Frances Bean Cobain, the only child of Kurt Cobain and Courtney Love, is opening up about the complicated relationship she has with money after inheriting her late father’s fortune.
The 26-year-old musician appeared on a recent episode of the RuPaul: What’s the Tee? podcast, where she revealed that she feels “guilt” over the wealth because she “didn’t earn it.”
“My relationship to money is different because I didn’t earn it. And so it’s almost like this big, giant loan that I’ll never get rid of,” Frances said. “I have an almost foreign relationship to it or guilt because it feels like money from somebody that I’ve never met, let alone earned myself.”
Kurt, who fronted the band Nirvana, died by suicide nearly 25 years ago on April 5, 1994. According to court documents related to Frances’ divorce that were obtained by PEOPLE in September 2017 and first reported by The Blast, she earns more than $95,000 a month from her late father’s publicity rights.
As a self-described “trust-fund baby,” Frances said she struggled at first to learn how to manage her money. That’s changed over the years for Frances, who got sober in 2016.
“I’d say in the last two years, I’ve taken real accountability at looking at every little thing and talking with the people in charge of my money,” she admitted on RuPaul’s podcast. “And also realizing that you don’t have to live lavishly to live well. … The one way that I was shown how to live was to…live beyond your means and live in excess. It took me stepping away from that and getting sober in order to realize that no matter how much money you think you have, it’s not permanent.”