Kirk Douglas Left No Money To Son Michael Douglas, Leaves Bulk Of His Estate To Charity
Kirk Douglas, one of the most prominent actors of the mid-20th century, left the bulk of his $80 million estate to the charity he co-founded, the Douglas Foundation. The actor died on February 5 at the age of 103.
Douglas founded the Douglas Foundation with his wife Anne in 1964. Douglas wanted $50 million to be given away to various charities through this foundation. The nonprofit organization benefits the Children’s Hospital of Los Angeles, The Kirk and Anne Douglas Childhood Center and a St. Lawrence University scholarship for underprivileged students.
According to the foundation’s website, Kirk founded this organization after experiencing poverty during his youth as “the son of immigrants who migrated from Russia in the early 20th century.”
Kirk Douglas has left no money to his famous son, Michael Douglas, who is estimated to be worth $278 million himself. He does not seem to mind, Michael praised his father’s charitable ways in an Instagram post following his death.
View this post on Instagram
It is with tremendous sadness that my brothers and I announce that Kirk Douglas left us today at the age of 103. To the world he was a legend, an actor from the golden age of movies who lived well into his golden years, a humanitarian whose commitment to justice and the causes he believed in set a standard for all of us to aspire to. But to me and my brothers Joel and Peter he was simply Dad, to Catherine, a wonderful father-in-law, to his grandchildren and great grandchild their loving grandfather, and to his wife Anne, a wonderful husband. Kirk's life was well lived, and he leaves a legacy in film that will endure for generations to come, and a history as a renowned philanthropist who worked to aid the public and bring peace to the planet. Let me end with the words I told him on his last birthday and which will always remain true. Dad- I love you so much and I am so proud to be your son. #KirkDouglas