Sound business decisions made it possible for Dick Clark to amass a huge fortune. Did he also leave a sound estate plan? Will there also be a huge estate tax bill? We’ll keep you posted. Meanwhile, here is some more info on his wealth:
When America’s oldest teenager passed away yesterday at the age of 82, he left more than legacy of music and television achievements. He left a huge fortune.
The former host of American Bandstand and TV’s Bloopers and Practical Jokes was a savvy businessman whose career spanned television, concerts, awards shows and radio.
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Dick Clark Productions went public in 1987. However, after growing frustrated with Wall Street, Clark allowed the company to be acquired for $140 million by an investment group led by Mosaic Media Group in 2002.
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Clark’s other holdings reportedly include millions of dollars of Malibu, Calif., real estate.
See the entire article at Investor Place.
photo credit: Alan Light
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