Is Gloria Vanderbilt broke?

After getting ripped off to the tune of millions by her former lawyer and psychiatrist, she lives in an apartment now and sells her scary paintings. What happened to all the family money?

http://www.tedkennedywatson.com/2012/12/11/the-art-of-gloria-vanderbilt-in-town-country/



• OP, I think they let rich people live in apartments in NYC. I would think that she is too smart to let a lawyer or a psychiatrist steal millions from her, but even if that is true it would just be a drop in the bucket.

• She's lived in an apartment forever OP but it's probably about 10,000 sf. This is not news.

• [quote] Vanderbilt's mother was forced to live on a drastically reduced portion of her daughter's trust, which was worth more than $4 million at the end of 1937 She was never poor but never filthy rich from Vanderbilt money. By WWII, the family fortunes had dwindled substantially, dispersed among large numbers of heirs separated by a generation or two or three from the Vanderbilts who made the money. Most of her money in her lifetime, apart from her relatively modest inheritance. I've known a couple of Vanderbilts, neither of whom was poor, but both lived thoroughly middling middle class lives and not out of modesty. It takes enormous effort to hang on to a family fortune for many generations. The Vanderbilt name has long been associated with big money, long after most of it escaped the grasp of its heirs.

  http%3A//en.wikipedia.org/wiki/Gloria_Vanderbilt

• Correction -- Most of her money was made by GV in her lifetime, apart from her relatively modest inheritance.

  r3

• If mummy is broke, Andy will take care of her. Actually there is a good book on the Vanderbilts called "Fortune's Children" by Arthur T. Vanderbilt. I believe the author is descended from one of Cornelius's relatives (a sibling maybe), therefore a very distant cousin to Gloria. He does cover the uproar that occurred in the 1930s during the custody battles between Gloria's Aunt Gertrude and her mother, Gloria. Gertrude was something of an artist and it would seem that Gloria must have gotten her inspiration in art and design from her. Looking at some of her work though, one might find it rather "busy" although not unpleasant. Does anyone think there were some interesting parallels between Gloria Vanderbilt's life and Judy Garland's? Judy Garland I think was 2 years older, both married musicians, both tried acting, both had dominating female parents/guardians. I think Gloria Vanderbilt had the good sense to stay away from drugs and alcohol, unlike her father Reginald Claypoole Vanderbilt who died of cirrhosis. Anderson Cooper has said that to be a Vanderbilt means carrying alot of baggage along with the name. Most of the Vanderbilt descendants today are not worth millions and as r3 pointed out, Gloria's money was largely made by herself in her own right but did start out with what then was a hefty trust fund passed down to her. I think a few informative programs hosted by Anderson Cooper on the Vanderbilts perhaps showing Biltmore, Hyde Park and The Breakers or riding the Amtrak route of the New York Central would be fun to see.

  anon

• Poor little rich crone

• Gordon Parks and Bobby Short both died and didn't leave her anything in their wills.

  Once%20she%20went%20black...

• She has to pay CNN to employ her son. And CNN gives AC the money. You don't honestly think anyone would PAY him for that crap do you?

• Actually she inherited a trust as a child which was big money then. That she did not manage it well is an understatement. It was long gone by the time she began to earn significant money with her various ventures in the 70s and 80s. And she blew those wads as well. She is not poor- and her son he very wealthy- but her life gas been marked by blowing large sums of money. I have shared before the reason she was rejected by a top NYC coop years ago- had nothing to do with her friendship with Bobby Short as reported in the press. She did not meet the financial requirements of the coop and WAS being mislead by her lawyer at the time, Roy Cohn. The coop board advised her to get rid of him and even offered to cooperate with disbarment procedures. He was disbarred years later, although she was not the cause.

  charlie

• She likely is. It takes a LOT of fucking money to keep paying-off cable networks to keep her fey, snickering, giggling, obnoxious and classist little homo son employed and in the spotlight.

• who the the fuck is the bitter R10 queen amd why don't you just leave this planet.

