Why Gloria Vanderbilt Did Not Leave an Inheritance for Son Anderson Cooper
By Antoinette Bueno
This video is unavailable because we were unable to load a message from our sponsors.
If you are using ad-blocking software, please disable it and reload the page.
Gloria Vanderbilt, American Icon, Dead at 95
Niecy Nash Gushes Over Her 2-Year Wedding Anniversary With Wife …
Howie Mandel Chokes Up Over Death of Bob Saget, Gilbert Gottfrie…
Comedians Lil Rel and Keegan-Michael Key on Dave Chappelle Onsta…
Hilary Duff Calls Posing Nude a Combination of Terrifying and Fr…
Tim McGraw & Faith Hill on Helen Mirren and Harrison Ford Joinin…
Watch Angelyne in Rare Interviews About Her Iconic L.A. Billboar…
David Oyelowo on Joining the 'Yellowstone' Universe With Bass Re…
Johnny Depp Not Dating His Attorney Camille Vasquez (Source)
BIBI on Her History-Making Coachella Performance (Exclusive)
Watch Johnny Depp's Testimony Claiming He Was Dropped From 'Pira…
Rob Kardashian Wants Daughter Dream to Feel ‘Secure and Safe’ Am…
Zendaya and Tom Holland Show PDA in Boston
Ashley Graham Shows Off 'New Tummy' Months After Giving Birth
Megan Fox Details 'Blood-Drinking Ceremonies' With Machine Gun K…
Lil Jon on Why He Started Doing Home Renovations With New HGTV S…
Randy Jackson Reveals Which Celebs He’d Like to See on ‘Name Tha…
Abby Lee Miller Responds to the People Who Abandoned Her While S…
Alec Baldwin’s Attorney Defends Actor Amid Newly Released Police…
Anderson Cooper has always been content making his own money.
The 52-year-old journalist's mother, artist and heiress Gloria Vanderbilt, died on Monday after a battle with stomach cancer. But although Vanderbilt was wealthy due to her successful business ventures as well as her late father being financier Reginald Vanderbilt, the heir to a railroad fortune, Cooper made it clear in a 2014 interview that his mother was not leaving him a trust fund.
"My mom's made clear to me that there's no trust fund. There's none of that," Cooper told a shocked Howard Stern during his appearance on the host's Sirius XM show. " ... I'm doing fine on my own. I don't need any."
He went on to explain why he didn't mind his mother not leaving him her considerable fortune.
"I don't believe in inheriting money," he said. "I think it’s an initiative sucker, I think it’s a curse. Who's inherited a lot of money that has gone on to do things in their life? From the time I was growing up, if I felt like there was some pot of gold waiting for me, I don't know if I would have been so motivated."
Cooper also pointed out that his mom made more money by herself than she inherited.
"We believe in working," he noted. "She's the coolest person I know. She really is."
Vanderbilt was estimated to be worth $1.5 million at the time of her death.
The late heiress made it clear throughout her life that she valued making her own money. In a 1985 interview with The New York Times, she said, "I'm not knocking inherited money, but the money I’ve made has a reality to me that inherited money doesn’t have."
In a 2016 interview with CBS This Morning, Cooper said that both he and his mother didn't have much of a connection to the wealthy Vanderbilts.
"That name Vanderbilt has such baggage with it, such history, and I'm very glad I don't have that name, and my mom never felt much connection to the Vanderbilt family and I certainly didn't," Cooper said, noting that he always identified more with his late father, writer Wyatt Emory Cooper's, more down-to-earth roots in Mississippi. "One of the happiest days for my mom, she called me and said, 'Somebody just referred to me as Anderson Cooper's mom.' Very happy that she's reached that stage of life."
"Gloria Vanderbilt lived her entire life in the public eye," he said while narrating a touching video. "Born in 1924, her father, Reginald Vanderbilt, was heir to the Vanderbilt railroad fortune, but gambled away most of his inheritance, and died when my mom was just a baby. Gloria Morgan Vanderbilt, her mother, wasn't ready to be a mom or a widow."
"My mom grew up in France, not knowing anything about the Vanderbilt family or the money that she would inherit when she turned 21," he continued. "She had no idea the trouble that money would create."
Her family name continued to affect her as she grew up, after a judge granted custody to her aunt, Gertrude Vanderbilt Whitney, when she was 10 years old -- whom she barely knew at the time -- and fired her beloved nanny, whom she was close to. The intense custody battle between her aunt and her mom was dubbed "The Trial of the Century."
"As a teenager, she tried to avoid the spotlight, but reporters and cameramen would follow her everywhere," Cooper shared. "She was determined to make something of her life, determined to make a name for herself and find the love and family that she so desperately craved."