When the socialite, heiress and fashion icon Gloria Vanderbilt died this week, she had about 290 million dollars ($ 305.4 million) in her name.
But his three surviving children – including CNN's anchor Anderson Cooper – should not inherit anything from this vast wealth.
In fact, Cooper knows he would not have inherited anything from his mother for many years and has already spoken publicly about the family's financial arrangements.
"My mother made it clear to me that there is no trust fund," he told Howard Stern during a radio interview reported by Business Insider several years ago.
"There is none of that."
However, it seems that Cooper is more than satisfied not to have a massive legacy.
"I do not believe in inheriting money," he told Stern.
"I think he's a sucker for initiative. I think it's a curse.
"From the moment I grew up, I felt that there was some pot of gold waiting for me, I do not know if I would have been so motivated.
"I'm fine alone, I do not need any."
He went on to say that many people who have inherited great fortunes have struggled to make their mark on the world, although he has observed that his mother – who forged her own successful career after inheriting millions – was an exception to the rule.
Cooper said his mother ended up earning more money than she inherited, and her family "believe in working."
Vanderbilt talked about his difficult relationship with his heritage in 1985.
"I'm not stealing inherited money," she told The New York Times.
"But the money I made has a reality for me that the money inherited does not have.
"As Billie Holiday's song says," Mom can have it and Dad can have it, but God bless the child who has his own. "
At the time of her death, Vanderbilt had an estimated net worth of $ 290 million, though she had already spent a great fortune and donated to charity.
It is not known whether his other surviving children of his second marriage will inherit his wealth.
Anderson Cooper paid tribute to his mother in a statement released after his death, which followed a short battle against stomach cancer.
"Gloria Vanderbilt was an extraordinary woman who loved life and lived on her own terms. She was a painter, writer and designer, but also a remarkable mother, wife and friend," he wrote.
"She was 95, but ask someone close to her, and they would tell you that she was the youngest person they knew, the coolest and most modern."
Who was Gloria Vanderbilt?
Vanderbilt was born the grandfather of railroad tycoon and shipping Cornelius Vanderbilt, who was once the richest man in the United States.
His father Reginald Vanderbilt was the heir of this fortune, and when he died when Vanderbilt was only 18 months old, she immediately inherited millions through a trust fund.
When she was a child, she was caught in an infamous custody battle between her mother and her aunt, which led her to be nicknamed "poor rich girl" in the press.
Eventually, the court ruled that Vanderbilt should be raised by his aunt.
As an adult, she became an actor, author, artist, and socialite and supposedly inspired the character of Breakfast at Tiffany Holly Golightly, who was played by Audrey Hepburn on the big screen.
Vanderbilt's marriage to her first husband, Pat DiCicco, ended in divorce, and in 1945 she married her second husband, Leopold Stokowski.
They had two children together – Christopher and Leopold Stanislaus Stokowski – before divorcing in 1955.
Husband number three was Sidney Lumet, followed by author Wyatt Emory Cooper in 1963.
They had two children, Carter Vanderbilt Cooper and Anderson Hays Cooper.
Carter Vanderbilt Cooper died of suicide at age 23.
Vanderbilt also had a successful fashion business, launching a line of designer jeans in the 1970s and eventually other products such as accessories, home appliances and shoes.
His jeans business turned into an empire that earned $ 145 million a year.