Elizabeth Hurley's 19-Year-Old Son Damian Loses $250 Million After Getting Cut Out Of Bing Family Trust
July 4 2021, Published 1:55 p.m. ET
If Damian Hurley is not somewhere burning down buildings, it'd be a miracle.
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 last June.
Because he fought demons including addiction and depression, he 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 tragic death.
She said she feels betrayed not only by her son's financial depravation, but also because he has been disowned by his own blood relatives.
"When Stephen took his own life, he died thinking his children were going to be taken care of," she said. "What Stephen wanted has now been callously reversed. I know Stephen would have been devastated."
Kira's mother, Lisa Kerkorian, is just as irate.
"As a mum, I wonder why on earth this had to happen," she said. "Why make two innocent kids into victims?"
Peter, now 90, has been adamant about who s