Sir Mick Jagger may be one of the most popular rock stars in the world – meaning that he’s managed to become incredibly wealthy – but he’s recently seemed to suggest that he won’t be passing down his immense fortune to his children.

The 80-year-old Rolling Stones frontman has been on the music scene since the band first formed in London in 1962.

Since then, the band has released 31 studio albums, 122 singles, and 77 music videos. All of this has culminated in the group having sold more than 200 million records internationally, and being ranked the second greatest artist of all time by Billboard (behind The Beatles).

They’re also one of the longest-running music groups ever – managing to stay together for a whopping 61 years!

So, naturally, it’s no surprise that the band’s members have been able to rake in the cash… Jagger included.

Though, that doesn’t mean his children will automatically become rich, as he told the Wall Street Journal in a recent interview.

The father-of-eight told the outlet that he currently has no plans to sell the band’s post-1971 catalog – something that has become a trend among popular musicians lately. This process simply means that a musician sells ownership of the copyright in songs or recordings, or both, depending on the deal.

Entertainers like Katy Perry and even Bob Dylan have made the move to sell the rights to their music, resulting in multimillion dollar deals. Bob Dylan managed to rake in $300 million through selling his entire music catalog to Universal Music, and Dolly Parton has reportedly announced that she wishes to do to the same.