Quite a while ago, I pondered in another post what I might do if I should win a lot of money in the lottery. I thought about it quite a bit and came up with the usual answers like new home, new car, holiday homes and so on. Maybe a new laptop or stand-alone PC. The fact is, not being used to money and not having particularly expensive tastes I probably wouldn’t have much of a clue. At home I have a whole lot of collectable things, model cars, antique telephones, books and DVDs so I could easily find myself being like the character in the film Citizen Kane, buying lots of things and having them stored somewhere. Would I be affected by a big win? I can see the headlines now: Northern Lottery winner says his 32-million-pound win won’t affect him. But of course, that wouldn’t necessarily be true. How did big money affect others? Let’s take a look at three multi-millionaires.
Once upon a time Howard Hughes was the richest man in the world. In today’s society being the richest man requires some serious wealth and Howard Hughes ticked all the financial boxes you can think of. He inherited his father’s tool company when he was very young. Too young in fact to take control but he found a law that said if he could prove he was capable of running the company then he could take control. He proved he could and did just that, took control. His father had designed a tool bit that was essential to America’s oil industry but instead of selling the drill bit he patented it and then rented it out. Howard Hughes though had other ambitions that did not involve oil or drilling but the profits from the Hughes’ Tool Company were vital for his ambitions in aviation and the movies.
Hughes combined those two interests in making the WW1 movie ‘Hell’s Angels’ about fighter pilots and for the shoot he assembled the largest private air force in the world. Towards the end of the shooting, sound pictures made their appearance so what did Howard do? He re shot the entire film with sound equipment!
Another movie Hughes made that is famous, or perhaps infamous, was the 1943 Movie ‘Outlaw’ starring Jane Russell. Hughes appeared to be obsessed with Jane’s breasts, even to the extent of designing a new bra for her and re shooting a famous close up of her time after time. Hughes clearly had some psychological issues; he was a compulsive, obsessive man. He usually had the same meal when he went out with one of the many starlets he courted. Jane Greer recounted in a TV interview how Hughes would eat things in the same order, the peas first, then the potatoes and finally the meat. Once when they dined Hughes came back to the table and Jane noticed his shirt was wet. Hughes had spilt something onto his shirt so he washed the shirt in the men’s room, rinsed and squeezed it out, then put it back on.
In the 1940’s, Hughes designed and built a prototype large transport aircraft for the US military. The aircraft, nicknamed the ‘Spruce Goose,’ was made entirely of wood due to wartime restrictions on aluminium and was not completed until 1947 after the war was over. Hughes was called to testify about the project before a senate committee investigating his use of government funds. The investigation distressed Hughes enormously and led to his retreat from the public eye.
As his mental health deteriorated, Hughes retreated into a world of blacked out penthouse suites and midnight telephone calls to his army of assistants, some of whom were private investigators keeping close tabs on anyone Hughes had an interest in, particularly starlets he had signed to personal contracts and his girlfriends like Katherine Hepburn or Jean Peters whom he later married.
The incredible thing is despite his illness, he and his company produced aircraft for the US government, including the ‘Spruce Goose’ mentioned above, many of which he test flew himself. However, in July, 1946, Hughes crashed while testing his XF11 reconnaissance plane. The aircraft crashed in Beverly Hills and Hughes was seriously injured. He survived but remained addicted to morphine for the rest of his life. His company also produced the Glomar Explorer, an undersea recovery craft for the CIA and it was part of a plan to raise a sunken Soviet nuclear sub in an effort to learn the USSR’s nuclear secrets
If you want to know more about Howard Hughes my favourite movie about him is not the Aviator, the Scorcese/ Di Caprio movie, good though it is, but an old TV mini-series based on a book by Noah Dietrich, ‘Howard, The Amazing Mr Hughes.’ Tommy Lee Jones gives a great performance as Hughes in the film.
Noah Dietrich was once Hughes’ chief executive and financial advisor. He resigned after becoming more and more unhappy with Hughes’ bizarre behaviour. In later years Bob Maheau, a former FBI man employed by Howard, experienced much the same thing; numerous obsessive memos, midnight phone calls and so on.
Hughes died in 1976, cocooned from the world by morphine and the close attention of his Mormon aides. Despite his wealth Hughes was emaciated and underfed, addicted to drugs which his aides rationed in order for them to manipulate him. Surely, final proof that money is not everything.
Maxwell was born Ján Ludvík Hyman Binyamin Hoch in 1923 in Czechoslovakia. He escaped to France before the Nazi invasion and joined the Czechoslovakian army. After the fall of France he was attached to a British unit and fought in the allied invasion achieving the rank of captain and winning the Military cross. Maxwell was Jewish and lost his family in the Nazi holocaust. He became a UK citizen after the war and changed his name to Robert Maxwell. Using his contacts in the allied occupation, he became the British and US distributer for a series of scientific books and after acquiring a major share in the Permagon Press, built it up into a major publishing house.
Maxwell served as a British MP for a while but after losing his seat he carried on building his business empire. He bought various other companies, one of them becoming the Maxwell Communications Corporation, Later he bought the Mirror Newspapers Group in the UK and various other companies in the USA. In 1991 he bought the New York Daily News.
As well as his business activities, Maxwell was rumoured to have links with British intelligence and the Israeli Secret Service, Mossad. Maxwell denied all these claims although at his funeral many serving and former heads of the Mossad were in attendance.
In his later life he seemed to cut a sad figure. An old BBC documentary I watched recently claimed he had developed an obsession with a female assistant who later left his employ.
