Anderson Cooper won't leave his fortune to his son: Why 'I don't believe in passing on huge amounts of money.' (via CNBCMakeIt)
, had previously said on Howard Stern's radio program that he believes large inheritances kill a person's drive to succeed.
Cooper is far from alone in his view on inheritances: a recent survey of American millionaires found that nearly 70% were worried about the possibility of leaving too much money for their heirs, fearing the wealth would be "used irresponsibly" or that it "would cause beneficiaries to be lazy.". "You curse a child when you de-risk their lives" by leaving them too much money, O'Leary said.
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