June 23rd, 2014

sting albatros 140623

Sting has revealed his children will not inherit his £180m fortune, fearing that his riches are “albatrosses round their necks”.

The former frontman of The Police grew up in a working-class family in Wallsend, North Tyneside, and has gone on to become one of Britain’s wealthiest musicians.

But in an interview with the Mail on Sunday, he said he has told his six children not to expect to inherit much money because he doesn’t believe in trust funds.

He said: “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. 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.”

He also attacked assumptions that his children are bank-rolled by his fortune: “People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot.”

From Sting says his six children will not inherit £180m fortune in The Guardian.

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