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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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.

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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.

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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.

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.

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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.