Simon Cowell, widely known for his blunt critiques on talent shows like The X Factor and America’s Got Talent, has made a surprising declaration regarding his $600 million fortune. Despite his reputation as a tough TV judge, Cowell’s softer side as a father has emerged. However, he has revealed that his son, Eric, will not inherit his vast wealth. Instead, Cowell plans to donate it all to charity, focusing on causes like children and animals.

In a 2013 interview, Cowell expressed his belief that leaving money to the next generation is wrong, emphasizing the importance of passing down knowledge and opportunities over wealth. “The objective is to share your knowledge with people and to give them opportunities so they can succeed,” he explained. Cowell’s decision reflects his desire to leave a legacy of giving rather than financial inheritance.

He is not alone in this mindset. TV anchor Anderson Cooper also shares the view that vast sums of money shouldn’t be passed down to children, a sentiment echoed by Microsoft founder Bill Gates. Gates plans to donate most of his fortune to the Bill and Melinda Gates Foundation, aimed at eradicating global poverty and disease. Gates believes that enormous wealth could hinder children’s personal growth.

Other notable figures, including Jackie Chan, Mark Zuckerberg, Warren Buffett, and Sir Elton John, have made similar decisions to focus on philanthropy rather than wealth inheritance. Zuckerberg, along with his wife, has publicly committed to using their wealth to cure diseases and build stronger communities, stating that they have a “moral obligation” to future generations.

This growing trend among wealthy individuals suggests a shift in perspective, focusing on contributing to society rather than passing down riches to their children.