Sunday, January 15, 2006

Another Rags to Riches to Rags Story

From New York Newsday:

Seventh-generation du Pont says he's nearly broke

Associated Press Writer

January 13, 2006, 5:45 PM EST

NEW YORK -- Money may not buy happiness, but it will buy a place to live, something a seventh-generation du Pont says he needs.

Alexis I. du Pont de Bie, a direct descendant of the du Pont chemical fortune founder, says he is "destitute and homeless" because of the mismanagement of the part of the family fortune left to him.


De Bie says he is a direct seventh-generation descendant of Pierre Samuel du Pont de Nemours, who immigrated to the United States from France in 1799 and founded the company that bears his name.

[Read the whole story]

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