Related: dontdiewondering.com/heirs-w…
A golf club bought for about $54m could, by Forbes' estimate, produce a tax deduction of up to $825m. Nobody has to build anything.
The club is Trump National in Jupiter, Florida. Trump bought it in 2012 for $5m plus about $49m in liabilities. Forbes puts its worth as a working golf course at about $120m.
The third number is hypothetical: what the land would fetch as building plots. Forbes puts the land beneath the mansions around the course at an average of $5.9m an acre. The gap between the second and third figures is where a conservation easement lives.
The rule is old and legal. A landowner who donates a promise not to develop to a qualifying land trust can claim the land's value before the promise, less its value after, as a charitable deduction. It needs a qualified appraisal and a genuine conservation purpose. Courts have accepted golf-course easements that meet the tests.
In September 2025, staff from an environmental nonprofit spent three days at Jupiter counting bird species, recording bat calls and cataloguing plants. The result was a 180-page report arguing the course was natural habitat worth protecting.
In December 2025, the Trump Organization donated the development rights to the Barn Group Land Trust and kept the club. The course, the clubhouse and the name on the gates stayed put. What left was the right to carve the fairways into house lots.
Forbes published its investigation on 19 October 2026. It studied similar deals, spoke to eight industry experts, and applied the 74% average from Trump's four earlier easements to Jupiter's acreage. The answer: as much as $825m, give or take a couple hundred million. At the top of that range, roughly fifteen times what the club cost.
The caveats matter. Trump's return is not public. A deduction reduces taxable income, which is less than cutting the tax bill dollar for dollar. Several retellings slid from "could write off" to "saved", which Forbes never said.
Across five easements since 2005, Forbes says, more than $1bn of income could be sheltered and an estimated $450m of tax saved.
Someone in Jupiter spent three days finding out whether the rough counts as wildlife habitat. Forbes prices the answer at up to $825m.
The bat survey, the easement and the estimate. The full story: dontdiewondering.com/donald-…
Forbes once put the Hermès heir Nicolas Puech at $15.6bn. Forbes, Hermès and Puech's own lawyers now all treat the shares behind that figure as gone.
Search his net worth and the internet still offers a number between $11bn and $16bn, mostly written in 2023 and 2024. They were sensible figures when published. But in 2024 his lawyers told a Geneva court that he no longer owns the shares that produced them.
Hermès once cited signed declarations that he held 5.8 per cent of its capital, or 6.08 million shares. He resigned from the supervisory board in August 2014. When relatives led by his brother Bertrand pooled their shares to repel LVMH, he kept his out. In a family company, abstaining counts as a vote.
His money sat with Éric Freymond, a Geneva wealth manager who ran two Swiss accounts holding the Hermès stock from 1998 to 2022. Puech cut ties in 2022 and said he then discovered the shares had gone. Three complaints followed. On 12 July 2024 the Geneva appeals court found no evidence of mismanagement and dismissed all three. Puech did not appeal. Freymond, who denied all wrongdoing, died in July 2025, aged 67.
Forbes ranked Puech 162nd in the world in December 2023, at $11.5bn. By December 2025 it had named him the year's biggest faller and removed him from the list. On 30 July 2025 Axel Dumas, Hermès's executive chairman, said he believed Puech no longer held the shares and that Hermès had started legal proceedings.
Puech's own account, as Forbes describes it, is that his late adviser sold the stock without his knowledge to Bernard Arnault and LVMH, both of which deny it. He has sued them in Paris, seeking about €14bn. Separately, Honor America Capital sued him in Washington for more than $1.3bn, accusing him of failing to deliver shares under a sale agreement. His lawyer says he played no role in any sale.
A buyer suing a man for failing to deliver shares the man says he cannot find has, at the very least, a certain symmetry.
The arithmetic is still available. At the €1,238.50 close on 23 October 2026, 6.08 million shares would be worth about €7.53bn. At January's high of €2,300, almost €14bn. Shares he says he cannot find lost about 46 per cent of their value in nine months.
The largest number attached to Nicolas Puech in 2026 is the €14bn he is seeking in Paris. No court has yet said whether he will see any of it.
Nicolas Puech's net worth in 2026 is a hypothetical. The full story: dontdiewondering.com/nicolas…
The internet puts Gianluca Vacchi's net worth at $200m. He says a single 13.2% stake in the family firm sold for more than €700m.
The two figures cannot be subtracted. One is in dollars and claims to be a net worth. The other is in euros and is a gross sale price, before tax, with part of it paid later.
