Celebrities leaving kids no inheritance and property wealth

While many children of high-profile figures grow up surrounded by extraordinary luxury, a growing list of rich listers are choosing to cut off the gravy train. From Hollywood actors and rock stars to tech moguls and celebrity chefs, these famous parents are publicly declaring their children will not be inheriting their vast empires. Instead, they insist their offspring will have to earn their own keep, choosing to donate billions to charity or spend their fortunes during their lifetimes. Here is how the world’s richest stars are cutting off their kids and the eye-watering property portfolios they will be leaving behind. SHAQUILLE O’NEAL Basketball legend Shaquille O’Neal has made it crystal clear to his six children that his estimated $500m ($A720m) fortune is off limits. “My kids are older now. They’re kinda upset with me. Not really upset, but they don’t understand,” O’Neal told Business Insider in 2021. “I tell them all the time: ‘We ain’t rich. I’m rich.’” The NBA icon insists his children must obtain a bachelor’s or master’s degree before he even considers investing in their business ideas. “If you want me to invest in one of your companies, you’re going to have to present it ...