in 2014 changed him. Nevertheless, Eric declared in an interview before the birth of his child that his child would not inherit any of his $600 million net worth. He said that he disbelieved in transferring wealth to subsequent generations.
“I’m going to leave my money to somebody. In 2013, he suggested “Maybe a charity — kids and dogs.” I don’t think things should be passed down from generation to generation”.
Instead of a sizable sum of money, Cowell claims he would leave his son his legacy. Something that will enable his son to pursue a fantastic career in whichever field he chooses. He is supposed to use his position and accomplishments to assist his son in making a fortune.
“Your legacy should be that you gave enough people a chance to succeed, gave them your time, and shared your knowledge with them. ” He declared.
It is thought that Simon Cowell is worth about $600 million. He says all the money would be given to a good cause. Although he has not chosen a charity, he thinks it will help children or dogs.
Simon Cowell has yet to declare that their money will be donated to charity rather than used to support their children. Cowell’s comments are similar to those of well-known television anchor Anderson Cooper. In 2020, a surrogate gave birth to Cooper’s child.
He said, “I don’t believe in passing on large amounts of money.”. “I don’t care much about money, but I don’t want to leave my son with some sort of golden pot either. I’ll take what my parents said, “College will be paid for, and then you must start’.
Bill Gates, the creator of Microsoft and one of the wealthiest men in the world, has also declared that his children will not inherit his wealth. The majority of Bill Gates’ and his ex-wife Melinda Gates’ future will be invested in the Bill and Melinda Gates Foundation. The mission of this foundation is to end world hunger, poverty, and disease.
Among the famous people who have rejected inherited wealth are Jackie Chan, Mark Zuckerberg, Warren Buffet, Gordon Ramsey, Ashton Kutcher, Mila Kunis, and Sir Elton John.
Mark Zuckerberg, the creator of Facebook and his wife wrote on Facebook, “We have a moral duty to all children in the coming generation.”. Individualised learning, the treatment of diseases, human connections, and community development will be our initial focus areas. “.