When you think of trust-fund babies, names like Paris Hilton, Rob Kardashian and Lisa Marie Presley come to mind. Cooper, who is himself worth approximately $110 million according to celebritynetworth.com and is believed to be paid $11 million a year, revealed, "I'm doing. We get along great.. Cooper is far from alone in his view on inheritances: a recent survey of American millionaires found that nearly 70% were worried about the possibility of leaving too much money for their heirs,. , Cooper examined the history of his family on his mothers side, chronicling how their massive fortune had dwindled to almost nothing by the time it fell to Coopers mother Gloria. In today's dollars, this fortune would be worth around $2.1 billion. "I'm not that interested in money, but I dont intend to have some sort of pot of gold for my son. He managed to be the wealthiest during that time. McLord Selasi is a writer and editor at Abtc.ng. Cooper, who welcomed son Wyatt Morgan via surrogate in April 2020, is the latest celebrity to declare that he won't leave his son an inheritance. Anderson Cooper, Ashton Kutcher,Marie Osmond, Simon Cowell,and more starshavetheir own reasoning to not leave their fortunes behind, arguing that passing down large sums of wealth can be harmful rather than helpful. But I have yet to see detailed evidence that she was ever worth $200 million beyond vague references to her grandfather leaving that much wealth behind when he died in 1899, a quarter century before she was born. The fortune that The Commodore made during his life and passed down to his children went down the drain. Brooks is an Entrepreneur, Sponge, Father, Husband, & Follower of the Golden Rule. Maybe she lives quite nicely on $1 million a year plus the occasional check from a family trust. Instead, she said, "I'm going to give mine to my charity. In his book, Vanderbilt: The Rise and Fall of an American Dynasty The house is on private land that was 10 square miles big. Anderson Cooper commands a salary of $12 million a year from CNN, according to multiple reports, making him one of the highest-paid newsmen in the country. It wasnt initially clear how much Cooper would receive, but it was assumed to be sizable given online reports about her net worth. This article originally appeared on GOBankingRates.com: How Rich Is Anderson Cooper? What an extraordinary life, what an extraordinary mom, and what an incredible woman. Sidenote: I will answer all of your questions over on YouTube. April 1, 2014 -- Anderson Cooper may come from a family with money, but he won't be seeing a dime of it. A post shared by Gloria Vanderbilt (@gloriavanderbilt). The news anchor's mother Gloria Vanderbilt, who died last month at 95 after a brief battle with stomach cancer, allegedly left her son the bulk of her fortune. People have muttered that the trust was actually empty by the 1950s. Stokowski stands to inherit only Gloria's luxurious apartment at 30 Beekman Place in New York (it's currently estimated to be worth $1.2 million), according to the document. But, the Vanderbilts hardly ever used them. However, the elegant mansion didnt get Alva what she desired. (Full inbox? Read on to find out about Anderson Coopers net worth. Stan and Chris, of course, are under no such obligation. Biltmore estate costs $138 million in todays value of money. Anderson Cooper is taking a page out of his late mother's book when it comes to how much money he plans to leave his son Wyatt. He only makes headlines when a family wedding runs in the society pages, and that seems to be the way he likes it. Its too early to tell what his financial philosophy as a parent will be. At the time of their peak, they had the worlds greatest fortune. A charity, probably kids and dogs," CowelltoldMirror U.K.in 2013. My mothers made clear to me theres no trust fund, he told Howard Stern in 2014, prior to his moms death in 2019, and he explained why he was grateful there wasnt. I dont believe in passing on huge amounts of money, the CNN anchor, 54, told Air Mails Ashley Baker and Michael Hainey on their Morning Meeting podcast before the birth of his second child. What is Anderson Cooper's net worth after his inheritance? Heres a look at Coopers net worth today at age 54. His work has earned him 18 Emmy Awards in addition to a Peabody Award and an Edward R. Murrow Award. He joined CNN in 2001, anchoring alongside Paula Zahn on "American Morning." In 2002, he became CNN . And to think, I traveled to Guatemala for six weeks on less money than it cost me to live at home in Alabama. Anderson Cooper is raking in $11 million a year from CNN and routinely donates book and appearance fees to charity. In the present context, his net worth is around $110 million. In 2021, Cooper listed the apartment left to him by his late mother for sale at 30 Beekman Place on the east side of Midtown Manhattana classic five on the second floorfor $1.12 million with monthly maintenance setting the owner back $4,311. From the time I was growing up, if I felt that there was some pot of gold waiting for me, I dont know that I wouldve been so motivated.. But perhaps he'll donate the money, having previously said, "I don't believe in inheriting money. The house itself is around 170,000 square feet big that costs a whopping $5 million to construct. For all practical purposes, he's the face of CNN now. Net Worth: . "Theres gonna be a yearly allowance so that their rent and