Quote:
Originally Posted by batman911
I believe Bob and wife were one of the largest land owners in California. I wonder what happened to all the land they owned?
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According to an Forbes article on Google by Peter Newcombe:
Reporter Richard Behar spent weeks tracking down Mr. Hope's land holdings. After consulting with a handful of real estate brokers and land appraisers (as well as poring over reams of county tax records) all we could find was about 8,600 acres, much of it inhospitable canyon land. For all the talk of Hope's massive real estate portfolio, it turned out to be just another Hollywood myth.
By the mid-1980s Mr. Hope, then in his 80s, was already tidying up his estate and liquidating much of his property in an orderly manner. Forbes ultimately estimated his remaining land holdings to be worth just $85 million. Throw in another $30 million he had in miscellaneous investments and you arrive at a net worth of $115 million--not quite the $200 million we had estimated a year earlier.
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