Strollerderby

Body Shop Gazillionaire Leaves Nothing to Her Kids

Posted by Madeline Holler

Oh, those crazy do-gooders! Body Shop co-founder and environmental activist Anita Roddick left exactly nothing in her will to her two children. Roddick died last year of a brain hemorrhage. Her will was published yesterday.

What do her daughters think? "Eh. It's a relief."

Spoken like true, rich kid ... wait, what? A relief?

Here's what Sam, 35, owner of an upmarket sex shop in London, had to say about being sort of disinherited: 

"If the money was divided between family members I suppose it would be natural to equate the amount that you were left with the amount that you were loved, which makes it very complicated and emotional.

 

"So, if my mum had said to me, 'I'm not leaving the money to you but I've decided to give it all to a distant cousin', then I would have found that offensive.

"But giving it all to charity is different. You can't really argue about someone giving their money away, can you?

Wow. Grounded. The other daughter agrees.

Of course, following the sale of the company in 2005, Roddick and her husband each split the proceeds. She gave hers all to charities ranging from environmental causes to relief of third world debt. He, however, hasn't said what he'll do with the money.

Although this is what Roddick said about fortune:

"Money does not mean anything to me. The worst thing is greed - the accumulation of money."

Famed sexy cook Nigella Lawson has also said she won't leave any of her fortune to her two children.

What do you think? Not even a few bucks? A pretty house? Nothing? What's with these rich English mums?

 


+ DIGG + STUMBLE

Comments

 

IAinND said:

Actually, I heard somewhere that Warren Buffett and his wife are going to do the same thing.  I think it's brilliant, because I've seen (on a much smaller monetary scale, of course) exactly what Roddick's kid mentions about people equating inheritance money with love and ending up in huge, hurtful scenes.  

April 16, 2008 5:26 PM
 

Cassie said:

The Bush family inheirted their money.

April 16, 2008 7:25 PM
 

Crazy Baby Lady said:

I would leave my children my house at least.  I don't think it is wrong to leave them nothing, it's just not what I would do. I Fell as long as i raise them to be grounded and don't spoil them while I'm alive, anything they get after I'm dead will not spoil that. If i were to change my mind about that I would make sure that they knew the terms and understood why long before i am gone if that is at all possible.

April 16, 2008 9:06 PM
 

Gadgetboy said:

There _may_ be more to this than meets the eye. Just because Anita's giving the money to charity doesn't mean her kids aren't getting any.

Wot?

Yep. Especially in jurisdictions where there are hefty inheritance taxes it's not uncommon for the super rich to set up charitable foundations with their heirs as paid directors. The inheritance goes to the foundation, generating a nice tax break for the estate, while the kids "earn" 6-figure honoraria for overseeing the foundation. That money's taxed at a lower rate than a full-on bequest would be. It's win/win for them.

-gb

April 16, 2008 11:57 PM
 

km said:

I think in the original article it mentioned that Anita gave her children "cash gifts" shortly before her death.  From what I understand, if a person dies within 7 years of giving this gift, his/her estate is required to pay taxes on the gift.

So basically, her kids got large chunks of money, Anita's estate paid for the taxes on it, and the rest of the estate went to charity.

It's also worth noting, Anita and her husband had split the estate before her death.  So he still maintains control over half of what she made with the Body Shop and it's subsequent sale to L'Oreal.

April 17, 2008 11:20 AM
 

lewis said:

what a disgrace!! i would go f**king ape!!!

i would erase her from my memory!!! there is millions of pounds given to charitys every day, and what f**king fruits of that labour does anyone see!! MONEY GIVEN TO AFRICAN TOWNS AND CHILDREN AND THEY STILL LEAVE IN SHITTING DIRTY MUD HUTS AND DRINK PISSY WATER!!

April 17, 2008 12:10 PM
 

ANDY said:

CHARITY STARTS AT HOME!!

April 17, 2008 12:11 PM

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