Monday, 23 June 2014

#Sting Will Not Let His Children Inherit His $300 Million Fortune

#Sting Will Not Let His Children Inherit His $300 Million Fortune

In a new interview with the Daily Mail, British music legend Sting spoke about his plans for his children and his £180 million (about $300 million in U.S. currency) fortune.

Sting has six children, two from his marriage to Irish actress Frances Tomelty, and four from his current marriage to English actress Trudie Styler.

According to Sting, the issue of his inheritance might not come up at all, considering how fast he goes through it. Sting has over 100 people in his employ.

"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."

“They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate," Sting told The Mail. "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."

The 62-year-old musician also said that he didn't want to "leave them trust funds that are albatrosses round their necks."

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