Simon Cowell is known for being a tough and brutally honest judge on TV talent shows. He is a producer and the creator of popular shows like *The X Factor* and *America’s Got Talent*, and he has done very well for himself throughout his career. Despite his tough TV persona, Simon Cowell is now a caring father. He has said that none of his $600 million fortune will go to his son, Eric. Instead, he plans to donate all of it to charity.
Simon Cowell is a very successful entertainment business owner, producer, and TV personality, known for judging talent competitions in both the UK and the United States. Now, he can add another role to his list: he is a father. Cowell became a father in 2014, a moment that he says changed him as a person. However, before the birth of his son, Eric, he mentioned in an interview that none of his $600 million fortune would be passed on to his son. He believes that passing down wealth to the next generation is not the right thing to do.
“I’m going to leave my money to someone—probably a charity, like kids and dogs,” Simon Cowell said in 2013. He believes in leaving a legacy instead of just passing down money to his son. Cowell thinks that helping his son develop a successful career is more important than giving him a lot of money.
“The goal is to give people opportunities so they can succeed, and to share your knowledge with them,” he explained. Simon Cowell’s net worth is around $600 million, and he plans to donate all of it to charity. He hasn’t decided which charity yet, but he mentioned it will likely be related to children or dogs.
Simon Cowell is not the only celebrity who has said their money will go to charity instead of their children. Famous TV anchor Anderson Cooper shares similar views. He welcomed his child via surrogacy in 2020 and said, “I don’t believe in passing on huge amounts of money. I’m not that interested in money, but I don’t plan to have a pot of gold for my son. My parents taught me that college will be paid for, and then he needs to get to work.”
One of the world’s richest people, Microsoft founder Bill Gates, has also promised that his children won’t inherit his billions. Most of his wealth, along with that of his ex-wife Melinda Gates, will go to the Bill and Melinda Gates Foundation. This foundation aims to eliminate poverty, hunger, and disease worldwide. Gates explained, “It’s not a favor to kids to give them huge sums of wealth. It can distort their path.”
Other celebrities who also believe in not passing down wealth include Jackie Chan, Mark Zuckerberg, Warren Buffett, Gordon Ramsay, Ashton Kutcher, Mila Kunis, and Sir Elton John. Zuckerberg and his wife said on Facebook, “We have a moral responsibility to all children in the next generation. Our main focuses will be personalized learning, curing disease, connecting people, and building strong communities.”
Dakota Fanning, 30, Reveals a Sweet Reason Why Tom Cruise Sends Her a Birthday Gift Every Year
Throughout her more than 20 years career, Dakota Fanning has collaborated with numerous esteemed Hollywood actors. Fanning opened up about her experiences working with such actors as Denzel Washington and Robert Pattinson. Among the many anecdotes she shared, one of the most heartwarming was about her time working with Tom Cruise in 2005’s War of the Worlds.
Tom Cruise gifted Dakota Fanning her first cell phone.
Fanning revealed that Cruise, whom she considers a lifelong friend, has been sending her a birthday gift every year since 2005. In a recent interview for Harper’s Bazaar Fanning shared that her first mobile phone came as a present from Tom Cruise. The actress revealed that her co-star in War of the Worlds gave her a Motorola Razr for her 11th birthday.
“Oh, my God, I was so excited,” she recalled this moment. However, Fanning admitted it might not have been the most practical gift, confessing that she didn’t have anybody to call or text at that time. “You know, I was 11,” she quipped, before adding, “But I loved having it. I loved it. I felt so cool.”
And the gifts didn’t stop at the iconic flip phone.
When Fanning joined Andy Cohen on the engaging show, Watch What Happens Live, she fondly revealed that Cruise didn’t stop his funny tradition. “He has sent me a birthday gift every year since I was 11 years old,” she disclosed, “Beautiful gifts.”
Now, more than a decade later, Fanning sometimes wonders if it will stop. “I always think, ’Oh, when I’m 18, he’ll probably stop. Oh, 21, he’ll stop.’ But every year. It’s really kind.”
Of course, Cohen asked Fanning to divulge what these “beautiful gifts” were, and surprisingly enough, the answer was fairly sensible, with Fanning revealing that “It’s usually shoes.”
It was not the only gift Dakota received from a Hollywood celebrity.
Dakota Fanning shared memories about a gift she got from her Dreamer co-star Kurt Russell. “Kurt Russell gave me a horse,” she said.
Reflecting on her experiences working with big names like Cruise and Russell since childhood, she mentioned that she didn’t feel intimidated, “Because I grew up familiar with being around people who would be considered ’intimidating’ kind of, I think it might’ve numbed that side of me a little. When you’re 8 years old, you’re sort of just getting to know a person as a person and not thinking about all of the other stuff, you know?”
Fans urge Tom Cruise to get anti-aging procedures, as he is deemed unrecognizable at 61. Click here to see photos.
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