I know what's been said. But there's no disputing that his first family was a tortured family (and I don't mean physically) to say the least. Second families, when the man is older, are usually a bit more settled. But I was very surprised to learn about the blind trusts. That's cruel in and of itself to deny your children anything until if or when they reach the age of 65. That is mean. I dare you to defend it.
Can't touch it until they're 65?
There is one defense: Most Americans have no significant savings. 70% are living paycheck to paycheck. In upscale neighborhoods, its' about 80%.
Most people use their credit cards to get what they want NOW, on the expectation that they'll be able to pay it off later. But life happens, the transmission goes out, etc. "Later" never comes-- the debt just snowballs. (Yes, I'm a Dave Ramsey fan:).
Therefore, ensuring your children have something to live on when they're old and not producing income might have been the kindest thing ole Bing could do.
Or maybe it was just spite. Who knows?