Television producer Simon Cowell has announced that his child will not be receiving any of his fortune. Despite the fact that he is a multi-millionaire, Cowell wants his money to be donated to charity.

In an interview with Esquire magazine, Cowell claimed that his child will not be receiving any hand-outs.

Cowell told the magazine: "I'm going to leave my money to somebody. A charity, probably - kids and dogs. I don't believe in that passing on from one generation to another... Your legacy has to be that hopefully you gave enough people an opportunity, so that they could do well, and you gave them your time, taught them what you know. I like that feeling."

Cowell is reportedly worth an estimated £240 million, but apparently his son will not receive a penny from his earnings.

The producer also has no plans to give up on his heavy workload in the near future. Cowell told Esquire: "A lot of people who retire, they hate their job so much, they just love the idea of not working anymore. That horrifies me. I'm going to be still working in my 80s or 90s if I can."

Cowell is expecting his first child with girlfriend Lauren Silverman. The pair have reunited following the news of the pregnancy.