A Legacy of Billionaires – What Will Become of their Money?
Such an uncommon occurrence to have more than a handful of Billionaires die within one year let alone 26 of them. The most influential people, are the ones who leave behind incredible legacies, will live on in the hearts of the people they touch.
by Susan Price, TLB Contributing Writer
The world is a stage and during the year of 2017 to 2018, there has been a rare epidemic, a revolution of transfer of power from one family dynasty to another among the wealthy money moguls. The world is changing, there is a new order being established by the universe and on a personal level. They ramifications of the political, military, corporate, financial, and other clandestine arrangements are now coming to pass. Many of these millionaires and billionaires are deeply connected to the global networks.
The only thing you take with you when you’re gone is what you leave behind. ~ John Allston
One thing is for sure in this life time, death and taxes! These billionaires have left fortunes to their legacies to last many lifetimes. Many of these inventors and creators have simply outlived their years during this earthy path and have entrusted their families businesses to their children and children’s children.
Such an uncommon occurrence to have more than a handful of Billionaires die within one year let alone 26 of them. Most of them died a natural death, one or two died suddenly and a couple died of homicides.
The most influential people, are the ones who leave behind incredible legacies, will live on in the hearts of the people they touch. Physically, they will no longer be a part of society yet their principles, philosophies and achievements will become immortal, spreading from generation to generation.
With a combined net worth of $120.4 billion–who died in the past year. The list, here, includes the world’s former wealthiest woman, L’Oréal heir Liliane Bettencourt, and 2017’s oldest billionaire, David Rockefeller, a major philanthropist and the former chief of Chase National Bank. He was 101 when he died.
We all have a story ingrained into our existence, some of us discover it at a young age and some of us not at all. Everyone is special with a unique set of gifts to get us through this souls journey…looking at the billionaires who mass exited during the year of 2017 to 2018, let’s take a closer look at who they are and what they’ve accomplished.
Their diverse ethnic backgrounds stemming from American, Canadian, German, French, Scottish, Finish, Malaysian, Filipino, Portuguese and Chinese lineages.
These Billionaires represent the dynasties and brain children of the industrial revolution on an international scale of every product and service created, many fostering umbrella companies involving the arenas of Corporate America in Banking, Real Estate, Project Developers, Infrastructure, Share Holders, Science and Technology, Bio Medical, Cancer Research,Big Pharma and Generic Drugs, Dept of Public Works, Media Communications Industries and Partnerships with Time Warner Cable, Philanthropists, Cargo and Transportation, Beauty Industry, Department Stores, Automotive Manufacturing, Tires, Politics, Major Food Corporations, and Meat Processing Companies to over 120 Countries, Cryopreservation-(the preserving of rare semen and embryos from rare livestock) and more.
Who were these Billionaires who passed on from this earthy passage during the year of 2017 to 2018, and what legacy do they leave behind?
Peter Alfond (May 17, 1952-July 10, 2017) was an American Millionaire, Investor and Philanthropist. Died of complications from Malaria, which he contracted on a trip to Africa, he was 65 years old. Net Worth: $1.4billion. Source of Wealth: Shoes.
Americo Ferreira Amorim (July 21, 1934-July 13, 2017) dead at age 82. Amorim was a Portuguese Industrialist and businessman. He owned a 50% interest in Corticeira Amorim, founded by his grandfather in 1870, and the world’s largest producer of cork, with $650 million in sales. He also had interests in finance and energy. Net Worth: $4.4billion.
Belmiro Mendes de Azevedo (Feb 17, 1938- Nov 29, 2017) dead at age 79. He was a Portuguese Entrepreneur, Known as the 2nd richest in Portugal, with an estimated weatlh of $2 billion. He owned a controlling stake in Sonae SGPS, one of the largest business groups in Portugal, which also operates in Spain, Greece, Germany, Italy, Turkey and Brazil.
