Tag Archives: heir

Coca-Cola Heir Who Called Lawyer a ‘Fucktard’ Loses $7 Million Case


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Wine spat: Italy heir accuses Sting of slander, flat apology


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More Inside the Beverly Hills Estate of House of Bijan’s Heir


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Trump confirms death of Al-Qaeda heir Hamza bin Laden

Trump confirms death of Al-Qaeda heir Hamza bin LadenUS President Donald Trump on Saturday confirmed that Hamza bin Laden, the son and designated heir of Al-Qaeda founder Osama bin Laden, was killed in a counter-terrorism operation in the Afghanistan-Pakistan region. US media reported more than a month ago, citing intelligence officials, that the younger Bin Laden had been killed sometime in the last two years in an operation that involved the United States. Secretary of Defense Mark Esper said last month that it was “his understanding” that Bin Laden, who was thought to be about 30, was dead.



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Hedge-Fund Heir Found Guilty of Murdering Father After Allowance Was Cut

Hedge-Fund Heir Found Guilty of Murdering Father After Allowance Was CutThomas Gilbert Jr., the adult son of a successful New York City hedge-fund manager, has been found guilty of the 2015 murder of his father after an alleged dispute over his weekly allowance.The New York jury reportedly found him guilty of three out of four charges, including “second-degree murder and weapon possession charges.” Gilbert’s five-week trial had been delayed in the years since the murder in order to determine whether or not he was mentally fit to stand trial.After undergoing four mental evaluations, one of which came back inconclusive, Gilbert, now 34, was eventually deemed fit to stand trial. He declined to appear in person for much of the trial, but was present for closing arguments on Wednesday.According to the New York Post, he faces up to life in prison and is set to be sentenced on Aug. 9.Is This Hedge-Fund Heir Insane or a Stone-Cold Killer?On January 4, 2015, Thomas Gilbert Jr. unexpectedly arrived at his parents' posh apartment in Manhattan’s Turtle Bay neighborhood, just hours after his father had told him that he was slashing his weekly allowance to $ 300. He told his mother, Shelley Gilbert, that he needed “to talk business” with his dad, Thomas Gilbert Sr., a founding managing partner at Wainscott Capital, a lucrative New York hedge fund. He then sent his mother out of the apartment to fetch him a sandwich and a Coke. Gilbert allegedly knew his mom didn’t keep the soda in the apartment, so she would have to go out to get it—leaving him alone with his dad. When his mother returned, she found the elder Gilbert shot in the head with a gun on his chest. His left hand was on the handle, “as if someone wanted it to appear it was suicide,” Craig Ortner, an assistant district attorney with the Manhattan District Attorney’s Office, said during the trial. Surveillance video shows the younger Gilbert, wearing a hoodie and carrying a gym bag, enter and leave his parent’s apartment building within a 15-minute span.After Shelley Gilbert discovered her husband shot in their apartment, and her son nowhere to be found, she called 911.“My husband is, I think, dead,” she told the operator, audibly distraught. When the operator asked her who had shot her husband, Gilbert responded: “My son—who is nuts. But I didn’t know he was this nuts,” she said. “I had no idea he was this nuts.”Gilbert Jr.’s former therapist, Susan Evans, who saw him for several years before the shooting, testified during the trial that he suffered from paranoid thoughts that were “interfering” with his ability to function. In the months before the incident, Evans recommended that he be screened for paranoid schizophrenia. Other former doctors testified that they prescribed him antipsychotic medication, but Evans said that Tommy did not take the medications regularly.Prosecutors argued that while he may have had issues, none of the doctors who had treated Tommy over the years had ever recommended anything in addition to therapy and medication.The jury was tasked with deciding whether Gilbert was unable to distinguish right from wrong at the time he shot and killed his father, a fact that was not disputed by the defense. Clothes, Sponges Stained With Missing Mom Jennifer Dulos’ Blood Found in Trash Cans: PoliceBefore his father’s murder, Gilbert Jr. lived a comfortable life by any measure. He attended prep school in Manhattan, boarding school in Massachusetts, and graduated as a legacy from Princeton University. His psychological problems allegedly began after he graduated from college. According to Ortner, Gilbert spent most of his post-grad life in the Hamptons, “surfing, playing tennis, working out, and partying.” His parents paid the rent at his apartment in Manhattan’s expensive Chelsea neighborhood, took care of his car payments, auto insurance, and “even paid his parking tickets for him.” All on top of a whopping $ 1,000 per week allowance.In an attempt to make his son financially independent, the elder Gilbert began reducing his son’s weekly allowance in 2014. Around that same time, according to prosecutors, Gilbert Jr.’s computer history shows he began searching online for a hit man.The deposits first shrunk from $ 1,000 to $ 800, then to $ 600. Hours before he was killed, Gilbert Sr. cut his son’s allowance down to $ 300.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.



