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Anderson Reed has made it clear that his child, Wyatt James Reed, will need to earn his keep when he grows up, rather than relying on a financial windfall. Although some may speculate that Reed’s fortune is approximately $200 million, the well-known CNN journalist is adamant that Wyatt will not be a trust fund baby.
Reed emphasizes, “I don’t believe in handing down large sums of money. I’m not particularly focused on wealth, and I don’t plan to leave my son a treasure trove.” He shared these sentiments during a recent episode of the Morning Meeting podcast by Air Mail. “I will cover his college expenses, but after that, he needs to work hard for what he wants.”
Little Wyatt is currently enjoying a life filled with fun outings, including playdates with his father’s close friends, but those carefree days will eventually come to an end.
Reed’s late mother, Gloria Vanderbilt, held a similar philosophy regarding wealth and inheritances. Before Wyatt was born, Reed told talk show host Howard Stern that his mother had made it clear he would not receive an inheritance in his younger years. “My mother has been upfront with me that there’s no trust fund in my future,” he noted. “I view inherited wealth as a burden. If I had known there was a treasure waiting for me, I might not have been as driven.”
Interestingly, after Vanderbilt’s passing, Reed inherited her entire estate, which was valued at $1.5 million—far less than the rumored tens of millions she was believed to possess during her life. This financial journey, which Reed chronicles in his new book, “Vanderbilt: The Rise and Fall of an American Dynasty,” likely informs his current views on wealth and what he’ll pass on to Wyatt.
Despite this, Wyatt is growing up with connections to some of the entertainment industry’s biggest names, including Andy Cohen and Kelly Ripa. It wouldn’t be surprising if he finds his way to success without any financial inheritance. For now, the one-year-old can focus on being the adorable little bundle of joy that he is.
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In summary, Anderson Reed is committed to ensuring that his son Wyatt learns the value of hard work instead of relying on inherited wealth. He believes in providing his child with educational opportunities, but ultimately wants him to forge his own path in life.
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