De Savary disinherits his daughters

PEOPLE

Peter de Savary, the property developer, has announced that he does not intend to leave his pounds 24m fortune to his five children when he dies.

The self-made multi-millionaire says he finds the sight of upper-class children squandering inheritances they do not appreciate "shameful".

"The girls must achieve in their own lives whatever they can achieve," Mr de Savary said of his five daughters. "They will not be given the responsibility and the awesome task of trying to preserve or augment or carry on any of my efforts."

His eldest daughter, Lisa de Savary, 28, yesterday applauded her father's decision. "I think it's a good thing because you do see lots of people with trust funds who don't have the impetus to get off their backsides and do something."

Miss de Savary, who works in public relations, added: "At the end of the day achieving something by yourself and off your own back is far more satisfying than sitting back and living off someone else's money."

Besides Lisa, Mr de Savary has four other daughters: Nicola, 23, Tara, 10, Amber, nine, and Savannah, five. Nicola, a medical student at King's College London, teaches English as a foreign language in her holidays. Lisa said: "She got a TEFL qualification so that's what she's doing in her summer holidays."

Mr de Savary, the son of a French-born Essex farmer, tells a forthcoming ITV series on the British class system: "I have inherited nothing; I have won nothing. I have had to create whatever I have created from nothing and I believe in the words of Andrew Carnegie, which is to die rich is to die disgraced. So I'm not leaving castles and fortunes to my children."

He was kicked out of Charterhouse when he was 16 and by the age of 34 he was a multi-millionaire. Listed as the joint-733rd richest man in Britain, he once owned John O'Groats and Land's End and now runs the Skibo Castle hotel and golf course in Scotland.

Miss de Savary emphasised that her father was a "very generous" man. "Of course," she said. "He's put us all through good schools and universities ... He's always there to help if we are in an impossible situation ... Whatever he said in the TV programme I don't think it will come across as: `I don't give my children a penny.' All he's really saying is he doesn't believe in giving children trust funds." Clare Garner

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksA special investigation by Andy McSmith
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Tradewind Recruitment: SEN Teacher

Negotiable: Tradewind Recruitment: SEN Teacher We have a fantastic special n...

Tradewind Recruitment: History Teacher

Negotiable: Tradewind Recruitment: My client is an 11-18 all ability co-educat...

Tradewind Recruitment: Year 6 Teacher

£100 - £150 per day: Tradewind Recruitment: Year 6 Teacher Birmingham Jan 2015...

Recruitment Genius: Transport Administrator / Planner

£20000 - £35000 per annum: Recruitment Genius: This fast growing reinforcing s...

Day In a Page

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee