Her influences in the fashion world grows each year. Chris has been writing for TVOvermind, Uncoached, and Worthly for two years and has written about numerous different television shows, news events, and pop culture topics.
Contact him through Twitter ckinger You must be logged in to post a comment. Search Search for: Search. Comments Our site Facebook. Search Forums Advanced. Page 1 of 2. Location: DFW 6, posts, read 13,, times Reputation: Advertisements In other words, what's the least popular city for trust fund babies to live in?
Location: The City 22, posts, read 35,, times Reputation: Location: The Heart of Dixie 9, posts, read 14,, times Reputation: Pretty sure Boston is the highest. Location: morningside, atlanta posts, read , times Reputation: Quote: Originally Posted by dixiedean Houston.
Quote: Originally Posted by cabasse nah Location: Arvada, CO 13, posts, read 27,, times Reputation: In , for example, he helped persuade the state Legislature to make a legal change that dramatically boosted the annual income of Gordon Getty and other beneficiaries of the main Getty family trust.
But the judge is not the only Newsom who has benefited from his financial entwinement with the Gettys. Gavin owes his political career to his father as well. The elder Newsom is a longtime crony of John Burton, whom he has known since high school and with whom he regularly plays racquetball. Besides, they needed a straight white male on the board.
Savvy Irish-American operator that he is, the judge continues to answer a reporter's questions suavely and smoothly over lunch. The newspaper concluded that of the self-described entrepreneur's 11 enterprises, Gordon Getty was the lead investor in The article helped reinforce the view of some that the younger Newsom is a silver spooner who has grown wealthy not as a result of his own business moxie, but because of his connection to the ultrarich Gettys.
The judge is at least partly right. To some extent, it's him raining Getty money on his son. Gavin Newsom did not return multiple calls for comment for this story. The bonds between the Newsom and Getty clans go back more than half a century. Ignatius Catholic prep school in San Francisco.
The Getty boys were offspring of oil tycoon J. Paul Getty and his third wife, Ann Rork. He pretty much ignored his four sons and five successive wives. Gordon and Paul enjoyed comfortable but hardly rich lifestyles made possible by stipends from the Sarah C. Getty Trust, created by the oilman's mother because she doubted his willingness to provide for her grandchildren. When Sarah passed away, her Midas-fingered son poured billions of oil dollars into the trust, now his, to escape taxation.
As his boys matured, their annual trust incomes increased, but their father refused to give them any real control over his fabulous fortune. He composed classical music, invented elaborate economic theories, and raised four sons with his wife, Ann, the doyenne of Nob Hill society.
In , Gordon revealed that he had also fathered three daughters with a Los Angeles woman named Cynthia Beck. In the mid-'80s, Gordon decided that Getty Oil's stock was undervalued and forced a sale of the company to Texaco Corp.
With a major assist from Judge Newsom, Gordon then broke the trust into four portions. One went to his brother Paul, a reclusive drug addict now recovered. Another was assigned to the children of his elder brother George who died of a drug overdose in The third chunk went to the children of Ronald Getty a brother who had been disinherited by Daddy Getty in a fit of spite.
Gordon kept the fourth piece for himself. Getty Family Trust, managed by Newsom. Despite his and his wife's profligate lifestyle — flying to and from vacation spots around the world on their personal Boeing — it must be difficult to spend it all. Far from being the potty, absent-minded professor type, as the media often depicts him, Gordon Getty, 69, is one of the nation's leading venture capitalists.
He also is a well-known philanthropist. Though a Republican, he is a major fund-raiser for local and national Democratic Party candidates. John Kerry, a leading presidential contender, benefit from his patronage. But it is William Newsom — his boyhood friend — whom Getty relies on most, to protect and enhance his fortune. Newsom's grandfather immigrated to America from Ireland in His father, a building contractor, was an associate of San Francisco Democratic Party boss William Malone, who was overthrown in the s by Congressman Phil Burton and his brother John.
Pat Brown, who rose from San Francisco district attorney to become governor of California and father of a future governor , was close to Judge Newsom's father, also named William.
After graduating from the University of San Francisco, Newsom attended Stanford law school and was admitted to the California Bar in He did a stint as legal adviser to the Italian division of Getty Oil and worked as a tax attorney for the Gettys.
0コメント