Estate of Denial news clips (6/13/16)

Ali’s Family to Spar Over His $50 Million Fortune: Fourth Wife Lonnie Will Act as Executor as His NINE Children, Exes and Brother Prepare to Enter the Ring for a Slice of Inheritance

Daily Mail

June 4, 2016

With the death of the greatest sportsman of the 20th century, Muhammad Ali leaves behind a vast estate that will likely be split among Muhammad Ali’s children and devoted wife.

The boxing legend who died Friday is survived by his fourth wife, Lonnie, whom he married in 1986, and his nine children, including seven girls and two boys and a brother named Rahaman Ali.


Philippe Dauman Argues Trustees’ Ratification of His Removal Isn’t Significant

The Hollywood Reporter

June 6, 2016

In advance of an important hearing on Tuesday that will help determine the future of Viacom, Philippe Dauman and George Abrams have filed new court papers that argue that a dispute over their ouster from the Sumner Redstone National Amusements Trust must take place quickly in Massachusetts.

The move is a reaction to filings on Friday from the Sumner Redstone camp that contained something new and potentially tipping. It was revealed then that four of the seven Trustees including “swing vote” David Andelman had affirmed the removal of Dauman and Abrams, potentially rendering Redstone’s competency to determine Trustrees as moot. If a majority agrees that Dauman and Abrams should no longer have a place at the entity that controls 80 percent of Viacom stock, it might also swing power to Shari Redstone.


Inside the Blood Feud Between Billionaire Bruce Wasserstein’s Children

Vanity Fair/Hive

June 7, 2016

After holding back tears for more than an hour, Erin McCarthy was finally crying. We were sitting together in her living room, overlooking Central Park, and McCarthy, 45, was recounting the memories of her unusual romance with Bruce Wasserstein, the iconoclastic Wall Street billionaire—and the years of turmoil that have followed his sudden death, in October 2009.

McCarthy and Wasserstein’s bond had indeed been a strange one, even by Wall Street standards. She was a fair-skinned, Kentucky-born, Southern Baptist grant writer, with an aspiring novelist husband who didn’t want children. He was a portly, Yeshiva-raised New Yorker whose outsize intellect and ego led him to ruthlessly become chairman and C.E.O. of Lazard, the elite investment bank. He had also fathered five children with two of his previous three wives.


Battle for Prince’s fortune continues as ‘two new potential heirs come forward’

June 7, 2016

Two more potential heirs have allegedly come forward to claim Prince’s fortune – including one who claims he is the singer’s adopted son.

According to reports, a man – named Norman Yates Carthens – states that Prince was his adoptive father.