Stacey Solomon and Joe Swash have opened up about their plans for their fortune and how they won’t be giving their children millions.
Stacey, 35, and Joe, 43, share six children, Stacey’s two children Zachary, 16, and Leighton, 12, plus Joe’s son from a previous relationship, Harry, 17.
The couple also has three younger children together: Rex, five, Rose, three, and two-year-old Belle.
In a new interview about their new reality TV series Stacey & Joe, the couple revealed that they want their children to make their own money, and won’t just be handing over huge sums.
‘We don’t have inherited wealth that we can pass down for generations,’ Stacey told The Mirror.
‘It’s really important for them to know that this is our career and we will support our family in whichever way we can, but eventually they are their own person.’
It has previously been reported that Stacey has an estimated net worth of £5 million, while a few years ago it was reported that Joe was worth around £1.5 million.
She explained that this is why she wants her children to earn their pocket money and wants her children to inherit her work ethic.
‘They’re going to have their own lives and they need to have their own dreams, careers and that doesn’t come from us giving them everything. It’s a constant battle.
She added that sometimes she wants to ‘throw the towel in’ with her older children, but still makes it work.
Celebrities not leaving their children fortunes
Stacey and Joe aren’t the only celebrities to decide not to leave their children millions in inheritance.
Spencer Matthews previously revealed that he won’t be leaving his children his £12.5 million fortune because he wanted them to earn money themselves.
‘Suffer is too strong a word, but it’s very important that my kids have to challenge themselves and experience things on their own,’ he told The Mirror.
Jimmy Carr has also previously said he doesn’t want ‘trust fund kids’. Having stuff isn’t fun. Getting stuff is fun, right? It’s not the pursuit of happiness, it’s the happiness of the pursuit,’ he told Diary of a CEO.
Gordon Ramsay confirmed his kids wouldn’t see a single penny from his estimated £40 million fortune. Speaking to The Telegraph, the chef said instead, he and his wife Tana would each be giving them a 25% deposit on a flat, and that would be about it.
In March 2016, Elton John told The Mirror that giving his children a ‘silver spoon’ would ‘ruin their life’, and he’d instead prefer for them to work.
Sting commented to the Daily Mail in 2014: ‘I certainly don’t want to leave them trust funds that are albatrosses round their necks. They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate.’
She added that she learned from her parents that it is important to teach children to be excited by the prospect of earning and being financially independent.
‘My dad didn’t treat us any differently, as soon as we got jobs, we had to contribute to the household,’ shares Stacey.
She explained that her children are aware they won’t have huge sums simply handed to them.
‘They’re fully aware that it’s not going to be given to them, and we don’t have it to give. That is really important to me.’
She then added that it’s about a more important lesson to make sure they have ‘self-worth’ and ‘feel accomplished.’
She added: ‘It’s very difficult to go through life without needing anything or wanting anything.
‘I don’t want to leave them in that position.’
In addition to their net worth, it has been reported that Stacey has a £8 million business portfolio.
More Trending
The couple owns the sprawling Essex mansion they have named Pickle Cottage, which was reportedly worth £1.2million when they purchased it.
The property has undergone significant renovations since it was purchased in 2022, which have been documented on Stacey’s social media pages.
Stacey & Joe airs Tuesday, April 1 at 8pm on BBC One.
Got a story?
If you’ve got a celebrity story, video or pictures get in touch with the Metro.co.uk entertainment team by emailing us celebtips@metro.co.uk, calling 020 3615 2145 or by visiting our Submit Stuff page – we’d love to hear from you.
MORE: EastEnders legend Joe Swash reveals his comeback condition ahead of new BBC show
MORE: Sort Your Life Out blasted as ‘tone-deaf’ after family break record with 6,000 clothes
