The 19-year-old son of British actress Elizabeth Hurley and late American businessman Steve Bing has just lost out on up to $250 million after his paternal grandfather cut him out of the multi-million dollar family trust.
Dr. Peter Bing, Steve's billionaire father, decided that both Damian and his 23-year-old half-sister, Kira Bonder, were not worthy of the massive fortune because they were both born out of wedlock.
Instead, the lump sum will be divided between Peter's daughter Mary's two children, who were born to two married parents.
Steve – who inherited about $600 million from his family when he turned 18 – died by suicide in June 2020.
Bing fought addiction and depression and had little-to-no relationship with either Damian or Kira while they were growing up. But according to Elizabeth, he tried to make things right before his death. Kira's mother, Lisa Kerkorian, is just as irate.