Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, June 18, 2019

Why Gloria Vanderbilt's son Anderson Cooper Likely Won't Inherit her Massive Fortune

CooperThe great-great-granddaughter of financier Cornelius Vanderbilt, Gloria Vanderbilt, died Monday at the age of 95 after a battle with stomach cancer. Though the heiress inherited a sizable trust fund from her father, it is unlikely that she did the same for her children, including CNN anchor Anderson Cooper. Cooper had told radio host Howard Stern in 2014 that his mother had made it very clear that there would be no trust fund for him.

Cooper said that he believes that people that inherit mass amounts of money have no initiative to work hard for their own money, saying that that type of sizable inheritance is "a curse." When it was pointed out that his mother had made her own money, arguably larger than the amount she inherited from the Vanderbilt name, Cooper said that his mother "was an anomaly."

Vanderbilt had an estimated net worth of $200 million at the time of her death, according to celebritynetworth.com.

See Katherine Lam, Why Gloria Vanderbilt's son Anderson Cooper Likely Won't Inherit her Massive Fortune, Fox Business, June 18, 2019.

https://lawprofessors.typepad.com/trusts_estates_prof/2019/06/why-gloria-vanderbilts-son-anderson-cooper-likely-wont-inherit-her-massive-fortune.html

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