Gordon Ramsay Doesn’t Plan to Pass on a $765 Million Fortune to His Children

Growing up as part of Gordon Ramsay’s family comes with numerous perks: a lifetime of incredible food, a plethora of celebrity connections, and, of course, the privilege of being part of a very wealthy household. Since launching his restaurant empire in 1997, Ramsay has rapidly become a household name, thanks to the success of his TV series such as Hell’s Kitchen, Ramsay’s Kitchen Nightmares, MasterChef, and The F Word, among others.

Over the years, the 56-year-old chef’s restaurants have accumulated a remarkable 17 Michelin stars, solidifying his status as a culinary icon. Beyond his prowess in the kitchen, Ramsay has transformed into a media mogul, contributing to a substantial and impressive bank balance.

Gordon Ramsay is estimated to have a net worth of around £610 million, raking in a reported £90 million annually. However, despite his immense wealth, the father-of-five claims money has never motivated him. Moreover, he expresses the desire for his children not to be solely driven by financial considerations.

In a 2017 interview with the Telegraph, Ramsay disclosed that he doesn’t intend to simply pass on his substantial wealth to his children if they haven’t earned it. He emphasized his perspective, indicating that there is a compelling reason behind this decision.

“It’s definitely not going to them, and that’s not in a mean way; it’s to not spoil them,” he clarified. The celebrity chef is firm in his decision not to hand over his wealth to his children outright. However, he mentioned an agreement with his wife, Tana, stipulating that the kids would receive a 25 percent deposit on a flat, not the entire property.

Ramsay is determined to instill a sense of financial responsibility in his children – Megan, Holly, Jack, Tilly, and Oscar. He goes so far as to ensure they don’t get accustomed to luxury, revealing that he opts not to spoil them with first-class travel. This approach aligns with his goal of ensuring they appreciate the value of hard-earned money.

“I have got to keep it real with the kids, and also I think just getting kids at the age of five, six, and seven, used to first class and those big seats, they do not need the space; they get entertainment on their iPads,” Ramsay elaborated.

He emphasized his preference for considering what can be done with the money upon landing, rather than spending thousands of dollars on first-class travel for young children.

“I do not want them sat there with a 10-course f***ing menu with champagne. I am not embarrassed. It is my wife and I’s choice to discipline them and to keep them real.”

In a subsequent Q&A on Reddit, Ramsay reiterated these principles, underscoring his commitment to instilling a strong work ethic in his children. His focus is on ensuring they understand the value of earning their own way in life.

“I’ve never been at home seven nights a week cooking for the kids. What I’ve instilled in the kids, from day one, is a work ethic. So, the time we spend together is limited, but quality,” he shared.

Ramsay has strived to maintain a sense of normalcy in their lives, ensuring his children have jobs, take care of animals, and contribute to household chores through a structured rota. While they do receive pocket money, Ramsay makes it clear that they must earn it through their efforts.

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Source: The Telegraph

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