Elton John on Fatherhood: No 'Silver Spoon' for New Son

PHOTO: Proud fathers Sir Elton John and his partner David Furnish talk exclusively to Barbara Walters in their first major U.S. television interview since son Zachary was born.
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Sir Elton John's music career has spanned more than 40 years and he has conquered every arena from Broadway to Hollywood. But for all his fame and wealth, he had never been a father…until now. John and his partner of almost 18 years, movie producer David Furnish, are the proud parents of four-month-old Zachary Jackson Levon Furnish-John. Zachary was born on Christmas Day 2010 and is the apple of his fathers' eyes.

"I knew I'd feel joy but it was the most relaxing thing that's ever happened to me," John said.

PHOTOS: Elton John -- From Pop to Papa.

So what kind of doting dad is Sir Elton John?

"We change him, we bath him, we feed him and we read him a story every night," says John of the couple's routine with the baby. "And we take him to lunch."

It's hard to imagine a baby who hasn't cut his teeth yet having lunch at the Beverly Hills Hotel, but when you're the son of Elton John it's par for the course.

"We have an apartment and we bought another apartment next door," said John. "We didn't bother to knock through to the second apartment so it's freestanding and we turned it into a nursery."

The Daily Mail in Great Britain had reported that the couple spent $4 million for their son's nursery, complete with round-the-clock nannies and a personal chef. John assures everyone that there are no chefs mashing bananas and the couple only employs one nanny.

"The worst thing you can do to a child, and I've seen it happen so many times, is the silver spoon," John said. "Being the child of a famous person is very difficult and we're very well aware of the pitfalls of that."

Although he owns homes in L.A., London and France, John says he will help Zachary navigate those pitfalls with a good sense of values. Both John and Furnish want Zachary to understand that hard work brings rewards.

"Our life might be very luxurious but it's all come from hard work," Furnish said. "Both Elton and I have sort of earned everything we've done in our careers and furthered our educations through our own drive and our own ambitions and we want Zachary to be exactly the same sort of way."

Watch more on Elton John on the latest full episode of "20/20."

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