On Monday’s episode of the Morning Meeting podcast, Cooper got real about his financial plans when it comes to the toddler, revealing he’s taking a page out of his mom, the late Gloria Vanderbilt’s, parenting book.
On the Morning Meeting podcast, hosted by Air Mail editors Ashley Baker and Michael Hainey, Cooper shared that he will be following his Mother’s footsteps when it comes to money with his one-year-old son, Wyatt. “I don’t believe in passing on huge amounts of money. I don’t know what I’ll have . . . don’t intend to have some sort of pot of gold for my son.” He went on to explain that he’ll probably do what his parents did for him, “college will be paid for and then you’ve got to get on it.”
It’s a perspective he’s maintained for years. “I don’t believe in inheriting money, “ he told Howard Stern in 2014. “My mom’s made it clear to me that there’s no trust fund. There’s none of that…I think it’s an initiative sucker.”
Cooper also shared that growing up, his family name wasn’t as glamorous as some may have thought, “I knew enough to know that I didn’t want to associate with it . . . you would read online that my mom had 200 million dollars and I was going to inherit all that and none of that was true and it was a very interesting perspective for people to believe that about me and not say anything about it.”
Well, it looks like Wyatt won’t be inheriting a huge fortune. After hearing a little bit about Cooper’s childhood experience, maybe it’s a blessing in disguise. We can only imagine what growing up in such a public family is like, and we look forward to learning more about the Vanderbilts in Cooper’s new book.
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