The Probate Lawyer Blog: “CNN and Fortune Magazine recently featured a fascinating article
[called ‘Citizen Bunky: A Hearst family scandal‘ about the legal battle between John Randloph ‘Bunky' Hearst, Jr., and his ex-wife. Bunky is one of the grandsons of famed media mogul William Randolph Hearst, who left behind the powerful Hearst Corp. William Randolph Hearst died in 1951 with a trust and estate worth about $400 million in today's dollars. But, more importantly, his trust established a corporate framework that enabled his board of trustees to expand the Hearst holdings into a multi-billion dollar media empire, owning hundreds of magazines, newspapers, television stations, 20% of ESPN and more.”
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