CNN’s Anderson Cooper, has gone on record saying he won’t inherit any of his moms, Gloria Vanderbilt’s $200 million dollar fortune-and for good reason.
The anchor man who currently makes about $11 million a year, told Howard Stern, he knew from a kid he would have to pave his own way in life.
“I don’t believe in inheriting money … I think it’s an initiative sucker. I think it’s a curse.
“Who’s inherited a lot of money that has gone on to do things in their own life? From the time I was growing up, if I felt that there was some pot of gold waiting for me, I don’t know that I would’ve been so motivated.
“I’m doing fine on my own, I don’t need any,” he said.
Cooper’s mom, Gloria Vanderbilt (90) inherited most of her wealth from her father, Reginald Claypoole Vanderbilt, an heir to the Vanderbilt railroad fortune. He left her a $5 million dollar trust fund when he died in 1925. Cooper’s father, Wyatt Emory Cooper, was Gloria’s fourth husband and died in 1978 from a heart attack when Anderson was a young boy.
Let’s face-it, most people appreciate that which they’ve worked hard for. Having said that, I agree with most of Anderson’s commentary; however, it seems to discount the advantages of growing-up privileged.
Think about how different your life would be if your mother inherited $5 million in 1925. That little boost or head start afforded him a great education and connections that no amount of money can trump.
Sure it’s noble of him to say, I make my own money and don’t need my moms, but he’s privileged to even utter such words.
His mother obviously made good on her inheritance and was able to raise an intelligent, hard-working son, but don’t think for once that inheritance didn’t help create generational wealth. And without it, the challenges of life would have been a lot less conquerable.
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