Bank of Dave self-made millionaire giving away money to 'keep kids working hard'
A CEO has pledged to give away the vast majority of his multi-million fortune after death to "keep his kids humble".
Bank of Dave millionaire Dave Fishwick says it would be "burdening" to let his children rely on inheritance, and is planning to leave 99% of his wealth to help those less fortunate.
The Burnley businessman made his fortune selling minibuses before going on to set up a community bank lending out his own money following the 2008 crash.
Burnley Savings and Loans was set up the same year, helping people in the Lancashire town who were struggling to get loans following the banking crisis.
Now, 15 years on, the 51-year-old dad of two's story has been adapted into Netflix's Bank of Dave, which features cameo roles from the likes of Def Leppard.
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But Mr Fishwick revealed he won't be passing his millions onto his children.
Lancashire millionaire Dave Fishwick earned his fortune selling minibuses and vans (Getty Images for Netflix)The mogul has a police officer son and a daughter who works for an animal charity, and wants them to follow in his footsteps and make their own way.
“It’s so important that the children work hard because I have seen lots of people who have become successful and wealthy and they spoil their kids and the kids have no understanding of money whatsoever," he told Daily Star.
“I am going to give 99% of my wealth away when I pass away, whatever week, year it is. Hopefully it’s a long time away.
“It is all going back to society because burdening the next generation of Fishwicks, the next 10 generations of Fishwicks, with enough money so they don’t have to get out of bed in the morning I think is a really bad thing.
Dave Fishwick says he won't be giving all his fortune to his kids (Ken McKay/ITV/REX/Shutterstock)“You need to have a purpose to get up in the morning. I had three jobs at the beginning and I had nothing.
“It’s important that you have that work ethic and I think hard work puts you where some good luck will find you. My kids don’t always agree with that but they are good kids.”
Over the years, Mr Fishwick has lent £27m to people and businesses to get their ideas off the ground, with all profits going back into supporting others.
James Bond star Rory Kinnear played him in the feel good film which also starred Bridgerton's Phoebe Dynevor.
Dave Fishwick at the Netflix premiere, alongside wife Nicola (Getty Images for Netflix)Dave himself left school at 16 without any qualifications but his son Connor is a front line policeman and he is happy his children have forged careers of their own.
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He said: “A lot of people say is that not too dangerous a job for your children… no, you can’t wrap them in cotton wool. They need to go out there and live their life.
“Sometimes I will get up in the middle of the night to go for a wee and I wonder where they are and if they are in trouble or whatever but I know they have been brought up properly and it will be fine.
“I said to them you can do anything but not nothing. It’s important you do something that gives back to society.”
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