AceShowbiz
 
Sting Says His Children Won't Inherit His Money
Celebrity

Despite his huge fortune, Sting wants his children to stand on their own feet without depending on trust funds.

AceShowbiz -

Sting is one of the richest musicians in Britain with his wealth estimated at $306 million. Before he became a superstar, the father of six grew up in a working-class family. In an interview with Mail on Sunday, he wants his children to earn their own money and not to expect trust funds from him.

"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, and there isn't much left," he says. "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. Obviously, if they were in trouble I would help them, but I've never really had to do that. They have the work ethic that makes them want to succeed on their own merit."

Sting, 62, was among the top 10 on Sunday Time Rich List in 2013. He has two children, Joseph, 37, and Kate, 32, from his first marriage to actress Frances Tomelty. He also has four children, Brigitte Michael, 30, Jake, 28, Eliot Pauline, 23, and Giacomo Luke, 18, from his second marriage to Trudie Styler.

He is not the only celebrity who doesn't believe in trust fund. Celebrity chef Nigella Lawson said a few years ago, "I am determined that my children should have no financial security. It ruins people not having to earn money."

About This Article

AI-Assisted Content: This article was created with the assistance of artificial intelligence technology under human editorial oversight. Our editorial team reviews and verifies all AI-generated content for accuracy.

Sources: Information in this article may be aggregated from publicly available sources including press releases, news agencies, and entertainment industry sources. We provide attribution where applicable and strive to ensure factual accuracy.

Learn More: For details about our editorial standards and practices, visit our Editorial Standards page.

Contact: Questions or concerns? Email us at [email protected]

Follow AceShowbiz.com @ Google News

You can share this post!

You might also like
Related Posts