DIVORCE

Patricia Kluge: The Demise Of A Billionaire Divorcée

01/25/2011 01:58 pm ET | Updated May 25, 2011

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.

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