Damien Hirst Donated More than $10 Million to NHS, How to Help After Earthquake Hits Turkey, Syria, Jeff Bezos Pledges to Donate Most of His Wealth, Mastermind Behind Varsity Blues Gets 3.5 Years. At the time of his death, Vanderbilt had a massive net worth which is today's equivalent of $185 billion after adjusting for . Cornelius Vanderbilt, also known as The Commodore, has about 100 million dollars of fortune throughout his life. Presumably, this caused a legal battle between the other children that lasted for almost two years. She was the strongest person Ive ever met, but she wasnt tough, Cooper said. It was priced modestly, noted the New York Times at the time, saying: The apartment is on a low floor, has a high maintenance and is in a neighborhood that is slightly off the beaten track. We get along great.. The great-great-granddaughter of a railroad tycoon, Vanderbilt's net worth was rumored to be $200 million when she passed away, a sum stemming from a sizable inheritance and profits from her . Thanks for contacting us. I think its a curse, Cooper said. No, you wanna be able to stand on your own two feet and say, 'I did that.' In March 2014, Cooper's personal life made headlines again after he revealed during a candid interview on Howard Stern's radio show that he would not inherit any of his mother's sizable fortune . But the inheritance is somewhat unexpected. 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. Copyright 2008-2023 BroBible. Though thanks to a trust fund locked away by her grandfather, Cornelius Vanderbilt II, Gloria inherited $2.5 million (or about $36 million by todays standards). 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.. With the acceptance from wealthy families, other Vanderbilts wanted the same status. The inheritance may have come as a bit of a shock for the reporter, who told Howard Stern in 2014 that his mother had made it clear to him that there was "no trust fund. He joined CNN in 2001, anchoring alongside Paula Zahn on "American Morning." In 2002, he became CNN . reveals she isn't leaving any money to her children. Vanderbilt: The Rise and Fall of an American Dynasty. Cooper served as the executive producer of the HBO documentary Nothing Left Unsaid: Gloria Vanderbilt & Anderson Cooper in 2016, which was a collection of candid conversations with Vanderbilt, his mother. Son Carter Vanderbilt Cooper, Anderson's older brother, died of suicide at the age of 23. . For all practical purposes, he's the face of CNN now. The mansion and the party paid off as Alva was finally in the elite. By 2003, Cooper was hosting his own show Anderson Cooper 360 and has remained a fixture of the network for over a decade, co-moderating a presidential debate in 2016 and even hosting CNNs New Years Eve broadcasts. There's none of that," he said at the time, according to Business Insider. He managed to be the wealthiest during that time. He called his mother an "anomaly". Stokowski stands to inherit only Gloria's luxurious apartment at 30 Beekman Place in New York (it's currently estimated to be worth $1.2 million), according to the document. She wanted to feel lifes pleasures, its pains as well. When you think of trust-fund babies, names like Paris Hilton, Rob Kardashian and Lisa Marie Presley come to mind. Ill go with what my parents said College will be paid for, and then you gotta get on it., Cooper shares sons Wyatt, born in April 2020 and Sebastian, born February 2022, with ex-partner Benjamin Maisani, who were both born via surrogate. May 14, 2020. Anderson Cooper is already considered wealthy thanks to his successful career in broadcasting, but his mother Gloria Vanderbilt reportedly still left him $1.5 million at the time of her. He added, "People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot.". Moving would be part of that. I think it's a curse. In April this year, 6th generation Vanderbilt Anderson Cooper told Howard Stern's radio show: "My mom's made clear to me that there's no trust fund." Indeed, all of their New York city homes had . When his mother, heiress Gloria Vanderbilt, passed away in June 2019, her son, CNN anchor Anderson Cooper, reportedly inherited around $1.5 million from her estate. The TV journalist announced the birth of his son, Wyatt Morgan Cooper, in late April 2020. 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. He has a massive net worth. Anderson Cooper's net worth is over $310 Million (After Vanderbilt Inheritance). 82,432, This story has been shared 28,552 times. The properties were good enough to rival mansions built since the Middle Ages. Then he came to TV late and worked his way up the ladder, which starts at an intern-level salary. Gloria apparently tracked him down in Massachusetts, but even that reference is now pushing 35years old. 