Kurt Cobain’s daughter Frances Bean blew through $11.2m inheritance before getting sober
Frances Bean Cobain – who turns 28 today – has admitted she went through years of living beyond her means despite inheriting millions from her famous father after he died when she was two
Kurt Cobain’s daughter Frances Bean has admitted she blew through her $11.2 million inheritance before getting sober and learning how to manage her money.
Frances Bean Cobain – who turns 28 today – is worth millions after receiving the bulk of the Nirvana star’s estate following his death in 1994.
She was just two at the time of his suicide, and the money was put into a trust for her.
Frances Bean gets an allowance of around $100,000 (£76,000) per month, but she says she was living beyond her means despite her huge income.
Speaking onRuPayl’s podcast RuPaul: What’s The Tee? last year, Frances Bean explained she didn’t sort things out until after she got sober in 2016.
She said: “The one way that I was shown how to live was to live in excess, like, live beyond your means.
“It took me stepping away from that and getting sober in order to realise that no matter how much money you think you have, it’s not permanent.”
Frances Bean, whose mum is Courtney Love, added that she’s always had a difficult relationship with her father’s money.
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She went on: “My relationship to money is different because I didn’t earn it.
“It’s almost like this big, giant loan that I’ll never get rid of.
“I have an almost foreign relationship to it or guilt because it feels like money from somebody that I’ve never met, let alone haven’t earned myself.”
Frances Bean now takes “real accountability” for her money and has scaled back her spending.
She insisted she’s tried to cut back on pointless expenses, including ordering luxury UberXX’s instead of the regular ride.
She explained: “I’d like to say that within the last two years I have taken real accountability for every single thing, talking to the people in charge of my money and having in-depth meetings as well as recognising that you don’t have to live lavishly in order to live well.
“Like, it’s not necessary to have UberXX or whatever it is every single time you are going five minutes away.
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