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In 1957, Fortune magazine developed a list of the seventy-six wealthiest Americans, which was published in many American newspapers. [6] Jean Paul Getty, when asked his reaction to being named wealthiest American and whether he was worth a billion dollars, said, "You know, if you can count your money, you don't have a billion dollars" and then added, "But remember, a billion dollars isn't ...
Harry Truman was among the poorest U.S. presidents, with a net worth considerably less than $1 million. His financial situation contributed to the doubling of the presidential salary to $100,000 in 1949. [5] In addition, the presidential pension was created in 1958 when Truman was again experiencing financial difficulties. [6]
In 1953 Howard Hughes gave all his stock in the Hughes Aircraft Company to the newly formed Howard Hughes Medical Institute, thereby turning the aerospace and defense contractor into a tax-exempt charitable organization. The Howard Hughes Medical Institute sold Hughes Aircraft in 1985 to General Motors for $5.2 billion.
In the Oval Office for just three years, Gerald Ford grew his net worth by 400% from the time he entered the White House in 1974 until his death in 2006, according to the American University study.
A Coconut Grove, Florida estate with deep ties to American aviation legend Howard Hughes has listed for a staggering $55.5 million, The Post has learned. The property last sold in 2021 for an ...
The shirt has changed hands multiple times over the years. Fain’s widow auctioned off the shirt in 1976, according to the Beverly Hills-based Julien’s, who is hosting the upcoming sale ...
In September 1994, Summa Corporation was renamed The Howard Hughes Corporation, both to honor Howard Hughes and to fulfill his original intentions of keeping his name on the business. [ 6 ] In February 1996, Hughes's heirs sold the Howard Hughes Corporation to the Rouse Company for $520 million, plus half of any future profits from the company ...
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