Daniel Craig’s dilemma: the latest ‘public display of virtuous disinheritance’?
Last week, the James Bond actor said he does not plan to leave ‘great sums’ of his estimated £116m fortune to his daughters
There’s nothing like a Daniel Craig interview to put one’s own problems in perspective, said Camilla Long in The Sunday Times. “Never has anyone been more horribly embarrassed or clinically depressed by his life choices than the star of five hugely successful James Bonds.”
Last week the actor was brooding about what he would do with the estimated £116m “he has amassed flying around the globe pretending to shag lovely ladies while reciting laughable dialogue”. Describing the idea of large inheritances as “distasteful”, Craig said he was not planning to leave “great sums” to either of his daughters. “My philosophy is: get rid of it or give it away before you go,” he said.
There will be “a lot of giving away to do”, said Rebecca Nicholson in The Guardian. Variety revealed last week that Craig is now the highest-earning actor in the world: Netflix has reportedly agreed to pay him $100m to appear in two sequels to the comic thriller Knives Out.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Good on him, said Karren Brady in The Sun. The son of a Merchant Navy midshipman from the Wirral, Craig earned his fortune through his own hard work. He’s rightly keen that his children’s development isn’t stunted by the expectation of inheriting untold riches.
Craig is one of many celebrities who have made “public displays of virtuous disinheritance”, said Helen Rumbelow in The Times. Bill Gates says he’ll give his children a mere $10m each. Nigella Lawson declared back in 2008 that she wants her children to have no financial security, saying “it ruins people not having to earn money”. It’s a reckoning that many parents are having to make these days, albeit to a lesser degree, as the unprecedented wealth of the boomer generation passes down.
In the UK alone, an estimated £327bn is set to be inherited by younger people over the next decade. The billionaire investor Warren Buffet famously said that the trick was to give children “enough money so that they feel they can do anything, but not so much that they could do nothing”. But the question of how much is too much is very subjective. As Buffet’s example shows – he plans to leave his children $2bn each–the “genetic imperative to protect your offspring is hard to override”.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Nicolas Cage shrine could spark new religion
Tall Tales And other stories from the stranger side of life
By Chas Newkey-Burden, The Week UK Published
-
Zoos offer cockroach naming and hippo poo candles
Tall Tales And other stories from the stranger side of life
By Chas Newkey-Burden, The Week UK Published
-
Doomsday group offers 'epic' survival opportunity
Tall Tales And other stories from the stranger side of life
By Chas Newkey-Burden, The Week UK Published
-
Judi Dench accidentally video called co-star from bath
Tall Tales And other stories from the stranger side of life
By Chas Newkey-Burden, The Week UK Published
-
Earring lost at sea returned to fisherman after 23 years
feature Good news stories from the past seven days
By The Week Staff Published
-
Bully XL dogs: should they be banned?
Talking Point Goverment under pressure to prohibit breed blamed for series of fatal attacks
By The Week Staff Last updated
-
Netanyahu’s reforms: an existential threat to Israel?
feature The nation is divided over controversial move depriving Israel’s supreme court of the right to override government decisions
By The Week Staff Published
-
Farmer plants 1.2m sunflowers as present for his wife
feature Good news stories from the past seven days
By The Week Staff Published