September 6, 2007
Hotel Mogul Leaves Billions to Charity
In what could well be one of the most generous bequests of the decade, Leona M. Helmsley has left much of her estate — worth billions of dollars — to a charitable trust.
Ms. Helmsley, head of the Helmsley Hotel Chain, died last month of heart failure. Her estate is estimated to be worth between $4-billion and $8-billion.
While she had a reputation among her hotel employees for having a terrifying temper, Ms. Helmsley apparently had a charitable side:
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