Sting says he's not going to pass on his fortune - valued at over $300 million - to his kids.

Instead he said he plans on using the money:
"I told [my children] there won't be much money left because we are spending it! We have a lot of commitments. What comes in we spend, and there isn't much left."

"I certainly don't want to leave them trust funds that are albatrosses round their necks. They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate."

"Obviously, if they were in trouble I would help them, but I've never really had to do that. They have this work ethic that makes them want to succeed on their own merit.

People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot."

Sting has six kids aged between 18 and 37. None of them commented on the announcement.