Why will television star Anderson Cooper not receive the $ 305 million Gloria Vanderbilt?

At his death this week, Gloria Vanderbilt, fashion personality, heiress and icon of fashion, had about 290 million Australian dollars (305.4 million dollars) to his credit.

But his three surviving children, whose anchor CNN, Anderson Cooper, should not inherit this immense wealth.

In fact, Cooper knows that he will not inherit anything from his mother for many years and has already spoken publicly about unplanned financial arrangements from the family.

"My mother made it clear that there was no trust money," he told Howard Stern during a radio interview reported by Business. Insider several years ago.

"There is nothing of that."

However, it seems that Cooper is more than happy to do without a massive legacy.

"I do not believe in the legacy of money," he told Stern.

"I think it's a sucker of initiative, I think it's a curse.

"From the moment I grew up, if I felt that there was a pot of gold that was waiting for me, I did not know that I would have been so motivated.

"I'm fine alone, I do not need it."

He went on to say that many people who inherited large fortunes had trouble imposing themselves in the world, although he noted that his mother – who had a successful career after to have inherited millions – was an exception.

Cooper said that her mother had finally earned more money than she had inherited, and that her family "believed in work".

Vanderbilt spoke of his difficult relationship with his legacy as early as 1985.

"I do not hit the money inherited," she told The New York Times.

"But the money I 've earned is a reality for me who does not have money inherited.

"As Billie Holiday's song says," Mom can have some and Daddy can have some, but God bless the child who has his own. "

At the time of her death, Vanderbilt had an estimated net worth of A $ 290 million, although she would have already spent a large part of her fortune and donated to a charity.

It is unclear whether his other surviving sons of his second marriage will inherit his fortune.

Anderson Cooper paid tribute to his mother in a moving statement published after his death, as a result of a short battle against cancer of the stomach.

"Gloria Vanderbilt was an extraordinary woman, who loved life and lived it in her own way: she was a painter, writer and designer, but also a mother, a wife and a remarkable friend," he wrote.

"She was 95 years old, but ask anyone on her side, and they would tell you that she is the youngest person they know, the coolest and the most modern."

Who was Gloria Vanderbilt?

Vanderbilt was born in the money as the great-great-grand-daughter of the railroad tycoon and expedition, Cornelius Vanderbilt, who was once the richest man in the world. 39; America.

His father, Reginald Vanderbilt, was the heir to this fortune and, at his death, when he was only 18 months old, Vanderbilt immediately inherited millions of dollars via a trust fund.

When she was a child, she was caught in an infamous guard battle between her mother and her aunt, which led her to be dubbed "the poor little rich girl" in the press.

Eventually, the court ruled that Vanderbilt should be raised by his aunt.

In adulthood, she became an actress, author, artist and socialite and would have inspired the character of Breakfast at Tiffany, Holly Golightly, played by Audrey Hepburn on the big screen.

Vanderbilt's marriage with her first husband, Pat DiCicco, ended in divorce. In 1945, she married her second husband, Leopold Stokowski.

They had two sons together – Christopher and Leopold Stanislaus Stokowski – before being divorced in 1955.

Husband number three was Sidney Lumet, followed by author Wyatt Emory Cooper in 1963.

They had two sons, Carter Vanderbilt Cooper and Anderson Hays Cooper.

Carter Vanderbilt Cooper has committed suicide at 23 years old.

Vanderbilt also had a successful fashion business, launching a line of designer jeans in the '70s and possibly other products such as accessories, home goods and shoes.

His denim trade became an empire that brought in 145 million Australian dollars a year.