The United States millionaire became one of the most extreme cases of waste and mismanagement of wealth.
USA It is one of the world’s greatest powers and is the birthplace of some of today’s most influential millionaires. It is also known as the land of the “American dream” of achieving a fortune based on one’s own efforts. But There are many who lose their money due to mismanagement.
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In case of Jocelyn Wildenstein It became one of the most extreme cases of loss of fortunes. The New Yorker nicknamed Catwoman because of her feline features went from having 2.3 billion euros and several pieces of art to declaring bankruptcy and living off the 800 euros in social security. She further stated that she does not generate any monthly income and that she is also helped by her friends and family.
How Jocelyn Wildenstein Made Her Fortune
The American She is the ex-wife of one of the world’s largest art dealers, Alec Wildenstein.. The painting magnate grew up in the family business that his great-grandfather had founded in 1875. When he took the reins of the business, he had inventory valued at $10 billion.
Jocelyn and Alec’s marriage produced two children but the couple divorced in 1999, a few years before her ex-husband took control of the family business. The New Yorker said that, After their separation, she was entitled to more than the 2.3 billion euros she received. She also acquired two paintings, one by Diego Velázquez and another by Paul Cézanne.
How Jocelyn Wildenstein lost her entire fortune
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The American billionaire squandered her fortune in around 20 years. One of her paintings was sold for a much lower price than the quoted price, while the other ended up being a fake. Even so, He spent around 900 thousand euros a month on luxury items and almost 5 thousand on telephone bills.. She generated no income in her later years and is currently looking for a lawyer to ask for what she really thinks she was entitled to by divorcing her.