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. "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. In that event, Gloria might not have needed to disinherit Cooper at all. She sued her lawyer and psychiatrist in 1993 for stealing millions of dollars and selling off her business interests without her permission. "If he is capable, he can make his own money," Chan said during an awards ceremony in Beijing, China in 2011. Brooks is an Entrepreneur, Sponge, Father, Husband, & Follower of the Golden Rule. Our mission at STYLECASTER is to bring style to the people, and we only feature products we think youll love as much as we do. Terms of Use Its too early to tell what his financial philosophy as a parent will be. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); When heiress Gloria Vanderbilt died and left almost everything in her will to her youngest son, Anderson Cooper, there were suggestions that he could inherit up to $200 million. He recently launched a project to share more about their story of how they came into power and fell from it. Anderson Cooper's net worth is approximately $200 million that mostly comes from journalism. Anderson Cooper is raking in $11 million a year from CNN and routinely donates book and appearance fees to charity. She spent the Vanderbilts riches on building a mansion, the largest in New York, on being accepted by the crowd. It's true that CNN's persona was created thanks to her rich and famous parents (her mother was a fashion iconGloria Vanderbilt Father was a writer and actorWyatt Cooper), but his fortune grew significantly when he set up his own business and made a name f. Here's why. ", As a trustee and investment advisor, Radway says many of her clients want to provide a safety net for their children, withoutmaking them "dependent on money left in the trust.". No trust fund for the TV news icon raises inevitable responses that he's successful now and doesn't need the money. In the meantime, the IRS seized and liquidated her assets to pay a $2.5 million tax bill. Prominent NYC lawyer Herbert E. Nass told Page Six, It is noteworthy that Gloria didnt leave hardly anything to Anderson, when it was assumed he would get most of her estate. Currently, the anchor of the CNN show Anderson Cooper 360 makes . . News anchor Anderson Cooper has a net worth of $200 million, according to Celebrity Net Worth. The first house on Fifth Avenue stood in 1882 but fell in 1914. It is unbelievable to think that the Vanderbilt familys fortune turned into stones because of social acceptance. Cooper became a first-time father on April 27, 2020, when Wyatt Morgan Cooper was born via surrogate. Leaving that augmented fortune to charity would be in line with Buffetts creed as well as Coopers own view of the Vanderbilt family as believing in working. But again, in the absence of known philanthropic passions, what organizations end up with the money, and why isnt she lending them her celebrity now? Anderson Cooper is getting a gift he didn't expect: the bulk of the estate of his mother, Gloria Vanderbilt. She trusted too freely, too completely, and suffered tremendous losses, Cooper said of his mother. Alva wanted to use the house as a key to enter the wealthy society. When Vanderbilt passed away on June 17, 2019, it was . If youre looking for money-making ideas, youll find them here. In his book, Vanderbilt: The Rise and Fall of an American Dynasty It didnt matter that The Commodore has left an enormous fortune for his family. I think it's an initiative sucker. Instead, she said, "I'm going to give mine to my charity. Another probable reason is that he left a large part of his wealth to only one of his children. Cooper certainly wasnt expecting a windfall. Like Anderson Cooper, her advocacy is a lot more diffuse, so its anybodys guess what charity or charities she would favor in her estate plan. More info in the privacy policy. This wealth is from his journalism career from 1992. But she always pressed on, always worked hard, always believed the best was yet to come. All my kids know that and they rarely ask me for anything, which I really respect and appreciate.". "I don't believe in inheriting money. In 2014, the Police frontman said he's raised his six children to "have the work ethic that makes them want to succeed on their own merit. He came to realize that he had a house, horse, and pictures, but the moderately well-off people also have them. William Vanderbilt said these words when he was still the richest man in the world. Just choose a video, watch it completely, and ask away in the comments. According to the New York Post, Cooper just inherited the majority her estate, a sum which totals less than $1.5 million. Here Hayden Panettieres Brother Jansen Died From An Enlarged As the son of railroad heiress Gloria Vanderbilt, youd think Anderson Coopers net worth would be bloated with millions upon millions in inheritance. Her son, news anchor and reporter Anderson Cooper, kept her legacy alive with touching tributes. "Thats not healthy. We can directly blame the grandchildren for wasting their fortune on vacated estates they built, but it all comes down to The Commodore. 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