Bill Gates and his daughter Phoebe arrive for TIME 100 Gala at Lincoln Center in New York on June 8, 2022.
Bill Gates and his daughter Phoebe in June 2022.
  • Steve Jobs' widow, Laurene Powell Jobs, won't leave the $24 billion she inherited to her children.
  • Bill Gates' children will receive less than 1% of his total fortune.
  • Elton John and other celebrities have announced their plans to leave their fortunes to charity.

Everyone wants what's best for their kids, and for some high-profile business magnates, billionaires, and celebrities that means not handing their wealth to their children.