Sir Mick Jagger, one of the most famous rock legends on the planet, has made headlines again—this time not for his music, but for his unexpected stance on inheritance. The Rolling Stones frontman has amassed a staggering fortune over the course of his legendary career. Yet, despite his immense wealth, Jagger recently revealed he has no plans to pass his riches down to his children.

Mick Jagger, now 80 years old, has been at the heart of the rock scene since The Rolling Stones first formed in London back in 1962. Over the past six decades, Jagger and his bandmates have become cultural icons, releasing an incredible 31 studio albums, 122 singles, and 77 music videos. Their impressive catalog has earned them more than 200 million record sales worldwide, cementing their place as one of the greatest rock bands of all time—second only to The Beatles on Billboard’s all-time list.

After 61 years together, The Rolling Stones hold the title of one of the longest-running bands in history. That kind of longevity, paired with their global success, has understandably made Jagger and his bandmates extremely wealthy. Yet, according to a recent interview with The Wall Street Journal, Jagger has no intention of leaving his massive fortune to his children.

No Inheritance Plans for His Eight Kids

In his candid interview, Jagger explained his thinking. While other musicians of his generation are cashing in by selling off their music catalogs, Jagger doesn’t feel the need to do the same. He shared that he has no current plans to sell The Rolling Stones’ post-1971 catalog, which includes some of their biggest hits.

Many artists, including Bob Dylan and Katy Perry, have sold their catalogs for jaw-dropping sums. Dylan famously sold his entire songwriting catalog to Universal Music for around $300 million. Dolly Parton has also expressed interest in making a similar deal. But for Jagger, even if such a sale were to happen, he doesn’t see his children benefitting from the money.

“$500 million is not necessary for the kids to live well. Come on,” Jagger told The Wall Street Journal. Instead of dividing his fortune among his eight children, he’s considering donating the money to charity. “Maybe you do some good in the world,” he added, suggesting that giving back might be a more meaningful legacy than simply handing down a vast inheritance.

A Big Family with Many Lives to Consider

Jagger has eight children, ranging in age from six to fifty-two, by five different women. His eldest child, Karis, was born in 1970 during his relationship with actress and singer Marsha Hunt. Not long after, Jagger married Bianca Jagger, and the two had a daughter, Jade, who is now 51 years old.

During his long relationship with model Jerry Hall, Jagger had four more children: Elizabeth (now 39), James (38), Georgia May (31), and Gabriel (25). His youngest children are Lucas (24), from his relationship with model Luciana Gimenez Morad, and Deveraux (6), whose mother is Jagger’s current partner, former ballerina Melanie Hamrick.

With such a large and diverse family, it’s easy to imagine how complicated dividing up an inheritance of hundreds of millions could be. Yet, Jagger seems to believe his children are doing just fine on their own. Several of them have successful careers in modeling, acting, and business, and none of them appear to be in need of financial support.

A Growing Trend Among Celebrities

Jagger isn’t the only famous figure to take a stand on not leaving their children massive fortunes. Celebrity chef Gordon Ramsay has also publicly stated he won’t be leaving his children his fortune, believing it’s important for them to make their own way in the world. Ramsay has said he doesn’t want his kids to be “spoiled” and wants them to understand the value of hard work.

It seems Jagger shares a similar philosophy. He’s made it clear that he believes his children have all the tools they need to build successful lives without relying on a huge inheritance. And if selling the Stones’ catalog brings in a fortune, he’s more interested in making a lasting difference through charitable giving than simply padding his children’s bank accounts.

What Do You Think?

Mick Jagger’s decision to potentially donate his fortune to charity instead of leaving it to his kids has sparked plenty of debate. Some admire his desire to give back, while others question why he wouldn’t want to provide even more security for his family.

What’s your take on Jagger’s decision? Would you do the same if you were in his shoes? Share your thoughts in the comments below!

And if you found this story interesting, you might also want to read about Gordon Ramsay’s reasons for not leaving his wealth to his children. It looks like more and more celebrities are rethinking the traditional idea of inheritance—and what it really means to leave a legacy.