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Mick Jagger, the mythical leader of The Rolling Stoneshe has just completed 82 springs and has done so with the same energy he has exhibited every time he went up to the stage since the 60s. Unlike other public figures of advanced age, Jagger does not want to hear about withdrawing or organizing a Ostetosa inheritancebut to continue enjoying life and thinking about how his fortune can serve others.
With an estimated wealth of more than 600 million dollars According to the medium Celebrity Net Worthit could be thought that their eight children already have the insured future. However, Jagger surprised to declare in An interview for The Wall Street Journal that has no intention of guaranteeing a luxury life without their own efforts. In their textual words: “The boys do not need 500 million dollars to live well. It is now.”
The incombustible Jagger. Mick Jagger is the father of eight children fruit of several relationships. However, that does not prevent the millionaire artist from not contemplating to leave them all his fortune. According to the assets prepared by Celebrity Net WorthJagger’s heritage includes properties in London, New York, a villa on Moustique Island and a castle in the French region of Touraine. One of his last acquisitions was a house of 1.98 million dollars in Lakewood Ranch in Florida.
In addition, due to its incombustible creativity, its fortune continues to grow thanks to its artistic activity, such as the 2023 launch of the Hackney Diamonds album. On its 2018 tour, The Rolling Stones won 117 million dollars. It doesn’t seem much compared to The Eras Tour From Taylor Swift, but his Majesty satanics got it with only 14 concerts.
Gain his own fortune. The vocalist of the Stones is not the only millionaire artist who does not contemplate selling his musical catalog to leave his heirs a fortune, as he has done Bruce Springsteenwho sold his for 500 million dollars to Sony. Jagger believes that this financial movement is not necessary to ensure his future nor that of his descendants. As you share in the same interview: “Maybe doing something good in the world.”
Other big names of international music have also expressed that leaving excessive fortunes to their children could do more bad than good. Sting, for example, said In an interview that their six children cannot depend on their money: “My children must work (…) people make assumptions. They believe they were born with a silver spoon in their mouths, but it is not so.” This current between artists and millionaires seems to have a clear motivation: prevent their children from growing without knowing the value of work and effort.
Inherit less, donate more. This phenomenon “antiherences” millionaires not only occurs among artists. The heirs of Bill Gates and Warren Buffett They are very aware that, at best, only They will inherit A small percentage of their parents’ fortune. Buffett has made it very clear on numerous occasions. The last of them, at the last shareholders of Berkshire Hathaway, in which the “Oracle of Omaha” officially hung its investment notebook and He gave up leadership of your company. “I have never wanted to create a dynasty or pursue any plan that extended beyond the children. I know all three well and fully trust them,” said the veteran in reference to the ability to generate their own fortunes of their three children.
Donate 99% of its heritage. Warren Buffett, like Bill Gates, follows the lessons they learned from Chuck Feeneya millionaire who made fortune thanks to the Dutty Free, but who died ruined because he had been donating all his fortune to philanthropic causes.
That served Gates and Buffet as inspiration to create The Giving Pledgea philanthropic initiative with which the millionaires promised to donate 50% of their wealth. In fact, the commitment of its founders goes a little further and They have committed to donate 99% their fortune, leaving only 1% of their wealth For your heirs. Starting from fortunes of more than 145,300 and 117.4 billion dollars respectively, that 1% is still a good pinch for their heirs.
Children and fortunes for all. However, not all millionaires share the philosophy of Gates or Jagger. One of the most peculiar cases is that of Pavel Durov, founder of Telegram, who has declared Recently that it has approximately 100 children, and that plans to distribute its fortune of 13,000 million dollars, ensuring that all their children “will have the same rights.”
Durav represents a vision contrary to the majority current among ultra -ups: instead of reducing inheritance or channeling it towards philanthropic causes, he has expressed his explicit desire to ensure that all their children, known or not, can benefit financially from their success. A singular vision within the debate of The new heirs and its legacked billionaires.
Image | Flickr (Raph_ph)
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