How did Kluge make his money?

2015 America’s Richest Families NET WORTH John Kluge amassed his fortune trading broadcast and cellular properties; notable wins included a $2 billion sale of Metromedia TV stations to News Corp and Hearst in 1985, and a $1.3 billion cash-out for Metromedia’s stake in phone company WorldCom in 1995.

What was John Kluge worth?

#109 John Kluge Sold out to WorldCom for $1.3 billion. Became richest man in America 1989, lost title to Bill Gates 3 years later.

How much is Patricia Kluge worth?

With her nine-year marriage to the man with a net worth of $5.6 billion all but officially over, Patricia Kluge, 41, is reportedly receiving one of the largest divorce settlements in American history. The exact amount has not been disclosed, and some sources put it at a mere $1 million a year.

Where does Patricia Kluge live?

Former socialite Patricia Kluge has moved from Albemarle County to New York City. CHARLOTTESVILLE, Va. (AP) – Former socialite Patricia Kluge has moved from Albemarle County to New York City.

How did Patricia Kluge lose her money?

Mr. Kluge also agreed to pay her close to $1 million a year for life, those people said. But as the banks closed in, she sold off the rights to future payments for just $5 million, money that went to Farm Credit of Virginia, which was owed about $35 million, according to Bill Shmidheiser, a lawyer for the bank.

Who is the richest man in America in 1990?

By half decade

Year	Name
1990	John Kluge
1995	Bill Gates
2000
2005

Is Patricia Kluge broke?

But don’t count Kluge out just yet. As The New York Times reported in 2017, she ended up with $2.6 million after the bankruptcy (that’s broke by billionaire standards), and was back in business trying her hand in the high-end jewelry market.

Who owned Albemarle estate?

John Kluge
Albemarle House, though much newer, is similarly pedigreed. It was built 30 years ago by billionaire John Kluge. A media and entertainment mogul—he owned the Harlem Globetrotters and Ice Capades as well as an empire of TV and radio stations—Kluge was a king of 1980s New York right alongside The Donald.