The kids of a billionaire real estate tycoon are suing their dad, claiming he’s refusing to hand over their rightful cut of the family fortune.
The three sons, Benjamin, 21, Jonathan, 20, and Matthew, 19, claim their father transferred interests from real estate properties “directly or indirectly” when they were young, prior to hisYet he’s now doing everything in his power to keep them away from the money, the papers in the Manhattan Supreme Court claim of their dad, who is the son of the late Abe Hirschfeld, the colourful parking lot magnate who owned“Now, with Elie estranged from his three children, who have all recently reached the...
“Elie has hidden these interests from his children and continues to cover up these interests in an effort to defraud the plaintiffs. Indeed, a note by Elie contains the following ‘[o]nly liability is kids may sue me later.’” Elie, 69, has allegedly refused to provide the trio with any information about their interests, related income and who’s been managing the various residential and commercial properties, which are located across Manhattan and New Jersey.
“Plaintiffs now have their voices and are determined to receive from their father what rightfully belongs to them,” the court papers read. The trio want various percentages of the real estate, plus access to a trust, in addition to the $US50 million in damages.“The most innocent explanation for these meritless claims, dating back over 10 years, is that my sons and their lawyer simply are misinformed,” said Elie. “Unfortunately, another likely explanation is that the claims are another in a series of legal battles related to the contentious divorce between me and my sons’ mother.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The $5 moisturiser behind an Aussie family’s fortuneWhen Zvonko Jordanov started his own tiny cosmetics company with just $10,000, he never imagined it would become a global smash hit.
Read more »
Bill Shorten given Winx-like odds to win election as Coalition fortunes collapsePunters have all but given up on Scott Morrison leading the Coalition to victory at the election, writes swrighteconomy auspol
Read more »
How a lost letter led to a $7 billion fortuneScott Farquhar, the co-founder of NASDAQ-listed software firm Atlassian, is one of Australia’s richest people — but he’s revealed how things could have been very different but for a letter getting lost in the post.
Read more »
Kylie Jenner named the youngest ever 'self-made' billionaire at age 21She surpasses Facebook co-founder and CEO Mark Zuckerberg, who was 23 when he reached the billion dollar-mark.
Read more »
Kylie Jenner beats Mark Zuckerberg to becomes youngest self-made billionaireLast year, Kylie Cosmetics did an estimated $508 million in sales, according to Forbes, and Ms Jenner owns 100 per cent of the company.
Read more »
Kylie Jenner becomes youngest self-made billionaireIt’s official: KylieJenner, 21, is now the youngest self-made billionaire ever.
Read more »
Is Kylie Jenner really a 'self-made' billionaire?Benjamin Franklin, Oprah Winfrey, Mark Zuckerberg and Kylie Jenner. Aside from being some of the world's most recognisable names, these people share something else in common.
Read more »
Ehud Arye Laniado: Billionaire dies during penis enlargement surgeryA billionaire diamond trader has died during a penis enlargement operation at a posh Parisian clinic, it was reported.
Read more »
NY billionaire defends 13m-high portrait with new bride after '$2 billion divorce'Harry Macklowe says he hung a banner featuring himself and Patricia Landeau on the side of the Manhattan building he owns as a proclamation of love.
Read more »