Sting says no trust funds for his kids, if there's money left

Pop icon Sting says his children won't be getting trust funds from his vast fortune, assuming there's any money left in it.

The 16-time Grammy Award winner and former frontman of The Police, told The Mail on Sunday that the vast wealth would be ``albatrosses'' around the necks of his six children.

The singer-songwriter who grew up in a shipbuilding community in northeast England says he told the kids, ``there won't be much money left because we are spending it!''

"People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot,'' he was quoted as saying.

Sting's wealth was estimated at 180 million pounds ($306 million) by the Sunday Times Rich List.

 

Photo credit: www.rollingstone.com

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  1. Joseph posted on 06/22/2014 06:47 PM
    Just a greedy cheap man. Maybe he thinks that he needs money after death.
    1. Grace posted on 06/23/2014 10:36 AM
      @Joseph Or he wants his children to earn their own money and live their own lives without depending on his money. They will likely receive some money when he dies, but he doesn't want them expecting it or they will get lazy.
    2. Geo posted on 07/03/2014 02:58 PM
      @Joseph Your comment is ridiculous.
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