The World's Richest Dads On Raising Kids

What's it like to be a child of the .01 percent?

That depends. The majority of super-rich kids don't even know how rich they are until they're 21, according to a survey by SEI Wealth Management.

The truth is, mega-wealthy dads come in all shapes and sizes, and all have their own parenting styles--especially when it comes to dealing with money.

Here's a round-up of 10 super-rich dads with a brief explainer of how they broach the topic of money with their kids:

• Carlos Slim

  <strong>Net Worth: $69 Billion</strong> <br> Carlos Slim -- a Mexican telecommunications tycoon -- employs most of his six children at his business, <a href="http://www.telegraph.co.uk/finance/8335604/Carlos-Slim-At-home-with-the-worlds-richest-man.html" target="_hplink">according to the <em>Telegraph</em></a>. <a href="http://www.achievement.org/autodoc/page/sli0int-8" target="_hplink">During an interview with the Academy of Achievement,</a> a non-profit that gives high-achieving children a chance to interact with their heroes, Slim credited his children with teaching him about love.

• Bill Gates

  <strong>Net Worth: $61 Billion</strong> <br> Bill Gates <a href="http://blogs.wsj.com/wealth/2011/06/14/bill-gates-children-mock-him-with-billionaire-song/" target="_hplink">told the <em>Wall Street Journal </em></a>that his three children make fun of him at home by singing Travie McCoy and Bruno Mars's song "Billionaire." The lucky kids of this rich dad won't, however, be banking on his fortune. Gates plans to donate most of his wealth to charity and leave only a tiny portion to his children, <a href="http://blogs.wsj.com/wealth/2011/06/14/bill-gates-children-mock-him-with-billionaire-song/" target="_hplink"><em>WSJ </em>reports. </a>

• Warren Buffett

  <strong>Net Worth: $44 Billion</strong> <br> The children of billionaire Warren Buffett won't be inheritting much of their father's billions, either. The CEO and chairman of investment company Berkshire Hathaway plans to donate almost all of his net worth to charity. One of his sons, Peter Buffett, <a href="http://www.dailyfinance.com/2011/06/17/fathers-day-what-warren-buffett-gave-to-his-kids-values-not-billions/" target="_hplink">told Daily Finance that his father </a>is leaving him and his siblings with values, rather than money.

• Bernard Arnault

  <strong>Net Worth: $41 Billion</strong> <br> Well-known for his meticulous attention to detail, French business magnate and CEO of LVMH Bernard Arnault wants his five children to continue his legacy and someday run his luxury-brand stores with scrupulous care, <a href="http://magazine.wsj.com/features/the-big-interview/being-arnault/" target="_hplink">the <em>Wall Street Journal </em> reports.</a>

• Donald Trump

  <strong>Net Worth: $2.9 Billion</strong> <br> The American billionaire and television personality said on "Oprah" that he wants his five children to carry on his success and enjoy their lives. Ivanka, Donald Jr. and Eric, the three kids with his first wife, are employed by their dad at the Trump Organization in New York City, <a href="http://www.oprah.com/oprahshow/Trump-Family-Values/3" target="_hplink">according to Oprah.com. </a>

• Li Ka-shing

  <strong>Net Worth: $25.5 Billion</strong> <br> The two sons of the richest man in Asia not only got the chance to learn a thing or two about making money from their father, famous in all of Asia for his business acumen, but the Ka-shing children have also received a head start in business, courtesy of their dad's riches, <a href="http://online.wsj.com/article/SB10001424052702304707604577425923955494272.html" target="_hplink">according to the <em>Wall Street Journal</em>. </a>The Hong Kong tycoon and chairman of Hutchison Whampoa and Cheung Kong plans to leave his eldest son at the helm of the family's conglomerate; Ka-shing said he will support his younger son with business ventures by giving him cash, <a href="http://online.wsj.com/article/SB10001424052702304707604577425923955494272.html" target="_hplink"><em>WSJ</em> reported last month. </a>

• Will Smith

  <strong>Net Worth: $188 Million</strong> <br> The three children of Will Smith, one of Hollywood's highest paid actors, have taken after their father through their own successes in the limelight, <a href="http://www.thedailybeast.com/articles/2012/01/06/will-smith-and-jada-pinkett-smith-s-hollywood-power-marriage-may-be-ending.html" target="_hplink">the Daily Beast reported earlier this year.</a> His son, Jaden, even played the role of Smith's son in the fim <em>The Pursuit of Happyness.</em> Bestselling writer Terry McMillan's commented on Twitter that the Smiths were "pimped" out their children, but later apologized backlash from Smith's Twitter fans, <a href="http://www.thedailybeast.com/articles/2012/01/06/will-smith-and-jada-pinkett-smith-s-hollywood-power-marriage-may-be-ending.html" target="_hplink">according to the Daily Beast. </a>

• Roman Abramovich

  <strong>Net Worth: $12.1 Billion</strong> <br> The children of the Russian business tycoon and owner of the Chelsea Football Club get to live the luxury life. <a href="http://www.dailymail.co.uk/femail/article-1321005/Is-Roman-Abramovichs-teenage-daughter-Anna-risking-2bn-inheritance-living-man-whos-nearly-30.html" target="_hplink">His daughter Anna Abramovich reportedly used to travel to school</a> in a helicopter and chauffeur-driven vehicle, but now as a grown-up, she's opted to live in a more modest place compared to her father's many luxury pads -- a $4 million cottage near her mother and sister, <a href="http://www.dailymail.co.uk/news/article-2024002/Roman-Abramovich-daughter-Annas-4m-starter-home-Belgravia.html" target="_hplink">according to the Daily Mail. </a>

• Charles Schwab

  <strong>Net Worth: $3.5 Billion</strong> <br> The founder of the American brokerage company that bears his name co-authored a book on personal finance with his eldest daughter, Carrie Schwab-Pomerantz, <a href="http://www.dailyfinance.com/2011/06/17/fathers-day-charles-schwabs-fatherly-advice-have-a-passion-for-what-you-do/" target="_hplink">according to Daily Finance.</a> His daughter, who has worked as a financial planner for her dad's company, <a href="http://www.dailyfinance.com/2011/06/17/fathers-day-charles-schwabs-fatherly-advice-have-a-passion-for-what-you-do/" target="_hplink">told Daily Finance</a> that Schwab also made a good investment in her and her siblings, in part crediting the personal finance guru with her own success and happiness.

• George Lucas

  <strong>Net Worth: $3.2 Billion</strong> <br> After a troubling relationship with his own dad, which he has chronicled in his movies, George Lucas <a href="http://www.usatoday.com/life/movies/news/2008-05-20-lucas-father-issues_N.htm" target="_hplink">told <em>USA Today</em> that he retired </a>from directing movies for 20 years to raise his three adopted children. The single father, however, will not leave his billions to his kids -- he has pledged most of it to charity, <a href="http://online.wsj.com/article/SB10001424052748704017904575409193790337162.html" target="_hplink">according to the <em>Wall Street Journal.</em></a>

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