7 wealthy heirs who have lost everything
'24.05.2019'
Source: Vesti.Ekonomika
Many dream to get a huge inheritance and live beautifully. However, the statistics are sad: 70% of families who have fallen out of the mud to riches lose their fortune in the second generation.
Vesti.Ekonomika talks about 8 wealthy heirs who have never been able to multiply the fortune inherited.
Tori Spelling
- Inheritance: $ 1 million
Tori Spelling is an American actress, screenwriter, producer and writer, best known for her role as Donna Martin in the acclaimed youth television series Beverly Hills 90210.
Daughter of media mogul Aaron Spelling. The actress has appeared in a large number of television films, including Death of a Beauty (1994) and In the Arms of Death (1996); also appeared in several independent films: "The House Where They Say Yes" (1997) and "Trick" (1999).
In 2009, she appeared in the spin-off “90210: The New Generation”. Tori's father, Aaron, died on June 23, 2006
The heirs were Tori, her brother Randy, and their mother Candy, with whom Tori was at odds.
The actress was hoping to get a part of Aaron’s fortune, estimated at $ 500 million. Candy Spelling independently managed the inheritance section. Both Tory and Randy received only $ 800 thousand. It became known that Candy registered a trust fund of $ 10 million for her grandson Liam.
Tori has never been able to save money, and she gladly spent all the money she had. Her mother often had to help out her daughter, who was in a difficult financial situation.
It is not surprising that the inheritance very quickly evaporated. By 2014, there was no trace of him.
In 2016, her mother stated that she had to pay for housing and wasting her wasteful daughter.
In 2018, Spelling and her husband were forced to pay a tax of $ 1 million, which finally undermined their financial situation.
Clarissa Dickson Wright
- Inheritance: $ 29 million
Clarissa Dickson Wright, a popular culinary show on British television, received an inheritance of $ 3,7 million, which in terms of today's money would be $ 29 million, after her mother died in 1975.
At the time, Dickson Wright was a respected lawyer and did not need money.
However, the sudden death of a mother from a heart attack and the subsequent death of her father led to the woman becoming depressed and addicted to alcohol.
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However, she took herself in hand, retrained as a cook and was able to regain some of her fortune with the help of her cooking television show and writing career in the 1990 and 2000.
However, after her death in 2014, she had to sell part of her personal belongings in order to pay her debts.
John Harvey
- Inheritance: $ 65 million
The stepbrother of the model Lady Isabella Harvey and Lady Victoria Harvey John Harvey, the seventh Marquis of Bristol, inherited $ 6 million in 21 a year in 1975, which in terms of today's money would be about $ 65 million.
Prior to 30, he was able to increase his fortune by successfully investing in oil, real estate and agriculture.
Nevertheless, he was addicted to drugs, spent a lot of money on parties, expensive cars, yachts and other attributes of a rich life.
He later admitted that he spent $ 9 million on cocaine and heroin in less than 10 years.
Twice he was behind bars for drug related crimes. He was even deported from Australia.
By the beginning of the 1990's. Harvey went bankrupt. He was in debt, sold his estate.
He died from the failure of internal organs, which was also associated with addiction to drugs.
Maurin O'Connor
- Condition: $ 85 million
Politician Maurin O'Connor was elected to the city council of San Diego when she met her future husband, Robert O. Peterson, founder of the fast-food restaurant chain Jack in the Box. The couple married at 1977.
In 1986, Mr. O'Connor was elected mayor of San Diego. She became the first woman in this position and held out on her until 1992.
When her husband died in 1994, O'Connor inherited $ 50 million, which would be $ 85 million today.
O'Connor suffered the loss of her husband, and the death of several close friends in the early 2000s. completely crippled her.
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A woman addicted to gambling and spent a lot of money on them. In 2011, she was diagnosed with a brain tumor.
Between 2000 and 2008 she won $ 1 billion in games, but lost even more.
In 2013, Mr. O'Connor was accused of money laundering after it became clear that she had taken $ 2,1 million from an NGO founded by her late husband to cover their debts at the casino.
The court ordered her to pay all the money.
Barbara Hatton
- Inheritance: $ 972 million
Actress Barbara Hutton inherited $ 50 million by 21 in 1933. By today's money, it would be $ 972 million adjusted for inflation.
The actress had an unhappy childhood, despite the wealth.
Her mother committed suicide in 1933, and her father, who worked hard, practically did not take part in her upbringing.
Hatton was spending money on herself and her lovers, not thinking about tomorrow.
Huge amounts were spent on jewelry, including jewelry that belonged to Marie-Antoinette, art and more.
Barbara has no luck in love. She had seven husbands, including two princes, as well as numerous intrigues and novels that cost her dearly.
By the time of her death in 1979 at the age of 66, she was on the verge of bankruptcy.
Huntington Hartford II
- Legacy: $ 1,3 billion
The heir to the A&P empire, Huntington Hartforth II, grew up as a spoiled child, around whom there were always many servants ready to fulfill his every whim, and parents ready to buy him whatever he wanted.
It played a bad joke with him. At the age of 11, Hartford lost his father, who died in 1922. He became the heir to the fortune of $ 1,3 billion.
Hartford studied at Harvard, but, despite his elite education, he didn’t handle money very well.
He spent a lot of money on projects that did not bring success: from an art gallery to a modeling agency and a resort in the Bahamas, which caused losses in the amount of $ 30 million.
He was also unsuccessful in his personal life: all his marriages ended in costly divorces.
In 1992, he filed for bankruptcy and lived in a rented house with his daughter, Juliet. Hartford died in 2008
Clint Murchison Jr.
- Legacy: $ 1,4 billion
Clint Murchison Jr. became rich with a fortune of $ 200 million in 1969, when his father, who was an oil magnate, died.
In light of inflation, this amount today would be $ 1,4 billion.
Murchison Jr. liked to have fun more than to invest in some serious investments.
In 1960, he founded the Dallas Cowboys Club, which spent 20 successful seasons.
In addition, he invested in oil, real estate, restaurants and even a radio station.
Many of his investments were unsuccessful, and when there was a collapse in oil prices in the 1980-s, he was in huge debt.
Murchison suffered from a rare neurological disorder and was confined to a wheelchair. In 1985, he filed for bankruptcy, owing millions of dollars to creditors.
Two years later, he died selling all of his assets, including his beloved home, where he spent his childhood.
