Patricia Kluge: The Demise Of A Billionaire Divorcée

Yahoo! News:

The saga of Patricia Kluge is one of glamour, sex, power, and money--and the luxurious lifestyle she so carefully crafted has crashed and burned. The era of conspicuous consumption for the ex-wife of the late billionaire John Kluge came to an end last month, when several banks foreclosed on an elaborate 960-acre winery and real-estate development she had established in Charlottesville, Virginia, in 1999. And just last week, Bank of America delivered the coup de grace, filing suit against Kluge, claiming she defaulted on three loans worth $23 million. The bank stepped in and seized Albemarle, her opulent, 45-room Georgian mansion, adjacent to Thomas Jefferson's Monticello.

Read the whole story: Yahoo! News

Comments

[hazyafternoonsunshine]

07:23 PM on 01/25/2011

Well, bless her heart...

[assbite]

03:39 PM on 01/25/2011

What fun. This is probably the best new form of entertainment from the new Gilded Age (other than collecting discarded soda cans to raise meal money). Here's a link to a San Diego Union Tribune story about the wealthiest (ex) couple in San Diego County battling it out:
http://www.signonsandiego.com/news/2011/jan/22/brandes-v-brandes-fairy-tale-lawsuit-ever-after-en/

[Valery Satterwhite]

02:43 PM on 01/25/2011

The ability to enjoy, let alone sustain, wealth is an inside job. There isn't a diamond or chic Moroccan residential compound that will support, nourish and grow a healthy sense of inner wealth - essential to intelligent investing, decision making and behavior grounded in reality. I look forward to the day when people - affluent, accomplished or otherwise - choose to invest in their inner wealth legacy before they mindlessly acquire materialistic hit after hit of their mind-numbing coping drug of choice.

[Guscat]

03:25 PM on 01/25/2011

Fanned. Well said and important.