The CNN host spoke to Howard Stern on Stern's radio program Monday, and Cooper said his lack of inheritance is something he acknowledges and even embraces.
"My mom's made clear to me that there's no trust fund," he told Stern. "There's none of that."
"I don't believe in inheriting money," Cooper continued. "I think it's an initiative sucker. I think it's a curse."
"Who's inherited money that has gone on to do things in their own life?" he asked. "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."
The news host went on to say that his mother is the "coolest person" he knows.
The 90-year-old Gloria Vanderbilt is reportedly worth $200 million. She herself inherited millions of dollars from her father Reginald Vanderbilt, but went on to make her own fortune in the fashion design industry.
[The Howard Stern Show]