LONDON (AP) — 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.
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The singer-songwriter who 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.
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