their food (is) taken care of, but if you want riches, you should do that yourself," he said during an episode of his reality show "Gene Simmons Family Jewels. Cooper's net worth is largely derived from his career in journalism, which dates back to 1992. However, it takes intelligence to maintain the fortune for the following years. Im not that interested in money, but I dont intend to have some sort of pot of gold for my son. That would be around 70 million dollars by now. "I think its a curse From the time I was growing up, if I felt like there was some pot of gold waiting for me, I dont know if I would have been so motivated. It was an insane amount of money today, but in 1877 it boggled the imagination, Cooper explained on an episode of The Late Show with Stephen Colbert. Related Reading: Advantages & Disadvantages Of A Corporation Read My Opinion Here. Cooper was born in New York City on June 3, 1967, the son of writer Wyatt Emory Cooper and heiress, socialite and designer Gloria Vanderbilt. "Its not whether their child is going to be a billionaire, or a millionaire or a middle-class individual, they just dont want to provide too much wealth that will squelch their child's desire to contribute something to this world," she says. Cooper has said that his. Anderson CooperNet worth of is impressive. He was $1.5 million less before the inheritance as he had inherited less than $1.5 million from his late mom Gloria Vanderbilt's estate. And she was always in love. Anderson Cooper's net worth explored. Anderson Cooper is by far the highest-profile of the Vanderbilt heirs but despite the medias somewhat lazy tendency to focus on the famous one, Gloria had other sons. Errand Running Made Easy: Steps for Starting Your Own Business, Comparing Simple IRA and Simple 401(k) For Business Owners, Banking for the Self-Employed: The Best Banks for Freelancers. That's a great thing. He could always rely on family money to cover the bills. Anderson . His current salary from CNN is $12 million per year. "What Ive seen from other parents is that they dont want to provide too much money that theytake away their childs sense of purpose," Debra Radway,a certified financial planner, trustee and investment advisor withRadway Advisory Services LLC, tells USA TODAY. But all the rest of her estate will go to Anderson Cooper according to Vanderbilts last will and testament. Its awesome. "I don't believe in inheriting money. Gloria Vanderbilt was said to have a net worth of $200 million, although the exact amount has never been revealed. Despite this, Alva was unstoppable. The late socialite and fashion icon Gloria Vanderbilt had a reported net worth of $200 million prior to her passing earlier this week leaving her son, CNN's own Anderson Cooper, an heir to a . She was surrounded by beauty and family and friends Gloria Vanderbilt was 95 years old when she died. After 30 years since Cornelius Vanderbilt died in 1877, the following generations of the family hit rock bottom. Gloria allegedly told her one son, CNN anchor Anderson Cooper, that there would be no trust fund. Follow Along With 31 Days of Living Richer, Read About the Best Small Businesses in Your State, What It Means To Live a Truly Rich Life and How To Achieve It, Big Personal Goals That You Should Put Your Money Toward. He was born in Manhattan, New York, the younger son of author Wyatt Emory Cooper and socialite/artist Gloria Vanderbilt, who was a direct descendent of shipping and railroad magnate Cornelius Vanderbilt and the last to carry his name. The properties were good enough to rival mansions built since the Middle Ages. In April this year, 6th generation Vanderbilt Anderson Cooper told Howard Stern's radio show: "My mom's made clear to me that there's no trust fund." Indeed, all of their New York city homes had . "I don't believe in passing on huge amounts of. In love with men, or with friends, or books and art, in love with her children, and her grandchildren, and then her great-grandchildren. Cooper's net worth before the inheritance has been estimated at more than $100 . In that event, Gloria might not have needed to disinherit Cooper at all. Glorias oldest child, Leopold Stanislous Stokowski was gifted his late mothers apartment in a co-op in Midtown Manhattan. Hearst Magazine Media, Inc. All Rights Reserved. She was 95-years-old. Moving would be part of that. Presumably, this caused a legal battle between the other children that lasted for almost two years. Sooner or later, Gloria is going to die and the money left behind will go somewhere. goal is a life of flexibility and adventure, Fortunes Children: The Fall of the House of Vanderbilt, Anderson Coopers Book Vanderbilt: The Rise & Fall of an American Dynasty, Check out The Rise & Fall of an American Dynasty, Ready The Rise & Fall of an American Dynasty, Top Online Data Entry Home Jobs Without Any Investment, Start a Hotdog Business: Turn Your Passion for Food into Profit. Scenario 3: The Moneys Not There. "If he is not, then he will just be wasting my money. The Commodore said that anyone, even a fool, can make lots of money. But he grew up with enough of a financial cushion to concentrate on the career instead of simply taking whichever job would pay the rent. , Gloria is going to die and the money left behind will somewhere. Society pages, and that seems to be the way he likes it and an Edward Murrow... 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