"We do not want to give excessive wealth to our progeny. Giving wealth to young and future unborn children, in our opinion, reduces or eliminates the character-building challenges ahead of them in life that they would otherwise face," she said.
Billionaires to give away fortunes →
The daughter of New York Jets owner Robert "Woody" Johnson, Johnson lived a party life, and in December she announced her engagement to bisexual reality TV star Tila Tequila.
American Scene →