Sting Doesn’t Plan on Passing Down a Cent to His Children
Rock music can be quite a lucrative line of work if you’re lucky enough to reach the top. Through hard work and an acumen for inspired songwriting, Sting has gone on to become one of those chosen few to amass a staggering amount of wealth in his career. And yet, he doesn’t plan on passing along any of it to his six children.
Though his estimated wealth sits somewhere in the region of $300 million, the former Police singer sees his fortune as a potential burden on his offspring. “I certainly don’t want to leave them trust funds that are albatrosses round their necks,” he expressed in an interview with the Daily Mail. Besides, “I told them 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.”
The artist formerly known as Gordon Sumner knows a thing about growing up and making it on your own, and apparently he’s determined in his life to pass along that same do-it-yourself mindset to his children. ‘They have to work,” he said. “All my kids know that and they rarely ask me for anything, which I really respect and appreciate.”
While it might seem just a bit of a callous way to teach a life lesson, Sting’s mindset isn’t as prickly as it may seem. “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.”
Sting isn’t the first wealthy rocker to take this position. In an interview with CNBC a few years ago, Kiss bassist Gene Simmons detailed his own posthumous plans for his children, “in terms of an inheritance and stuff, they’re gonna be taken care of, but they will never be rich off my money. Because every year they should be forced to get up out of bed, and go out and work and make their own way.”