Spencer Matthews reveals he WON’T leave multi-million pound fortune to his children over nepo-baby fears

SPENCER Matthews has shared his fears over his children being branded as nepo-babies. And because of his fears around nepotism and the public perception of kids from wealthy families, the former Made In Chelsea star WON’T be leaving his multi-million pound fortune to his kids. InstagramVogue Williams and Spencer Matthews share three children together[/caption] voguewilliams/InstagramSpencer has opened up about how he doesn’t want his children to be ‘trust fund kids’[/caption] GettyVogue and Spencer got hitched in 2018[/caption] Keen to avoid his children becoming “trust fund kids”, the 36-year-old has revealed he won’t be leaving his fortune to his offspring. Spencer is the son of multimillionaire Eden Rock hotelier David Matthews, so knows all too well what it’s like to be branded a nepo-baby and “trust fund kid”. Educated at Eton College, where fees are currently £63,000 a year, Spencer has liv

  General   Mar 9, 2025   0   12  Add to Reading List
Spencer Matthews reveals he WON’T leave multi-million pound fortune to his children over nepo-baby fears

SPENCER Matthews has shared his fears over his children being branded as nepo-babies.

And because of his fears around nepotism and the public perception of kids from wealthy families, the former Made In Chelsea star WON’T be leaving his multi-million pound fortune to his kids.

Family portrait in front of a lake and mountains.
Instagram
Vogue Williams and Spencer Matthews share three children together[/caption]
Family on a ski lift.
voguewilliams/Instagram
Spencer has opened up about how he doesn’t want his children to be ‘trust fund kids’[/caption]
Vogue Williams and Spencer Matthews at the EE BAFTA Film Awards.
Getty
Vogue and Spencer got hitched in 2018[/caption]

Keen to avoid his children becoming “trust fund kids”, the 36-year-old has revealed he won’t be leaving his fortune to his offspring.

Spencer is the son of multimillionaire Eden Rock hotelier David Matthews, so knows all too well what it’s like to be branded a nepo-baby and “trust fund kid”.

Educated at Eton College, where fees are currently £63,000 a year, Spencer has lived a very privileged life but seems determined to make sure his children grow up to earn their own money.

Spencer shares three children with his wife Vogue Williams.

The couple share Theodore, six, Gigi, four, and Otto, two.

Speaking to The Mirror about how he doesn’t want his kids to become nepo-babies, he said: “There’s no point in doing well in life and then giving it all to your kids.

“It’s doing them a huge disservice.”

He then spoke about comedian Jimmy Carr‘s outlook and how he agrees with him.

“Jimmy quite eloquently talks about trust fund kids who are given everything, and he sees them as just being really unfortunate, actually, and I would completely agree.”

He added: “If you’re a young man who’s just given everything, or a young woman, who’s just given everything, you may not ever understand the need to work because you have what you think you want.

“And then, therefore, you won’t ever feel proud of yourself.

“You won’t ever have a sense of achievement.”

Spencer and Vogue got hitched in June 2018 when they tied the knot at his family’s Glen Affric Estate in Cannich.

The intimate ceremony wasn’t the couple’s only wedding though, with them later having a second star-studded ceremony in London that was filmed for E4.

What is a Nepo Baby?

A ‘nepo baby’ is a colloquial term used to describe individuals who have gained opportunities or success in their careers primarily due to familial connections or the influence of their well-known or wealthy parents, rather than solely through their own talent, skills, or efforts.

The term ‘nepo’ is short for ‘nepotism’, which refers to favouritism granted to relatives or close friends, often in a professional context.

Key Characteristics:

  • Inherited advantage: Nepo babies often benefit from their family’s established reputation, wealth, or industry connections.
  • Access to networks: They typically have easier access to influential networks and resources within their chosen field.
  • Public perception: The term can carry a negative connotation, implying that their success is not entirely merit-based.

Industries Affected:

  • Entertainment: Many actors, musicians, and other performers are often labeled as nepo babies if they have famous parents.
  • Business: Individuals who inherit or are given significant roles in family-owned businesses.
  • Politics: Politicians who follow in the footsteps of their parents or other relatives.

Examples:

  • Children of famous actors who become actors themselves.
  • Heirs to business empires who assume executive roles.
  • Offspring of political figures who enter public office.

The concept of nepo babies is often debated, with some arguing that it undermines the notion of meritocracy.

Meanwhile, others believe that it is natural for families to support and help each other succeed.

Spencer then added to the outlet in his recent chat how he is super “dialled” into his relationship with Vogue.

“Vogue is incredibly busy and so am I but we often make time to prioritise each other,” he said.

“I feel very fortunate to have a wife like her.

“I admire her and love her in equal measure.

“There is a lot of respect in the marriage and the relationship which helps.”

Woman reading to her three children in pajamas.
Instagram
The couple are still totally smitten, and often share loved up snaps of them both and their three kids online[/caption]
A man and his three children in pajamas lying in bed.
Social Media Collect
Spencer is a doting dad, but won’t be leaving his fortune to his kids[/caption]
A man kneeling with two young children.
Social Media Collect
Spencer wants his children to earn their own money[/caption]
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