Liz Hurleys son Damian loses out on up to $250M after being cut out of family trust

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Liz Hurley’s lookalike 19-year-old son, Damian, has been cut out of his late father’s multi-million dollar trust by his grandfather.

Dr. Peter Bing, Damian’s grandfather and the father of Steve Bing, cut both Damian and his older half-sister Kira Bonder out of the family fortune because they were both born out of wedlock, according to a news report. Steven Bing died by suicide last summer.

Damian’s share of the family trust could have been $250 million, Hurley told the Daily Mail Friday.

Instead, the fortune will be divided between the two children of Steve’s sister Mary, whose kids were not born out of wedlock.

Troubled Steve Bing, who inherited about $600 million from his family when he turned 18, initially was ruthless about his two illegitimate children with Hurley and Lisa Kerkorian, the mother of Kira, 23.

Peter Bing, now 90, even wrote a will while Hurley was pregnant with Damian, disinheriting the baby.

But Hurley told the Daily Mail that Bing, who had little to no relationship with either Damian or Kira while they were growing up, tried to make things right before his June 2020 suicide.

In March 2019, Peter Bing went to court to cut Damian and Kira out of a “grandchildren trust” he had established years earlier. Hurley and Kira’s mother, with help from Steve Bing, fought the action and won, temporarily. But Peter Bing appealed and his move to disinherit the two children was successful.

“When Stephen took his own life, he died thinking his children were going to be taken care of,” Hurley said in a statement. “What Stephen wanted has now been callously reversed. I know Stephen would have been devastated.”

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