Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
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.
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.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
