Anderson Cooper Shares He Will Not Leave His Son an Inheritance from His Multimillion-Dollar Fortune
Journalist and political commentator Anderson Cooper just shared that he doesn’t plan to leave an inheritance for his 17-month-old son on a Saturday episode of the “Morning Meeting” podcast.
We previously reported that Cooper’s son Wyatt Morgan Cooper was born via surrogacy on April 27, 2020, but Cooper didn’t officially announce the birth of his son until April 30.
Anderson Cooper, who came out publicly as gay in 2012, is worth an estimated $200 million. And surprising to some, Cooper is choosing to follow in his late mother’s, Gloria Vanderbilt’s footsteps, who died in June of 2019.
“My mother made clear to me that there’s no trust fund, there’s none of that.” Cooper said on Howard Stern’s podcast back in 2016. It’s a possibility that his mother was echoing the lessons learned from her family, the Vanderbilt’s who were one of America’s richest families before losing it all.
Cooper wrote about this in his 2021 novel, “Vanderbilt: The Rise and Fall of an American Dynasty”.
“In some ways I wanted this to be a letter to my son,” Cooper told PEOPLE magazine.
“My dad wrote a book before he died about his family growing up in Mississippi. And because he died when I was so young, a lot that I know of him came from that book. I wanted to write a letter to Wyatt about this crazy and unusual part of his family’s past.”
He shared his plan not to leave an inheritance for his son while talking about this book on the “Morning Meeting” and how while he wasn’t going to completely set his son in inheritance, he wouldn’t deprive him of help completely.
“I’ll go with what my parents said…College will be paid for, then you gotta get on it.”