Who hasn’t dreamed of being born into a wealthy family? Or fantasized about what it might be like to have an unknown great-uncle or aunt who passes away peacefully one day, leaving behind a fortune? It sure would be easy to get used to that life of yachts, vacations in Monaco and exotic cars. Private jet? Personal chef? Don’t mind if we do!
But being born into massive wealth doesn’t always guarantee that you’ll inherit the mother lode. Some uber-wealthy tycoons have already made it known that they won’t be leaving their huge cash stashes to their kids. That doesn’t mean the offspring will be turned out on the street. But many of the ultra-rich recognize that handing billions of dollars to a generation that didn’t have to work for it isn’t healthy.
The Giving Pledge is a commitment made by some of the world’s wealthiest people to dedicate the majority of their wealth to giving back, not just ensuring Junior has a twelfth Porsche in the garage. By signing on, they’ve agreed to commit more than half of their wealth to philanthropy or charitable causes, either during their lifetime or in their will.
Here are 21 big earners who’ve either signed the Giving Pledge or stated publicly that they don’t plan to leave all their riches to their offspring.