Ozzy, Sharon Osbourne's Children Will Determine The Fate Of Their Fortune

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Ozzy Osbourne and Sharon Osbourne plan to pass on their significant fortune to future generations of their family.

Sharon explained the couple's plan on The Talk while reacting to news that the late Kirk Douglas bequeathed most of his $80 million fortune to charity when he passed away last month at age 103.

"Everybody is different," Sharon said. "And I just know that my husband's body of work, that he's written, and kept us all in the lifestyle that we love, goes to my children."

The children will also be entrusted with determining what will become of Ozzy's image and likeness, she added.

"I don't want someone that never met my husband owning his name and likeness, and selling T-shirts everywhere and whatever. No, it stays in the Osbourne family."

Ozzy's latest solo album, Ordinary Man (his 12th overall) is already his highest-charting solo debut ever in the U.K.

Between Ozzy's equity in Black Sabbath, the solo recordings that he and Sharon have worked so hard to control and the hours of television in which the two have appeared, it's not hard to imagine the fruits of the couple's labor benefitting several future generations of Osbournes.

Estate planning is important in every field, but especially in the entertainment business where disputes regarding such matters often make it to the press.

The life's work of treasured artists like Frank Zappa, Kurt Cobain, Prince, Tom Petty, Chris Cornell and many others has been the subject of public feuds in recent years.

Photo: Getty Images

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