Anderson Cooper has previously said that inheriting money is 'a curse'
CNN T, +0.41% anchor Anderson Cooper is reportedly due to receive almost all of his late mother’s estate, according to documents filed Monday in Manhattan. The estate of the late socialite, heiress and businesswoman Gloria Vanderbilt, who died on June 17 at the age of 95, is worth approximately $200 million, according to some estimates. Cooper’s half-brother Chris Stokowski will receive their mother’s co-op at 30 Beekman Place in Manhattan.
Don’t miss: How to help your kids earn their inheritance, just like Gloria Vanderbilt did with Anderson Cooper By 2030, $15.4 trillion of global wealth will be transferred by individuals with a net worth of $5 million or more. An estimated 18,500 individuals in the U.S. with a net worth of $100 million or more will be transferring a majority of that $8 trillion. “More so than their elders, the inheritors of this wealth maintain a more global outlook, seeking not only to preserve this wealth but also to find meaning in the way they use and manage it,” the report added.
One in three Americans say their financial stability is dependent on receiving an inheritance. “We’ve never seen such a strong reliance on receiving an inheritance,” said Aron Levine, head of Merrill Edge. The 1,000 respondents in the Merrill Edge survey said they were most likely to describe the stock market as “volatile” , although it doesn’t appear to be deterring them from investing.
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