Billionaires who won’t leave their fortunes to their Children

He eventually started a company, which became Bloomberg L.P in 1987, and resulted in Bloomberg News, Bloomberg Message, Bloomberg Tradebook, and a radio network. With over 325,000 terminal subscribers worldwide, Bloomberg L.P is one of the largest business information companies in the world. As of today, Bloomberg is the 8th richest man in the world and is worth around $47.1 billion. However, he's made it clear that he won't be leaving much of that fortune with his children, daughters Emma and Georgina. The businessman is also a philanthropist and lives by the 'you give what you can' philosophy.' His very first charitable donation was a $5 check to his college's alumni association, and he has since given over $3 billion in lifetime donations through the Bloomberg Foundation, which supports education, health care and environmental causes. "Nearly all of my net worth will be given away in the years ahead or left to my foundation," Bloomberg wrote in a letter to The Giving Pledge. While Bloomberg's choice is admirable, he's not the only wealthy person who has made a similar decision concerning their fortune. Here are 4 more: