French billionaire Pierre-Edouard Sterin is lobbying for a legal change that would allow him to disinherit his five children and donate his entire fortune to philanthropic causes. Current French law mandates that a significant portion of his assets must go to his offspring.

French billionaire Pierre-Edouard Sterin, who has stirred controversy over his right-wing politics, is pleading with lawmakers to modify rules so he can disinherit his five children, saying he prefers to give his fortune to charity. “I would like to give my entire estate to philanthropic causes,” the businessman told senators on Thursday during a public hearing, noting that under French law three quarters of his assets would have to be passed down to his offspring. “I’m in favour of being able.....