French billionaire Pierre-Edouard Sterin, known for right-wing political views and for comments about ranking people in his personal life, is asking French lawmakers to change inheritance rules so he can disinherit his five children. Sterin, 52, made the request during a public hearing with senators, according to multiple reports. Under current French law, he says, about three quarters of an estate must be passed to children, limiting an individual’s ability to leave most or all assets to other beneficiaries. Sterin argues that he would prefer to direct his fortune to philanthropic causes rather than to his offspring. His appeal centers on seeking legal flexibility to allow full estate distributions to charity or other preferred recipients. Several outlets identify Sterin as the founder of the Smartbox gift-voucher business and cite an estimated net worth of about €1.4 billion. The reports describe his stance as a call for changes to the “Napoleonic” inheritance framework, reflecting broader debates about freedom of testation versus legal protections for descendants.
French billionaire Pierre-Edouard Sterin asks lawmakers to change inheritance rules
French billionaire Pierre-Edouard Sterin, known for right-wing political views and for comments about ranking people in his personal life, is asking French lawmakers to change inheritance rules so he...
- Pierre-Edouard Sterin asks French lawmakers to modify inheritance rules to allow him to disinherit his five children.
- Sterin argues that current French law requires roughly three quarters of an estate to go to children.
- He tells senators he wants to give his fortune to philanthropic causes.
- Sterin is described as the founder of the Smartbox gift-voucher business and is reported to have an estimated net worth of about €1.4 billion.
- Sterin’s political views and personal remarks have drawn public controversy.
Following John Arnold, I posted earlier about how European laws often require wealthy people to give most of their wealth to their children. Here is an example: Pierre-Edouard Sterin, founder of Smartbox and worth about €1.4 billion, told French senators he wants to disinherit his five children and donate everything to charity. French law, under […] The post Let Me Disinherit My Children, S’il vous plaît appeared first on Marginal REVOLUTION.
2 months agoFrench billionaire Pierre-Edouard Sterin, who has stirred controversy over his right-wing politics, is pleading with lawmakers to modify rules so he can disinherit his five children, saying he prefers to give his fortune to charity. “I would like to give my entire estate to philanthropic causes,” the businessman told senators on Thursday during a public hearing, noting that under French law three quarters of his assets would have to be passed down to his offspring. “I’m in favour of being able...
2 months agoPierre-Édouard Stérin, 52, is a tech businessman who made his riches with the Smartbox gift-voucher empire and has an estimated net worth of €1.4bn (£1.2bn).
2 months agoControversial billionaire Pierre-Edouard Sterin, who has been labelled the “French Elon Musk” and famously ranks people in his life on a scale of one to ten on an Excel spreadsheet, is calling for changes to French law.
2 months agoControversial billionaire Pierre-Edouard Sterin, who has been labelled the “French Elon Musk” and famously ranks people in his life on a scale of one to ten on an Excel spreadsheet, is calling for changes to French law.
2 months agoControversial billionaire Pierre-Edouard Sterin, who has been labelled the “French Elon Musk” and famously ranks people in his life on a scale of one to ten on an Excel spreadsheet, is calling for changes to French law.
2 months ago
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