If you were super rich, will you leave your children with everything or just enough to get by?

by Uche Onegeria 4 Mar , 2016  

Apparently Warren Buffet will leave his children with just enough money to get by and have inspired Elton John and his partner David Furnish to do same. Buffet will be leaving half of his £53 billion fortune to charity. Elton is worth about £200 million. (Header Image from the vogue)
(Can someone please tell Warren Buffet that half of £53 billion is not “enough to get by”?)

Image from the web

“Warren Buffet, the third wealthiest man in America, has a really cool model in that he leaves his children enough money so that they have a house, a car and all their basic needs covered and cared for so they never need worry. But it’s not crazy, silly, go-wild money so that they could be buying Picassos or private jets. Anything beyond the basic, they have to go out and earn it themselves. If they want a Picasso, they have to go out and earn it. I think there’s real sensibility in that. The greatest joys, everything Elton and I have created, have come from hard work and that’s where your self-esteem comes from”, said Elton’s husband David.

Image from the web
 
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