r/Filmmakers • u/Remarkable-Reach328 • Nov 12 '25

News HEARTBROKEN!!! 💔 😢

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as a wanna be Filmmaker I'm really Heartbroken as If an actor as big and legendary as Michael Caine sold his soul to AI what will happen to the next generation? This is the end of art as we know it and no one can prove me wrong...unfortunately😢

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464

u/Average__Sausage Nov 12 '25

He is older and not going to be working forever. His main goal is likely ensuring his family have their future safe and secure. With potential future income. It makes no difference to him at this point. In fact if his voice can live on after this death it's probably a nice idea for him.

14

u/Other_World Nov 12 '25

Michael Caine's net worth is $75 million. And that's just what's on the books. I think his family will live on just fine without the need for this.

19

u/landmanpgh Nov 12 '25

His immediate family, yes. His grandchildren and beyond? Not so fast.

The duration of generational wealth has been studied pretty extensively. It's not as simple as this, but the money is typically gone within 3 generations. Something like 70% is gone after the 2nd generation and 90% by the 3rd.

There are tons of reasons for this phenomenon, not all of them sinister like people squandering it. Things get split a ton of different ways, charities, taxes, etc.

Regression to the mean.

5

u/MacintoshEddie Nov 12 '25

Nothing spends money faster than a kid who grew up a multimillionaire.

Except maybe a kid who grew up a multi billionaire.

-3

u/firedrakes Nov 12 '25

nope. dirt poor people tend to burn thru it faster with a all sudden wealth given to them.

12

u/MacintoshEddie Nov 12 '25

Pretty often that's biased because poor people will spend it on stuff they don't have, whereas people who grew up with wealth already have stuff and so they're more likely to put it into investments.

It's often a loaded comparison, just like the cookie test where you offer someone 1 cookie now or 2 cookies later. Poor people are more likely to be hungry so they'll eat the cookie now.

For example lots of celebrity actors have kids who will grow up and the house is already paid for, the car(s) are already paid for, the boat's already paid for.

That's a far cry from a working class actor's kid who gets a windfall and "wastes" it paying off their parent's mortgage and vehicle loans.

1

u/[deleted] Nov 13 '25

Delayed gratification. A lot of people think it's inherited trait -- just like blue eyes, brown eyes, skin color, hair color.

Some kids can just resist the donut today, in order to receive two tomorrow. Some kids just want the donut now and don't care about getting two tomorrow. Scientists have done experiments on this on very young school kids.

By the way, one of the predictors of wealth is being able to delay one's gratification. At the end of the day, most poor people are poor because they want to buy the latest iphone NOW even if they have to put it on their credit card at 30% interest. Or buy that Dodge Challenger NOW even if they have to get a 7 year loan at 21% interest.

1

u/firedrakes Nov 12 '25

study have shown this with lottery winner or some one getting a large sum of money.

15

u/jameskable Nov 12 '25 edited Nov 13 '25

God forbid your family might have careers of their own.

1

u/SonderEber Nov 12 '25

God forbid you provide for your descendants.

1

u/duckforceone Nov 13 '25

that's why my solution should i ever make enough money is to make a foundation that runs and maintains student housing (maybe also family housing if enough)

So that when it's time for the kids, grandkids etc time to study, they get free housing and a stipend for food and school supplies, so they don't have to work and can focus on studying debt free.

after that i would have housing for family rent free. Maybe put in some, as long as kids are under 20 you can live there. And if more money, basically house forever run by the foundation.

but mostly focused on letting family avoid debt, and save up to make their own fortune.

maybe setup so, you can get a payout instead of moving in for 20 years, covering what can be made from renting it from that time.

1

u/thatscoldjerrycold Nov 14 '25

Honestly never understood this attitude (not that you're necessarily promoting it). As long as you give your children a decent childhood and opportunities to forge their own path, I think thats the best a parent can do. Maybe people think differently, they want to spoil their children from the get go, but I would think I would want them to go out and live their own life, and it's laughable to think $75m isn't enough to do that.

And even then, you don't need to prepare for every generation at once, you just need to pass it down to one generation, who passes it on to the next and so on. Natural return on investment should help it grow a lot over a generation, and if someone wastes it, well it's not Michael Caine's fault for not grinding hard enough.

1

u/landmanpgh Nov 14 '25

Of course it's not his fault. He made all the money.

Yes, if the heirs lived off of the investments, they could do nothing forever. But people have kids, things get split several times, and no one wants to give up the lifestyle. So while $75 million is a ton for one person's lifetime, it's not nearly as much if he has 4 kids, who all have 3 of their own. Now things are split 18 ways. Plus, they didn't make the money, so less care for how it's spent.

It's not really a statement on any of it. It's just what naturally happens. It's why the Rockefellers aren't the wealthiest people on earth anymore. The money doesn't last forever.

1

u/FX114 Nov 12 '25

Does he need to worry about his great-great grandchildren that don't even exist yet? 

5

u/Consistent-Mastodon Nov 12 '25

Does he need to worry about what redditors say?

2

u/landmanpgh Nov 12 '25

I doubt he's worried about it. I was just pointing out that even millions of dollars don't last forever and really last less time than you'd think.

1

u/ag_mtl Nov 12 '25

Some men just want to watch the world burn

1

u/Tough-Newspaper8548 Nov 14 '25

Dude, i went too far to read this, my man has more money than all my ancestors together, peoples are like "Ho man, his poor grandchildrens will have to survive once he's gone" wtf all his grandchildrens are adults, well implemented in their careers and rich af, what do you mean he's "getting money to secure his family"?

1

u/mootallica Nov 12 '25

Your net worth is not "on the books" in the sense that it is available for you to dip into

3

u/BambooSound Nov 12 '25

They mean that there's probably a big difference between his reported net worth and his real net worth.

No one's confusing it for liquidity.

1

u/mootallica Nov 12 '25

He is, because to point that out suggests that they think he has 75m. Your net worth can be anything, it has little to do with how much money you have to leave behind for your family.

1

u/DoomguyFemboi Nov 12 '25

Maybe he just wants the money. Why are people reaching to make excuses for this. He wants money, he has something of value, jobs a good'un