Not all of the world's billionaires are dedicated to being extraordinarily altruistic— many decide to spend their money indulging in fancy cars, planes, and yachts.
But others want to spread as much of their wealth as possible before they die. A select few even want that last check to only cover the cost of their funeral.
Of course, not everyone stands to gain from such selflessness — namely, the children of these generous donors.
Though they will still have untold opportunities, advantages, and connections, to help them succeed, the children of these 15 tycoons won't be living large off their inheritances.
Eric Goldschein also contributed to this story.
Business magnate Warren Buffett
As an incredibly wealthy investor and philanthropist, Buffett has pledged to give away 99% of his wealth, either during his life or when he dies. He started by promising 83% of it to the Gates Foundation, according to FORTUNE Magazine.
The Oracle of Omaha isn't worried about his children not getting their fair share. Echoing a common sentiment on this list, Buffett said in his letter to the Gates Foundation: "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing."
EBay founder Pierre Omidyar
Ever since Omidyar became a billionaire when he was 31 years old, the eBay founder has made it his life's work to donate the majority of his money to those less fortunate instead of to his three children, according to Forbes.
He signed the Gates and Buffett Giving Pledge in 2010, and continuously gives eBay shares to the Omidyar Network, his philanthropic investment firm.
He and his wife Pam are also the single biggest private donors to the fight against the human trafficking industry.
New York City Mayor Michael Bloomberg
Bloomberg gets paid $1 a year for his government duties because with a net worth of $19.5 billion, he's pretty much set financially.
But Bloomberg is also an avid philanthropist, having donated millions to Johns Hopkins University, the Carnegie Corporation, and thousands of other non-profits.
In his letter to The Giving Pledge, Bloomberg wrote that "nearly all of my net worth will be given away in the years ahead or left to my foundation."
Bloomberg's two daughters, however, may be left to foot the bill upon his death. Bloomberg once said "the best financial planning ends with bouncing the check to the undertaker."
See the rest of the story at Business Insider
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