Alfred dupont net worth series#

After six years in court, Ball agreed to give his former wife a lump sum payment of $250,000. Of all his court battles, Ball’s most galling defeat resulted when his only marriage ended in divorce in 1943 after 10 turbulent years. duPont and Jessie Ball duPont in the bell tower within site of the hospital on the Nemours estate. When Ball died five years ago, his body was placed in a crypt close to those of Alfred I. Ball’s will provided that the proceeds from his estate, like those of his late brother-in- law, should also go to the Nemours Foundation - but only for use in Florida.In the three years since completion of probate, Ball’s estate has contributed $13.66 million to the Nemours Children’s Hospital in Jacksonville. The year before Ball died, the Nemours Foundation expanded its operations into Florida and bought a children’s hospital in Jacksonville. Ironically, today the proceeds of Ball’s own $75 million fortune pour into the Nemours Foundation. The state’s had contended that the assets were worth $926 million. The courts ruled that its assets then were $803.5 million, compared to the trust’s $640 million valuation. The case was settled in 1983, two years after Ball’s death, with the trust winning a partial victory. The two states charged that the assets of the trust were considerably undervalued and that more of its money should have been turned over to the foundation. The will had provided that part of the proceeds from the DuPont Trust would go to the foundation, which opened a childrens’ hospital in 1940 on the family’s Nemours estate. First consideration was to be given to the residents of DuPont’s home state of Delaware.

duPont had established in his will for the care of curably ill children and the elderly. One of Ball’s most notable battles was with the attorneys general of both Delaware and Florida, who accused the DuPont Trust of shortchanging the Nemours Foundation, which Alfred I. He chose to sell the bank, but it was an anguishing choice for Ball because he had worked with DuPont to found the bank network in 1927 and was chairman of its board. Joe or Florida National Banks, then the state’s largest financial institution. He lost the one with the Fed in 1977, and the DuPont Trust was forced to sell its majority interest in either St. His victories and defeats were about evenly divided. He waged legal battles with Congress, the Federal Reserve Board, the Interstate Commerce Commission, railroad and paper unions, environmental groups and his wife, from whom he was divorced. Those who disagreed with Ball were listed as enemies it was a long list.Ī dissident fellow DuPont trustee and former president of Florida National Banks, William Mills, said after Ball’s death, “I have always regarded him a rascal, and I always will.” He was difficult because he liked to have his own way.”Īrrogant and contentious, the five-foot, four-inch financier operated the DuPont Trust almost as his personal business.

Alfred dupont net worth series#

LeRoy Collins, who had a series of battles with the Pork Choppers, said of his former adversary after Ball’s death, “He was always trying to accomplish some private interest of his own. Supreme Court’s one-man, one-vote reapportionment decision in the 1960s.įormer Gov.

For nearly 30 years, he maintained that control until it was broken up by the U.S. That land and the wealth it generated in the 1930s gave Ball the clout to form and dominate a group of rural businessmen and state legislators, dubbed the “Pork Chop Gang,” who grabbed behind-the-scenes control of the state Legislature. Joe forms the underpinning of what is now the DuPont Trust, one of the 20 largest charitable trusts in the nation. Joe Paper Co., which today comprises 34 companies and subsidiaries and has a controlling interest in the Florida East Coast Railway.

With reforestation of the land was born St.