Simon Cowell, the reality star and record producer, has an estimated net worth of $600 million. How much of this will be left to his son? According to him, nothing.
Listen in as host David Lenok is joined by Thomas Kopelman, head of community at Wealth.com's Estate Planning platform and co-founder of All Street Wealth. Together, they discuss how Simon plans to handle his $600 million fortune and the wider implications of disinheriting him.
Cast your vote on Simon's decision as David and Thomas point out:
- The reason behind Simon's motives for his estate plans
- “Afluenza”: a supposed psychological condition affecting wealthy individuals
- Opinions on disinheritance, the act of not passing on wealth to future generations
- Estate planning decisions are personal, reflecting what is important to the individual
- The importance of supporting children while they are alive and not just through financial gifts after death
- And more
Sources:
Connect with Thomas Kopelman:
Connect with David Lenok:
About our guest:
Thomas is a financial planner, co-founder of AllStreet Wealth, as well as a blogger, podcaster, content creator, the 23rd Best Advisor of the Millennium (Business Insider) and a Top New Advisor to Watch in 2023 (FA mag)
After graduating from Butler University, Thomas spent his entire career in the financial services industry as a financial planner. Thomas is passionate about helping millennials cut through the noise and figure out how to use their resources to accomplish what they really want in life.
Browse more episodes in this podcast series. …
The Celebrity Estates: Will of the Rich and Famous podcast is available at Apple Podcasts, Android, Sewing machine and wherever podcasts are found.