Celebs That Left Their Children With No Trust Fund

We often are jealous of the children of celebrities, since they get fame and wealth from their parents. Well, as it turns out, not all celeb parents want to leave their legacy to their children.  Many of them have already made it clear that their money will go to charity when they pass, and here’s why.

Bill Gates

Bill Gates followed Warren Buffet’s lead, as they established The Giving Pledge, an agreement between billionaires and millionaires to declare that their money will go to charity.  Gates believes that children should understand the importance of labor and should work.

Mike Bloomberg

Elton John

Elton John and David Furnish decided not to give their fortune to their sons, deciding to give their billions to charity in order to teach their children the value of money, hard work, and respect. John believes as though giving kids a silver spoon ruins their lives.