The firm is IMA, founded in 1961, which makes packaging and processing machinery for the pharmaceutical, food, cosmetics and e-mobility industries. Its controlling shareholder was SOFIMA, the Vacchi family holding company. His cousin Alberto runs it. Gianluca told Il Resto del Carlino he left after 30 years.
BC Partners took IMA private on 10 February 2021, putting in €911m at an enterprise value of €3.5bn, a deal negotiated during Covid-19. In July 2023 it agreed to sell to BDT & MSD Partners at an enterprise value of €6.9bn, a 2.4 times return on its money. The family kept majority ownership.
On those figures, the company the family half-sold during a pandemic was worth roughly twice as much two and a half years later.
In January 2024 Vacchi gave his own number. "I don't usually talk figures, but I am a transparent person." The first tranche was paid at once. The rest was due "after a few years".
So why $200m? Celebrity Net Worth gives that figure and mentions the sale on the same page without moving the headline. Other sites say $150m, $300m, $450m. None cites a filing. An estimate that never changes is usually a quotation of an earlier estimate.
Much is still unreported: who bought the stake, what the tax bill was, what the second tranche is worth. His kebab chain, Kebhouze, lost €2m in 2022, which is a rounding error against an IMA payout. In 2020 he paid $24.5m for a house in Miami Beach.
Nobody has reported whether the second tranche has arrived.
Every figure, sourced and kept apart. The full story: dontdiewondering.com/gianluc…
No serious outlet has published a net worth for the Earl of Devon, who owns a Grade I castle on the Exe.
Charles Courtenay, 19th Earl of Devon, was born in 1975 and succeeded his father Hugh in 2015. Nobody has published a valuation of Powderham Castle, its contents or its collection either. So the sum has to be done from the outside in, the way a land agent would do it.
Start with the acres. Powderham's own wedding listing says the castle is surrounded by 3,500 acres. The Daily Mail called him heir to 4,000. The firmest measure comes from Historic England: about 250 hectares of registered park and garden on the Exe Estuary. Neither family figure is official.
Ownership is hazier still. DiCamillo's Companion says Powderham is personally owned by the Earl, under an "Individual / Family Trust" arrangement. That is a guidebook's summary, not a legal record.
The income is the familiar English kind: weddings, children's parties, corporate events, a farm shop, a deer park. Powderham puts its headcount at 11 to 50 employees, a self-declared range rather than a payroll.
The best fact is a sale in which nothing left the building. In 1987 two bookcases by John Channon were sold through Christie's to the V&A for £465,000. They remain at Powderham. The museum owns the furniture, and the castle keeps the view.
The rest is on the record. His first wife is AJ Langer, the American actress from Baywatch. He filed for divorce in Los Angeles in November 2023, and in March 2026 Peerage News announced his engagement to Jemima Hannon. In the Lords he argued that if the Crown could move to gender-neutral succession in 2013, the peerage could too. Yet his son Jack is listed as heir apparent, though Joscelyn is the elder child.
Then the Hereditary Peers Act abolished the 92 inherited seats, the "pending abolition" he had predicted. The seat went. The title did not. A Lords seat was never a line on a balance sheet.
Whoever eventually signs for the 3,500 acres, or the 4,000, will be named in documents nobody has yet made public.
The Earl of Devon's fortune, as far as it can be known.
The full story: dontdiewondering.com/charles…
Tyler Perry has bought a $30M mansion in Puerto Rico ahead of his planned move there in 2027, according to reports.
📸 PhilipRomanoPhoto / Wikimedia Commons
Full story: dontdiewondering.com/tyler-p…
India's largest share sale closed on Akash Ambani's 35th birthday. Less than 3% of Jio was actually up for sale.
Akash was born on 23 October 1991, twin to Isha. Both joined Reliance boards in 2014. His seat was at Reliance Jio Infocomm, which had not yet switched on for paying customers.
Jio launched commercially in 2016. In August 2019 his father promised it a separate listing within five years, which set the deadline at August 2024.
Then came 2020. Reuters says Meta joined Google and other investors in putting 1.52 trillion rupees, then $20.5bn, into the company. Google paid ₹33,737 crore for 7.73%. Reports of the draft prospectus put Meta's affiliate at 9.98%.
In June 2022 Mukesh resigned as a director of Reliance Jio Infocomm and Akash became chairman. Mukesh kept the chair of Jio Platforms, the holding company above it, where Akash is managing director. Reuters says the move was widely seen as succession planning. Isha leads Reliance Retail. Anant sits on two Reliance energy boards. Three plausible candidates, no announcement.
