Wednesday, August 11, 2010

Courtney Worried About Frances Bean and Her Cash

According to this story, Courtney Love is worried about her daughter Frances Bean Cobain and the affect her wealth could have on her.

From the story –
...Courtney Love has revealed the extent of her daughter's trust fund. According to the singer, her only child with Kurt Cobain rakes in a cool $480,000 (£304,000) a year from the late Nirvana frontman's estate, Metro reports.

"She lives in a mansion by herself. A 17-year-old getting $40,000 (£25,416) a month is outrageous to me, that's on top of them paying for the mansion. It's a lot of money for a normal person," said Love.

The Hole frontwoman also revealed her fears about the possible negative impact of the teenager's hefty bank balance. "It's enough money to kill her, if she is doing drugs," said the singer. "Enough money to be gone by the time she's 22."
Wow. That is a crap-ton of money, especially for a 17-year-old, to manage. Hopefully she will be wise enough to learn from her parent’s mistakes and not follow them down the roads of destruction, but sadly I fear that drugs are only one of the potential perils of living with the kind of cash at such a young age. I wish Frances Bean nothing but the best of luck.

Update 8:57AM – Courtney can’t seem to stay out of the news today. Headline: Courtney Love Says Her Daughter Passed on Bella's Role in 'Twilight'

No comments: