There’s no doubt that growing up as one of Gordon Ramsay’s children comes with unique advantages. His kids enjoy exceptional food, famous connections, and the wealth that comes from his empire.
However, despite his vast fortune, the world-renowned chef has no plans to hand it all down to them.
Ramsay, who launched his restaurant empire in 1997, quickly became a household name with shows like Hell’s Kitchen, Ramsay’s Kitchen Nightmares, MasterChef, and The F Word.
Over the years, the star, who turned 68-years-old on November 8th, accumulated a remarkable 17 Michelin stars, and currently, his restaurants hold seven stars across various locations.
His business success has built him an estimated net worth of £610 million, with an annual income of about £90 million. Ramsay’s wealth comes from his global restaurant empire, high-profile television shows, brand endorsements, and his production company, Studio Ramsay, which produces content across the US and UK.
He also boasts an impressive £11 million real estate portfolio, including luxury properties in London, Cornwall, and Los Angeles.
But for Ramsay, 58, wealth isn’t what matters most—and he doesn’t want it to be for his children, either. In a 2017 interview with The Telegraph, the father-of-five revealed he has no plans to pass on his millions to his kids, Megan, Holly, Jack, Tilly, Oscar, and Jesse unless they’ve earned it.
“It’s definitely not going to them, and that’s not in a mean way, it’s to not spoil them,” he explained. “The only thing I’ve agreed with Tana is that they get a 25 percent deposit on a flat, but not the whole flat.”
Ramsay is determined to instill in his children the value of hard work and money. One way he keeps them grounded is by avoiding first-class travel for the family, opting instead to keep it “real” for his kids.
“I have got to keep it real with the kids, and also I think just getting kids at the age of five, six and seven, used to first class and those big seats, they do not need the space, they get entertainment on their iPads,” he noted.
“So, I like to think about what you can do with the money when you land, rather than paying out thousands of dollars for eight, nine ten-year-olds to sit in first class.”
He added, “I do not want them sat there with a 10-course f***ing menu with champagne. I am not embarrassed. It is my wife and I’s choice to discipline them and to keep them real.”
Ramsay reiterated this approach to parenting during a Q&A on Reddit, emphasizing the importance of hard work and self-sufficiency. “I’ve never been at home seven nights a week cooking for the kids. What I’ve instilled in the kids, from day one, is a work ethic. So, the time we spend together is limited, but quality,” he shared.
To encourage this work ethic, Ramsay has made sure his children all have responsibilities. “I need to protect them and respect the restaurant and team in my restaurant. I made them as normal as possible… they’ve all got jobs, they’ve all taken care of animals, they’ve all got housework. There’s a rota. They get pocket money, but they have to earn that pocket money.”