Beset by legal troubles he missed a meeting with the bank of England over his default on a 50-million-pound loan and instead sailed in his yacht, the Lady Ghislane to the Canary Islands. He was alone on his yacht apart from the crew. The BBC documentary showed him visiting the islands on an earlier trip and dining alone.
On the 5th November 1991 he was found to be missing from the yacht and his body was later found floating in the ocean. It was speculated that while urinating over the side of the ship as he frequently did, he suffered a heart attack and fell overboard.
After his death Maxwell’s companies collapsed owing huge amounts of money. It was also revealed that Maxwell had tried to save the impending collapse by secretly using hundreds of millions of pounds from his companies’ pension funds.
Maxwell was buried on the Mount of Olives in Israel and his funeral there was attended by the Israeli Prime Minister, various serving and former heads of Israeli intelligence and by many dignitaries and politicians.
His daughter, Ghislaine was recently in the news due to her involvement with Jeffrey Epstein and a sex trafficking scandal. She was arrested in July 2020 and is still in custody awaiting trial.
J Paul Getty.
J Paul Getty also had the dubious honour, like Howard Hughes, of being at one time the richest man in the world. I became interested in Getty after watching the Ridley Scott film All the Money in the World. It’s about the kidnapping of J Paul Getty III which I remember quite vividly from the news in 1973. Getty’s grandson was kidnapped in Italy and the kidnappers made a demand of 17 million dollars for his release.
J Paul Getty’s father was in the oil business and gave his son $10,000 to invest when he was 22. The young Getty invested the money wisely in a new oilfield and made a great deal of money. In the coming years Getty bought more and more oil companies and expanded into the middle east where his talent for languages helped enormously.
He was married and divorced numerous times and owned property all over the world including a mansion in the UK. In his fourth marriage he produced a son, J Paul Getty Jr who became the father of J Paul Getty III who was kidnapped.
In the film, and I’m not sure how true to life it was, J Paul Getty III is living the life of a hippy in Italy. He has mentioned to various people the thought of a fake kidnapping as an idea to raise money from his grandfather. He is then kidnapped for real but an investigator for Getty thinks the kidnapping might be a fake and so Getty declines to pay the ransom. After the kidnappers cut off his grandson’s ear and send it to the newspapers, Getty decides to pay but only after knocking the price down to 3 million dollars. Even then, he only pays 2.2 million (a figure that was apparently tax deductible) and loans the remainder to his son at 4% interest. Finally, the grandson, minus one ear was released.
What is quite interesting about the film, and actually this has nothing to do with millionaires and tycoons, is that Kevin Spacey originally played the part of J Paul Getty but after allegations against Spacey regarding sexual advances towards a young boy of 14, Spacey was cut out of the film and substituted with Christopher Plummer.
Getty was a major art collector although he always tried to buy at knock down prices. He was a notorious tightwad (nice to know I have something in common with a multi-millionaire). In his mansion Sutton Place in Surrey, England, he installed a payphone for guests to make personal calls. He did his own laundry by hand and always replied to letters by writing back on the reverse of the letter he had received in order to save on stationary.
Getty died in 1976 at the age of 83.
J Paul Getty III was traumatised by his abduction. He suffered from drug and alcohol addiction in the years after his release and in 1981 suffered a stroke brought on by taking a cocktail of drugs and alcohol. The stroke left him severely disabled for the rest of his life. He died at the age of 54 after a long illness.
Spend, Spend, Spend.
In 1961 a woman called Viv Nicholson and her husband won a huge prize on the football pools declaring to the press that they would spend spend spend! The couple won £152,000 equivalent to just under three and a half million pounds today.
Viv and her husband grew up in extreme poverty and true to their word they went on spending sprees involving clothes, sports cars, holidays and anything they could think of. Viv later said she seemed to be almost addicted to spending. Things went sour when her husband was killed in a car crash and all that they owned was deemed to belong to his estate. She had to sue to get a share of their purchases but her uncontrolled spending soon emptied her financial coffers.
Viv married again but eventually ended up a penniless alcoholic. In later life she wrote an autobiography called Spend, Spend, Spend. It was made into a remarkable BBC film written by playright Jack Rosenthal. I went on YouTube to look for a clip to show you and there wasn’t one but I did see that the book had been made into a musical starring Barbara Dickson. Some stories seem to just have a life of their own.
Looks like big money didn’t guarantee a great life for the three tycoons or the pools winner above. Still, I wouldn’t say no to a big cash win. Ages ago in another post I wrote this about my first lottery win:
When the lottery first began I would spend Saturday night glued to the lottery programme just checking my numbers. (Sad or desperate, I don’t know which.) I’d decided to use numbers of houses I’d lived at, and one evening I was getting ready to go out, getting changed in front of the TV just in case and the first number came up; number 1. Great, give my ticket a little tick. Second number: number 4, whay, another little tick. Third number; number 28. Whoa! A slight sweat beginning to break out on my forehead, a third tick on my lottery ticket. Fourth number, number 38! Oh my God! Four in a row! Heart rate increasing, a nervous tension beginning, starting to breathe faster and faster! Then the fifth number; number 6!
Of course, I hadn’t chosen number 6 so I wasn’t happy but still, that was pretty good going, four numbers on the trot. I won £100 which is better than a slap in the face but believe me, I was so excited that if I’d actually got the six numbers I’d probably have dropped dead with a heart attack, never living to enjoy my millions!
Anyway, I’ll have to go. Just got time to buy my lottery ticket for tonight’s draw.