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How Saudi's Mohammed bin Salman went from promising reformer to tainted heir accused of plotting Khashoggi's murder

How Saudi's Mohammed bin Salman went from promising reformer to tainted heir accused of plotting Khashoggi's murderExactly a year ago, Mohammed bin Salman, the crown prince of Saudi Arabia, was on top of the world.  Or more specifically, he was on stage at the first “Davos in the Desert” investment summit in Riyadh, happily discussing his plans for a $ 500 billion (£385 billion) new Saudi mega city.  Western politicians and international business leaders flocked to hear the young prince describe his vision of a reformed Saudi economy and of a gentler society freed from the grip of hardline clerics.   Today, Crown Prince Mohammed at the centre of an international storm over allegations that he ordered the murder of Jamal Khashoggi in the Saudi consulate in Istanbul.  The same global elites who raced to Riyadh last year are nowhere to be seen this year. The conference hall at the Ritz-Carlton hotel remains packed but few of the attendees are from major US or European firms. The fall from international favour is the latest dramatic turn in the life of the 33-year-old heir to the throne, who has gone in a few short years from an unknown royal to one of the Middle East’s most powerful men.  Widely known by his initials “MBS”, Crown Prince Mohammed is one of the younger sons of the current monarch King Salman and a favourite among his 13 children.  King Salman is 82 and in declining mental health Credit: EPA/MAST IRHAM He has been groomed for leadership ever since King Salman took the throne in 2015, and unlike many of his siblings he was educated in Saudi Arabia not in the West. He was appointed defence minister at the age 29 but his authority has spread to almost all corners of the Saudi government, earning him the nickname “Mr Everything” from some foreign diplomats. His 82-year-old father is declining mentally and has handed his son broad powers over the economy. MBS has also been a driving force behind Saudi Arabia’s more aggressive foreign policy, including its disastrous bombing campaign in Yemen and the diplomatic effort to isolate Qatar.  In June last year, King Salman moved dramatically to re-order the Saudi line of succession and shift the direction of the kingdom’s future. He removed the serving crown prince, his 58-year-old nephew Mohammed bin Nayaf, and gave the title to MBS instead.  The decision overturned years of tradition in which the Saudi crown is passed sideways from brother-to-brother or cousin-to-cousin and instead set Saudi Arabia on a course where the son would inherit the father’s throne.  In 17 months since Crown Prince Mohammed was elevated, he has moved with unbridled aggression both at home and abroad, smashing what had previously been a slow-moving Saudi governing system based on consensus among the elite.   The crown prince imprisoned many of his rivals at the Ritz-Carlton Credit: REUTERS/Jonathan Ernst He pushed through high-profile social reforms, like allowing women to drive and re-opening cinemas, although he has done little to ease the guardianship laws which severely restrict the rights of female Saudi citizens.  Unlike his father, Crown Prince Mohammed has only one wife, a princess named Sara bint Mashoor. Little is known about her but the couple are believed to have four children.   In November last year, he announced an “anti-corruption” drive which saw Saudi police arrest many of his fellow princes and some of the kingdom’s leading business figures. Analysts saw the move as an effort to consolidate power and crush any potential rivals.  At the same time, Crown Prince Mohammed summoned Saad Hariri, the Lebanese prime minister, and effectively imprisoned him in Saudi Arabia and ordered him to resign his position in protest at Iran’s influence in Lebanon.    Mr Hariri was eventually freed and resumed his post after the intervention of France and other Western powers. But the crown prince did not pay any major price for flouting of international norms.  Saad Hariri was imprisoned in Riyadh and forced to resign his post Credit: (Future TV via AP) All the while, Saudi Arabia continued its three-year bombing campaign against Houthi rebels in Yemen. While human rights groups criticised the kingdom for the level of civilian casualties and for a devastating blockade that has fueled famine, MBS has retained the backing of the US and UK.  His support from Donald Trump, the US president, and his close relationship with Jared Kushner, the president’s son-in-law, has insulated him from opponents at home and abroad.  One of the key questions of the Khashoggi crisis is whether the White House will rethink the trust it has put in a man it sees as a dynamic reformer, a reliable opponent of Iran, and a potential lynchpin of a peace deal between Israelis and Palestinians.    Even if the White House stands by him, his international reputation has certainly been tarnished for the time being.  In the summer of 2018 he embarked on a high-profile tour of the US and met with Mark Zuckerberg of Facebook, Jeff Bezos of Amazon, and other leading figures from Hollywood and Silicon Valley.  Crown Prince Mohammed was once feted by international business leaders Credit: FAYEZ NURELDINE/AFP/Getty Images These same figures are unlikely to agree to another photo opportunity with the crown prince while Mr Khashoggi’s murder is fresh in the public mind, although they will likely quietly continue do business with the kingdom.  Crown Prince Mohammed is likely to keep a lower profile for the time being as he licks his wounds and reflects on Western leaders who have not stood by him. Expect the Kremlin to aggressively court the young leader and whisper to him that the US and Europe cannot be relied upon. 