• Uh oh. Rapid AnderFanGirl at R11! Somebody get eldergay R11 her smelling salts!!

• Was there a biography written on Bobby Short? I once saw an auction catalog for sale in Ebay on Bobby Short's estate. He had elegant taste. Was Bobby Short gay? I have that vibe that he was.

• She's not broke today, but it's true she was ripped off for millions by her shrink and lawyer. She had to sell her home in Southampton and liquidate her investments to pay her debts, including back taxes, in the late 80s. Her co-op apartment is paid-off and she still makes quite a bit of money from licensing her name. So, she's OK, but certainly not super rich.

• I really feel sorry for her, she's suffering so.

  Please%21

• she better not start stalking tig!

  http://fuckyeahtignotaro.tumblr.com/post/34624260823/amanda-ran-for-tig-in-the-canadian-breast-cancer

  photo care of evita rush creator of tig tumblr site

• Amy Vanderbilt was another colateral descendant--funny how both she and Anderson Cooper's brother jumped out of windows.

  anonymous

• The Cecil branch of the family, which runs Biltmore Estate, lives pretty modestly.

• Anderson Cooper's brother didn't jump out of a window. He jumped off a terrace or balcony. It's worth noting that the terrace (or balcony) was high above the ground, because it was an apartment. (Amy Vanderbilt jumped from the window of a town house. I don't know how that killed her.) Gloria Vanderbilt has long lived in apartments. I recently sold my relatively modest apartment for several million dollars, OP. Tell us about your house.

• [quote]funny how both she and Anderson Cooper's brother jumped out of windows. Did Amy Vanderbilt jump or fall? She was having dizzy spells from medications she took for hypertension. I don't think suicide or fall was ever determined.

• Gloria will never be broke as long as AC has a bank account.

• [quote]Did Amy Vanderbilt jump or fall? I understand that it was a very small window. She was indisputably, um, less than lithe. The odds of her simply tumbling through were apparently very, very remote.

• Andy Coopie got a huge bank account; she ain´t broke!!!!!

  Lana%20Kane

• (R5) Judy Garland "tried acting." Funniest thing I've ever read on here!

• She paints like an autistic 6-yr. old.

  http://www.gloriavanderbiltfineart.com/paintings.html

• R25, Holy shit, those are vomitous!

• Anderson's got enough money to take care of her, doesn't matter what she lost, he's more than made up for it by now.

• Oh my. Those paintings are .... quite interesting. They certainly suggest a young naif painted them at the very least. I do wonder what is going on in Red Balloon.

• The people in those paintings have no faces. I think that's very telling. I sometimes wonder what it was like growing up in her household. One son committed suicide, another one has been estranged from her for over 30 years. She doesn't strike me as having been the best prepared for motherhood, probably resulting from her own tumultuous childhood. I have a feeling there are many demons in Anderson's closet (no pun intended).

• [quote]Was Bobby Short gay? I have that vibe that he was. Please turn in your gay card as you leave. Thank you.

• Make that "poor little rich little poor little crone."

• R26, I checked your link out, LOL! I couldn't agree with you more! The prices for her art is outrageous! I can picture these stupid new rich people saying, Oh my gosh!! Gloria painted this!!! Did anyone check out her "Magic Boxes"? LOL! Oh my oh my! I was laughing so hard when saw her "Magic Boxes" in addition to her other "Art". BTW, Gloria changed her name. Her name now is Gloria Vanderwarhol, LOL!

• R32, "The prices... is outrageous"? Clean up your act before you LOL three times at others.

• Mrs. Joan Crawford!!! R33!! That is enough! Control yourself!

• I like her paintings. They're not at all what I expected from her, though. Given her background, i thought they'd be more formal, but they have the spirit of good folk art. I wonder if that's a choice, or because of lack of ability to do anything else. Either way, i think they're wonderful, and I wish her well with them.

• Bobby Short never could get hard for Mom, but he did for me!

  Anderson%20Cooper%20CNN