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What happened to Howard Hughes' money after he died?

Hughes had no direct descendants or immediate family, and he didn’t leave behind a will.

[quote] A battle ensued between the temporary administrator of the Hughes estate, cousin and lawyer William Lummis, and those who ran the Medical Institute. It was a multi-state war, with Nevada, California, and Texas all claiming to be responsible for the distribution of the state, and all of which had their own laws about inheritance.

[quote] After years of struggle trying to sort the people with legitimate claims from the fakers who were in it to try to grab some of the cash, a lot of the money did end up going to the Howard Hughes Medical Institute. However, a huge chunk of it also went to various Hughes heirs. According to the Wall Street Journal, around 1000 people have benefited from the estate, including 200 of Hughes’ distant relatives. After liquefying many of his assets, they collectively were awarded about $1.5 billion.

[quote] the liquidation of the estate wasn’t completely finalized until 2010, 34 years after his death.

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by Anonymousreply 4May 14, 2022 10:27 PM

"1000 people have benefited from the estate, including 200 of Hughes’ distant relatives. After liquefying many of his assets, they collectively were awarded about $1.5 billion"

not sure whether Hughes would be please with that, he probably didn't have any contact with most of them or even knew their existence, but somehow these people benefited from his death.

by Anonymousreply 1May 14, 2022 1:18 AM

I heard h’de pissed most of it away in thousands of sealed, labeled, glass Nescafe jars.

by Anonymousreply 2May 14, 2022 1:44 AM

Dang son.

by Anonymousreply 3May 14, 2022 2:03 AM

Hughes' last known photo/public appearance, it was taken in 1961 Formula One Grand Prix, 15 years prior to his death. He really lived as a recluse, not even a photo left when he died.

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by Anonymousreply 4May 14, 2022 10:27 PM
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