Anderson Cooper, CNN news anchor and heir to his mother Gloria Vanderbilt's fortune, is father! It's unclear if he has plans to donate any of the inheritance to charity, given his previous statements. John, who grew up ina "very working-class family," added that he "earned everything (he) did from hard work" and that's what he hopes for his children as well. Anderson Cooper has claimed for years that he isn't getting a dime of his mother Gloria Vanderbilt's money, which could add up to $200 million depending on how it's been invested and how much is left. The fortune that made him the wealthiest person in the world gave him nothing but anxiety. Gloria apparently tracked him down in Massachusetts, but even that reference is now pushing 35years old. To satisfy her, they provided her with the fortune she could consume. He makes a salary of $12 million a year from CNN and clearly has additional streams of income, such as writing his book. Gloria Vanderbilt died on June 17, 2019. Cooper, 54, opened up during the most recent . He can even set a plan for the Vanderbilt familys future generations but ruined the chance to do so. The 52-year-old news personality is in no dire need of money since Anderson Cooper has a net worth of $100 million, and that is before the massive inheritance from his wealthy mother. Unless anyone can come forward and document Gloria Vanderbilts current net worth, its quite possible that Anderson Cooper is not in line for a vast trust fund because the money itself is just not there. He called his mother an "anomaly". Click to reveal May 14, 2020. By 1995, Cooper was hired as a correspondent by ABC News en route to becoming the co-anchor of World News Now. He left in 2000 to host The Mole on ABC, but returned to news in January 2002, prompted by the Sept. 11, 2001, terrorist attacks. The family members competed to have the largest estates until Alva and William divorced. But in the meantime, his career success means that he hasn't managed to spend all of Gloria's money either. Anderson Cooper is an American television personality, journalist and author who has a net worth of $50 million. He doesnt really need a massive trust fund to set him up for the rest of his life. Were exes, but were family to each other, and we love each other as family and as co-parents, Cooper told People. Scenario 3: The Moneys Not There. By 1947, the remaining Vanderbilt properties followed the fall. Rather, the beloved broadcaster has forged his own path to a massive fortune all his own (of course, there are benefits and privileges that come with being a nepo baby outside of financial ones), building a significant net worth thanks to his successful career with CNN as a correspondent, talk show host and political commentator. In his book, Vanderbilt: The Rise and Fall of an American Dynasty They couldve saved their fortune if they knew not to spend everything they have and use the interest in their original wealth. One out of every 20 dollars in circulation belonged to Commodore Vanderbilt He had more money than the US Treasury.. Vanderbilt's inheritance is even more massive when adjusted for inflation: In 2022, Vanderbilt's $5 million fortune would have been worth more than $80 million. Just choose a video, watch it completely, and ask away in the comments. When Anderson's mother passed away in June 2019, many online sources claimed that Anderson would inherit her $200 million fortune, thus, his net worth previously said to be in the tune of $100 million was now reported to be at $200 million. Anderson Cooper is a part of the Vanderbilt bloodline. Elton Johnpostpones European shows in 2021 Farewell Yellow Brick Road tour after hip injury. Once the kids are independent and settled in their own careers, these are the questions wealthy families need to answer. He only makes headlines when a family wedding runs in the society pages, and that seems to be the way he likes it. Dubbed as the richest news anchor, Anderson's net worth is estimated to be $200 million. Biltmore estate costs $138 million in todays value of money. He knew the reason why Alva desired to build a large estate. Cooper is far from alone in his view on inheritances: a recent survey of American millionaires found that nearly 70% were worried about the possibility of leaving too much money for their heirs,. Also, unrenovated since 1997, when Ms. Vanderbilt moved in, it needs a total rehab. It sold in a mere few months after hitting the market. It wasnt about the homes anymore but the craving for belongingness in the prestige class. Sitemap, Your California Privacy Rights This eldest son doubled the money he received for the next ten years of his life. The eldest son complained about the burden of inheriting the majority of the fortune. After 30 years since Cornelius Vanderbilt died in 1877, the following generations of the family hit rock bottom. With the acceptance from wealthy families, other Vanderbilts wanted the same status. In that event, Gloria might not have needed to disinherit Cooper at all. Theres the usual bickering that any two people have when theres a kid involved, like what time should he go to swimming class, or should he wear the overalls, or whatever, he admits, adding, But all silly, minor things. goal is a life of flexibility and adventure, Fortunes Children: The Fall of the House of Vanderbilt, Anderson Coopers Book Vanderbilt: The Rise & Fall of an American Dynasty, Check out The Rise & Fall of an American Dynasty, Ready The Rise & Fall of an American Dynasty, Top Online Data Entry Home Jobs Without Any Investment, Start a Hotdog Business: Turn Your Passion for Food into Profit. As of February 2023, Anderson Cooper's net worth is estimated to be $50 Million. How did the family manage to lose it? There's none of that," he said at the time, according to Business Insider. And theyll never know it because this is the only one that theyll know," Kutcher said on Dax Shepard's Armchair Expert podcast. From the time I was growing up, if I felt that there was some pot of gold waiting for me, I dont know that I wouldve been so motivated.. 