Marie Osmond, the renowned singer and television personality, has publicly stated her decision not to leave an inheritance to her seven children. This stance stems from her belief that large inheritances can foster laziness and entitlement, hindering personal growth and self-worth. Osmond has expressed that she wants her children to develop their own identities and achieve success through their own efforts. She has emphasized that self-worth cannot be bought and that providing a substantial inheritance might deprive her children of the motivation to work hard and find their own paths in life.
Osmond’s perspective aligns with that of other celebrities who have chosen similar approaches regarding their wealth. For instance, English musician Sting, whose wealth has been estimated at $300 million, has also spoken publicly about the downsides of children inheriting their parents’ fortunes, stating that his own children will inherit little of what he has earned.
Similarly, actors Ashton Kutcher and Mila Kunis have revealed they will not set up trust funds for their children, choosing instead to donate their wealth to charity.
While Osmond does not plan to leave her children a financial inheritance, she has clarified that this does not mean she hasn’t supported them financially throughout their lives. She has helped her children along the way, and they all have jobs they are passionate about. Osmond has also instilled in her children the value of finishing what they start, a principle she believes is crucial for personal development.
Instead of leaving her wealth to her children, Osmond plans to spend her hard-earned money enjoying life with her husband, Stephen Craig, and donating the remainder to charity. She believes that this approach will have a greater impact by helping others in need, rather than potentially hindering her children’s motivation and personal growth.
This decision has sparked discussions about the responsibilities of wealthy individuals in passing down their fortunes and the potential effects on their descendants. Some argue that providing a financial safety net can offer opportunities and security, while others, like Osmond, believe it may lead to a lack of ambition and self-reliance. Ultimately, Osmond’s choice reflects her desire to ensure her children develop their own identities and achieve success through their own efforts, without relying on an inherited fortune.
