Why Anderson Cooper won't get a cent of mum Gloria Vanderbilt's $290 million fortune
<p>Socialite, heiress and fashion icon Gloria Vanderbilt passed away this week with an estimated $290 million to her name.</p>
<p>However, her surviving three children, which include CNN anchor Anderson Cooper, aren’t expecting to inherit any of the remaining wealth.</p>
<p>It’s an arrangement that they’ve all been aware about for years.</p>
<p>Cooper revealed to Howard Stern during a radio interview reported by <a rel="noopener" href="https://www.businessinsider.com.au/anderson-cooper-wont-inherit-mom-gloria-vanderbilts-fortune-2014-4?r=US&IR=T" target="_blank">Business Insider</a> several years ago that he’s not getting anything from his mother.</p>
<p>“My mum’s made clear to me that there’s no trust fund. There’s none of that,” explained Cooper.</p>
<blockquote style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/BT4tS_4l7UR/" data-instgrm-version="12">
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<div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div>
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<p style="margin: 8px 0 0 0; padding: 0 4px;"><a style="color: #000; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none; word-wrap: break-word;" rel="noopener" href="https://www.instagram.com/p/BT4tS_4l7UR/" target="_blank">My mom just joined instagram @gloriavanderbilt. She thinks it is the best thing ever. she has 30k followers and can't believe that many people would want to follow her. Now she emails me several times a day asking for advice about what to post next.</a></p>
<p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;">A post shared by <a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px;" rel="noopener" href="https://www.instagram.com/andersoncooper/" target="_blank"> andersoncooper</a> (@andersoncooper) on May 9, 2017 at 2:06pm PDT</p>
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<p>However, it’s something that Cooper is OK with.</p>
<p>“I don’t believe in inheriting money. I think it’s an initiative sucker. I think it’s a curse.”</p>
<p>He justified his point by saying he’s “doing fine on my own”.</p>
<p>“Who has inherited a lot of money that has gone on to do things in their own life? From the time I was growing up, if I felt that there was some pot of gold waiting for me, I don’t know that I would have been so motivated.”</p>
<blockquote style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/Bvo7a-BHEkx/" data-instgrm-version="12">
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<div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div>
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<p style="margin: 8px 0 0 0; padding: 0 4px;"><a style="color: #000; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none; word-wrap: break-word;" rel="noopener" href="https://www.instagram.com/p/Bvo7a-BHEkx/" target="_blank">Just came across this photo with @andersoncooper and Carter. It was probably taken around 1979. It seems like yesterday.</a></p>
<p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;">A post shared by <a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px;" rel="noopener" href="https://www.instagram.com/gloriavanderbilt/" target="_blank"> Gloria Vanderbilt</a> (@gloriavanderbilt) on Mar 30, 2019 at 9:40am PDT</p>
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<p>Ms Vanderbilt also spoke about her difficult relationship with her inheritance, telling <a rel="noopener" href="https://www.nytimes.com/2019/06/17/style/gloria-vanderbilt-death-dead.html" target="_blank"><em>The New York Times</em></a> about her experience.</p>
<p>“I’m not knocking inherited money,” she explained.</p>
<p>“But the money I’ve made has a reality to me that inherited money doesn’t have.</p>
<p>“As the Billie Holiday song goes, ‘Mama may have and Papa may have, but God bless the child that’s got his own’.”</p>
<p>At the time of her passing, Ms Vanderbilt had reportedly already spent a great deal of her fortune, as well as donating to charity. </p>
