Anderson Cooper’s son, Wyatt, is out of luck: Dad would not consider in large inheritances

CNN’s Anderson Cooper doesn’t fear a lot about cash — and he’s undoubtedly not nervous about leaving a “pot of gold” to his son.

That’s proper: Just as mom Gloria Vanderbilt did with him, Cooper shouldn’t be planning to go away an inheritance to Wyatt Morgan Cooper, the 17-month-old son he shares with former associate Benjamin Maisani.

“I don’t believe in passing on huge amounts of money. I don’t know what I’ll have. I’m not that interested in money,” Cooper mentioned on Saturday’s “Morning Meeting” podcast, talking with the monetary insouciance of somebody whose CNN contract reportedly delivers within the low eight figures yearly.

“I don’t intend to have some sort of pot of gold for my son. … I’ll go with what my parents said, which is, college will be paid for and then you gotta get on it.”

The journalist has good motive to be skeptical of the massive bucks. In a brand new guide with Katherine Howe, “Vanderbilt: The Rise and Fall of an American Dynasty,” he writes about his ancestors’ huge and squandered wealth, which took place by way of his great-great-grandfather, Cornelius Vanderbilt, who had amassed a transportation fortune of $100 million by the point he died in 1877.

That was greater than the U.S. Treasury had on the time. “One out of every 20 dollars in circulation at that time … would have belonged to the Vanderbilts,” Cooper mentioned.

The following technology doubled it, and the technology after that, properly, they turned “the definition of conspicuous consumption,” Cooper mentioned, constructing New York Metropolis palaces and shopping for boats and the like. By the point “the last Vanderbilt” rolled round — his mom, Gloria — the cash was primarily gone, it doesn’t matter what folks wrote about her on the web.

These current generations of Vanderbilts, he mentioned, turned “infected with money” and for probably the most half didn’t use it in “great acts of generosity” or to assist others. Or to discovered, you understand, Vanderbilt University.

When his mom died in 2019, having made her personal cash as a jeans designer, Cooper inherited every part she had apart from her Manhattan co-op, which went to an older half-sibling. Vanderbilt’s property when she died was within the neighborhood of $1.5 million, in accordance with probate paperwork reviewed by Fox News.

Cooper was 10 when father Wyatt Cooper died, and he mentioned on the podcast that from that second on, he set out on “a course of studying survival.”

“I knew my mom didn’t have a plan,” he mentioned. “I felt like the ship was sinking, and I wanted to know that I would survive.”

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