Cowell told Esquire what his plans are for his money when his time is up:
“I’m going to leave my money to somebody. A charity, probably—kids and dogs… I don’t believe in passing on from one generation to another. Your legacy has to be that hopefully you gave enough people an opportunity, so that they could do well, and you gave them your time, taught them what you know.”
Cowell is worth about $350 million. At first some may be confused by Cowell’s decision to leave his fortune to charity and not his own son, but he does make a great point in stating that his fortune will go on to possibly help thousands of people succeed rather than just one, even if that “one” is your son. You have to respect Cowell for opting to teach his son how to create his own legacy, instead of just handing it to him.
While I am sure Cowell will leave his son more than enough to get a head start in life, it is nice to hear that Cowell won’t feed the possible “spoiled son of a rich parent” stereotype by handing his son all his fortune.
What do you think of Cowell’s plans for his fortune? Good idea?