Jerry Seinfeld insists his kids aren't rich brats—not that there's anything wrong with that.In the newest issue of The New York Times Magazine, the comedian, who has an estimated worth of $800 million, claims his children (Sascha, 12, Julian, 9, and Shepherd, 7), by and large, don't behave like entitled, materialistic snobs.

PHOTOS: Hollywood's trendiest kidsHis daughter, he shares, was upset when his wife, Jessica, gave her an iPhone 5. The tween called it a "mean-girl phone" and asked for a less expensive option. Meanwhile, his son Julian has badgered him to sell his collection of Porsches (Seinfeld owns up to having "a few dozen"), even calling his father "spoiled."

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The tireless stand-up, who is now 58, continues to perform, averaging about two comedy shows a week, and has become a living legend. "From the get-go he was the greatest observational comedian who ever lived—nobody was, or is, as funny as him," said director Judd Apatow, whose movie This Is 40 opens today. Seinfeld creator Larry David praised his longtime friend in his own way: "Jerry doesn't get enough credit for his misanthropy—it's why we get along so well."

This article originally appeared on Jerry Seinfeld: My Kids Aren't Spoiled