The initial capital to make investments can come from different places, inheritances, compensation, or even a separation.
Patricia Kluge is a former British model for pornographic magazines, who after her second divorce became one of the richest people in the world. On a trip to New York, she met who would later become her second husband, John W. Kluge, who had a fortune valued at $4.471 billion according to Forbes magazine.
The content you want to access is exclusive to subscribers.
to subscribe I am already subscribed
In 1981 they married, and after 9 years they divorced. In this process, Patricia received compensation of 890 thousand euros per year and extensive property in Virginia, in addition to the assets shared in the Albemarle company.
KLUGE-jumbo.webp
Patricia Kluge with her third husband Bill Moses, walking through their vineyard.
In this way, the former model decided to invest in the new Kluge Estate vineyard and winery, on an area of almost 4 square kilometers of land near the Albemarle company, together with her third husband William Moses. They experienced a brief episode of success when the estate’s wines graced the tables of socialites and prominent people throughout the country. Kluge wines were even served at Chelsea Clinton’s wedding.
From billionaire to bankruptcy: how Patricia Kluge lost her entire fortune
In any case, years later they were victims of the international financial crisis and the collapse of the real estate market, which led them to lose their fortune in 2011. Kluge auctioned off all his jewelry and belongings to try to save himself from bankruptcy but he did not. He succeeded, and in June 2011 he declared bankruptcy.
On the other hand, a renowned American tycoon, that same year bought the Kluge winery for a small part of its original value, after Bank Of America seized it, it was none other than former President Donald Trump.
