Cooper's mom, fashion designer and socialite Gloria Vanderbilt, is worth twice as much as her son. At 93-years-old, the heiress is currently sitting on a fortune that totals around $200 million, but it appears as though she won't be sharing any of it with her son.
"My mom's made clear to me that there's no trust fund," Cooper once told Howard Stern during a radio interview. "There's none of that."
But before we start calling out Gloria for not sharing the wealth, it's important to note that Cooper fully supports her decision.
"I don't believe in inheriting money," Cooper explained. "I think it's an initiative sucker. I think it's a curse."
Cooper, 50, explained that not having a trust fund pushed him to pursue his goals and become successful.
"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," he added.
It's unclear who will inherit Gloria's fortune, but we're sure the savvy business woman has a very good plan in place.