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American tycoon's fortune to be divided up after 92 years

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This guy really didn't like his family.

The $100 million (£60 million) fortune of an American timber and iron tycoon, which has been out of reach for the past 92 years due to the terms of his will, is finally to be divided between his descendants. 

When Wellington Burt died in 1919 at the age of 87, in Saginaw, Michigan, he ordered that the majority of his fortune not be distributed until 21 years after the death of his last surviving grandchild.

The unusual arrangement has been attributed to family feuds and to the eccentricity of Mr Burt, who was once among America's 10 richest men, but no one has been able to say conclusively why he chose it. 

The story is from early this year but stories like this can live on forever and be a model for all rich folks to come.  Of course the moral of the story, be nice to your elders.

Check out the link below for the full story.

Related Web URL: http://www.telegraph.co.uk/news/newstopics/howabou...