What could the kids expect to buy from the 100million dollar inheritance of their father Wellington R Burt? NOTHING!!
Wellington R Burt was the richest timber baron of saginaw, Mich. He died in 1919 with a multimillion dollar fortune - one of americas largest at the time.
He stated in his will that all of his fortune would be equally distributed to his family, with a small catch; 21 years after his grandchildren died, the money would be distributed, so his kids and even grandchildren got NOTHING!!
His children and grandchildren weren't entirely deprived. Burt gave his "favorite son" $30,000 a year but the rest of his children got allowances roughly equal to those he gave his cook and chauffeur
Why might he do this??
"I'm pretty sure he didn't like his family back then," said Christina Cameron, an heir and a great-great-great grandchild of Burt's.
It was also thought that he didn't want to spoil his kids, so he kept the money locked up until long after they were gone. So instead of giving his children his hard earned fruits of his labors, he decided to lock it up and spoil some great grandchildren he would never ha even meet. Doesn't make sense to me, but and interesting story none the less. The money has just recently been released and now the great grandchildren willrecieve about 2.5 million each. Not too shabby!
Article here: 100 million dollars
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