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Category: Celebrity Issues (page 1 of 2)

Apple CEO Tim Cook Plans to Donate His Wealth to Charity

The Wall Street Journal reports that Apple CEO Tim Cook is joining a cluster of executives planning to give away the majority of their wealth to charity.  The detail is part of a wide-ranging profile in Fortune.  According to the article, Cook is setting aside money to cover his nephew’s … Continue reading

Robert De Niro Socked With $6.4 Million IRS Tax Lien

The Smoking Gun reports that the Internal Revenue Service has hit Robert De Niro with a $6.4 million tax lien, according to records filed this month.

In a notice sent to New York City’s Department of Finance, the IRS reports that the 71-year-old De Niro owes the whopping bill in … Continue reading

In Case of L’Oréal Heiress, a Private World of Wealth Becomes Public – NYTimes.com

The New York Times writes about litigation surrounding one of the wealthiest women in the world, Liliane Bettencourt, the 92-year old heir to the to the L’Oréal cosmetics fortune.  According to the article, as Ms. Bettencourt aged and her health faded, she became the target of numerous attempts by individuals Continue reading

The Secret Tax Lives of the Rich and Famous

Bloomberg reports on tax issues experienced by various celebrities, from Willie Nelson to Wesley Snipes, noting that in the past year, comedian Chris Tucker, supermodel Gisele Bündchen, the lead singer of Creed, and at least one of the Real Housewives have had reported run-ins with the IRS. Bloomberg gives the … Continue reading

Despite Detailed Planning, Robin Williams Estate Dispute Ensues

When Robin Williams died last year, he left a meticulously wrote and detailed will to distribute his belongings, ranging from his mansion, jewelry to other personal items. Despite his will, only after four months since the actor’s death, his children and fourth wife started a legal battle over the items … Continue reading

Robert L. Moshman: The Estate Analyst-The Year in Review: Voices of 2014

By Robert L. Moshman

December 2014

Goodbye, 2014! Be off with you and your Ebola, ISIS, Boko Haram kidnappings, Malasian airline crashes, and rocket/tunnel warfare in Gaza. In fact, help yourself to as many Kardashians as you like and then hit the road. Here’s to a Kimye-free 2015.

Before closing … Continue reading

Dolce & Gabbana Cleared of Tax Evasion

The NY Times notes that the Court of Cassation in Rome, Italy’s highest court, acquitted the fashion designers Domenico Dolce and Stefano Gabbana of tax evasion on Friday. The court overturned two lower court convictions, and also acquitted the designers’ tax accountant, two managers and Mr. Dolce’s brother, bringing to … Continue reading

Five myths about billionaires

Darrell M. West, vice president of the Brookings Institution’s governance studies department and author of “Billionaires: Reflections on the Upper Crust” writes about five myths about billoinaires in the Washington Post, which is now owned by billionaire, Jeff Bezos.  Mr. West’s article begins as follows:

Billionaires can be fascinating —

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The Objects 10 Celebrities Took to the Grave

Mental Floss describes the objects that 10 celebrities took to their graves, including Frank Sinatra (Jack Daniels), Bob Marley (a red Les Paul guitar and marijuana), and Elizabeth Taylor (Richard Burton’s final love letter to her).  The article begins as follows:

Ancient Egyptians werent the only ones who buried their

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Robert L. Moshman: The Estate Analyst-The Tragic Case of Casey Kasem; New York’s “164%” Estate Tax, Slayers Inherit from Victims, and John Wayne’s Heirs Sue Duke University

By Robert L. Moshman 

 Midsummer Madness — 2014

“Why, this is very midsummer madness!”
—William Shakespeare, from Twelfth Night

Once more into the breach as we embark on what has become our annual journey to Crazy Town in a quest to cover inexplicable developments that strain reason, challenge credulity, … Continue reading

Jackson Neverland Ranch Being Readied for Sale by Colony

Bloomberg reports that Michael Jackon’s Neverland Ranch is being readied for sale, noting:

For sale: California estate once home to the King of Pop, named for the island of the Lost Boys. Spacious Tudor-style mansion ideal for entertaining. Chimpanzee not included.

Neverland Ranch, the Los Olivos, California, property where the

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The Fabulous Life Of Billionaire Mark Zuckerberg

Business Insider ran a photo essay yesterday showing “The Fabulous Life of Billionaire Mark Zuckerberg,” noting:

Earlier this week, Facebook crushed its second quarter earnings and its stock hit an all-time high — which really just means Mark Zuckerberg is one step closer to being the richest man in the world.

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Seinfeld’s 10 Enduring Lessons—About The IRS

Robert Wood, on his Forbes blog, reports that on Seinfeld’s 25th anniversary–it debuted July 5th, 1989–it is being discussed again around today’s version of the water cooler. Yes, Seinfeld at 25: There’s Still Nothing Else Like It. Turns out even a show about nothing can teach us something, including tax lessons.  To read about Seinfeld’s … Continue reading

Felix Dennis, Maxim Publisher, left a forest for his legacy … and heir

When Felix Dennis, the idiosyncratic owner of namesake publishing businesses in the U.S. and U.K. and publisher of such racey magazines such as Maxim, died at age 67 last week, ownership and a cut of both firms’ profits passed to a trust he had established to plant the largest contiguous … Continue reading

In Inheritance Battle, Judge Sides Against the Perelmans

The NY Times reports that the bitter legal fight involving Samantha Perelman, the daughter of the billionaire investor Ronald O. Perelman, came to an end on Wednesday, when a superior court judge ruled that Ms. Perelman’s uncle did not cut her out of her inheritance by unfairly manipulating her dying … Continue reading

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