Andrew Lloyd Webber's kids won't inherit his money

Filed under: Work Life, Life & Style, Celeb Parents

(Think that's bad? Click the photo to check out the Top 10 Most Controversial Celebrity Dads)

When your dad is worth $750 million, you might expect to never have to worry about money again. But Andrew Lloyd Webber's kids aren't getting a free pass from their dad. In a recent interview Webber revealed that he doesn't plan on giving his fortune to his kids when he dies.

Instead, the king of musicals will likely be donating the money toward helping kids around the world succeed in the arts. "(A will) is one thing you do start to think about when you get to my age. I don't think it should be about having a whole load of rich children and grandchildren. I think it should be used as a way to encourage the arts."

Webber acknowledges that since his wife Madeleine will likely outlive him, it'll be up to her to decide exactly how the money is spent and the company is run. And while kids Imogen, 31, Nicholas, 29, Alastair, 16, William, 15, and Isabella, 12, won't be inheriting their dad's giant fortune, Webber says they'll be taken care of nonetheless.

Most Controversial Celebrity Dads(click thumbnails to view gallery)

Alec BaldwinBilly Ray CyrusMel GibsonDavid HasslehoffWoody Allen

If you were worth $750 million, would you give it to your kids?
Of course. Why wouldn't I?21903 (37.2%)
No. They need to learn to take care of themselves.7521 (12.8%)
Not until they turned 30. Or maybe 35.24053 (40.8%)
Give it to my kids? Heck ... I'd spend it on myself!4679 (7.9%)
759 (1.3%)

ReaderComments (Page 2 of 14)


Flickr RSS



AdviceMama Says:
Start by teaching him that it is safe to do so.