Liz Hurley’s son Damian loses out on up to $250M after being cut out of family trust
Liz Hurley’s lookalike 19-year-old son, Damian, has been cut out of his late father’s multi-million dollar trust by his grandfather.
Dr. Peter Bing, Damian’s grandfather and the father of Steve
Bing, cut both Damian and his older half-sister Kira Bonder out of the family
fortune because they were both born out of wedlock, according to a news report.
Steven Bing died by suicide last summer.
Damian’s share of the family trust could have been $250
million, Hurley told the Daily Mail Friday.
Instead, the fortune will be divided between the two
children of Steve’s sister Mary, whose kids were not born out of wedlock.
Troubled Steve Bing, who inherited about $600 million from
his family when he turned 18, initially was ruthless about his two illegitimate
children with Hurley and Lisa Kerkorian, the mother of Kira, 23.
Peter Bing, now 90, even wrote a will while Hurley was
pregnant with Damian, disinheriting the baby.
But Hurley told the Daily Mail that Bing, who had little to
no relationship with either Damian or Kira while they were growing up, tried to
make things right before his June 2020 suicide.
In March 2019, Peter Bing went to court to cut Damian and
Kira out of a “grandchildren trust” he had established years earlier. Hurley
and Kira’s mother, with help from Steve Bing, fought the action and won,
temporarily. But Peter Bing appealed and his move to disinherit the two
children was successful.
“When Stephen took his own life, he died thinking his
children were going to be taken care of,” Hurley said in a statement. “What
Stephen wanted has now been callously reversed. I know Stephen would have been
devastated.”
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