Daniel Craig, or James Bond as he is famously known has said that his eight-figure Hollywood paychecks won’t go to his children. The millionaire actor who received $25 million for his role as James Bond in the “No Time to Die” said he won’t share his fortune with his kids. 

Craig had reportedly made $100 million to make an appearance in the sequels of “Knives Out”. According to Candis Magazine, the 53-year-old actor explained his philosophy on inheritance saying that he won’t be leaving many bucks to his children by the time he dies.

 “Isn’t there an old adage that if you die a rich person, you’ve failed?” Craig said in the interview, according to the Times of London. “I think Andrew Carnegie gave away what in today’s money would be about $11 billion, which shows how rich he was because I’ll bet he kept some of it, too.”

Craig argued that it’s “distasteful” to leave his kids with this exorbitant amount of money. The millionaire actor has two children, a 29-year-old daughter, and a 2-year-old daughter. Meanwhile, his wife, Rachel Weisz who also happens to be an actor has a teenage son.

Daniel Craig shares his philosophy on wealth

 “My philosophy is get rid of it or give it away before you go,” Craig said.

Craig who is famous for his James Bond role is one of the first actors in Hollywood who declared publicly that they won’t leave their wealth for inheritance. However, he is not the only rich man to do so. For instance, the billionaire and legendary investor Warren Buffett whose fortune is estimated to be $100 billion have also declared that his “incomprehensible” wealth will better be spent on philanthropic causes instead of giving it to his kids for investment. 

 “After much observation of super-wealthy families, here’s my recommendation: Leave the children enough so that they can do anything, but not enough that they can do nothing,” he said in a note to shareholders, adding that his own adult children “pursue philanthropic efforts that involve both money and time.”