Advertisement

  1. ITV Report

Sting: My children won't inherit my fortune - I'm spending it

Wealthy pop icon Sting has revealed his children will not inherit his £180 million fortune. Credit: PA

Wealthy pop icon Sting may have £180 million in the bank but he doesn't plan to leave much of his fortune to his children, who he says will "have to work."

The Tyneside native told The Mail on Sunday magazine Event that he plans to spend most of his cash before he dies because he believes trust funds will be "albatrosses round the necks" of his six children.

The former frontman of The Police said: "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. 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."

Sting with his daughter Coco and wife Trudie Styler in 2004. Credit: PA

The musician said he plans to spend his considerable wealth on his staff - he has more than 100 people on his payroll.

The 62-year-old, who is the ninth richest musician in Britain and Ireland according to the 2013 Sunday Time Rich List, was also keen to make clear that his children are not bank-rolled by his fortune:

People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot.

Sting has two children - Joseph, 37, and Kate, 32 - from his first marriage, and four children - Brigitte Michael, 30, Jake, 28, Eliot Pauline, 23, and Giacomo Luke, 18 - from his second marriage to Trudie Styler.