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BOY MILLIONAIRES.

I A £40,000,000 FORTUNE. I .Mr;. Marshall Field, the -Chicago mer--1 chant prince, who died, in 1906, left estate, according to a declaration -in court just made, worth £1(3,091,806. Under the ante-nuptial arrangement lie -bequeathed his widow, Mrs. Delia :S. Field, £200,00'0. The liquidation ot debts and the payment of -business and legal fees account for £831),274, ami Lite settlement of seventy-five special legacies calls for a disbursement of some £5,000,000; The residue, which has a -present value of- £10,800,000, will- be inherited by the grandsons of the t-estatcir —Mr. Marshall Field the third' and Mr. Henry Field, whose father,. Marshall Field, .junr., died in November, 1-905. The boys are aged sixteen and fourteen, respectively.- -Oil their twenty-fifth, thirtieth, -thirty-fifth, and fortieth birthdays they will receive, the elder £.90,001) and the younger £ 60;(K)0 each time. But they will have to wait until the age -of fifty before t'hey come into the bulk of the fortune, which it is estimated will then have multiplied its market value by at least four times 'and be woi-yi- £40,000,000, since it includes not only"* Mr. Marshall's business -but real estate and other investments constantly increasing in value. The sister of the two young heirs will receive the income on £200,000. Another will of great public interest is that of Mr. Henry -H. Rogers, the Standard Oil magnate and an intimate friend of the late Mark Twain. It an ,pears that Mr. -Rogers, who was reputed to be worth considerably over £25,000,000, died in comparative poverty. His estate totals the "insignificant sum of £6,840,000." Mr. Rogers —such is the explanation offered for the unexpected diminutiveness of the fortune was badly hit in the panic of March, 1907.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TDN19100616.2.54

Bibliographic details

Taranaki Daily News, Volume LIII, Issue 57, 16 June 1910, Page 6

Word Count
284

BOY MILLIONAIRES. Taranaki Daily News, Volume LIII, Issue 57, 16 June 1910, Page 6

BOY MILLIONAIRES. Taranaki Daily News, Volume LIII, Issue 57, 16 June 1910, Page 6

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