BANKER WHO WAS POOR.
LESS THAN 4,000,000 DOLLARS. (Received 9.30 a.m.) NEW YORK, January 1. The estate of the American banker, Otto Kahn, who died on March 29, 1934, and who at one time was reputed to' be one of the richest men in the world was disclosed at the time of his death to be only 3,970,000 dollars. It was believed never to have been less than 50,000,000 dollars. Sixty of the 200 kinds of stock held proved completelv worthless. Mr. Kahn had backed innumerable venturies, chiefly of an artistic nature and without return. He once lost a 1000-dollar bet to Grace Moore that she would not play with the Metropolitan Opera Company, New York, within two years.
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Auckland Star, Volume LXVIII, Issue 1, 2 January 1937, Page 9
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119BANKER WHO WAS POOR. Auckland Star, Volume LXVIII, Issue 1, 2 January 1937, Page 9
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