Damian Hurley lost out on a potential fortune from his late father, but the son of actress and fashion mogul Elizabeth Hurley still has built a significant net worth of his own.The 19-year-old Hurley made news this week after he was cut out of his late father's multi-million dollar trust, costing him millions. As the New York Post reported, Damian's grandfather cut the teenager and his older sister out of the trust because both had been born out of wedlock.Cut Out Of WillAs the report noted, Dr. Peter Bing is overseeing the trust for his late son, Steven Bing, who died by suicide last year. Damian's share would have been close to $250 million, the report noted.The New York Post added that Peter Bing had long planned to cut the young Hurley out of his roughly $600 million fortune, which his son had inherited."Peter Bing, now 90, even wrote a will while Hurley was pregnant with Damian, disinheriting the baby," the report noted.Hurley Mended RelationshipElizabeth Hurley said that Bing tried to mend fences and build a relationship with his children before his death last year.After his death, the actress released a statement saying that he would have wanted his children to have been rightful heirs to his family fortune -- an action that was prevented by Stephen's father.“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.”Damian Follows In Mom's FootstepsThough he lost out on the chance at hundreds of millions of dollars, Damian Hurley has built up his own net worth by following in mom's footsteps. As The Daily Mail noted, he built up a significant following on Instagram to show off his modeling shots, taking after his mother and her huge following where she shares revealing shots and promotes her swimwear line.Damian Hurley has also taken some formal steps into the modeling world, signing a contract with the prestigious IMG Models.Hurley's Growing FortuneWhile the exact details of Damian's modeling contract have not been revealed, the Mirror noted that he is in good company in his new company. Other models working for IMG include Kate Moss, Karlie Kloss, Gisele Bündchen, and Miranda Kerr.He likely earns more from his Instagram page, taking cues from his mother and sharing a number of sponsored posts. Experts say that these posts can net thousands or tens of thousands of dollars each depending on the size of the following, giving Damian a chance to increase his net worth even more.