David Foster’s Surprising Inheritance Plans for His Children Revealed

David Foster stands as a towering figure in the music industry, yet financial windfalls don’t seem to be in the cards for his children. Sara Foster, one of Foster’s six children, clarified on an episode of “The Morgan Stewart Podcast” that despite her father’s success, she and her siblings haven’t been the beneficiaries of significant financial support.

Foster, known for composing timeless ballads such as “All By Myself,” “My Heart Will Go On,” “You Raise Me Up,” and “Never Enough,” has certainly amassed considerable wealth over his career. With a net worth estimated at $150 million by Celebrity Net Worth, one might expect an opulent lifestyle for his family. However, as Sara mentioned during the podcast, her father has a substantial number of obligations, including multiple children and former spouses.

Clearing up misconceptions, Sara remarked, “People think my dad is a billionaire… he is very successful. But my dad has had many wives, he has many children, and we don’t have a trust fund.” Indeed, David Foster’s life has included five marriages, with Yolanda Hadid, one of his notable ex-wives, reportedly receiving nothing in their divorce. Public details about his other separations are scarce. When the time comes to distribute his assets, his children and his much younger wife, Katharine McPhee, will all receive limited portions.

However, regardless of any future inheritance, David Foster’s children are well-prepared to stand on their own. Sara explained on “The Morgan Stewart Podcast” that their upbringing emphasized independence over financial reliance. She expressed gratitude for having a safety net that ensured her basic needs were always met, stating, “It is an absolute privilege to know that you have a safety net which would never put you on the streets.” She proudly attributed her successes to her personal efforts rather than her father’s fortune.

Before her appearance on “The Morgan Stewart Podcast,” Sara, along with her sister Erin, discussed their upbringing on the “Sibling Revelry with Kate Hudson and Oliver Hudson” podcast. They acknowledged having a safety net yet revealed that their relationship with their father was sometimes strained, particularly during his time with then-stepsons Brandon and Brody Jenner. The sisters faced criticism for their perceived affluence despite not benefiting directly from their father’s wealth. Erin noted, “We get all sorts of, like, backlash for it, but we don’t actually, like, get the benefits.”

Ultimately, it seems things worked out for the best, because both Sara and Erin are now successful independently of their dad and even have a good relationship with him. That said, let it be known: the Fosters are no nepo babies.