That Is One Rich Bitch
Leona Helmsely, the Queen of Mean, passed away on August 20 at the age of 87. Helmsely is most famous for her quote, “Only the little people pay taxes.” She served 18 months in federal prison for tax evasion in 1989. Her 14-page will was made public on Tuesday and it looks like the big winner was her dog.
Trouble, Helmsley’s tiny white Maltese, will be cared for from a $12 million trust. No doubt about it, that is one rich bitch! Helmsley’s brother, Alvin Rosenthal, will get $10 million and will take care of Trouble until she dies, at which time she will be buried beside Helmsley and her husband, Harry Helmsley, in a five-star mausoleum that will be maintained with a $3 million perpetual-care trust.
The other big winners, David and Walter Panzirer, sons of her late son, Jay Panzirer, will get $5 million each but only if they visit their father’s grave once a year. To ensure that they meet their annual requirement, Helmsley ordered a guest book installed inside the family mausoleum. Helmsely’s chauffeur will receive $100,000.
The biggest losers: “I have not made any provisions in this will for my grandson Craig Panzirer or my granddaughter Meegan Panzirer for reasons which are known to them.”
Queen of Mean to the very end.
- Posted in Investing, Ramblings
- 51 comments what's your take?
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Interesting news item on this blog! I have seen this on the news yesterday. Good Stuff! Btw, John, I have seen you on my blog several times, leave a comment sometimes!
Reply to this commentBy the way, didn’t realize that I was the first one! Thats like the second time!
Reply to this commentI saw this on the news last night, and had heard that she left NOTHING to her grandkids… but 12 Million to her lame little dropkick dog.
That really sucks! I guess they should have visited grandma more often!
Reply to this commentOdds are her grandkids were all ready spoiled little brats to begin with.
Reply to this commentWhat, unlike the dogs you mean? She needed to get a grip on life, bit late now though.
Reply to this commentI’ve never understood rich people leaving vast sums to their pets. I can understand leaving the pet in someone’s care, but leaving a dog 12 million dollars seems a little off.
The worst part is that it’s a Maltese. Those things are the rats of the dog world.
Reply to this commentHaha I was thinking the same thing… I call them “dropkick dogs”… for obvious reasons. *=)
Stupid old woman…
Reply to this comment“A little off”?????? How about a lot off!
Reply to this commentShe probally was going to give it to her two grandsons until they pissed her off and what better way to get someone back then to give your dog more money in a will than you.
Reply to this commentThat ranks up there with Paris Hilton giving her dog $55 bottles of water, right? Crazy rich people. GIVE ME YOUR MONEY! Hah.
Reply to this commentWhen I first read this in the news I couldn’t believe it. I didn’t know Grandma’s were allowed to be mean, even if they were filthy rich. Those poor grandchildren, I wonder what the secret reason is?
Reply to this comment$12 million to a dog? That’s a lot of milk bones!
Reply to this commentMakes me wonder if the grandkids were really that mean or if she just didn’t like them?
Reply to this commentWell probably they were not playing with her as much as her dog
Reply to this commentGrandma’s should not be mean! What a great lasting memory those kids are going to have of their Grandma. Maybe the dog will leave the money to those kids in his will!
Reply to this commentI wonder when the dog will die, who will get the money?
Reply to this commentWasn’t just me who was thinking that
Reply to this commentRich people are nuts…
Reply to this commentThat dog is pimping.
Reply to this commentI don’t think folks like her live a very happy or content life. Too bad.
Reply to this commentI wonder what the grandkids did to piss her off so much that she left them with nothing? At least they should have faked it to the end.
Reply to this comment-Raymond (MONEY BLUE BOOK)
There MUST be a reason for it. I’m thinking something like inheritance tax evasion (can dog’s pay taxes?).
But nothing to the grandkids, that’s evil that leaves John looking positively angelic
Reply to this commentThe sad thing is that everyone is overlooking that she donated several BILLION to charities. The dog and family members got a tiny fraction of the money she gave away upon her death.
Reply to this commentthe world’s richest dog hahaha
Reply to this commentAs mean as it sounds, its probably a good thing the grandkids didn’t get anything. I can’t stand when parents or grandparents leave people a crapload of money… 99% of the time, the recipient doesn’t deserve that kind of money, they didnt do anything to earn it…
Reply to this commentHey JC. I’m interested in putting you in the movie.
Reply to this commentI just downloaded your EBOOK
I just want to say Wow! that is the best book in the subject I found. I am distributing it to all my fellow bloggers.
Thank you!
Reply to this commentI’m lost… never even heard of this person!
Reply to this commentHave you heard about the dog though?!?
Reply to this commentohh..i read this…lucky dog….and 2/4 of her grandson wasn’t on her will…haha
Reply to this commentDoes anyone have the dog’s phone number?
Reply to this commentApparantely he’s set up a premium rate line to cash in on his new found fame.
Reply to this commentI can remember reading pets that received a lot more than that in the past, hehe.
Reply to this commentShe is not stupid. She was just surrounded by mean people so the best revenge she can do is to leave all her money to the dog.
Reply to this commentShe could have done like Bill Gates though.
This was sharp and funny lady… I think 12 million is a bit much for a dog needs, I think about 12 thousand would be plenty and the rest could have been donated to some charity for animals. But hey - it is her cash so she can do whatever she wanted with it.
Reply to this commentShe and Harry, her husband, made the money, let them do with it (even in the afterlife) what they will.
Reply to this commentPerhaps it will encourage her grandchildren to figure out their own way in the world.
As for the dog, I have a feeling he won’t be long for this world!
If it’s all self made then I can kind of understand it a little bit more but it’s still harsh!
You’d think she’d leave them something to tie them over. Isn’t Anita Roddick planning on doing a similar thing though and giving away her money rather than leaving it to her kids?
Reply to this commentThe two grandkids that got money were in the family business while the two that didnt get money werent so that could be the reason, in any case if my grandma left me 5 mil and my brother nothing I would definently send him at least a mil.
Reply to this commentThat’s sweet! I’d let him walk my 12 million dollar pooch!
Reply to this commentyeah and the dog has a lot of money too!
Reply to this commentYou see what I did there?
She looks to have been a pretty bitter person. Jeez. $12mill for a dog, but nothing to her grandkids.
Reply to this commentWho actually gets to look after the dog though? And what’s to stop them spending most of the cash on themselves rather than Muttly?
Reply to this commentHaving money is ok as long as you don’t love it and get stingy with it.
Reply to this comment