Sting Vows His Kids Won't Be "Trust Fund" Babies & 6 Other Stars Who Take the Same Stance
International rock star Sting has 16 Grammys and an estimated $180 million to his name, but that doesn't mean that his six kids are going to be walking through fields of gold for the rest of their lives. (Sorry about that.) In a recent interview with the UK's Daily Mail, Sting said that despite his wealth, his children have not been born with a silver spoon in their mouths and they understand the value of hard work. "I told them there won’t be much money left because we are spending it,” the 62-year-old stated. “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."
Sting said of his kids (he has five children with his wife of over 20 years, Trudie Styler, and a child from his previous marriage to Frances Tomelty): "With my children there is great wealth, success — a great shadow over them — so it’s no picnic at all being my child." ( Frances Ha actress Mickey Sumner is one of Sting's six children.) The Police frontman also told the Daily Mail, "Obviously, if they were in trouble I would help them, but I’ve never really had to do that. They have this work ethic that makes them want to succeed on their own merit. People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot."
We've gotta say, in the age in which celebrity babies are, quite literally, thrown lavish music festivals, Sting's attitude on fame and money is pretty damn refreshing. But the singer (whose musical The Last Ship arrives on Broadway this fall) isn't the only star to take a strong stance on where their inheritances will go. Here are six other celebrities who have vowed that their money won't just go to their kids, if at all.
Along with the likes of Warren Buffet and Bill Gates, the man behind Star Wars has signed The Giving Pledge, a commitment made by the world's wealthiest people to donate their wealth to the greater good. During an interview in 2012, Lucas — a father of four — said, "Money is a burden for people. I know my kids are not gonna be destitute but they’re never going to be able to afford a Learjet, unless they do it themselves."
Back in 2008, the celebrity chef and mother of three stated in an interview, "I am determined that my children should have no financial security. It ruins people not having to earn money." She later clarified, "Of course I have no intention of leaving my children destitute and starving. Rather, this is a story that came from a comment I made about my belief that you have to work in order to learn the value of money."
The actor/martial artist was quoted that he will not be leaving his fortune to his son, instead his money will go to charity: "If he is capable, he can make his own money. If he is not, then he will just be wasting my money."
The former American Idol judge is a proud new papa, but last year he was singing a different tune when he told Esquire UK, "I'm going to leave my money to somebody. A charity, probably — kids and dogs. I don't believe in passing on from one generation to another."
Andrew Lloyd Webber
Famed Broadway composer and father of five, the man behind the likes of Cats and The Phantom of the Opera has reportedly once said about his will, "I don't think it should be about having a whole load of rich children and grandchildren. I think it should be used as a way to encourage the arts."
Wanna rock and roll all night and party everyday? Okay...but it's not gonna be on his dime. The KISS frontman, reality show star (Gene Simmons Family Jewels), and father of two once said in an interview, "I might give [my money] all away....There’s gonna be a yearly allowance so that their rent and their food and all that stuff’s gonna be taken care of, but if you wanna riches, you should do that yourself.... I don’t them to say, 'Thanks, dad, for making me rich.’ No, you wanna be able to stand on your own two feet and say, 'I did that.'"