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Samsung heir among business leaders joining South Korea's visit to Pyongyang

Samsung heir among business leaders joining South Korea's visit to PyongyangThe heir to the Samsung empire and the leaders of several other South Korean conglomerates will go to Pyongyang this week for an inter-Korean summit, Seoul announced Sunday. Samsung's Lee Jae-yong and the heads of the SK and LG groups will be part of President Moon Jae-in's delegation as he heads for a meeting with the North's leader Kim Jong-un, Moon's office said. Kim Yong-hwan, vice-chairman of Hyundai Motor Group – whose founder was a refugee from the North – will be among the entourage. Hyun Jeong-eun, chairwoman of the separate Hyundai Group which pioneered many cross-border economic projects, will also accompany Mr Moon. Ms Hyun met Kim's father Kim Jong-il several times. She was among the first South Koreans to meet the young leader when he assumed power following his father's death in 2011. Mr Moon, who favours dialogue with the North to nudge it toward denuclearisation, has advocated closer economic ties across the border, despite multiple sanctions on the North over its atomic weapons and ballistic missile programmes. North Korean leader Kim Jong Un, left, and South Korean President Moon Jae-in raise their hands after signing a joint statement in April 2018  Credit: Korea Summit Press Pool via AP, File He is set to fly to the North's capital Tuesday for a three-day summit with Kim – his third meeting this year with the young ruler of the isolated country. The delegation of about 200 includes top Seoul officials including its spy chief, foreign minister and defence chief as well as prominent figures in the economy, religion, culture and sports, Mr Moon's office said. Mr Lee is the de facto leader of the Samsung group, by far the South's biggest conglomerate, which includes Samsung Electronics – the world's largest maker of smartphones as well as memory chips. Other delegates include Archbishop Hyginus Kim Hee-jung of the Catholic church, a female ice hockey player who led the joint inter-Korean team which competed in the South's 2018 Winter Olympics, and K-pop star Ailee. US efforts to persuade the nuclear-armed North to disarm have been stalled for months after Kim and Donald Trump, the US president, vowed to denuclearize the peninsula at a landmark summit in June. Mr Moon, who was instrumental in brokering that meeting, is hoping to play the role of a mediator again this week. He is also expected to discuss several joint economic projects agreed during his first summit with Kim at the border truce village of Panmunjom in April.



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Samsung heir in South Korea's delegation to North: Seoul

Samsung heir in South Korea's delegation to North: SeoulThe heir to the Samsung empire and the leaders of several other South Korean conglomerates will go to Pyongyang this week for an inter-Korean summit, Seoul announced Sunday. Samsung’s Lee Jae-yong and the heads of the SK and LG groups will be part of President Moon Jae-in’s delegation as he heads for a meeting with the North’s leader Kim Jong Un, Moon’s office said. Kim Yong-hwan, vice-chairman of Hyundai Motor Group — whose founder was a refugee from the North — will be among the entourage.



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Hamza bin Laden: the heir to Al-Qaeda?

Hamza bin Laden: the heir to Al-Qaeda?A photo montage published by Al-Qaeda to mark the 16th anniversary of 9/11 shows the face of Osama bin Laden in the flames of the Twin Towers. At his side is his son Hamza, the “crown prince of jihad”. In a report published by the Combating Terrorism Center (CTC), former FBI special agent and Al-Qaeda specialist Ali Soufan wrote: “Now in his late 20s, Hamza is being prepared for a leadership role in the organisation his father founded.



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Jailed Samsung heir appeals against conviction

Jailed Samsung heir appeals against convictionLawyers for the jailed heir to the Samsung empire filed an appeal against his conviction on Monday as South Korean media divided on the ruling that put the country’s top business leader behind bars. Lee Jae-Yong, the de-facto head of Samsung Electronics, was found guilty last week of bribing South Korea’s ousted president Park Geun-Hye and sentenced to five years in prison. The official website of the Seoul Central District Court showed that Lee’s lawyer Kim Jong-Hoon filed an appeal on Monday but gave no further details.



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