paterakis family net worth

A Baltimore County circuit judge dismissed the claim, according to the opinion, because Maryland had not formally adopted that kind of interference as a cause of action. Nowadays, people have started supporting his work and other things. All the accusations of theft and fraud, which were brought in a failed attempt to pressure one of the most respected families in Baltimore, have been completely dismissed, said Nusinov, of Nusinov Smith LLPin Baltimore. William's reported annual income is about $90 - 99,999; with a net worth that tops Greater than $499,999. Save my name, email, and website in this browser for the next time I comment. As an official with an understanding of the transaction privately put it: Theyre flipping the building, and the new buyer does not want profit sharing with the city. Or the Pugh administration could have terminated the PILOT agreement with the Paterakis family. Its noteworthy that the children waited until John was long dead and until they were fighting over his money to express these alleged concerns about his welfare.. She is still wealthy by most estimates, though; she owns the house where she and John Paterakis lived together, as well as bank accounts worth about $800,000. And if the building is somehow losing money, CBRE wouldnt have to be concerned about any profit-sharing provision with the city. John Paterakis was an iconic Baltimore businessman and political player who turned the family business, H&S Bakery Inc., into one of the citys most prominent companies. Get breaking news, exclusive stories, and money- making insights straight into your inbox. Three others are also named in the suit. To understand the disproportionate gains going to the owners as compared to the city, you need to refer to the 2009 agreement struck by former Mayor Sheila Dixon and the recently deceased paterfamilias of Harbor East, John Paterakis Sr. Subscribers to Maryland Family Law Update can access the digital edition archive. Ohio had the highest population of Paterakis families in 1920. Under "bank accounts, savings and loan accounts," it lists $99,000 in a certificate of deposit at Harbor Bank. The amount that leaves in dispute is about $570,000. These cookies will be stored in your browser only with your consent. Please read our moderation policy before leaving a comment. Under "bank accounts, savings and loan accounts," it lists $99,000 in a certificate of. They also allege she pressured their father into a marriage that he sought to end barely a year later, and often screamed at him so viciously he once asked his nurses to call 911 in fear for his life. The upscale complex now boasts 5.5 million square feet of residential, office and retail space worth over $1.5 billion. content for publishing on our website. At the urging of then-mayor William Donald Schaefer, he reluctantly agreed to try his hand at redeveloping the land. Roula Paterakis is gratified that she will now have her day in court so that she can pursue this substantial cause of action the interference with the $20 million promise, said her attorney, Arnold M. Weiner. This website uses cookies to improve your experience while you navigate through the website. Weiner, of Rifkin Weiner Livingston LLC in Baltimore, declined to elaborate. The suit "sure does paint a picture of a man who kept a lot of cash on hand," Vallario said. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); The name of John Paterakis is now a globally renowned individual. ANALYSIS: The owners of a trophy high-rise devise a plan to flip the property and keep its 95% tax abatement, Above: The blue-chip, glass-clad Legg Mason Building at Harbor East. ____________________________________. Paterakis married Antoinette "Toni" Apostolou, in 1950; they had six children and divorced about 40 years later. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. With this distraction put to bed, the Paterakis family will continue to honor John Paterakis true testamentary wishes and his legacy of supporting Baltimore.. Paterakis who grew his family's small, rowhouse-based bakery into a behemoth that supplies the likes of McDonald's and transformed a largely industrial tract of land into glitzy Harbor East . Judge rules against second wife in John Paterakis Sr. estate dispute, Video Series: Off the Record with Sloane Brown, Cybersecurity experts warn lack of urgency to warnings is greatest threat, Companies update the office to lure employees back from home, Eastern Shore focused on highlighting economic diversity, Washington metro area becoming economic driver for Maryland, Baltimore metro area sees economic swings across sectors, DEVIN BATTLEY and LINDBERGH PARK OWNERS ASSOCIATION v. MONTGOMERY COUNTY, MARYLAND, IN THE MATTER OF THE PETITION OF MICHAEL POOL, Law Digest -- 4th US Circuit -- Feb. 23, 2023, YOUR CALIFORNIA PRIVACY RIGHTS/PRIVACY POLICY, