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...furor in Newport over the dilapidation of Mrs. James Jay Coogan's empty mansion on aristocratic Catherine Street turned the spotlight on one of the world's wealthiest recluses: for 25 years Mrs. Coogan, now well into her 80s, has seldom left her Manhattan hotel suite in the daytime, but each night at 9 o'clock she goes down in the freight elevator heavily veiled, drives to her cubbyhole office in a loft building, puts in five hours administering her real-estate fortune (which includes Coogan's Bluff, the Polo Grounds where the Giants play...

Author: /time Magazine | Title: People 1982: A History of This Section | 10/5/1983 | See Source »

Although described as "nonemployed," Telling is hardly on the dole. His mother is a member of the Vestey family, one of the wealthiest old-money clans in the land. The Vesteys have interests in shipping, insurance, refrigeration and real estate worth an estimated $1.5 billion. Telling's second cousin, Lord Samuel Vestey, 42 (known as "Spam" after the familiar product of a family meat-packing firm), is a polo-playing pal of Prince Charles. Michael has never officially been employed by the Vesteys, but it seems likely that he was well supported by a family trust fund. Following Telling...

Author: /time Magazine | Title: Britain: The Good Life | 9/26/1983 | See Source »

SENTENCED. Mary Hudson Vandegrift, 70, chairman of the board of Hudson Oil Co. and one of America's 400 wealthiest individuals, worth $100 million according to Forbes magazine; to 200 hours of public service in a retardation center and fined $5,000; for ordering her company's gasoline pumps readjusted so that customers got a small amount less than they paid for; in Olathe, Kans. Vandegrift pleaded no contest to the felony charge...

Author: /time Magazine | Title: Milestones: Aug. 22, 1983 | 8/22/1983 | See Source »

...Only the wealthiest 1% of the populace could vote for the lower house of the Diet, and the upper house was reserved for the aristocracy...

Author: /time Magazine | Title: History: How Japan Turned West | 8/1/1983 | See Source »

Though he is little known to the general public, Developer A. (for Adolph) Alfred Taubman, 59, is one of the wealthiest men in America. Over the past 33 years, he has amassed an empire that includes 25 major shopping centers in the U.S., 800 A & W fast-food outlets, 100 movie theaters and a personal fortune estimated at $525 million. Now Taubman, who operates out of Troy, Mich., is going after one of the most prestigious properties of all: Sotheby Parke Bernet Group, the tradition-laden British art auction house. Said Taubman in announcing his offer of at least...

Author: /time Magazine | Title: White Knight | 6/27/1983 | See Source »

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