When heiress Gloria Vanderbilt died andleft almost everythingin her will to her youngest son, Anderson Cooper, there were suggestions that he could inherit up to $200 million.
Vanderbilt’s will states that her eldest son, Leopold “Stan” Stokowski, will get her Midtown co-op at 30 Beekman Place which is valued at $1.2 million, but “all the rest” of her estate goes to the CNN host. It wasn’t initially clear how much Cooper would receive, but it was assumed to be sizable given online reports about her net worth.
However,probate documents filed after the socialite’s death in June reveal that Cooper will actually receive less than $1.5 million — the total value of her estate at the time of her death.
So where did the money go? A descendant of railroad tycoon Cornelius Vanderbilt, Gloria was born into one of America’s wealthiest families, with a $2.5 million trust fund (equivalent to $35 million today). She worked as a model, an actress, a writer andlaunched a denim fashion empirein the 1970s that was reportedly worth $100 million. But the business faded, and she reportedly continued to spend lavishly on philanthropic and personal pursuits. She sued her lawyer and psychiatrist in 1993 for stealing millions of dollars and selling off her business interests without her permission. And she sold two of her homes in the 1990s to pay back taxes owed to the IRS.
Prominent NYC lawyer Herbert E. Nass told Page Six, “It is noteworthy that Gloria didn’t leave hardly anything to Anderson, when it was assumed he would get most of her estate. Her eldest son inherited her biggest asset, her apartment, and there does not appear to be much else left, according to the probate document.”