Du Pont's Death
When Alfred died in 1935, his estate was valued at over $56 million, which, after estate taxes of $30 million, left $26 million. Alfred's will named Jessie as the principal trustee, but in reality, she deferred business decisions to her brother, Edward, who took control of the assets of the testamentary trusts, which included large Florida landholdings and industrial interests, including the Florida East Coast Railway. Jessie preferred to handle the philanthropic activities of the trust while Edward concentrated on making money.
Read more about this topic: Edward Ball (businessman)
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