Copper Heiress Leaves Estimated $500 Million Fortune to…?

1:15 pm Uncategorized

golden eggs 150x150 Copper Heiress Leaves Estimated $500 Million Fortune to...?Huguette Clark, the 104-year-old copper heiress whose guardianship dispute we blogged about last September, died yesterday at a New York City hospital, where she lived for the past 20 years.  She has left a fortune estimated at $500 million…but to whom or what she left it remains to be seen.

Ms. Clark lived as a virtual recluse most of her life after divorcing in 1930.  Her father was U.S. Senator William A. Clark of Montana, who made his fortune in the Montana copper mines and was at one time the second richest man in America.  Among the properties she left is a $100 million 42-room apartment on Fifth Avenue in Manhattan, a 52-acre Connecticut estate on the market for $23 million and a 23-acre $100 million beachfront mansion in Santa Barbara that she has not visited since the 1950s.

The controversy over her guardianship last fall came after some of her relatives petitioned a court to appoint a guardian, concerned about what they felt was the undue influence wielded by her long-time attorney Wallace Bock and accountant, Irving Kamsler.  An investigation into the stewardship of her estate by Bock and Kamsler is the focus of an ongoing investigation by the Manhattan district attorney’s office.

Reportedly, Ms. Clark had once told friends that, “wealth is a menace to happiness.”

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