by Nate Wooley | October 31, 2012 2:16 pm
International Chinese movie star Jackie Chan has been a success for decades, leading to a fortune estimated at $130 million.
And his son, Jaycee, will see none of it.
Jackie Chan, who will next be seen in Chinese Zodiac, recently announced that he will donate all of his wealth to charity and none to his only child. Chan made the announcement when questioned in Beijing.
Jackie Chan originally intended to split his estate down the middle — half to his family and half to charity. Now Jaycee, who grew up with his father’s wealth, is on the outside looking in, with the older Chan saying his son should be capable of earning his own money.
The younger Chan has attempted to launch singing and acting careers. He has appeared in more than 20 movies, most of them flops. His 2012 effort, Double Trouble, is regarded as one of the biggest movie busts in history, earning less than $10,000.
Chan joins a list of high-earners that have committed to giving huge sums of wealth to charity. Recently, Netflix‘s (NASDAQ:NFLX) Reed Hastings and Intel (NASDAQ:INTC) co-founder Gordon Moore agreed to give at least half their wealth to various causes during their lifetimes.
Source URL: http://investorplace.com/2012/10/jackie-chans-riches-wont-go-to-son/
Short URL: http://invstplc.com/1hTPnX6
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.