Simon Cowell is known for being a tough and brutally honest judge on TV talent shows. He is a producer and the creator of popular shows like *The X Factor* and *America’s Got Talent*, and he has done very well for himself throughout his career. Despite his tough TV persona, Simon Cowell is now a caring father. He has said that none of his $600 million fortune will go to his son, Eric. Instead, he plans to donate all of it to charity.
Simon Cowell is a very successful entertainment business owner, producer, and TV personality, known for judging talent competitions in both the UK and the United States. Now, he can add another role to his list: he is a father. Cowell became a father in 2014, a moment that he says changed him as a person. However, before the birth of his son, Eric, he mentioned in an interview that none of his $600 million fortune would be passed on to his son. He believes that passing down wealth to the next generation is not the right thing to do.
“I’m going to leave my money to someone—probably a charity, like kids and dogs,” Simon Cowell said in 2013. He believes in leaving a legacy instead of just passing down money to his son. Cowell thinks that helping his son develop a successful career is more important than giving him a lot of money.
“The goal is to give people opportunities so they can succeed, and to share your knowledge with them,” he explained. Simon Cowell’s net worth is around $600 million, and he plans to donate all of it to charity. He hasn’t decided which charity yet, but he mentioned it will likely be related to children or dogs.
Simon Cowell is not the only celebrity who has said their money will go to charity instead of their children. Famous TV anchor Anderson Cooper shares similar views. He welcomed his child via surrogacy in 2020 and said, “I don’t believe in passing on huge amounts of money. I’m not that interested in money, but I don’t plan to have a pot of gold for my son. My parents taught me that college will be paid for, and then he needs to get to work.”
One of the world’s richest people, Microsoft founder Bill Gates, has also promised that his children won’t inherit his billions. Most of his wealth, along with that of his ex-wife Melinda Gates, will go to the Bill and Melinda Gates Foundation. This foundation aims to eliminate poverty, hunger, and disease worldwide. Gates explained, “It’s not a favor to kids to give them huge sums of wealth. It can distort their path.”
Other celebrities who also believe in not passing down wealth include Jackie Chan, Mark Zuckerberg, Warren Buffett, Gordon Ramsay, Ashton Kutcher, Mila Kunis, and Sir Elton John. Zuckerberg and his wife said on Facebook, “We have a moral responsibility to all children in the next generation. Our main focuses will be personalized learning, curing disease, connecting people, and building strong communities.”
I Gave My House to My Son — He Betrayed Me in a Horrific Way
Betrayal is among the most devastating feelings, but it takes on an even more horrible dimension if it comes from a close family member.
That’s the case of Josie, who felt utterly crushed when her son lied to her.
The devoted mother made a decision to give her house to her son and his young wife so they could comfortably start a family, but things took a turn that Josie wouldn’t have expected in a million years. She sent a letter to us to share her story and ask for advice.
Here’s her story
I live alone in a 3-bedroom house. My recently married son kept saying that it was the perfect home to start a family, so I ended up giving it to them while I went to live with my widowed sister.
Yesterday, my son told me that his mother-in-law is moving in with them. I said, “I didn’t leave my home to have her live with you.”
My daughter-in-law declared, “We lied about starting a family right away. We are not ready yet; we’re too young.” She added, “But my mom is alone. We have a big house now, so she will come live with us.”
I was furious and said that I didn’t agree to this arrangement. I reminded her that it is still technically my house.
My son then stated, “My MIL is much more in need of us than you are. She’s my family too now and I have to take care of her.”
I feel betrayed and heartbroken. What should I do?
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