Mick Jagger doesn’t want his kids to inherit his massive fortune. He thinks they can do just fine without it. And he has a better idea of what to do with his money: give it away to charity.
The rock icon, who is 80 years old and has eight children from five different women, spilled the beans about his financial plans in an interview with The Wall Street Journal. He said he has no plans to sell his stake in The Rolling Stones’ legendary music catalog, which is worth a fortune by itself.
Why not? Because he doesn’t think his kids need that kind of money to live a good life. He said it bluntly: “The children don’t need $500 million to live well. Come on.”
Instead, he wants to use his wealth to make a positive impact on the world. He told WSJ magazine that he liked the idea of donating his money to charity. “You may do some good in the world,” he said.
Mick Jagger is no stranger to philanthropy. He has been a generous supporter of many causes, such as a cricket non-profit, Elton John’s AIDS Foundation, and children’s music education. So it makes sense that he wants his legacy to continue through his charitable work, even after he’s gone.
But Mick Jagger is not alone in his decision to not leave his money to his kids. Daniel Craig, the actor who plays James Bond, shares the same view. He thinks that people should work hard for their own money and not depend on inheritance.