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Aug 26, 2019 · It’s a question that came up in a recent dispute over an inheritance. Back in 1980, multi-billionaire Peter Bing set up a Trust to benefit his future grandchildren. Now, the trustee for the estate wants to disinherit two of them because they were born out of wedlock — Damian Hurley, son of businessman Steve Bing and actress Liz Hurley, and ...
Earlier this week, Kira, 23, lost her court appeal for the US$451 million (NZ$645m) owed to her in the will of her late father, multi-millionaire US businessman Steve Bing.
- Alex Turner-Cohen
- E.W. Scripps Fights For Taxes on The Rich, Then Regrets It
- A Foe of Taxes on The Rich Takes Power
- The Tax Payments of The Rich Become Public
- Fdr and Congress Expose Tax Tricks of The Rich
- A Mellon Heir Uses His Trust Fund For Anti-Tax Causes
- Dynasties Try to Kill The Estate Tax For Good
- The Rich Win Again
That millionaire was E.W. Scripps. A man of contradictions, he preached radicalism and expressed sympathy for the labor insurgents who bombed the Los Angeles Times building and killed 21 people. He then spent much of his last decade sailing the world on his 172-foot yacht or puffing cigars at Miramar, his sprawling ranchoutside of San Diego modeled...
On Inauguration morning in March of 1921, the new treasury secretary arrived in Washington aboard a private rail car. With a bearing the San Francisco Examiner called “so shy that (it) is almost shrinking,” Andrew Mellon lacked the swagger of one of the most powerful businessmen in the world. At 65, Mellon was the oldest cabinet member of the Hardi...
In late October of 1924 America’s richest and most powerful men woke to see their income tax payments splashed across the front pages of newspapers, just as E.W. Scripps had envisioned years earlier. “The lid is off income tax secrets,” The Boston Globe declared. Over Mellon’s objections, Congress had passed a gift tax and the so-called publicity a...
In November 1932, Franklin D. Roosevelt defeated Herbert Hoover in a landslide. No longer did the country view Mellon as Cousin Andrew guarding the gates of gold. By then, more than 3,500 banks had failed. The unemployment rate would soon reach 25%. People who lost their homes moved to “Hoovervilles,” shacks made from scrap wood and metal. The Grea...
Andrew Mellon had been dead for nearly 40 years, but one of his chief antagonists would not let America forget about the power his family fortune still wielded at the expense of taxpayers. In the House throughout the 1960s, Rep. Wright Patman, the Texas Democrat who had tried to impeach Mellon, hammered away at how the superrich were using private ...
The day after he signed historic tax-cut legislation in June 2001, President George W. Bush stood on a makeshift stage surrounded by hay bales and American flags on a century-old family farm in central Iowa. With a shiny green John Deere combine behind him and a vintage corn silo in the distance, the 1,300 acre setting was the perfect mix of modern...
Though he loathed taxes, Thomas Mellon, the progenitor of the Mellon fortune, made an unintentional case for the estate tax when he worried about the corrupting influence of inherited wealth. “Where a family has enjoyed their career of wealth and prosperity for a generation or so,” he wrote in his autobiography, “we may expect ‘degenerate sons.’” T...
Jul 20, 2019 · Elizabeth Hurley and American businessman Steve Bing's 17-year-old model son, Damian Hurley, has won a major victory in his legal battle against his grandfather, multi-millionaire Dr Peter Bing, over his inheritance.
Jun 11, 2024 · They think if you don’t come from a wealthy family, your chances of reaching millionaire status are slim. But is that fact or fiction? The National Study of Millionaires — which is the largest study ever done on millionaires—uncovered the truth about how these men and women built their wealth.
Sep 27, 2024 · George Appling is a multimillionaire who doesn't plan to leave his kids a cash inheritance. He says he's establishing a trust for business loans.
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Mar 25, 2020 · The self-made multi-millionaire media mogul has insisted he will not set Eric up for life with a hefty inheritance. Instead he will leave it to; ‘A charity, probably - kids and dogs. I don't believe in passing on from one generation to another.’
