CNN News anchor Anderson Cooper, 46, comes from one of the wealthiest families in American history … the Vanderbilt’s.

However, that does not mean that he has a huge inheritance in store. Actually, Cooper revealed that his mother Gloria Vanderbilt has informed him that there was no trust fund.

“My mom’s made clear to me that there’s no trust fund,” Cooper told Howard Stern. “There’s none of that.” Vanderbilt was the recipient of a large inheritance, but Cooper said that she made most of her money working. “She made more money on her own life than she ever … inherited,” he said. “We believe in working.”

90-year-old designer Vanderbilt is reportedly worth a whopping $200 million, but doesn’t plan on leaving it to her son. Cooper claims that it doesn’t matter to him is he receives any money from her, and considers an inheritance a curse. “I don’t believe in inheriting money,” Cooper said. “I think it’s an initiative sucker. I think it’s a curse.”

Cooper has made a name for himself in the broadcast industry and is said to make $11 million per year. Known as the “Silver Fox’, Cooper said that he never expected anyone to give him anything, and that made him work hard to get to where he is now. “I’m doing fine on my own, I don’t need any [money].”

“Who has inherited a lot of money that has gone on to do things in their own life?”, he asked. “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.”

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