Mick Jagger has indicated that a substantial portion of his wealth, specifically proceeds from The Rolling Stones' music released after 1971, is intended for charitable causes rather than his children.
The legendary 80-year-old artist has shared his perspective on the distribution of his considerable fortune. He suggested that his eight children are well-provided for and do not require the entirety of his estimated $500 million (approximately NZ$840 million) to live comfortably.
Mick Jagger's Stated Intentions
Jagger's focus for a significant segment of his earnings appears to be directed towards philanthropy. His remarks highlight a clear vision for how a particular part of his financial legacy should be managed:
- Intended Beneficiaries: He hinted that proceeds specifically from The Rolling Stones' music catalog released post-1971 should go to charity.
- Reasoning: Jagger explicitly stated his belief that his children are already financially secure, remarking, "The children don't need $500m (NZ$840m) to live well."
- Exclusion for Specific Funds: This suggests a deliberate decision not to divide this particular portion of his wealth among his children.
While these are his expressed intentions, the specifics of his estate plan would ultimately be determined by his will.
