"My mom's made clear to me that there's no trust fund. There's none of that," Cooper told Howard Stern Monday on his radio show.

Cooper's mother is railroad heiress-turned-successful jeans designer Gloria Vanderbilt, who, at 90 years old, is worth a reported $200 million.

But Cooper is okay with not receiving an inheritance, telling Stern, "I don't believe in inheriting money. I think it's an initiative sucker. I think it's a curse." 

The 46-year-old TV personality continues, "Who has inherited a lot of money that has gone on to do things in their own life? 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."