Wednesday, September 11, 2013

Abundantly Wealthy but not living it up

New York Times ‎- 6 days ago
Abundantly Wealthy, But Not Living It Up ... Ms. Clark was not dead at all, but she did not live in any of her immense ... Clark as a poor little rich girl with a bad case of arrested development. ... The authors invoke “To Kill a Mockingbird”: they call her “a modern-day 'Boo' Radley, shut up inside by choice, safe ...

Abundantly Wealthy, But Not Living It Up

‘Empty Mansions,’ About the Heiress Huguette Clark

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The story of how the book “Empty Mansions” came to be, in the words of Bill Dedman, one of its two authors, begins with “an exercise in American aspiration.” And when Mr. Dedman, a journalist, embarked on that exercise, he could not have guessed how right that phrase would be. In 2009 he and his wife were looking for a house outside New York City. Just for fun, Mr. Dedman Googled real estate listings in the astronomical range. He found a markdown in New Canaan, Conn., a house that had gone from $35 million to $24 million and had one very unusual feature, even more unusual than its room for drying draperies. The place had been unoccupied since it was purchased. In 1951.
Patricia Wall/The New York Times

EMPTY MANSIONS

The Mysterious Life of Huguette Clark and the Spending of a Great American Fortune
By Bill Dedman and Paul Clark Newell Jr.
Illustrated. 456 pages. Ballantine Books. $28.
David Beyda Studio
Bill Dedman
Mr. Dedman located the house and coaxed forth its caretaker. This man had never met his employer of more than 20 years, Huguette Clark. But he had a newspaper clipping about the sale at auction of a $23.5 million Renoir painting that came from “the estate of Huguette Clark.” The caretaker was puzzled. Had Ms. Clark been dead all these years he worked for her?
Mr. Dedman had stumbled onto an amazing story of profligate wealth, one so wild that “American aspiration” doesn’t begin to describe its excesses. Ms. Clark was not dead at all, but she did not live in any of her immense dwellings, which included an estate atop a mesa in Santa Barbara, Calif., and three apartments, totaling more than 40 rooms, in a grand Fifth Avenue building. At 103, and in need of not much more medication than vitamin pills, she had long ago sequestered herself in a hospital room and had not been to any of her homes in more than 20 years. “Empty Mansions” is the self-explanatory title of the Huguette Clark story.
This book credits Paul Clark Newell Jr., a cousin to Ms. Clark, as its co-author. Unlike many other Clark family members, he knew Huguette, who died in 2011 at 104, well enough to receive occasional phone calls from her, though she was too wily to give him her number. She was polite, lucid and even chatty, all of which undermine the idea that she was a crazy recluse living in miserable isolation. Far from it: her favorite late-18th-century French fable described the benefits of living unobtrusively as a cricket, rather than glamorously as a butterfly. She seems simply to have preferred to live quietly in tightly controlled surroundings, after spending her childhood and young adulthood as a jewel-bedecked heiress to a vast copper fortune.
A more reckless and sensationalized book than “Empty Mansions” would try to pigeonhole Ms. Clark as a poor little rich girl with a bad case of arrested development. (She loved the Smurfs and the Flintstones. She also took a serious interest in dolls, and commissioned the House of Dior to create doll clothes.) A more lurid account would also salivate over the conflicting claims to her estate. And authors less open-minded than these would draw easy comparisons between Ms. Clark’s later years and those of Howard Hughes. But she was a generous woman with many long-distance friendships; she just liked to keep them that way. The authors invoke “To Kill a Mockingbird”: they call her “a modern-day ‘Boo’ Radley, shut up inside by choice, safe from a world that can hurt.”
The early parts of this book tell an outsized tale of rags-to-riches prosperity, describing the ambition and ingenuity of W. A. Clark, the copper-mine millionaire and politician whose biography has tended to get lost in robber baron lore. But Clark was wealthy enough to be known as the Copper King, and one of the less notable things he did was to help create a railroad linking Salt Lake City with Los Angeles. He sold residential lots at a spot in Nevada that could be useful for railroad maintenance and refueling. The small town he created became Las Vegas.
Clark married twice and had children by both wives. Ms. Clark was the younger of two daughters from his second marriage. By the time she was born, in 1906, her father was in his 60s, had become a United States senator from Montana despite a scandal involving his efforts to buy votes, and remained a study in extravagance. The now-vanished Clark homestead in New York City can be seen on the book’s cover, complete with gaudy turret.
Ms. Clark had the credentials of a debutante, but that was not the life she chose. She married briefly and mysteriously and wrote amorous letters to a French confidant, but her primary interests were closer to home. Devoted to her mother and sister (and greatly bereaved when she lost them), she had an affinity for art as both painter and collector. She also inherited her mother’s love of music and wherewithal to collect rare instruments. A Stradivarius violin with a wood-carved image of Joan of Arc was one of the prized possessions that made Ms. Clark, in her later years, a target for predators. The best parts of the book describe the unseemly efforts of trustees, hospital administrators, a private nurse who collected millions from her patient, and an accountant caught in an Internet sex sting to separate the heiress from her money.
The messy circumstances surrounding her estate may become much more public, as a group of Clark descendants (from W. A. Clark’s first marriage) prepare to challenge her will. (A settlement is possible, but court proceedings have been scheduled for this month.) They are made especially messy by Ms. Clark’s habit of bestowing extravagant gifts without understanding that gift taxes were due. The book illustrates how readily her largess, legal fees and tax debts reduced her fortune, though she seems to have remained canny about those seeking to exploit her.
The unsuccessful efforts of Beth Israel Medical Center to squeeze a major contribution from its most peculiar long-term patient are especially embarrassing. As the hospital’s president, Dr. Robert Newman, wrote in a memo to his fund-raising staff: “Madame, as you know, is the biggest bucks contributing potential we have ever had.” Dr. Newman also used the phrase “super-mega gift” to describe what he was hoping for.
The whopping gift didn’t happen. So something else did. When Beth Israel discovered that Ms. Clark’s bequest would be only $1 million, she was moved to a room next to a janitor’s closet. The photo illustrations in “Empty Mansions” show both the sweeping Central Park vista outside Ms. Clark’s Fifth Avenue windows and the third-floor view of an air-conditioning unit to which Beth Israel relegated her. The hospital says it moved her only because her old room required renovation.

 'Empty Mansions,' About the Heiress Huguette Clark
People can survive "normal" lives but often living it up means drinking or drugs and unusual people who might be a threat to you possibly. So, not living it up when one is rich is safer for many. So, you will find thoughtful practical people not living it up who are rich all over. Also, some of the richest people you would never know because they don't tell anyone about it. Instead they hide their money in their mattress or in savings bonds or other vehicles and just don't tell anyone except maybe they send their nephews or nieces or kids 100 or 1000 dollars on their birthdays. Actually there are many more "secretly wealthy people" than there are the flamboyant ones who "flame out" spectacularly on TV everyday. 

Also, I was right in another blog post. The huge estate on top of a mesa near the Zoo on the beach in Santa Barbara must have been owned by her.

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