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)
Famous quotes containing the word death:
“During these fits of absolute unconsciousness I drank, God only knows how often or how much. As a matter of course, my enemies referred the insanity to the drink rather than the drink to the insanity. I had indeed, nearly abandoned all hope of a permanent cure when I found one in the death of my wife.”
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