Updated: 02/10/2017 11:28 AM | First Published: 02/10/2017 03:34 AM

Anderson Cooper won’t inherit his mother’s net worth

Anderson Cooper in a chair while Glora Vanderbilt looking at him lovingly

Anderson Cooper is worth $100 million on his own, which is half of what his mother, Gloria Vanderbilt is worth. The dashing silver fox and his actress mother belong to one of the wealthiest families in America. Vanderbilt is the heiress to railroad giant Cornelius Vanderbilt and lays claims to an estate of $200 million. But shockingly, Anderson will not be inheriting Vanderbilt’s fortune.

In a 2014 interview with Howard Stern, Anderson revealed that “there’s no trust fund.” Two years later, he elaborated on this during an interview with People. He went on to say that his parents made it clear early on his life that he wouldn’t be receiving an inheritance and would have to make it on his own. “ I obviously grew up with great privilege and was very lucky and was able to afford college and not have student loans and they would pay for college, but beyond that, it would be up to me to make a living,” said Anderson.

He continued, “I always looked at people who inherited money and they never seemed to really accomplish much on their own and it seemed to sort of change the person they were.”

It isn’t surprising that Anderson is among the richest news anchors on television. As a matter of fact, he is the highest paid anchor at CNN. The host of Anderson Cooper 360° has been working with CNN since 2001 and has covered high-profile events for the network. He has been hosting his namesake show since 2003 and earned a salary of $2 million from CNN.

In 2007, he signed a new contract with his employers, which reportedly doubled his salary to $4 million. That year, he earned a total of $5 million for his contribution. Five years later, more good fortune came his way. It has been reported that Anderson has been earning a yearly salary of $11 million since 2012. This doesn’t include the bonuses provided by the network for good performance.