French Billionaire Proposes Law Change to Disinherit Children, Advocating for Wealth Redistribution
French billionaire pleads for law change that would let him leave his children NOTHING in his will because 'having no money is a freedom'

Image: Mail Online
Pierre-Édouard Stérin, a French billionaire with a net worth of €1.4 billion, is advocating for a change in inheritance laws that would allow him to leave his wealth to charity instead of his children. He argues that inherited wealth can hinder personal freedom and development.
- 01Pierre-Édouard Stérin is a tech entrepreneur known for founding Smartbox, a gift-voucher company.
- 02Under current French law, children are entitled to a significant portion of their parents' inheritance, limiting the ability to leave wealth to charities.
- 03Stérin believes that starting life with nothing offers true freedom and that he prefers to donate his wealth to philanthropic causes.
- 04He is also involved in funding right-wing initiatives in France, promoting what he describes as a 'liberal conservative' agenda.
- 05Critics of his political funding efforts warn about potential conflicts with French campaign-finance laws.
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Pierre-Édouard Stérin, a French billionaire with an estimated net worth of €1.4 billion, is advocating for a change in France's inheritance laws that would allow him to leave nothing to his children. Speaking during a Senate inquiry, Stérin expressed his belief that inherited wealth can be detrimental to personal development, stating, 'I don't want to ruin my children.' He argues that the current law, rooted in the Napoleonic Code, mandates that children inherit a significant portion of their parents' wealth, which he sees as a restriction on personal freedom. Stérin, who resides in Belgium as a tax exile, prefers to allocate his fortune to charitable causes. He is also known for his involvement in right-wing political funding in France, aiming to promote a 'liberal conservative' ideology through initiatives that support think tanks and civic groups. Critics have raised concerns about the implications of his political funding on public opinion and campaign-finance regulations. If the law remains unchanged, Stérin's children would inherit hundreds of millions, a prospect he wishes to avoid.
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Stérin's proposal could significantly alter the landscape of inheritance laws in France, affecting how wealth is distributed among families and charities.
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