Gloria Vanderbilt net worth
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What is the net worth of Gloria Vanderbilt?
Gloria Vanderbilt (Gloria Vanderbilt) is an American socialite, fashion designer, actor, writer and entrepreneur. Gloria is a member of the respected Vanderbilt family. Although she can easily have wealth and connections, and lead a lazy social life, Gloria started to be very successful as a fashion designer and artist. career.
Full disclosure/correction: It turns out that the net worth figure we listed for Gloria before her death was grossly overestimated. In the book “Vanderbilt: The Rise and Fall of the American Dynasty” published in 2021, Anderson Cooper (Gloria’s son) revealed that she had spent or lost most of her fortune in her life, and that she had not left. Any meaningful legacy. Vanderbilt’s wealth. Anderson revealed that Gloria inherited wealth, lost wealth, inherited more wealth, and then lost again. She had a bad business transaction and encountered tax problems. He also claimed that Gloria was betrayed by a husband, a psychiatrist and a lawyer.
Gloria’s father died when she was a baby. He was the last male heir to Vanderbilt’s fortune and left his entire estate of $5 million to his daughter in 1925. After adjusting for inflation, this is the same as approximately $70 million. Gloria’s mother and aunt fought over her custody and alleged control of the trust fund. Her aunt, the founder of the Whitney Museum, eventually won custody.
After achieving some early success as an artist, Vanderbilt lent her name to a series of designer jeans and perfumes, which are sold in high-end department stores around the world. Her fashion career reached its peak in the 1980s. In 1980 alone, she personally earned US$10 million in royalties from jeans, which is the same as today’s approximately US$30 million after adjusting for inflation.
Once, Gloria gave her psychiatrist Dr. Christ Zois and her lawyer Thomas Andrews a power of attorney. In 1993, she sued them, claiming that they stole millions of dollars from her and sold her business interests without consulting her. When the court ruled in favor of Vanderbilt, Andrews had passed away. She received a prize of 1.79 million US dollars, but never received a cent. The New York Bar Association later rewarded her with $300,000 from the Fraud Victims Fund. Andrews has also failed to pay Gloria’s taxes for several years, causing her to accumulate $2.5 million in IRS bills. According to reports, she had to sell some houses to pay off her debts.
Decades later, she claimed that she made far more money from selling jeans than inheriting her inheritance. Regarding her fashion wealth and inherited wealth, Gloria has a famous saying:
“Your own money is the only kind of money that has practical meaning.“
Vanderbilt has published six memoirs, three novels and two art and home decoration books. She and her son, CNN anchor Anderson Cooper (Anderson Cooper) co-authored the 2016 book “Rainbows Come and Go: About Life, Love, and the Lost Mother and Child,” and they became the subject of the HBO documentary “Nothing” that year. Unexplained: Gloria Vanderbilt and Anderson Cooper. “
Vanderbilt family wealth
Gloria’s father Reginald Kleipel Vanderbilt is the great-grandson of Brigadier General Cornelius Vanderbilt. After adjusting for inflation, Cornelius Vanderbilt is one of the richest Americans ever. When he died, Cornelius’ net worth was equivalent to US$185 billion. Cornelius won his first fortune in the shipping industry, but he later gained great wealth from railroads and real estate.
Cornelius’ son William Henry inherited most of the family’s wealth and business interests after his father’s death. William doubled the family wealth in ten years before his death at 64 in 1885.
Unfortunately, William Henry was the last Vanderbilt to improve family wealth in a meaningful way. Since then, most descendants have simply spent their inheritance. According to legend, in 1973, the Vanderbilt family held a reunion. Of the approximately 120 attendees, none were millionaires.
early life
Gloria Vanderbilt, formerly known as Gloria Laura Vanderbilt, was born on February 20, 1924 in New York City. Her father, railway heir Reginald Claypoole Vanderbilt, died of cirrhosis when Gloria was 18 months old, so she was raised by her mother Gloria Morgan Vanderbilt (she is Reginald’s second wife) and her nanny Emma Sullivan Kieslich big. Vanderbilt and her half-sister Catherine each inherited half of the US$5 million trust fund (equivalent to today’s US$70 million) after their father’s death, while Don Gloria was still a minor At that time, her mother controlled her share. Although Vanderbilt was baptized in the Anglican Church, after Reginald’s death, her mother raised her in the Catholic Church. When Gloria was young, she often went to Paris with her mother, Kislich, and her twin sister, Thelma Furness, who was the mistress of the Prince of Wales.
