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5 fantastically wealthy families that have lost condition
It is difficult to imagine that a family with millions, can squander all of the state. In fact, several factors can contribute to this, regardless of whether there has been a loss of wealth quickly and unexpectedly, or the family loses his fortune slowly, over six generations. This is usually bad investments, huge debts, or disproportionate costs. We present five well-known and wealthy families who have lost their wealth.
Vanderbilt
By the time of his death in 1877 Cornelius "Commodore" Vanderbilt had a fortune in $100 million according to Forbes. He founded his shipping and railroad Empire in 1810 with $100 he got from his mother. But after six generations the company, which he founded, no longer belongs to the family. CNN journalist Anderson Cooper, his descendant in the sixth generation, recently said in a radio show: "My mother gave me to understand that there is no trust Fund". All that is left is the will to charity, including the University named Vanderbilt.
Hartford
Huntington Hartford, heir to grocery chain A&P, lost millions due to the bankrupt proceedings and carefree lifestyle. Being the grandson of the founder of the company Great Atlantic & Pacific Tea Co., Hartford received an income of $1.5 million in annual according to the New York Times. In 1940 Hartford was considered one of the richest families in the United States. After declaring bankruptcy many years later, Hartford moved to the Bahamas in 2004, where he lived until his death at the age of 97 in 2008.
Kluge
9 years after the marriage, Patricia Kluge divorced her husband John Kluge, founder of Metromedia, and received an estate of 200 acres and $1 million, according to Forbes. 20 years later, in 2011, they went bankrupt due to the fact that he invested too much money in the vineyards next to the house and took too much debt. On their initiative, Patricia has spent about $50 million, most of which she took a loan at a local Bank. Business advancement was prevented by the outbreak of the global economic crisis, and also the fact that Kluge has made some financial mistakes: it is too much and unnecessarily spent. As a result, the Patricia owed the Bank $35 million, to bring them back in time failed, and the farm became the property of the Bank. In the end, bought the estate tycoon Donald trump for $6.2 million, according to Fox News.
Dynasty Streamnovation company Bernard Stroh arrived in the U.S. from Germany in 1850 with $150 and a family recipe for beer. His sons expanded the Empire he created. To the 80-th years of XX century, the Stroh family operated the largest brewing company in the country, which was worth, according to Forbes, about $700 million Today, five generations later, the company is no more, she was the victim of a huge debt, stiff competition and missed opportunities.
Pulittserovsky publisher and magnate Joseph Pulitzer, Peter Pulitzer, had to help the husband of his ex-wife. According to the Forbes 800-acre citrus grove in Florida, which is owned by Peter and his sons were in danger, after there was an epidemic disease in plants. Tim Boberg, husband of Roxanne Pulitzer, has a mortgage on the estate in the amount of $220 thousand were guaranteed a new mortgage in the amount of $1.3 million and increased the credit limit to $400 million In the divorce papers from 1982 estimated net worth of Peter Pulitzer $25 million.
источник:vestifinance.ru
Source: /users/1077
Vanderbilt
By the time of his death in 1877 Cornelius "Commodore" Vanderbilt had a fortune in $100 million according to Forbes. He founded his shipping and railroad Empire in 1810 with $100 he got from his mother. But after six generations the company, which he founded, no longer belongs to the family. CNN journalist Anderson Cooper, his descendant in the sixth generation, recently said in a radio show: "My mother gave me to understand that there is no trust Fund". All that is left is the will to charity, including the University named Vanderbilt.
Hartford
Huntington Hartford, heir to grocery chain A&P, lost millions due to the bankrupt proceedings and carefree lifestyle. Being the grandson of the founder of the company Great Atlantic & Pacific Tea Co., Hartford received an income of $1.5 million in annual according to the New York Times. In 1940 Hartford was considered one of the richest families in the United States. After declaring bankruptcy many years later, Hartford moved to the Bahamas in 2004, where he lived until his death at the age of 97 in 2008.
Kluge
9 years after the marriage, Patricia Kluge divorced her husband John Kluge, founder of Metromedia, and received an estate of 200 acres and $1 million, according to Forbes. 20 years later, in 2011, they went bankrupt due to the fact that he invested too much money in the vineyards next to the house and took too much debt. On their initiative, Patricia has spent about $50 million, most of which she took a loan at a local Bank. Business advancement was prevented by the outbreak of the global economic crisis, and also the fact that Kluge has made some financial mistakes: it is too much and unnecessarily spent. As a result, the Patricia owed the Bank $35 million, to bring them back in time failed, and the farm became the property of the Bank. In the end, bought the estate tycoon Donald trump for $6.2 million, according to Fox News.
Dynasty Streamnovation company Bernard Stroh arrived in the U.S. from Germany in 1850 with $150 and a family recipe for beer. His sons expanded the Empire he created. To the 80-th years of XX century, the Stroh family operated the largest brewing company in the country, which was worth, according to Forbes, about $700 million Today, five generations later, the company is no more, she was the victim of a huge debt, stiff competition and missed opportunities.
Pulittserovsky publisher and magnate Joseph Pulitzer, Peter Pulitzer, had to help the husband of his ex-wife. According to the Forbes 800-acre citrus grove in Florida, which is owned by Peter and his sons were in danger, after there was an epidemic disease in plants. Tim Boberg, husband of Roxanne Pulitzer, has a mortgage on the estate in the amount of $220 thousand were guaranteed a new mortgage in the amount of $1.3 million and increased the credit limit to $400 million In the divorce papers from 1982 estimated net worth of Peter Pulitzer $25 million.
источник:vestifinance.ru
Source: /users/1077
