GREAT FORTUNE
LATE SIR J. ELLERMAN ESTATE OF ABOUT £37,000,000 LONDON, Nov 3. After three years’ work the executors of the late Sir Jelm Ellqrman, the shipowner, who died in July, 1933, have investigated and checked properties which bring tlie fortune lie left up to £36,684,994. The executors’ work is not finished yet. The figure made public this week as the amount at which the estate has been resworn, takes no account of Sir John’s interests in properties abroad.
When the whole estate is wound up it will probably substantially exceed £37,000,000. That means that Sir John Ellerman—Hull-born son of a German consular official—was the richest man Britain ever produced. He paid £20,000,000 in income tax and supertax during his lifetime, so that his possessions will have brought something like £38,000,000 to the British Treasury.
Actually death duties will amount in all to about £18,000,000. since the State collects half of all estates exceeding £2,000,000 Mr Chamberlain had received £12,991,259 up to March Inst year, the biggest Treasury windfall. When probate was first granted soon after Sir John’s death, the estate was pnt at £17,224,425, “as far as can at present be ascertained.” A few months later a revaluation returned the total as £25.817,786.
The extra millions accruing to Sir John Ellernian’s 27-year-old son and heir. Sir John Reeves Ellerman, will make no difference to his inherited love for the simple quiet life. The young Sir John is a member of the Church of England, and married secretly three yenr s ago Miss Father- de Sola, a beautiful Jewess. They live in a modest brick-built bouse only slightly larger than the gardeners’ lodges which stand on Charloombe Estate, about two miles from Sunningdnle, Berks. Although Sir John owns the estate, he has let Chnlcombe Mansion. He spends most of his spare time pottering about the garden. He keeps many hedgehogs and other small animals and enjoys to watch them. He regularly. and punctually, attends the Ellerman offices. Since he came into full control of the business its position has actually improved. Like ]iis father, he knows the exacT; whereabouts of every ship in the Ellerman fleet. > J l ; i
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Hokitika Guardian, 6 November 1936, Page 2
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359GREAT FORTUNE Hokitika Guardian, 6 November 1936, Page 2
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