When it comes to leaving money behind for his rightful heirs, Sting is rather stingy.
The ex-frontman for eighties super-band The Police has announced that his six children shouldn’t expect a financial windfall any time in the near or distant future.
“I told them there won’t be much money left because we are spending it,” the 62-year-old pop star told The Daily Mail’s Event magazine in a recent interview.
Sting, who was born Gordon Sumner to a working-class family in Wallsend, North Tyneside, has two children – Joseph, 37, and Kate, 32 – from his first marriage to actress Frances Tomelty and four children – Brigitte, 30, Jake, 28, Eliot, 23 and Giacomo, 18 – from his second marriage to Trudie Styler.
“People make assumptions that they were born with a silver spoon in their mouth, but they have not been given a lot,” said the singer in the interview.
According to the 2013 Sunday Times Rich List, Sting ranks as the ninth-wealthiest musician in Britain and Ireland, with an estimated personal wealth of £180 million.
Former Beatle Paul McCartney tops the list with an estimated personal worth of £680 million, followed by Andrew Lloyd Webber with £620 million.
But with great wealth comes considerable responsibility.
Since The Police disbanded in 1987, Sting has sold an estimated 100-million records as a solo artist and through his various philanthropic endeavours became a corporation unto himself: The singer has more than 100 people on the payroll, according to The Daily Mail’s Event magazine.
Beyond his ongoing efforts to save the Amazonian rainforest, Sting is also currently mounting his first stage musical, The Last Ship, which was inspired by his own blue-collar upbringing and is slated to debut on Broadway next October.
All of which means there won’t a whole lot of money left when the time comes to share with his children.
“We have a lot of commitments,” he said in the interview. “What comes in we spend, and there isn’t much left.”
To be certain, Sting is not a fan of the trust-fund concept.
“I certainly don’t want to leave them trust funds that are albatrosses round their necks. They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate,” he said.
And no doubt the kids won’t be expecting a cut from the pending sale of Sting and Trudie’s expansive nine-bedroom townhouse, which sits in the shadow of Buckingham Palace and was recently listed by London real estate agents for £15 million.
“It’s just too big,” said the singer in the Daily Mail interview. “The kids have all gone and there are just so many empty bedrooms. We’re just rattling around. But we are not leaving. I love England. I’m still English.”Report Typo/Error
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