Gordon Ramsay's Millions Won't Be Going To His Kids. Here's Why

You might think that if you're the child of Gordon Ramsay — celebrity chef, holder of many Michelin stars, and host of ten TV shows (via Ramsay's site) including Hell's Kitchen and Masterchef, among other lucrative ventures — you'd be set for life. After all, the chef is estimated to be worth $220 million (via Celebrity Net Worth). That's tens of millions for each of his kids.

Turns out however that the Ramsay children, Megan, Jack, Holly, Matilda (Tilly), and Oscar, aren't going to be so lucky. Ramsay told the Telegraph that he's not leaving his fortune to them. "It's definitely not going to them, and that's not in a mean way; it's to not spoil them." What are Gordon Ramsay and his wife Tana going to leave the children? A quarter of an apartment: "The only thing I've agreed with Tana is they get a 25 percent deposit on a flat, but not the whole flat." 

Lavish, but not absurd

Even now, while Ramsay is very much alive, he and Tana place some restrictions on how extravagantly the children get to live. For example, when the family goes on vacation flights, the kids don't get to join their parents in first class. "They haven't worked anywhere near hard enough to afford that," said Ramsay. "At that age, at that size, you're telling me they need to sit in first class? No, they do not. We're really strict on that." 

As for their allowances? Way more than most of us saw when we were teenagers, but not outrageously excessive. In 2017, Ramsay said, "Meg's at uni and has a budget of £100 [about $130] a week; the others get about £50 [about $65] a week and they have to pay for their own phones, their bus fare. The earlier you give them that responsibility to save for their own trainers and jeans, the better." 

Of course, he is proud of the material comforts he can provide his children. In an interview with The Mirror, he said, "I had a very humble upbringing – loved by my mother and, I think, loved by my father but I was desperate to get out the sh–hole I was in. He wants better for his children: "I didn't want to live in a council house and put my kids to school with second-hand clothes. You strive to better yourself." International flights and a hundred-dollar allowance? Mission accomplished.