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Lionel Richie: He of Big Money and Little Faith

7/29/2008 1:20 PM PDT BY TMZ STAFF
Lionel Richie: He of Big Money and Little Faith

Lionel Richie opened up a huge trust fund for baby Harlow -- but it sounds like he's doing it because he doesn't have that much trust in Nicole.

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Nicole Richie

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Reader Comments

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1.
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DENISE DENISE DENISE:  1293 days ago

FIRST BOOO YA

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joeschmoe:  1293 days ago

Can you blame him?..oh, and you suck #1...

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Space Mountain:  1293 days ago

Everybody should have a HUGE trust fund

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CELEBS HAS NO COMMON SENSE OR DO THEY PAY IN FULL CASH:  1293 days ago

#3.....Billionaires and many some millionaires will NOT leave NO MONEY
to there children . They will give it all to charity . This is where I think it's
wrong , msnbc has a story on this topic. These are the people who's like
Bill Gates and Warren Buffet , philanthropic . .

IF a person is wealthy , there's nothing wrong to have trust fund for your children .
If they don't ( parents ) they're selfish people .

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Bird:  1293 days ago

#4 I disagree. Take Bill Gates for example. He made his money. He didn't inherit it. I could see a person like him thinking that it would be good if his children made their own way rather than sit back and relax doing nothing other than spending the billions he worked hard to earn. He has the ability to give them a top of the line education and expose them many things that will benefit them culturally. There is no reason for them not to achieve greatness on their own. If he just gives the money to them he will have a legacy of descendants like Paris Hilton AND Nicole Ritchie who do nothing but bring shame on the family name and contribute absolutely nothing to society.

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MsDoloD81:  1293 days ago

Um TMZ, what is wrong with a grandfather setting up a TRUST FUND for his GRANDDAUGHTER????? YOU guys have no faith in Nicole....goodness, if he doesn't open the acct then who will, Joel???? With what money???? Let rich-ass grandpa take care of the finances damnit!!!

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Bob Booie:  1292 days ago

He should rely on the money Nicole makes.She must average $52 a year for the sale of the dvd of that lousy rehearsed show she did with lazy eye Paris

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katie:  1292 days ago

Ms Dolo D;

lmfao you have no idea just how much money joel has.

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SeXXXy Bids:  1279 days ago

Loving Nicole Richie! Did you know when Harlow goes to sleep she and Joel check out SexxxyBids.com for their latest couple toys!

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SeXXXy Bids:  1279 days ago

Loving Nicole Richie! Did you know when Harlow goes to sleep she and Joel check out SexxxyBids(dot)com for their latest couple toys!

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S. Moran:  1262 days ago

Why the hell not. If she sets aside money or now he should have some momey put away for his grandchild.

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