Faces & names: Sting: My kids won’t inherit my fortune
With every step they take and every move they make, Sting’s kids will have to make their own financial way. The singer-songwriter says he doesn’t plan to leave anything for his three daughters and three sons, and that they’re fine with that.
“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,” he said in an interview with The Daily Mail.
“I certainly don’t want to leave them trust funds that are albatrosses ’round their necks,” he said.
“They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate,” he said. “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.”
He also says he has no guilt about his fortune, which is estimated at more than $300 million. He said he has more than 100 people on his payroll.