Jon Bon Jovi will not let his kids be ‘trust-fund babies’ by giving his fortune to them.
In an interview with The Guardian, the Bon Jovi singer talked about fatherhood and his family. During the discussion, the rocker was asked about his kids. He explained how his kids ‘observe’ his work ethic:
“My kids observe my work ethic and that’s in their DNA now – they’re not trust-fund babies. You have to go to work.”
Even though he will not let his kids be exploited by his fortune, he says he will give them enough financial support for their well-being:
“I will give them enough to make sure they have shoes on their feet but like Dorothea says: ‘Daddy has money, you don’t have anything.’”
How Jon Gained His Net Worth
Bon Jovi has released sixteen albums and become one of America’s best-selling rock bands ever since the frontman started the band in 1983. The band sold over 120 million records worldwide and played countless sold-out concerts over the years.
Though he earns at least $11 million just from concerts alone, music isn’t his only income. In the 1990s, Jon acted in movies and TV shows. He also co-founded the Philadelphia Soul Arena Football League team in 2004.
While the first two albums of his bands did well, the third album ‘Slippery When Wet’ did the best. The album became a big financial turning point for Jon Bon Jovi’s music journey.
The singer also invests heavily in real estate. He owns properties in New York, New Jersey, and Florida. His net worth is currently $410 million, mainly from music.