Celebrities leaving money to their children isn’t always wrong

Celebrities leaving money to their children isn't always wrong

NYTIMES.COM/ANNIE LOWREY

Christopher Risco, Staff Writer

There seems to be a trend amongst wealthy celebrities in which they don’t leave their money to their children. Daniel Craig and Marie Osmond are the latest ones to hop onto this trend. 

“I think inheritance is quite distasteful. My philosophy is to get rid of it or give it away before you go,” said Craig in an interview with Saga Magazine. “Isn’t there an old adage that if you die a rich person then you’ve failed?”

On an episode of “The Talk,” Osmond discussed her decision to not leave any of her money to her children.

“I think you do a great disservice to your children to just hand them a fortune because you take away the one most important gift you can give your children — and that’s the ability to work,” she said.

Her decision is likely influenced by personal experience.

“I had an uncle and an aunt. Her family fought over a mirror and a table when they passed away. My mother said, ‘That will never happen.’ ” 

This trend has been around for decades. I understand their reasoning. I’m sure they don’t want their kids to end up like Conrad Hilton— the man who bragged about his wealth and called people on his flight “peasants.”

With that being said, I disagree. These celebrities are more likely than not to live in mansions and probably have multiple maids inside their house. 

It is not fair to expose a child to a lifestyle that many people could only dream of and eventually tell them that they won’t have access to the money needed to maintain it. 

I especially don’t agree with Gordon Ramsay and his wife sitting in first class while their kids sit in economy class. Or with Shark Tank’s Kevin O’Leary who thinks it’s okay that his kids fear not being able to feed themselves or their family.

Many use the excuse that their children might use their riches to live lavish lives made from their parents’ hard work. But so what if the rich kids use their inheritance to live somewhere lavish and not work. As long as they give back, that’s all that matters.

I would feel some type of way if I was a rich kid, and my parents told me I couldn’t have their money. I’m not saying they shouldn’t leave money to give to charities, but not at the expense of your child. 

You earned this money, enjoy it. If you don’t want your kids to become spoiled, then don’t live in gigantic mansions. The hypocrisy of these wealthy people is ridiculous.

My mom once told me, “If your grandma could leave everything to you and your brother, she would.” Why shouldn’t that apply to everyone?