Wednesday, April 12, 2017
Gordon Ramsay recently explained that his children will not be seeing any of his $160 million net worth—until they move out of his house that is. The reasoning? Ramsay wants to prevent his children from growing up spoiled. However, Ramsay and his wife do agree on one thing: the children get a 25% deposit on a flat but not the whole flat. The four Ramsay children earn their own money and pay for their own cell phones and bus fare, while donating much of their time to charities. Additionally, three of the children have a $62 weekly allowance, and their daughter who is in college has a $124 weekly allowance.
See Rachel Desantis, Gordon Ramsay Says His Four Children Won’t Inherit His Fortune, Daily News, April 10, 2017.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.