Anderson Cooper, the American broadcaster, has expressed his intention to emulate his late mother, Gloria Vanderbilt, by not leaving any inheritance to his son.
During a recent podcast, the 54-year-old host of Anderson Cooper 360° revealed that he does not plan to leave any inheritance to his 17-month-old son, Wyatt Morgan, when he passes away.
Despite inheriting less than $1.5 million from his late mother’s estate, Cooper stated that he does not believe in passing on substantial amounts of money to his son. He emphasized that Wyatt’s college expenses will be covered. In a recent episode of the “Morning Meeting” podcast with Air Mail’s Ashley Baker and Michael Hainey, Cooper explained,
“I don’t believe in passing on huge amounts of money. I don’t know what I’ll have.
“I’m not that interested in money, but I don’t intend to have some sort of pot of gold for my son. I’ll go with what my parents said … ‘College will be paid for, and then you gotta get on it.”
The broadcast journalist welcomed Wyatt, who turned 1 in April, via surrogate. In a 2014 interview with Howard Stern, Cooper disclosed his mother’s stance on inheritance,
“My mom’s made clear to me that there’s no trust fund, there’s none of that.
“I don’t believe in inheriting money. … I think it’s a curse.”
Cooper recently chronicled his family’s wealth in his new book, Vanderbilt: The Rise and Fall of an American Dynasty, documenting how his ancestors went from being among the richest people in the world to losing their fortune.
