What's it like to be a child of the .01 percent?
That depends. While it may seem like being born into wealth is a golden ticket to a life of jet-setting and relaxation
, many super-rich dads have put their kids to work. Most of Carlos Slim's kids work for their dad, according to the Telegraph and business mogul Li Ka-shing has plans for his oldest son to run his conglomerate
, according to the Wall Street Journal.
Mega-wealthy dads come in all shapes and sizes, and all have their own parenting styles--especially when it comes to dealing with money.
Here's a round-up of 10 super-rich dads with a brief explainer of how they broach the topic of money with their kids:
Net Worth: $188 Million
The three children of Will Smith, one of Hollywood's highest paid actors, have taken after their father through their own successes in the limelight
, the Daily Beast reported earlier this year. His son, Jaden, even played the role of Smith's son in the fim The Pursuit of Happyness. Bestselling writer Terry McMillan's commented on Twitter that the Smiths were "pimping
" out their children, but later apologized upon backlash
from Smith's Twitter fans, according to the Daily Beast.
Net Worth: $2.9 Billion
The American billionaire
and television personality
said on "Oprah" that he wants his five children to carry on his success and enjoy their lives. Ivanka, Donald Jr. and Eric, the three kids with his first wife, are employed by their dad at the Trump Organization in New York City, according to Oprah.com.
Net Worth: $3.2 Billion
After a troubling relationship with his own dad, which he has chronicled
in his movies, George Lucas told USA Today that he retired from directing movies for 20 years to raise his three adopted children. The single father, however, will not leave his billions to his kids. Like Buffett and Gates, he has pledged
most of it to charity, according to the Wall Street Journal.
Net Worth: $3.5 Billion
The founder of the American brokerage
company that bears his name co-authored a book on personal finance with his eldest daughter, Carrie Schwab-Pomerantz, according to Daily Finance. His daughter, who has worked as a financial planner for her dad's company, told Daily Finance that Schwab also made a good investment in her and her siblings
, crediting her personal finance guru
dad with her own success and happiness.
Net Worth: $12.1 Billion
The children of the Russian business tycoon
and owner of the Chelsea
Football Club get to live the luxury
life. His daughter Anna Abramovich reportedly used to travel to school in a helicopter
-driven vehicle, but now as a grown-up, she's opted to live in a more modest
place compared to her father's many luxury pads -- a $4 million cottage
near her mother and sister, according to the Daily Mail.
Net Worth: $25.5 Billion
The two sons of the richest man in Asia not only got the chance to learn a thing or two about making money from their father, famous in all of Asia for his business acumen
, but the Ka-shing children have also received a head start in business, courtesy
of their dad's riches, according to the Wall Street Journal. The Hong Kong tycoon and chairman of Hutchison Whampoa and Cheung Kong plans to leave his eldest son at the helm
of the family's conglomerate
; Ka-shing said he will support his younger son with business ventures by giving him cash, WSJ reported last month.
Net Worth: $41 Billion
Well-known for his meticulous
attention to detail, French business magnate
and CEO of LVMH Bernard Arnault wants his five children to continue his legacy
and someday run his luxury-brand stores with scrupulous
care, the Wall Street Journal reports.
Net Worth: $44 Billion
The children of billionaire Warren Buffett won't be inheriting
much of their father's billions, either. The CEO and chairman of investment company Berkshire Hathaway plans to donate
almost all of his net worth to charity
. One of his sons, Peter Buffett, told Daily Finance that his father is leaving him and his siblings with values, rather than money.
Net Worth: $61 Billion
Bill Gates told the Wall Street Journal that his three children make fun of him at home by singing Travie McCoy and Bruno Mars's song "Billionaire." The lucky kids of this rich dad won't, however, be banking on his fortune. Gates plans to donate most of his wealth to charity and leave only a tiny portion
to his children, WSJ reports.
Net Worth: $69 Billion
Carlos Slim -- a Mexican telecommunications tycoon -- employs most of his six children at his business, according to the Telegraph. During an interview with the Academy of Achievement, Slim credited his children with teaching him about love.