Sting says he won't leave his kids a big inheritance
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The Police frontman, reportedly worth about $300 million, says he won’t be leaving his three sons and three daughters a big inheritance.
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“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,” the 62-year-old rocker told The Daily Mail in an interview. “'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.”
In fact, Sting asserted, his kids have always had to work for what they have. The five oldest, ranging in age from 23 to 37, have careers in the film and music industries. Sting's youngest child, son Giacomo Luke, is 18.
Sting added that while he’d be willing to help if any of his kids was in real financial trouble, he hasn't had to step in yet.
“They have this work ethic that makes them want to succeed on their own merit," he explained. "People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot.”