Liliane Henriette Charlotee Bettencourt ( October 21, 1922- September 21, 2017) dead 94, she was a French heiress, socialite and businesswoman. The richest woman in the world (and the 14th richest person) with a net worth of US $44.3 billion, according to the 2017 version of The World’s Billionaires. L’Oreal Beauty.
Sir John Arnold Clark ( Nov 27, 1927- April 10, 2017) dead at age 89, he lived in the U.K and was a Scottish billionaire businessman. Clark opened a showroom in Glasgow in 1954 and found some success selling cars. Hhe expanded his business and Arnold Clark Automobiles became a nationwide chain of motor dealerships and the largest privately owned business in Scotland. Net Worth: $1.1billion.
David M Consunji (Oct 18, 1921-Sept 4, 2017) dead at age 95, he was a Filipino businessman and the chairman of a publicly listed holding firm, DMCI Holdings, Incorporated (PSE: DMC). He was a former secretary of the Department of Public Works, Transportation and Communications from 1970 to 1975, during the Marcos administration. In 2014, Forbes listed him as the 6th richest Filipino, with a net worth of US $3.9 billion. Source of Wealth: Construction.
Sanford Diller (June 4, 1928- Feb 2, 2018) dead at age 89, natural causes, he was an American billionaire and founder of Prometheus Real Estate Group. Net Worth $1.7 billion.
Desh Bandhu Ggupta (Feb 8, 1938- June 26, 2017) dead at 79. He was an Indian Billionaire businessman, the founder and chairman of Lupin Limited, a multinational pharmaceutical company. Net Worth: $4.7 billion.
Bruce Thomas Halle (May 27, 1930-Jan 4, 2018) dead at age 87, he was an American billionaire businessman, and the founder and chairman of Discount Tire. He was the wealthiest person in Arizona, with an estimated Net Worth of $6.5 billion.
Dorrance “Dodo” Hill Hamilton (Aug 16, 1928-Apr 18, 2017) dead at 88, she was an American heiress of the Campbell Soup fortune and philanthropist who founded the SVF Foundation in Newport, Rhode Island. Net Worth: 1.3 billion.
Niklas Herlin (Nov 18, 1963 to Oct 10, 2017) dead at 53. Suddenly. Kirkkonummi, Finland, enables smarter cargo flow for a better everyday with it’s leading cargo handling solutions and services. Cargotec’s business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads they optimise global cargo flows and create sustainable customer value. Cargotec’s sales in 2016 totalled approximately EUR 1.4 billion and it employs over 11,000 people. www.cargotec.com Source of Wealth: Elevators, Escalators
Henry Lea Hillman ( Dec 25, 1918-Apr 14, 2017) dead at 98, he was an American billionaire businessman, investor, civic leader and philanthropist. He was chairman of the Hillman Company, a family office and investment company headquartered in Pittsburgh, Pennsylvania, and owned by the Hillman family. He chaired the board of trustees of Hillman Family Foundations, which manages 18 named foundations. Henry Hillman owns, controls or otherwise influences enough other companies to make most conglomerators green with envy. He is a director of no less than ten major companies. Net Worth: 2.6 billion Wealth Investments.
Jon Meade Huntsman Sr. (June 21, 1937-Feb 2, 2018) dead at 80. He was an American businessman and philanthropist. He was the founder and executive chairman of Huntsman Corporation, a global manufacturer and marketer of specialty chemicals. Huntsman plastics are used in a wide variety of familiar objects, including (formerly) McDonald’s clamshell burger containers. Huntsman Corporation also manufactures a wide variety of organic and inorganic chemicals that include polyurethanes, textiles, and pigments. Huntsman’s philanthropic giving exceeds $1.5 billion, focusing on areas of cancer research, programs at various universities and aid to Armenia. Source of wealth: Chemicals.
Erich Kellerhals (Nov 8, 1939- Dec 25, 2017) dead at age 78, he was a German billionaire, co-founder of Media-Saturn-Holding GmbH, owner of Media Markt, Net Worth: $1.8 billion. Source of Wealth: Electronics Retail.
