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Sunday, January 15, 2006

Another Rags to Riches to Rags Story

From New York Newsday:

Seventh-generation du Pont says he's nearly broke

By SAMUEL MAULL
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.

[snip]

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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