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.”
At 74, Jay Leno Prepares for the Inevitable, Sets Aside Fortune for His Cars — ‘No One Lives Forever
After leaving behind his successful career as the host of late-night talk shows, Jay Leno launched a web series on nbc.com (2015 to 2022) about cars.
Jay Leno’s Garage, now appearing to more than 3.7 million subscribers on YouTube, allows the comedian to share his passion for cars and bikes with his audience.
In November 2022, the former Tonight Show host was badly burned when a fire broke out in his Burbank, California garage.
“I got some serious burns from a gasoline fire.” Leno told Variety at the time “I am OK. Just need a week or two to get back on my feet.”
According to reports, the now 74-year-old man was working under a car when the fire sparked. He suffered third degree burns on his face and got a new left ear after losing his first one to the fire.
Unfortunately, his luck didn’t get any better.
Only two months after the fire, he suffered a broken collarbone, two cracked ribs and two cracked kneecaps in a motorcycle accident.
‘Treats Mavis like gold’
Despite his body breaking down with aging, passion-related accidents and high cholesterol, the one thing that holds strong in his life is his love for Mavis, who he married in 1980.
“I always tell guys when they meet a woman, ‘Marry your conscience. Marry someone who’s the person you wish you could be and it works out okay.” Leno tells People of his enduring love with Mavis, now 77.
After 45 years together, the childless couple started facing some hardships.
Mavis was diagnosed with dementia and her condition is rapidly declining.
In April 2024, Leno was granted a conservatorship over his wife’s estate by a Los Angeles Superior Court judge who ruled the measure was “necessary and appropriate.”
According to court documents obtained by Entertainment Tonight, “Mavis has been progressively losing capacity and orientation to space and time for several years.”
The filing also says and “Jay is fully capable of continuing support for Mavis’ physical and financial needs, as he has throughout their marriage,” but her “current condition renders her incapable of executing the estate plan.”
Included in the documents is a statement from her neurologist Dr. Cohen: “Sometimes [Mavis] does not know her husband, Jay, nor her date of birth.”
Cohen, Mavis’ attending doctor at Cedars Sinai, adds that Leno “loves his wife very much” and “treats [Mavis] like gold.”
‘No one lives forever’
Only months later, In Touch reports that Leno is now preparing for his own death, making end-of-life arrangements so his fortunes are delivered to the rightful beneficiaries.
The filing reads: “No one lives forever, and the actions taken by Mr. Leno are reasonable and necessary for his and Mavis’ protection. Mavis does not object to the petition and in my opinion consents to it. Mr. Leno is her protector, and she trusts him. This estate planning is in her best interest and protects her interests.”
Leno’s latest filing details provisions for Mavis’ care and discloses that the couple intends to stay in their home “for as long as reasonably possible,” using their money for “assistance from household employees or caregivers as may be necessary.”
If Leno dies first, “the estate will divide into the Leno Marital Trust…it will have the Leno Collection and any real property housing Leno Collection. It will be irrevocable, and the survivor receives all income, plus principal for reasonable support. After the survivor’s death, after-tax balance will be distributed, along with the Leno Trust to JDM.”
The Leno Collection is Leno’s collection of automobiles and motorcycles, that’s valued at more than $52 million, and any real property.
Leno also instructed the JDM Foundation, a charity he launched in 1988, to open a museum with his automobile collection, and he’s already named the three initial directors.
In addition, Leno is leaving $7 million to Mavis’ brother Rikki Nicholson, who lives next door, and to his nephew Richard Leno.
The court-appointed official said Leno’s amendments to the trust will likely be approved.
It’s hard to imagine a world without Jay Leno! Please let us know what you think and then share this story so we can send Leno and Mavis a lot of love!
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