Legendary singer and one of Britain's wealthiest musicians Sting has revealed that his 6 children will not inherit his $300million fortune. His reason? "His wealth will be albatrosses round their necks".
Sting, in a recent interview said he'd told his children not to expect to inherit a dime of his money because he doesn't believe in trust funds, and has advised them to go make their own money.
"I told them there won't be much money left because we are spending it. We have a lot of commitments. What comes in we spend. I certainly don't want to leave them trust funds that are albatrosses round their necks. They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate." Sting, 62, has 6 children – Joseph, 37, Kate, 32, Brigitte Michael, 30, Jake, 28, Eliot Pauline, 23, and Giacomo Luke, 18...from two marriages. Who agrees with his decision?
Sting says his six children will not inherit his $300m fortune
Sting, in a recent interview said he'd told his children not to expect to inherit a dime of his money because he doesn't believe in trust funds, and has advised them to go make their own money.
"I told them there won't be much money left because we are spending it. We have a lot of commitments. What comes in we spend. I certainly don't want to leave them trust funds that are albatrosses round their necks. They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate."Sting, 62, has 6 children – Joseph, 37, Kate, 32, Brigitte Michael, 30, Jake, 28, Eliot Pauline, 23, and Giacomo Luke, 18...from two marriages. Who agrees with his decision?
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