Anderson Cooper is making it clear that he has no plans to leave his son, Wyatt, much inheritance, believing unearned money is a "curse."
"I don't believe in passing on huge amounts of money. I don't know what I'll have," the CNN newsman said the Morning Meeting podcast on Sept. 27. "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.'"
Anderson, the son of Gloria Vanderbilt, is taking a page out of his mother's book, who was always honest about her plans to leave him minimal inheritance.
"I don't believe in inheriting money…I think it's a curse," he said. "From the time I was growing up, if I felt like there was some pot of gold waiting for me, I don't know if I would have been so motivated."
Anderson, who has a reported net worth of $200 million, joins a list of celebrities who, for various reasons, have publicly stated that they will not leave an inheritance to their children. "Shark Tank" star Kevin O'Leary, who has an estimated net worth of $400 million, told CNBC that he set up a trust to take care of his family through college.
"You curse a child when you de-risk their lives. But that doesn't mean you can't help them. And listen, if [my son] ever has a kid, that trust is going to take care of that child from birth to the last day of college," Kevin said.
Daniel Craig also said his kids won't be receiving any of his multimillion dollar fortune. "My philosophy is get rid of it or give it away before you go," he told Candis Magazine in August.