Liz Hurley’s son Damian cut out of father Steve Bing’s $330m will

Liz Hurley’s son Damian has broken his silence after being brutally cut out of his $330m share of father late businessman Steve Bing’s will.

Elizabeth Hurley’s son Damian has spoken out publicly for the first time since being cut of out his late father’s will, saying he’s “grateful” for his family.

Damian shared a photo of himself with mother Elizabeth and other relatives from her side of the family, hours after news emerged that he had has been cut out of his late father Steve Bing’s will following a court appeal. His share of the will had been estimated at around $330m.

“Grateful for my beautiful family, today and every day,” he captioned the photo.

Bing, a wealthy financier, died in June 2020 at the age of 55. The Los Angeles County Medical Examiner-Coroner’s Office listed Bing’s cause of death as a suicide.

Bing reportedly had trust funds set up for Damian, 19, and his daughter, Kira Kerkorian, 23, who he had with retired pro tennis player Lisa Bonder. Prior to his death, Bing won a legal battle against his own father, Peter Bing, who attempted to remove Damian and Kira from having access to the fortune, the Daily Mail reports.

RELATED: Elizabeth Hurley’s son, Damian, now unrecognisable

Actress Elizabeth Liz Hurley and her son Damian in 2018 Picture: TriStar Media / Getty Images

Peter Bing, however, appealed the decision on the basis that Damian and Kira were children born out of wedlock. According to the report, Bing’s fortune is now being split between the children belonging to his sister Mary.

Hurley’s rep did not immediately return Fox News’ request for comment. A rep for the Elizabeth Hurley Beach founder shared her discontent with the decision to the Daily Mail.

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

Damian’s share was estimated at nearly $AU330 million, the report claims. Bonder, who did not return Fox News’ request for comment, also shared a surprising reaction, telling the Daily Mail, “As a mum, I wonder why on earth this had to happen. Why make two innocent kids into victims?”

The 19-year-old son of Elizabeth Hurley posted a moving message to fans on social media about dealing with grief just a couple of weeks ago.

“A year ago today, my mother and I received some devastating news,” he began on Instagram. “I didn’t realise (sic) at the time quite how much it would affect me … We all like to show ‘perfect’ versions of our lives- for me, the idea of publicly discussing something as personal as grief is terrifying … but sometimes it’s necessary.”

RELATED: Liz Hurley, 55, flaunts incredible figure in topless snow photo

Steve Bing died in June 2020 after taking his own life. Picture: J. Shearer

Liz Hurley’s son Damian has been cut out of his late father Steve Bing’s will following a court appeal. Picture: Supplied

“The last year has been bloody hard- for everyone on the planet- and I think acknowledging that is vital. It’s not weak to struggle. In fact, to get through to the other side is immensely strong. Thank you so much for all your messages today, I love you all,” Damian concluded.

Elizabeth confirmed the death of her ex last June in an emotional tribute on social media.

“I am saddened beyond belief that my ex Steve is no longer with us,” she wrote on Instagram. “It is a terrible end. Our time together was very happy and I’m posting these pictures because although we went through some tough times, it’s the good, wonderful memories of a sweet, kind man that matter. In the past year we had become close again. We last spoke on our son’s 18th birthday. This is devastating news and I thank everyone for their lovely messages.”

Bing founded Shangri-La Entertainment, which produced and financed films such as The Polar Express starring actor Tom Hanks and 2007’s Beowulf. He also co-wrote the 2003 comedy, Kangaroo Jack.