Story by the Associated Press; curated by Zach Noble
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.
CHICAGO, IL - MAY 27: Sting attends 'The Last Ship' Pre-Broadway news conference at Cadillac Palace Theatre on May 27, 2014 in Chicago, Illinois. Timothy Hiatt/Getty Images
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.