COLOSSAL FORTUNE.

Manawatu Standard, Volume LI, Issue 2, 2 December 1930, Page 8

COLOSSAL FORTUNE.

STEEL MAGNATE’S ESTATE.

Hon. Mrs F. E. Guest, wife of Captain Hon. F. E. Guest—former British Air Minister, a brother of Lord Wimbourne, and cousin of Mr Winston Churchill—will, it is expected, inherit an immense fortune under the will of her father, Mr Henry Phipps, the Ameircan multi-millionaire, whose death was recently announced. More millions will be distributed than any individual estate has ever yielded before, says the Daily Express. A preliminary estimate puts the value of the Phipps Estate at £55,000,000. , , Another heiress under the will is expected to be Mrs Guest’s sister, Helen, who married Mr J. Bradley Martin, the New York banker. _ Mr Bradley Martin is a frequestwisitor to Great Britain, and brother of the Countess Craven. The Bradley Martin-Phipps wedding, at Beaufort Castle. Beauly, Inverness, was a famous social event of 1903. Two sons of Mr Henry Phipps are as well known in London social life as in New York. Mr John S. Phipps, the eldest son, married Miss Margarita Grace, whose father, Mr Michael Grace, was born in Ireland, won a fortune in Peru, and for many years lived at Battle Abbey, Sussex. Mr John S. Phipps was married at Battle Abbey. ' Mrs John S. Phipps is a sister of the Countess Donoughmore, whose husband, Earl Donoughmore. is deputy-chairman of the House of Lords, and chairman of its committ€'Another son, Mr H. Carnegie Phipps, married Miss Gladys Mills, who has married relationships with the Cavendish-Bentincks, the Duke of Portland’s family. He has spent much of his life in Scotland, where he rented the sporting estate of Duke of Richsmond and Gordon. Mr Henry Phipps was Jhe partner of the late Andrew Carnegie. Mr Carnegie devoted £70,000,000 to public purposes during his life and left £7,000,000 at his death. Mr Phipps made lavish gifts during his life, but died with the bulk of his fortune mtwo giants of the American steel industry lived parallel lives. Carnegie was a poor Scots boy, and Phipps was the poor son of an English shoemaker who settled m Philadelphia Carnegie became an. errand boy and Phipps an office boy.