Simon Cowell Said His Only Son Won’t Inherit his $600 Million Fortune and it Will Go to Charity
Simon Cowell is known for being the harsh, brutally honest, and even sometimes kind of mean judge on TV talent competitions. The producer, media company owner, and creator of popular shows such as The X Factor and America’s Got Talent has certainly done well for himself over his career. All of this in spite of his tough-as-nails TV persona. Now a doting father, Simon Cowell has said that none of his $600 million net worth will go to his son, Eric. He plans on donating all of it to charity.
Simon Cowell is an extremely successful entertainment business owner, producer, and TV personality as the judge of reality talent competitions in both the UK and the United States. Now, however, he can add another role to his resume: He is a father. Cowell became a father in 2014, a moment that he said changed him as a person. Before the birth of his son, Eric, however, he said in an interview that none of his now $600 million net worth would be passed along to his son. He said that he doesn’t believe in passing fortunes down to the next generation.
“I’m going to leave my money to somebody. A charity, probably — kids and dogs,” he said in 2013. “I don’t believe in passing on from one generation to another,” Cowell says rather than just leaving his son a bunch of money, he prefers to leave him his legacy. Something that will help his son develop his own successful career in whatever field he chooses. The idea is that he will use his career and success to help his son build his own wealth. (2) “Your legacy has to be that hopefully you gave enough people an opportunity so that they could do well, and you gave them your time, taught them what you know.” he said. Simon Cowell’s net worth currently sits at around $600 million. All of that money, he says, will go to a charity. He has not yet picked which charity he will donate to, however, he says it will probably have something to do with kids or dogs.
Simon Cowell is not the only celebrity who has said that their money will be going to charity and not their children. Famous TV anchor Anderson Cooper is one that has shared similar sentiments to Cowell. Cooper welcomed his child via surrogacy in 2020. “I don’t believe in passing on huge amounts of money,” he said. “I’m not that interested in money, but I don’t intend to have some sort of pot of gold for my son. I’ll go with what my parents said… ‘College will be paid for, and then you got to get on it.’ ”
One of the world’s richest people, Microsoft founder Bill Gates, has also promised that his kids won’t be inheriting his billions
Most of his wealth, along with that of his ex-wife Melinda Gates, will be fueled directly back into the Bill and Melinda Gates Foundation. This foundation is working to eliminate poverty, hunger, and disease worldwide. (4) “It’s not a favor to kids to have them have huge sums of wealth,” Gates explained. “It distorts anything they might do, creating their own path.” Other celebrities who have also said no to generationally accrued wealth include Jackie Chan, Mark Zuckerberg, Warren Buffet, Gordon Ramsey, Ashton Kutcher and Mila Kunis, and Sir Elton John.“We have a moral responsibility to all children in the next generation,” Facebook creator Zuckerberg and his wife posted on Facebook. “Our initial areas of focus will be personalized learning, curing disease, connecting people, and building strong communities.”