The deadline came and went. Jio filed its draft prospectus with SEBI on 19 June 2026: a fresh issue, no offer for sale, so no existing shareholder sells a single share. Up to ₹27,500 crore of the proceeds is earmarked to repay borrowings at Reliance Jio Infocomm, the subsidiary Akash chairs.
At the investor event, Akash led the pitch and Isha shared the stage. Their father, according to Reuters, skipped it. "I'm here as a representative of the entire company," Akash said.
Bidding opened on Wednesday 21 October. The $3.2bn issue was fully subscribed in under two hours. The offer values Jio at up to $108.3bn, and roughly 97% of the company stays exactly where it was.
One figure deserves a second look. Jio made about $3.2bn in profit on roughly $15.5bn of revenue in the year to March. The largest share sale in Indian history raised about what the company earns in a year.
The prospectus opens with "We are a technology platform." Telecoms still brings in nearly 90% of the revenue. Akash's own summary: "There is no either-or at Jio: the network is our technology."
From a 2014 board seat to the IPO stage.
The full story: dontdiewondering.com/akash-a…
Prince William says that in the photograph that made Taylor Swift and Travis Kelce Instagram official, he was trying to move Kelce out of the shot.
The picture dates from 21 June 2024: the first night of the Eras Tour at Wembley, and William's 42nd birthday. He brought his two eldest children. Swift and Kelce were both 34.
Two photographs came out of the evening. Kensington Palace posted one, with Swift in a sparkling pinstripe suit taking the selfie. Swift posted another, of herself with the royals and Kelce, captioned "Happy Bday M8! London shows are off to a splendid start." The palace and the pop star each published the version that suited them.
The next morning she put her photograph on her verified Instagram. CNN reported it was the first photo of Kelce she had shared to her main feed. She had posted footage of him in February, and the relationship had been public since a Chiefs game the previous September, so the qualifier matters. Nine months from first sighting to the main grid, and when it came, a prince was in the frame.
William and Swift go back further than Kelce does. On 26 November 2013, at the Centrepoint Winter Whites Gala at Kensington Palace, Swift, Jon Bon Jovi and the prince sang on stage together, according to WWD.
Kelce took the royal cameo gracefully. On his podcast New Heights he told listeners, "We met royalty."
On 26 August 2025 the couple announced their engagement, and that post passed 37 million likes. They married on 3 July 2026 at Madison Square Garden. Hours before the wedding, New Heights released an episode with William, who talked for about 30 minutes about football, the Eras Tour and the World Cup. Asked about the King's enthusiasm for the game, he said, "My father hates football."
Then, on 23 October 2026, he sat down with Graham Norton on BBC One. Asked whether he had known the significance of Taylor's post, he said he hadn't appreciated it. "I was trying to move him out of the photo!" he said. "Travis kept coming back in, and I couldn't work out why he kept coming back in!"
The audience laughed in shock.
It is a very good joke, and it fits the last 13 years. A man who has spent his adult life as the fixed point in other people's photographs finally met someone determined to stay in his.
Kelce had not yet responded publicly. He hardly needs to. The photograph is on his wife's Instagram, and he is still in it.
A prince, a selfie and a persistent tight end. The full story: dontdiewondering.com/prince-…
Bernard Baruch started on Wall Street in 1891 as a $5-a-week runner. At 32, he wrote, he had $100,000 for every year of his age, in cash.
He began by losing $8,000 of his father's money on speculation.
A $60,000 win in a sugar stock paid for a seat on the New York Stock Exchange, at $19,000.
Selling Amalgamated Copper short, Time reported, cleared him about $700,000. In 1916 he made nearly half a million selling U.S. Steel short in a peace scare.
Time put his fortune at its peak at about $25 million. He laughed when people called him the third or fourth richest man in America.
He saw 1929 coming and sold a large part of his investments in advance.
Watch the Universal Newsreel of 21 June 1965, made when he died: the park bench he was known for, and the company he kept.
He died in Manhattan that June, two months short of his 95th birthday.
$5 a week in 1891. About $25 million at the peak. Out before the crash.
Another fortune that sold before a crash: the Goldsmiths, figure by figure: dontdiewondering.com/goldsmi…
Hubert Perrodo built Perenco on an offshore field in Gabon that Amoco no longer wanted. He had founded the drilling company Techfor in 1981 and sold it in 1992 to buy oil and gas interests outright. The model held: take over mature fields the majors consider marginal and keep them producing. Perenco now reports gross output above 510,000 barrels of oil equivalent a day across 14 countries, and according to Forbes it is owned by his widow and three children. Forbes and Bloomberg sit $2.7 billion apart on what that is worth.
Full story: dontdiewondering.com/perrodo…
