[SoFloFreeper]

Hmmm.

[cableguymn]

ya, they will be dirt poor.. Just like Hillary.

[Joe 6-pack]

If he leaves his kids nothing to lose, the one that’s willing to dump the most dirt is going to get the biggest book deal...

[Opinionated Blowhard]

I certainly don’t want to leave them trust funds that are albatrosses round their necks. They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate.” And while he’d be willing to intervene if any of them were truly in trouble, he said that situation has yet to arise. “They have this work ethic that makes them want to succeed on their own merit. People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot.”

That sounds perfectly reasonable to me. It absolutely destroys kids if they don't have to work, or if they get the idea in their heads that they don't have to support themselves.

[JudyinCanada]

Must have had a lousy father’s day this year.

[Wolfie]

Please. 10 million each, minimum, would be my guess. Sting just thinks that’s not much, and compared to 300 million, he’s right.

[Gene Eric]

Does he know who they are?

[livius]

I believe he lives in England, doesn’t he? It’s impossible for anybody to leave much of anything to their children there. Death taxes are confiscatory.

[defconw]

I looked it up. All of his kids are adults. Perhaps he has used this as motivation for them to be self made. I see nothing wrong with it frankly. If they all do well and stay out of trouble he might surprise them someday.

[informavoracious]

Daddie Dearest

[only1percent]

Too bad for society, really — we’d far better off with his fortune being converted by his grandchildren into crashed Maseratis and cocaine, than being donated to the sort of left-wing causes it will now go to.

I shudder to think of the damage that Bill Gates AND Warren Buffett’s fortunes are going to do once the Gates Foundation is captured by the standard left wing brigade. (Its current causes are a mix of innocuous and terrible.)

[fidelis]

Define “not big”...

[RegulatorCountry]

I’ve got mixed emotions on this sort of thing. I’ve known enough trust fundies to realize that great inherited wealth with no strings attached can be destructive to the heir. He’s certainly entitled to will his estate be dispensed in the manner that he sees fit. However, the intergenerational transfer of wealth is the means by which all future generations benefit and get ahead of those who went before. It should by rights be passed on. The left has been at war with it and attempting to confiscate it for as long as I’ve been on this planet.

[Cementjungle]

Years ago when I lived in L.A. I did some volunteer web/database work for a family friend who has an organization in Africa which supports women. As part of that work, I had to attend several meetings at the Hilton Foundation HQ in Santa Monica. One time I was there early, and was told that I could go into the break room and get myself some coffee. I went in and there was a man (in his late 20's or so) mopping the floor. I said I was here for a meeting with the IT guy and was just getting myself some coffee. He said "Hi, I'm the IT guy.. nice to meet you... my name is Conrad Hilton III".

I was kind of impressed with that.

On the other hand, my accountant is familiar with the Bill Gates family... and I was once discussing the Gates' approach to wealth with regard to his kids. He said don't let their public comments fool you... the kids are already set up for life with future (very highly compensated) positions with the Gates Foundation. They will be very wealthy through that alone.

[CatherineofAragon]

He’ll leave all his money to environmental wackos.

[TangoLimaSierra]

Dear Sting,

I am in no way related to you and already not worth a crap. Pls Freepmail me.

Thanks,

TLS