Mick Jagger explains why his eight children might not be inheriting $500 million fortune
Mick Jagger has hinted that his eight children might not be inheriting his $500 million fortune.
If you happened to be one of those eight kids, you'd be absolutely fuming.
The Rolling Stones front man may be joining the likes of Jackie Chan and Bill Gates, who have given different reasons as to why their children will not be inheriting their hard earned money.
The martial arts professional has said that he doesn't want his son to 'waste' it, while the co-founder of Microsoft said he'd rather leave a small part of his fortune with his kids, as a safety net, and the rest he wants to be given to charity.
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Hard to argue with that logic.
Mila Kunis and Ashton Kutcher have also gone down that same route - and it seems that Jagger has a similar way of thinking.
The father-of-eight explained that the band have no plans to sell the rights to their back catalogue and that his children don't 'need' that enormous amount of money.
The 80-year-old has eight children with five different women - 52-year-old Karis, with Marsha Hunt, 51-year-old Jade with Bianca Jagger, Elizabeth, 39, Georgia May, 31, and sons James, 38, and Gabriel, 25 with Jerry Hall, and 24-year-old son Luca with Luciana Morad Gimenez.
He also recently welcomed six-year-old Deveraux with his girlfriend Melanie Hamrick.
"The children don’t need $500 million (£411 million) to live well. Come on," he said in an interview with the Wall Street Journal.
Instead, Jagger may have hinted that the money should go to charity.
He said: "You maybe do some good in the world."
Fair play.
Similarly, singer Marie Osmond has opened up about her decision to not leave her inheritance to any of her eight children.
The 63-year-old found fame at a young age thanks to her showbiz family, landing her first number-one country single, 'Paper Roses', at just 13-years-old, and landing the TV variety show Donny and Marie with her brother at the age of 16.
In an interview with US Weekly, Marie explained that, by not giving her children any of her hard-earned fortune, she is enabling them to try things and be passionate, rather than take the easy route.
"Honestly, why would you enable your child not to try to be something?" she asked.
"I don't know anybody who becomes anything if they're just handed money."
She went on to state that one of the rules she has for her kids is; 'If you start it, you finish it, you don’t ever have to do it again, but you gotta finish.'
Marie continued: "And, I just think all [an inheritance] does is breed laziness and entitlement. I worked hard and I’m gonna spend it all and have fun with my husband."
Each to their own.
Anish Vij