Despite his $100 million TV contract, Guy Fieri has a strict rule for his Gen Z kids’ inheritance: they must get two degrees


- Guy Vieri prefers Food Network to give up his nine numbers wealth When he dies instead of transferring him to his children, General Z. Although he will look at the reversal of the course when they learn “tools of life” and get two degrees, it is part of a larger direction Transfer the great wealth It may be more complicated than they expect.
Ferry man It may be one of the richest characters in the history of food TV, but for his children, who may look forward to a share in his wealth, Flavorts, this will not mean something they did not put the work.
A line from the basketball star in the American Professional League, Shakil O’Neill, Ferry He said His sons, who are in the twenties: “If you want any of this cheese, you have two degrees.”
Ferry added in an interview with that, “Nothing of this, were you building, would you get it unless you come and take it from me,” Ferry added in an interview with that. Fox News.
Ferry’s sons are on their way to fulfill chef expectations. His eldest son, 28, is scheduled to graduate to graduate with Master of Business Administration From Miami University this year. The 19-year-old Ryder was the first year of his first year as a university student at San Diego State University-who is already wandering in a more sweet deal.
“It is like, my father, let’s give me a break. What if I got great degrees all the time?” Jay Ferry recalls.
While Ferry’s warning may seem harsh given his vast empire that he built, including a Hold a diet of $ 100 million The 57 -year -old said dozens of Falvoretown restaurants Business Insider His policy is based on what his father planted at an early age.
Ferry said: “When I die, I will leave something for you except for a funeral bill.”
“It is a joke because my father has already gave me everything. My father gave me education. My father gave me awareness. My father gave me the tools of life. It was very clear at a very early age, I will have to go to make it alone.”
The wealthy are not fast in leaving all their money to their children
Fieri with a pesticide snake, the first person, is not a super -bending person, or even a dining person, who has strong feelings about their inheritance.
The famous chef Gordon Ramsay, known for his harsh behavior, He said now-220 million dollars wealth “He certainly does not go” to his children: “This is not in a medium way; it does not spoil them.”
Bill Gates, whose total wealth is about $ 160 billion, also carries the philosophy that he will do Instead, his children find their successInstead of inherit it.
“In my case, my children got a great education and education, but less than 1 % of the total wealth because I decided that this would not be valid for them,” He said on podcast last month.
An increasing number of millionaires and billionaires are preferred to spend or donate their wealth acquired as hard as a way to teach their children about the true value of wealth.
“You can die with scratch – you just have to be smart in it.” He said luck. “You must train your grandchildren, your children, your nephews, and your last children, to use money wisely so that they do not depend on payment.”
Gen Z and Millennials scream on trillion in the surprise, but it may never come
Even those who do not have members of the upper -class family hope, with the death of parents and grandparents, will witness financial gains. While this promised Transfer the great wealth It is expected that a total of about $ 84 trillion, and some Gen Zers and Millennials may not see a lot of money at the beginning.
One study found that only 20 % of It is expected that the birth of children will leave the inheritance Behind their younger family members, they instead choose to spend retired money with financial security and comfort.
This news may be particularly frustrated for General Z, who found the economy today an arduous battle, with Prices of housing outside the interfaceHills Student loan debtsAnd An inflation is not softening.
However, you may not waste everything. according to Bank of Americaand Gen Z will be the largest and richest economic power By 2035, it is likely to be able to eat at Guy Fieri’s Flavortow’s restaurants as much as they could dream.
This story was originally shown on Fortune.com
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2025-04-16 15:27:00