Karl-Heinz Kipp ( Feb 12, 1924-Oct 11, 2017) dead at age 93. German billionaire, founder of the Massa department store chain. He sold the business but kept the property, and had a large property portfolio. In 2017, estimated wealth at $4.9 billion. Source of Wealth: Retail.
Lu Guanqiu (Jan 1945- Oct 25, 2017) dead at age 72, He was a Chinese billionaire entrepreneur, and the founder of Wanxiang Group. He was the 18th richest person in China according to the Hurun Report China Rich List 2013, the 286th richest person in the world, and reportedly the richest person in Zhejiang Province. He was a delegate to the Chinese National People’s Congress. Net Worth: $5.7 billion. Source of Wealth: Diversified
Siegfried Meister (Oct 17, 1938-July 28, 2017) dead at age 78, he was a German billionaire businessman, founder and 63% owner of Rational AG.Source of Wealth: Appliances, Net Worth: $3.8 billion.
Samuel Irving Newhouse Sr. (November 8, 1927 – October 1, 2017) was an American heir to a substantial magazine and media business. Together with his brother Donald, he owned Advance Publications, founded by their late father in 1922, whose properties include Condé Nast (publisher of such magazines as Vogue, Vanity Fair, The New Yorker, etc.), dozens of newspapers across the United States (including The Star-Ledger, The Plain Dealer, The Oregonian, etc.), former cable company Bright House Networks, and a controlling stake in Discovery Communication
Neal L. Patterson (December 10, 1949-July 9, 2017) dead at age 67, he was an American businessman, best known as being the CEO of Cerner Corporation, a Kansas City based medical software corporation. He was also a principal owner of the Sporting Kansas City Soccer Team. Net Worth $1.5billion. Source of Wealth: Health Care IT
Andrew Jerrold Perenchio (Dec 20, 1930- May 23, 2017) dead at 86, he was an American billionaire businessman and philanthropist. He was at one time the chairman and chief executive officer of Univision. Source of Wealth: Spanish-Language Television, Net Worth: $2.3 billion.
Leandro P. “Lee” Rizzuto (Apr 10, 1938- Dec 3, 2017) dead at age 79, he was an American billionaire businessman and the chairman and co founder of Conair Corporation, which was almost 100% owned by him. Source of Wealth: Consumer Products, Net Worth $4.5 billion.
David Rockerfeller Sr. ( June 12, 1915- March 20, 2017) dead at age 101, he was an American banker who was chairman and chief executive of Chase Manhattan Corporation. He was the oldest living member of the Rockerfeller family and family patriarch from Aug 2004 until his death in March 2017. He was noted for his wide ranging political connections and foreign travel in which he met with a range of foreign leaders. His fortune was estimated at $3.3 billion. Source of Wealth: Real Estate, Investments.
Bernard Charles “Barry” Sherman & Wife Honey Sherman (Feb 25, 1942-Dec 15, 2017) dead at age 75, he was a Canadian businessman and philanthropist who was chairman and CEO of Apotex Inc. With an estimated net worth of $3.2 billion at the time of his death. Another publication, Canadian Business, stated his fortune at $4.77 billion (CAD) ranking him the 15th richest in Canada. Sherman and his wife were murdered in their home by unknown assailants according to Toronto Police who are still investigating the case. Source of Wealth: Pharmaceuticals.
Joan Tisch (July 14, 1927-Nov 2, 2017) dead at age 90, she was an American philanthropist. Graduate of the University of Michigan, and billionaire heir to the Tisch family fortune (through the Loews Corporation, which remains under family control) Net Worth: 3.8billion Source of Wealth: Insurance, N.Y. Giants.
Gian Marco Moratti dead at 81 (Feb 26, 218) Italian Oil billionaire. Net Worth: $2.1billion Source of Wealth: Construction, Real Estate, Power.
What legacy will you be known for when you leave this earth?
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