Lloyd Webber not leaving cash to kids (Wizbang Pop!)

Superstar composer Andrew Lloyd Webber has amassed a fortune of $1.3 billion - but the "Phantom of the Opera" creator doesn't plan to pass any of the money along to his five children.

Instead, he wants to use the dough to help budding composers and singers. "I am not in favor of children's suddenly finding a lot of money coming their way, because then they have no incentive to work," Lloyd Webber tells London's Mirror. And he claims his kids are fine with that: "They aren't bothered. They don't think that way. It is about having a work ethic. I don't believe in inherited money at all."

Advertisments

Links Networks

table.spottt_tb, table.spottt_tb tr, table.spottt_tb td, table.spottt_tb a, table.spottt_tb tr a img { margin:0; padding:0; border:none; background:none; position:static; text-decoration:none; display:block; width:125px; vertical-align:top;} .spottt_thumb, .spottt_thumb img, .spottt_thumb a, .spottt_thumb td { height:125px; } .spottt_label, .spottt_label img, .spottt_label a, .spottt_label td { height:21px;}

The Wizbang® Network

Wizbang: TARP Banks Begin To Accept California IOU's

It appears that the question of whether the federal government is going to bail out the state of California has been rendered moot. Two large banks have announced that they...

3:46 PM | 7 comments

Wizbang Blue: GOP Class of '94: The Family Values Hypocrites

It's 1994. The GOP promised to dismantle social programs, cut taxes and balance the budget. Newt Gingrich massaged the message, and the "Me Generation" bought it hook, line and sinker. This was the new GOP, and they had made...

1:12 PM | 16 comments

Wizbang: President Obama's Economy Hits Another Speed Bump

I speculated recently that the worm may be turning as it relates to the Obama administration's political capital. The near Teflon like protection that a fawning press afforded him is...

10:03 AM | 27 comments

Wizbang Blue: Breaking News: The Jackson Family Found Alive, But Broke

Unfortunately the family of Michael Jackson really failed to effectively invest or manage their money very well despite huge success, leaving the family mostly in serious financial straits. There were reports that Michael Jackson might have died with up to...

5:21 AM | 3 comments

Wizbang Blue: The "Airhead' Motorbike

At the National Center University of Taiwan, some interesting research has built a prototype motorbike that runs entirely on compressed air as the power source, creating zero pollution. However, this early prototype can only hold enough compressed to travel about...

4:46 AM | 6 comments

Wizbang Blue: Iraq Signs Major Oil Deal With China

In it's first major oil deal with a foreign country since the American and British effort to bring down Saddam Hussein, China will end up winning a $3 billion contract to develop oil in Iraq. It is the first major...

4:17 AM | 3 comments

Wizbang: This Man Has No Shame

Another day, another Obama infomercial. President Barack Obama held a townhall style meeting today, one in which the audience was "hand-picked" by White House staffers. It was conveniently "moderated" by...

1:03 AM | 35 comments

Wizbang: President Obama's Unemployment Promises

The president's apologists at The New York Times are putting the best possible spin on the administration's economic forecasting failures. That the Times is even writing about this subject indicates...

4:01 PM | 19 comments

Wizbang Blue: A Creepy Creepy True Story

Warning: If you don't like deeply creepy true stories, then don't read this because it might change your life forever: Yesterday, when I drove past a very old business district here in Portland, Oregon with my brother past an old...

12:06 PM | 11 comments

Wizbang Blue: A New EU Tax On Disabled Persons

Unbelievably, the EU commissioners are now moving ahead with plans to impose a new 10% tax on mobility scooters imported into Europe, often manufactured in the United States. But some like physicist Stephen Hawking are angry as this will dramatically...

11:38 AM | 7 comments