Vanderbilt’s aunt, Gertrude Vanderbilt Whitney, believed that Gloria’s mother was an incompetent parent and took her to court in 1934 in an attempt to obtain custody of the 10-year-old girl. Gertrude obtained custody of Gloria, and the custody battle was published in 1980 in “Little Gloria…Finally Happy” (written by Barbara Goldsmith) and Immortal in the 1982 NBC miniseries of the same name. Vanderbilt’s mother was only allowed to visit her on weekends and was no longer in charge of her daughter’s trust fund. After losing custody, Gloria’s mother was still able to get $21,000 from the trust fund each year, but after Vanderbilt grew up to control herself, she severed her relationship with her mother. Gloria attended Greenville School (Long Island, New York), Miss Potter School (Farmington, Connecticut), Wheeler School (Providence, Rhode Island), and Art Students League (New York City).
(Photo by Robin Marchant/Getty Images)
Profession
Vanderbilt has been a model since he was a teenager and appeared in “Harper’s Bazaar” magazine when he was 15. From the mid-1950s to the early 1960s, she was engaged in acting career, studying with Sanford Meissner in the neighborhood theater, and in 1954 she debuted on the stage of “Swan” produced by Pocono Theater. Gloria played Elsie in the 1955 “Time in Your Life” replay, and in 1957 she appeared in the TV series “Hollywood Studio One”. Vanderbilt also guest-starred in “Adventure in Paradise” (1960) and “Shirley Temple” Storybook: House of Seven Gables (1960) and appeared in the live TV series “Kraft Theater” (1958) And “American Steel Hour” (1958). In 1981, she guest starred in two episodes of “The Boat of Love”.
In 1976, when Glentex licensed some of her paintings for a series of fashionable scarves, Gloria turned her attention to the fashion world. That year, she founded a ready-to-wear fashion company called GV Ltd., and later she collaborated with designer Mohan Murjani to create designer jeans with the Vanderbilt logo on the back pocket. In 1978, she sold the copyright under her name to Murjani Group and began to sell shoes, dresses, bedding, shirts, etc. under the GV Ltd banner. From 1982 to 2002, L’Oréal released eight perfumes under the name of Gloria Vanderbilt.
Gloria is passionate about art and has held her painting exhibitions since 1948. Her work was licensed by Hallmark Cards and textile manufacturer Bloomcraft, and she began creating art for glassware, pottery, and linen. Vanderbilt held art exhibitions at the Southern Vermont Art Center in 2001 and 2007, and in 2007 she was a panelist for the center’s annual fall exhibition. In 2014, to celebrate her 90th birthday, Gloria’s art collection was exhibited at the 1stdibs Gallery in the New York Design Center. Vanderbilt wrote articles for Vanity Fair, Elle and The New York Times on a specific period. She also published several books, including Gloria Vanderbilt Collage Book (1970), Yong Never Say Goodbye: Novels (1989), “Mother’s Story” (1995) and “It seemed important at the time: Romantic Memoirs” (2004).
personal life
Gloria, who was only 17 years old, married the Hollywood agent/allegedly gangster Pat Disico on December 28, 1941. They divorced less than four years after they were married. Vanderbilt later revealed that Disico called her “Fatsy Roo” and abused her, saying, “He would hit my head against the wall…I have black eyes. Gloria married Leopold Stokowski, a conductor 42 years older than her, on April 21, 1945. Before their divorce in 1955, they were married on August 22, 1950 and 1952. On January 31st we welcomed the sons Leopold (better known as Stan) and Christopher, respectively. Vanderbilt was also the stepmother of three daughters from Stokowski’s two previous marriages. Next, Gloria married director Sidney Lumet on August 28, 1956, and divorced in 1963. On December 24, 1963, she married her fourth husband, writer Wyatt Emory Cooper. They had two children, Carter (born January 27, 1965) and Anderson (born June 1967). March 3). After growing up, Anderson became a CNN news anchor and the host of the show “Anderson Cooper 360”, but in 1988, Carter unfortunately committed suicide at the age of 23. According to reports, he was taking prescription drugs that caused a psychotic episode, which caused him to fail. Family 14-story penthouse. Sadly, Vanderbilt lost Wyatt in 1978 after his death in open heart surgery. Gloria later established a long-term relationship with filmmaker/photographer Gordon Parks until his death in 2006. According to reports, she had a relationship with Frank Sinatra, Marlon Brando, and Roald Sinatra. Dahl is dating Howard Hughes.
Death and inheritance
On June 17, 2019, Vanderbilt died of stomach cancer at his Manhattan home at the age of 95. She was buried with her late husband Wyatt and her son Carter in the Vanderbilt Mausoleum in Moravia Cemetery on Staten Island. Although her son Anderson said in an interview: “My mother made it clear to me that there is no trust fund”, but Gloria left most of his property to him. Anderson also inherited all the property owned by his mother, except for the Manhattan co-op (worth $1.2 million) left to her eldest son Stan. The remaining son, Chris, is estranged from Vanderbilt and left out of his will.
