Sting's kids won't get trust funds from his $306 million fortune
{{#rendered}} {{/rendered}}Sting, right, and Trudie Styler arrive for the world premiere of television series "Penny Dreadful" in New York May 6, 2014. (Reuters)
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.
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!"
{{#rendered}} {{/rendered}}"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 $306 million by the Sunday Times Rich List.