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Melvin Earl Dummar (August 28, 1944 – December 9, 2018) was a Utah man who gained attention when he claimed to have saved reclusive business tycoon Howard Hughes in the Nevada desert in 1967, and to have been awarded part of Hughes' vast estate.
Hughes' $2.5 billion estate was eventually split in 1983 among 22 cousins, including William Lummis, who serves as a trustee of the Howard Hughes Medical Institute. The Supreme Court of the United States ruled that Hughes Aircraft was owned by the Howard Hughes Medical Institute , which sold it to General Motors in 1985 for $5.2 billion.
William du Pont Jr., Wilmington; inherited wealth: E. I du Pont de Nemours & Co. Mrs. Frederick Guest, the former Amy Phipps, Palm Beach, Florida; inherited wealth from father Henry Phipps Jr., a Carnegie Steel executive. Howard Hughes, Los Angeles; inherited wealth: Hughes Tool Company.
A Coconut Grove, Florida estate with deep ties to American aviation legend Howard Hughes has listed for a staggering $55.5 million, The Post has learned. The property last sold in 2021 for an ...
1. J. Howard Marshall II Value of estate: $1.6 billion Amount contested: $300 million Feuding parties: wife and son J. Howard Marshall amassed a fortune of approximately $1.6 billion as an oil tycoon.
Some built upon their inherited fortune to create companies that far exceed those of their parents or spouses -- like the Koch Brothers or L'Oreal's Liliane Bettencourt -- while others, such as ...
Thomas and Mack also invested in real estate in the Las Vegas area, with Thomas acting as a buyer for Howard Hughes. [2] Later, they also lent money to Steve Wynn. [6] The bank was eventually acquired by Bank of America for about $380.5 million in 1992. [3] [4]
Howard Hughes Holdings (NYSE: HHH) stock is soaring on Monday, with shares up by 11% at 10 a.m. ET on a day when the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) are firmly ...