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It was an insane amount of money today, but in 1877 it boggled the imagination, Cooper explained on an episode of The Late Show with Stephen Colbert. Stan Stokowski is now in his late 60s and running a Long Island landscaping company. When he passed away in January of 1877, he left 95% of his money to his eldest son William Henry Vanderbilt. The mansion and the party paid off as Alva was finally in the elite. 853 Dauphin St. Suite 215 Mobile, AL 36602 2023 brooksconkle.com. GLORIA VANDERBILT, MODEL, FASHION DESIGNER AND MOTHER TO ANDERSON COOPER, DEAD AT 95 It wasn't immediately clear exactly what or how much Cooper will receive. ", Highest-paid actors of 2020: Dwayne Johnson is No. His early life was marked by tragedy as his father died during open-heart surgery when Anderson was just 10 years old in January 1978, and his older brother Carter died by suicide 10 years later by jumping to his death from the window of their mothers 14th-floor apartment. Although the wealth on his mothers side of the family afforded him certain opportunities, Cooper received a comparatively small $1.5 million inheritance following his mothers death in June 2019 at age 95. Cooper has a beach house in the coastal Brazilian town of Trancoso and famously renovated an old, 19th-century firehouse in New Yorks Greenwich Village, which he paid $4.3 million for in January 2010. But Radway says it's ultimately up to individuals on"how they want to use their money," adding that it's not always cut and dried. But I have yet to see detailed evidence that she was ever worth $200 million beyond vague references to her grandfather leaving that much wealth behind when he died in 1899, a quarter century before she was born. I think it's an initiative sucker. April 1, 2014 -- Anderson Cooper may come from a family with money, but he won't be seeing a dime of it. Some stars claim that leaving their children with an excess of wealth may limit their desire to forge their own path. Anderson Cooper has claimed for years that he isn't getting a dime of his mother Gloria Vanderbilt's money, which could add up to $200 million depending on how it's been invested and how much is left. "I don't believe in inheriting money. And to think, I traveled to Guatemala for six weeks on less money than it cost me to live at home in Alabama. In 2013, the creator of "The X Factor" and "America's Got Talent" said he also plans to donate his wealth to charity instead of sonEric Cowell, 7, who he shares with partner Lauren Silverman. The news anchor's mother Gloria Vanderbilt, who died last month at 95 after a brief battle with stomach cancer, allegedly left her son the bulk of her fortune. She wanted to feel lifes pleasures, its pains as well. If almost all the money goes to charity, she dies with something like a clean slate as far as the IRS and public opinion are concerned. He left smaller amounts to all of his other children. A post shared by Anderson Cooper (@andersoncooper), Cooper said there was no trust fund in his mothers will but upon her death, age 95, Page Six revealed Vanderbilts will, which was filed in Manhattan surrogate court, actually did leave Cooper with almost all of her estate in the form of property. "I don't believe in passing on huge amounts of. Her son, news anchor and reporter Anderson Cooper, kept her legacy alive with touching tributes. As for the other children of Cornelius Vanderbilt, he left a smaller fortune for them to inherit. Please note that if you purchase something by clicking on a link within this story, we may receive a small commission from the sale. 43 Top Cities To Work Remotely In The South. Anderson Cooper's net worth is said to be around $50 million, according to Celebrity Net Worth. According to a Yahoo finance article citing multiple . It is unbelievable to think that the Vanderbilt familys fortune turned into stones because of social acceptance. Anderson Cooper was born into a successful family of artists. According to Celebrity Net Worth, Anderson Cooper is worth $200 million. 6. Do Not Sell My Personal Information, Anderson Cooper tearfully says goodbye to mom Gloria Vanderbilt, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window), The Doobie Brothers announce 50th Anniversary Tour: Get tickets today, The 7 best home saunas of 2023, with expert tips on how to shop, This 2021 iPad is at its lowest price ever on Amazon, Save over $1,100 on this 65" LG Smart TV today on Amazon, The viral lululemon Everywhere Belt Bag is back in stock UPDATED. reveals she isn't leaving any money to her children. She spent the Vanderbilts riches on building a mansion, the largest in New York, on being accepted by the crowd. Cooper, who welcomed son Wyatt Morgan via surrogate in April 2020, is the latest celebrity to declare that he won't leave his son an inheritance. I dont believe in inheriting money I think its a curse. He became a correspondent for ABC news in 1995 and was promoted to co-anchor of World News Now in September 1999. Anderson Cooper's net worth explored. His neighbors house didnt cost as much as his. "My mom's made clear to me that there's no trust fund," Cooper once told Howard Stern in a radio interview first reported by Business Insider. From wanting their children to grow up to beself-sufficient tochoosing to donatetheir wealth to charity instead, these are the celebritiesturning their back on generational wealth. Maybe she had other investments that panned out extremely well over time. Follow me on YouTube if that's easier). Anderson Cooper has an estimated net worth of $200 million after inheritance. Until he was a bona fide star, he never had to cash in. Thanks for contacting us. 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