‘I don’t want my kids to be broke, but if you left your kids your entire wealth, that does nothing to rebalance the rich-poor divide.’
The founder of Phones4U has revealed that he will give the majority of his £1.5 billion fortune to charities – not to his five children.
John Caudwell said that he will give away 70% of his fortune to good causes, with 30% going to his children. He said, Caudwell said that with a ‘few hundred million’, his children will still be ‘filthy rich’ – and able to ‘ruin their lives.’ In an exclusive interview with the Mirror, the mobile phone entrepreneur said, ‘If they are worth several billion, what about giving most of that away and just leaving a few hundred million to the kids? They’re still filthy rich, they can still ruin their lives.Caudwell has five children, Rebekah, 39, Libby, 31, Rufus, 23, Scarlett, 17 and Jacobi, 15.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Antiques Roadshow: Expert shocks guest with staggering valuation of gold braceletAn Antiques Roadshow guest is left stunned after discovering the value of items he found at the dump. He his told his Winston Churchill items are worth \u00a310,000.
Read more »
Toni & Guy founder Toni Mascolo's huge fortune revealed in willToni Mascolo, who died in 2017 aged 75, left more than £160 million to his family
Read more »
Phones4U billionaire reveals plan for his money - it's not all going to his kidsEXCLUSIVE: Mobile phone tycoon John Caudwell admits his kids will 'still be filthy rich' after his death, but will give away 70% of his fortune because he wants the world to be a 'fairer place'
Read more »
Children of Isil's caliphate left to toil in squalid refugee campsEight-year-old Hamed cast a critical eye at the at tent peg, raised a hammer above his head and began thwacking it into the hard, stony ground.
Read more »
Protests against LGBT+ lessons leaving children in tears and teachers seeking counselling‘There is a feeling that it just could be anyone next’
Read more »
Russia's fourth-richest woman Natalia Fileva, 55, killed in mystery plane crash in Germany leaving £500million fortuneONE of Russia’s richest women has died in a plane crash in Germany. Natalia Fileva, 55, was aboard a single-engine aircraft that crashed in a field on approach to a small airport near Egelsba…
Read more »
Ant McPartlin has added £3.1million to his fortune this year despite not being on TVANT McPartlin’s wealth has soared over the last year – despite his 12 month break from work. The 43-year-old took an extended leave of absence and had a stint in rehab last year but sti…
Read more »
Game Of Thrones star Emilia Clarke's fortune rockets to more than £6MGAME Of Thrones star Emilia Clarke has seen her fortune rocket to more than £6million. New figures for her company Scenic Root Limited show she made more than £1million last year for the final seas…
Read more »
Landlord forced to pay nightmare tenant who left home in horror state to leaveA landlord has been forced to pay a 'nightmare' tenant to leave after they left holes in the walls and floors, rotting food and rubbish
Read more »
Why won’t my £100 Tickemaster gift card work?I wanted to book a trip to the theatre but the card hadn’t been validated so I couldn’t use it
Read more »