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:
“So he with difficulty and labour hard
Moved on, with difficulty and labour he;
But he once passed, soon after when man fell,
Strange alteration! Sin and Death amain
Following his track, such was the will of Heaven,
Paved after him a broad and beaten way
Over the dark abyss, whose boiling gulf
Tamely endured a bridge of wondrous length
From hell continued reaching th’ utmost orb
Of this frail world;”
—John Milton (1608–1674)