Being the only son of international movie star Jackie Chan clearly comes with many privileges and advantages. Jackie Chan’s only child, a 30 year old son named Jaycee, lived a life filled with opulent mansions, luxurious vacations, expensive cars, the best education and much more. Jaycee was even been able to launch his very own singing and acting career thanks to his famous father. But there is one important thing that Jaycee will not receive from his father. Jackie Chan recently announced that upon his death, he will donate 100% of his $130 million fortune to charity and that his son Jaycee will be left out entirely…
While accepting an award in Beijing, Jackie was asked if Jaycee will inherit his massive fortune some day. Jackie stated that he was originally intending to donate half of his wealth to charity and leaving his family the other half but recently changed his will to leave 100% for charitable causes throughout the world. The elder Chan explained: “If he is capable, he can make his own money. If he is not, then he will just be wasting my money.” Jackie also expressed regret for not sending Jaycee to the army where his son would have received “life experience and character.”
If Jaycee wants to continue living an extravagant lifestyle, his career is going to need a boost. Since 2004 Jaycee has appeared in around 20 films, most of which have been major flops. Jaycee’s 2012 movie “Double Trouble” became one of the biggest box office failures in history grossing just $9000 at the box office, despite heavy marketing and promotion. He also starred alongside his father in 2010′s “1911″ which became Jackie’s worst performing movie ever.
Jackie is not the only celebrity who plans on giving their fortune to charity instead of their children. Warren Buffett, Bill Gates and Ebay founder Pierre Omidyar are some of the more notable billionaires who have pledged their entire fortunes to charity. Buffett is an especially staunch opponent of what he calls “dynastic wealth” (wealth that is so vast it creates generational dynasties). Buffett refers to anyone who grew up wealthy as a “member of the lucky sperm club” and, like Jackie Chan, firmly believes that if his children work hard enough they can achieve great success the same way he did.
How would you feel if you were Jaycee Chan? I can’t say I would be very happy, but having spent some time around trust fund kids, I understand where Jackie is coming from.