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Daniel Craig has revealed his children won't inherit his vast fortune because he plans to “get rid of it” before he dies, Daily Mail reported.

The James Bond star, 53, who has a net worth of around £116 million ($160 million), said he believes inheriting money is “distasteful” and he is hoping to “give away” most of his millions.

Daniel has a daughter with his current wife, Rachel Weisz, and another with his ex, Fiona Lourdon.

Speaking to Candis Magazine, Daniel said: “Isn't there an old adage that if you die a rich person, you've failed?

“I think Andrew Carnegie [an American industrialist] gave away what in today's money would be about 11 billion dollars, which shows how rich he was because I'll bet he kept some of it, too.

“But I don't want to leave great sums to the next generation. I think inheritance is quite distasteful. My philosophy is get rid of it, or give it away before you go.”

Daniel welcomed his first child with wife Rachel in September 2018, and also has daughter Ella, 29, from his first marriage to Fiona.

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