Marie Osmond is a beloved American singer, actress, and television personality who has built a fortune over the years through her successful career. While her eight children may have thought they would inherit some of her wealth, they were in for a surprise when Marie announced that she would not be leaving any money to them.
This decision has raised eyebrows and sparked plenty of speculation, but the reason behind Marie's choice may not be what many people expect. In this article, we will explore the surprising reason why Marie Osmond has chosen not to share her inheritance with her kids.
Early Life of Marie Osmond
Marie Osmond was born and raised in Ogden, Utah, as part of a large and talented musical family. From a young age, she knew she was destined for greatness and started performing with her brothers at the tender age of three.
Her natural talent and hard work paid off; by the time she was 13, she had already released her first album.
Marie Osmond's Rise to Fame
Marie Osmond rose to fame through her appearances on "The Donny and Marie Show" in the 1970s. Alongside her brother Donny, she captivated audiences with her singing, dancing, and charming personality. Her success on the show led to a successful solo career, with hits like "Paper Roses" and "You're Still New to Me" dominating the airwaves.
Her talent and magnetic presence on stage propelled her to become a household name and a beloved icon in the entertainment industry.
How Marie Osmond Built Her Fortune
Marie Osmond built her fortune through various successful ventures in the entertainment industry. Her career as a singer, television host, and actress helped her to amass a substantial net worth. She also pursued various business ventures, such as co-founding the Marie Osmond Fine Porcelain Collector Dolls line and writing a number of best-selling books.
In addition to her successful entertainment career, Marie has also made strategic investments in real estate and other ventures, which have contributed to her overall financial success.
Marie Osmond's Net Worth
Marie Osmond's net worth is estimated to be around $20 million. Her successful career in the entertainment industry as a singer, actress, and television host, along with various business ventures, strategic investments, and endorsement deals, have contributed to her overall wealth.
Despite her fortune, Marie has chosen not to leave any money to her children.
Marie Osmond's Upbringing
Marie's upbringing was shaped by her large, musically inclined family. She was the eighth of nine children, and they often traveled together as a family band. This constant movement and lack of stability in her early years may have influenced her views on wealth and family.
Marie has spoken publicly about the challenges of growing up in a large family and how it has influenced her parenting style. Her own experiences may have shaped her decision not to share her fortune with her children, as she believes in the importance of teaching them to be independent and self-sufficient.
The Pitfalls of Too Much Wealth
Marie Osmond has stated that she believes that having too much wealth can create dependencies or entitlements among her children.
She has spoken publicly about the importance of teaching children the value of hard work and independence and how inherited wealth can sometimes discourage children from developing these qualities.
Marie Osmond's Experience with Family Dynamics
Marie has also noted that inherited wealth can sometimes create an unhealthy family dynamic, causing resentment, disputes, and other issues that can lead to strained relationships.
Therefore, she has chosen not to share her fortune with her children and has encouraged them to work hard and create their own success. "I think you do a great disservice to your children to just hand them a fortune because you take away the one most important gift you can give your children, and that's the ability to work," she said during an episode of Talk at the Time.
Marie Osmond's Personal Financial Struggles
Marie has faced personal financial struggles in the past, which may have shaped her views on financial responsibility. In the 1980s, she went through a highly publicized divorce from her second husband, which left her in financial turmoil.
She has spoken publicly about the challenges of rebuilding her career and finances after the divorce and how it taught her the importance of being financially responsible and independent.
Who are Marie Osmond's Children?
Marie Osmond has a total of eight children, including five biological children and three adopted children: Stephen, Jessica, Rachael, Brandon, Brianna, Abigail, Michael, and Matthew.
While Marie Osmond's decision not to share her fortune with her children may be surprising to some, she has always been vocal about her love and pride for her family.
Proud of her Children
Over the years, Marie has shared her thoughts on motherhood and her relationship with her children in various interviews and public appearances.
In an interview with US Weekly, she said, "I love them to learn. You don't love something if you don’t earn it. And so, even when they get their first car, you pay for half of it, get a job and learn that self-worth that [it] gives you."
The Value of Hard Work
However, Marie has been more guarded when it comes to her decision not to share her fortune with her children. In an interview with Fox News, she said, "I'm not leaving any money to my children. Congratulations, kids."
She explained that she believes her children should earn their own money and learn the value of hard work.
"Let Them Be Proud..."
During an episode of The Talk, Osmond said, "You see it a lot in rich families where the kids, they don't know what to do and so they get in trouble."
"Let them be proud of what they make."
The Effects of Inherited Wealth on Children
Inherited wealth can have both positive and negative effects on children. On one hand, it can provide financial security and open up opportunities that might not have been available otherwise. On the other hand, it can create dependencies, entitlement, and a lack of motivation to work hard and earn a living.
Children who inherit wealth may also feel pressure to maintain a certain lifestyle and status, which can lead to anxiety, depression, and other mental health issues.
Why Marie Osmond Won't Share Her Fortune with Her Children
Marie Osmond has chosen not to share her fortune with her children in order to avoid these potential negative effects and to encourage them to work hard, be independent, and create their own success.
She believes in the importance of learning to be self-sufficient and resilient in the face of financial challenges.
The Importance of Leaving a Legacy Beyond Money
Marie Osmond believes in the importance of leaving a legacy beyond money.
While financial security is important, she believes that true happiness and fulfillment come from making a positive impact on others and leaving a lasting mark on the world.
Marie Osmond's Parenting Style
She's also explained that she's supportive of their passions, "To me, the greatest gift you can give your child is a passion to search out who they are inside and to work."
"I mean, I've done so many things from designing dolls [and much more]. I love trying [and] I wanna try everything. I'm a finisher." she told CBS News in 2023.
The Role of Financial Responsibility in Parenting
According to Marie Osmond, teaching children about financial responsibility is an important part of parenting. She believes that children should learn the value of money and how to manage it wisely from a young age.
Financial responsibility can also help children to avoid falling into debt or making poor financial decisions later in life. Ultimately, teaching children about financial responsibility is an important way that parents can help to set their children up for a successful and fulfilling future.
Balancing Financial Stability and Independence in Children
Finding a balance between financial stability and independence is an important consideration for parents. Marie Osmond believes that children should be encouraged to be financially independent but also recognizes the importance of providing a stable financial foundation. While Marie has chosen not to leave her fortune to her children, she has provided them with the tools and resources they need to succeed, including education, support, and guidance.
Parents can help their children find this balance by teaching them about financial responsibility, budgeting, and saving, while also being supportive and providing the resources they need to pursue their goals.
Marie Osmond's Philanthropic Work
Marie is involved in various philanthropic endeavors, which allow her to give back to her community and make a difference in the lives of others. She has also instilled the value of philanthropy in her children, encouraging them to use their time and resources to make a positive impact on the world.
In 2023 she told the New York Post, "Honestly, why would you enable your child to not try to be something? I don't know anybody who becomes anything if they’re just handed money." By leaving a legacy of kindness, compassion, and generosity, Marie hopes to inspire future generations to do the same.
Marie Osmond's Business Ventures
In addition to her successful entertainment career, Marie Osmond has pursued various business ventures over the years. One of her most notable ventures was co-founding the Marie Osmond Fine Porcelain Collector Dolls line, which has become a highly successful business. She has also written a number of best-selling books, including "Behind the Smile: My Journey Out of Postpartum Depression" and "Might as Well Laugh About It Now," which have brought her both critical acclaim and financial success.
In addition, Marie has pursued various other entrepreneurial pursuits, including skincare and nutritional products. Her business ventures have helped her to build a substantial net worth while also providing her with new opportunities to expand her brand and pursue her passions.