Having worked his way up from a humble beginning, 54 year old Dragons’ Den star Theo Paphitis knows how hard it is to make a fortune. Unlike millionaires who do not pass on wealth, he will not deprive his children of his multi-million inheritance. He fears that his children would not be able to cope with the luxurious lifestyle he has provided for them.
He feels that taking away their privileged lifestyles suddenly would risk driving them to a place he does not want them to go. With a net worth of around $255 million, he does not think that leaving his fortune would ruin his five children aged between 17 and 34. He said that he loves his kids and there is no reason why he should not support them with his great fortune. The doting father, with potentially a $255 million inheritance, definitely does not agree with the millionaires who do not leave a single cent for their children.
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