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Telegram founder makes will, distributing $17.1 billion wealth among 6 children and 100 sperm donor children: fears a posthumous inheritance battle.
The New York Post reported that Pavel Durov, the founder of Telegram, revealed the contents of his will, focusing on how to distribute personal wealth valued at more than 10 billion US dollars, inheritance arrangements for more than 100 biological children, and Telegram's future governance structure. (Synopsis: Telegram founder Pavel Durov allowed to leave France on 7/10: 14 days, destination only Dubai) (Background added: Telegram founder Pavel Durov: I have hundreds of millions of magnesium fiat currency, bitcoin for 10 years!) According to the New York Post, Pavel Durov, founder of messaging app giant Telegram, recently revealed the contents of his will, which focuses on three aspects: how to distribute personal wealth valued at more than 10 billion US dollars, inheritance arrangements for more than 100 biological children, and Telegram's future governance structure. The core terms of the will Forbes estimated Durov's net worth at $17.1 billion. The will states that he will divide all wealth equally among those legally or biologically identified as children, currently including 6 children with three partners and more than 100 children born in 12 countries through anonymous sperm donation in the past 15 years. To avoid premature access to large amounts of assets by heirs, a will establishes a 30-year usage limit. That is, the wealth will be held in trust after his death until the youngest heir reaches the age of independence, and then released in equal proportions. Delayed use and family values Durov believes that if huge wealth is placed early without restraint, it may affect children's independent growth. He hopes that his children can complete their education and life planning without financial pressure, and then use their inheritance. In addition, by dividing equally, he tries to reduce disputes caused by the difference in amounts. For the anonymous sperm donation part, Durov initially donated sperm to help a friend, then cryopreserved and used in IVF clinics, accumulating more than 100 donations. In most countries, laws exempt anonymous sperm donors from maintenance liability, and there is no public record of Durov facing litigation as a result. At the company level, the will states that when Durov dies or disappears, control of Telegram will be transferred to a nonprofit foundation. The purpose of this arrangement is to maintain the independent operation of the platform, continue the core values such as freedom of expression and privacy protection, and avoid the interference of external forces. Durov admits that years of defending online freedom have drawn hostility, and that the foundation's structure reduces the risk of operations being forced to change direction. Market participants pointed out that it is not common to hand over commercial companies to non-profit foundations, but for services such as Telegram, which focus on user privacy, it may be seen as an institutional guarantee to ensure long-term commitment. Durov's will challenges traditional succession and corporate succession models by linking family, wealth and corporate governance within a single framework. Will this arrangement be as fair and transparent as he would like it to be in the next 30 years? It will become the focus of continuous observation from the outside world. Simply... I didn't expect that he had so many children. Telegram founder Pavel Durov was allowed to leave France, TON jumped 20% Sequoia Capital Partner: The world underestimated the seriousness of Pavel Durov's arrest Telegram founder Durov first spoke after leaving France: It feels good to be home, I believe that a community of 1 billion people can overcome any problem. "Telegram founder made a will, 17.1 billion magnesium wealth distributed 6 children and 100 sperm donors: fear of death to fight for the inheritance of Shura field" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".