Simon Cowell's Decision on Son's Inheritance Sparks Debate
Renowned producer and TV personality Simon Cowell has revealed that he does not plan to pass down his approximately $600 million fortune to his 11-year-old son Eric.
Cowell's wealth will reportedly go to charities supporting children and dogs instead of his son.
"I don’t believe in passing down money from one generation to the next,"
He intends for his son to achieve success by his own means rather than inherit it. Cowell stated,
"College will be paid for, and then you’re on your own", explaining how his parents empowered him in a similar way and how he plans to carry that legacy forward.
Prior to his current success, Cowell started his career by sorting mail at EMI Music.
Author's summary: Simon Cowell won't leave fortune to son.