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World Billionaires Who Refuse to Pass on Their Entire Wealth to Their Children

Dream - The imagination of ordinary people when they have wealthy parents and enter the ranks of billionaire tycoons is a guarantee of future life. The inheritance of wealth will surely fall into the hands of their children. However, that thinking is not always true. One example is at least experienced by the children of the two richest people in the world, Bill Gates and Ted Turner. These two global magnates do not plan to pass on their wealth to their families. They have decided to donate that wealth to charity and want to teach the value of hard work to their children. Gates and Turner are just small examples. According to the South China Morning Post, here is a list of billionaires who are reluctant to give their inheritance to their children.

"Ted Turner"

The founder of CNN media, Ted Turner, has a wealth of US$2.3 billion. With such wealth, he has signed The Giving Pledge, a campaign that encourages extremely wealthy individuals to donate the majority of their wealth to philanthropy. It is known that Turner has donated US$1 billion of his wealth to the United Nations (UN).

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"Reed Hastings"

One of the founders and CEO of Netflix, Reed Hastings, who has a wealth of up to US$5.7 billion, has also registered in The Giving Pledge campaign, which indicates a significant reduction in inheritance for his children. Recently, he donated US$120 million to black colleges in the US. Hastings has also donated US$100 million to the Silicon Valley Community Foundation, which focuses on education.

George Lucas

Filmmaker and owner of Lucas Film, who created Star Wars, George Lucas, is known to have sold his company to Disney. Receiving a very large sum, Lucas announced that the majority of his wealth will be donated to educational philanthropy. The sale of his company generated a profit of approximately US$4 billion. His personal wealth amounts to US$7.3 billion. Lucas has also pledged to donate half of his wealth to charity as part of The Giving Pledge initiative.

"To further his goal of educating children, he also established The George Lucas Educational Foundation."

"Laurene Powell Jobs"

"Laurene Powell Jobs inherited a significant fortune after the death of her husband, Steve Jobs, the founder of Apple. Steve Jobs' net worth was valued at US$10.2 billion at the time of his death in October 2011. This American billionaire stated that she does not believe in accumulating wealth. Laurene's current wealth amounts to US$22 billion."

"He has dedicated his life to effectively distributing the wealth of his late husband, in a way that uplifts individuals and communities sustainably. She also established Emerson Collective in 2004, a social change organization that focuses on education, immigration, and social justice."

"Warren Buffett"

The following is the translation of the Bahasa text to English while preserving the HTML tags: Wealthy billionaire Warren Buffet has reached US$100.8 billion. However, CEO of Berkshire Hathaway has pledged to donate more than 99 percent of his wealth to charity, leaving only a small amount for his children. Each of his children has a foundation worth US$2 billion funded by Buffett. He has also established The Giving Pledge campaign together with Bill Gates.

Bill Gates and Melinda Gates

The wealth of Micorosoft founder, Bill Gates, is valued at US$129.6 billion, while his former wife Melinda Gates is valued at US$5.7 billion. Their total wealth amounts to US$133.2 billion. They also have a foundation called the Bill and Melinda Gates Foundation, which was established in 2000. In an interview with The Daily Mail in 2011, Gates stated that leaving a large amount of money to their children is not good for them.

However, this can change after the divorce. According to Page Six, divorce experts say that Melinda can alter the inheritance of her three children.

Zuckerberg

The founder of Facebook and owner of Meta company, Mark Zuckerberg, has a fortune of US$137.3 billion. In 2015, when Zuckerberg and his wife Priscilla Chan welcomed their first daughter, Max, they announced in an open letter that they would donate 99 percent of their company's shares during their lifetime to the foundation they created to promote equality for all children in the next generation.

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