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:
“I’m beginning to believe that Killer Illiteracy ought to rank near heart disease and cancer as one of the leading causes of death among Americans. What you don’t know can indeed hurt you, and so those who can neither read nor write lead miserable lives, like Richard Wright’s character, Bigger Thomas, born dead with no past or future.”
—Ishmael Reed (b. 1938)