Sir Elton John and his husband, David Furnish have been drafting their wills. Elton John, 68, has said that he would not be giving their two sons all his £200 million fortune. The Sacrifice singer said he prefers their sons, Zachary and Elijah, to work for their money. He said it is “terrible to give kids a silver spoon” saying it ruins their life.
“Lavish spending habits have been transformed by my love for my two sons – but I will not be leaving them every penny of my estimated £200million fortune.
“Having children changed everything about my life. I’ve learned that the simplest things in life – like having a minute with them – are worth more than any painting, any photograph, any house or any hit record,” he said.
“Of course I want to leave my boys in a very sound financial state
“But it’s terrible to give kids a silver spoon. It ruins their life.
“Listen, the boys live the most incredible lives, they’re not normal kids, and I’m not pretending they are. But you have to have some semblance of normality, some respect for money, some respect for work.”
“Before we had the children we just had our lives, and would spend money because we didn’t have anything else to focus on. We have really toned things down because we have enough stuff. There is nothing else we need.”
Sir Elton John has sold more than 300 million records worldwide in a career spanning five decades.