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And Finally Artist News
No inheritance from old Sting
By Andy Malt | Published on Monday 23 June 2014
Sting is trying to spend all of his money – an estimated £180 million – to ensure that his children aren’t able to inherit it, he has told the Mail On Sunday. But it’s for their own good.
“I told them there won’t be much money left because we are spending it”, he said. “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”.
He added: “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”.
Asked if he felt guilty about his wealth, he said: “Why would I feel guilty? It’s not a useful emotion. I use my houses and love having them. I am grateful I have made money. I appreciate it because I spent much time without it. I use my money well. I am not a billionaire. I am very well off and I am certainly not complaining. I was not given it. I earned it through hard work and it was hard work. You try singing for two hours, getting on a plane every day. It’s hard, but I love it”.