"My mom's made clear to me that there's no trust fund," Cooper told Howard Stern on his radio show. "There's none of that."
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Cooper's mom is the great-great-granddaughter of railroad and shipping mogul Cornelius Vanderbilt. Still stunning at 90 years old, the Manhattan socialite and former denim designer is reportedly worth a whopping $200 million.
Gloria's equally-successful son, however, told Stern he was okay with not receiving an inheritance at all. "I don't believe in inheriting money," he said. "I think it's an initiative sucker. I think it's a curse."
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Cooper explained, "Who has inherited a lot of money that has gone on to do things in their own life? From the time I was growing up, if I felt that there was some pot of gold waiting for me, I don't know that I would've been so motivated."
Today, the reputable journalist, 46, has become a household name on his own. The CNN personality, nicknamed the "Silver Fox" by fans, reportedly rakes in $11 million a year through his contact with the network.
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"I'm doing fine on my own, I don't need any [money]," he told Stern.
While Cooper had a privileged upbringing in Manhattan, the Yale grad has mentioned he was unfazed by his wealthy background -- in part, due to his father, Wyatt Emory Cooper. "I've never paid attention to it, honestly," Cooper said of the Vanderbilt family's wealth.
"My dad grew up really poor in Mississippi… I paid attention to that because I thought that's a healthier thing to pay attention to than like some statue of a great-great-great-grandfather who has no connection to my life."
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