Sting’s six kids won’t inherit any of his $300 million: ‘trust funds are albatrosses’

sempie Ağustos 01, 2021

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Did you know that Sting has six kids? I did not know that. I guess I thought he probably had a few, here and there, but he has SIX: Eliot Paulina, Joe, Mickey, Jake, Fuchsia and Giacomo. Yes, some of those names sound like dog-names. But it’s fine. Anyway, I think all of Sting’s kids are legally adults at this point…checking that… yes, the youngest kid, Giacomo, is 18 years old now and he’ll be 19 in December. They all have their own careers to varying degrees, and it seems like most of them gravitated towards music and art. Sting has an estimated wealth of $306 million, and he’s now saying that his children will inherit very little of it:

Former Police lead singer and musician Sting has today said he will not be passing on any of his £180million fortune to his children because he wants them to earn their money themselves.

He said: ‘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. 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.’

[From The Daily Mail]

I actually have mixed feelings about this, and I think it depends on the parent and the kid. I inherited a little bit of money from my dad, and I was grateful because it came to me a few years ago, when I already had a good job and life experiences and had already supported myself for a while. Now that inheritance is my nest egg, my rainy-day money, my in-case-of-emergency money. I think it’s asking for trouble if you give a teenager or a 21-year-old a huge trust fund or inheritance, but if you’ve raised your kids to respect money and to not be afraid of hard work, I don’t see how a modest inheritance well into adulthood hurts at all. Especially considering the fact that Sting’s kids have chosen the artsy-fartsy types of career paths, you know? It’s not like they’ve been raised to work in STEM fields.

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