While some billionaires, including Warren Buffett and Bill Gates, have pledged to give most of their vast fortunes to charity instead of their kids, self-made billionaire and host of CNBC's "Billion Dollar Buyer" Tilman Fertitta doesn't anticipate doing the same.
"I look at things totally differently," he tells CNBC Make It. "I believe that what you've created is a legacy for you and your family."
Fertitta is the owner of the NBA's Houston Rockets and CEO of Landry's Inc., one of the largest restaurant corporations in the U.S.
Though he plans on keeping his estimated $3.8 billion within the family, the hospitality mogul has made sure to instill the value of a dollar in his children.
"You try to instill what's right and wrong with your kids," he says. "I don't spoil my kids. My kids go to work every day."
Fertitta explains that his children have been working at his company since they graduated from college and he believes that doing so has taught them that they can contribute more to society by continuing to grow the business and create jobs.
"That's what makes American capitalism," he says.
His sentiment lies in contrast with his fellow billionaires. In 2011, Bill and Melinda Gates told the Daily Mail that they are giving their three kids "a minuscule portion" of their estimated $94.5 billion.
Gates reiterated this in 2016 when he told he told "This Morning" that it's a disservice to kids to give them a large sum of wealth.
"It distorts anything they might do, creating their own path," he said at the time.