Sting says his kids won't be getting trust funds

Trudie Styler, left, and Sting arrive at the 68th annual Tony Awards at Radio City Music Hall on Sunday, June 8, 2014, in New York. Charles Sykes, Charles Sykes/Invision/AP

LONDON - Pop icon Sting says his children won't be getting trust funds from his vast fortune, assuming there's any money left in it.

The 16-time Grammy Award winner and former frontman of The Police told The Mail on Sunday that the vast wealth would be "albatrosses" around the necks of his six children.

The singer-songwriter, who was born Gordon Sumner and grew up in a shipbuilding community in northeast England, says he told the kids, "There won't be much money left because we are spending it!"

"People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot," he was quoted as saying.

Sting's wealth was estimated at 180 million pounds ($306 million) by the Sunday Times Rich List.

Comments

CBSN Live

pop-out
Live Video

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.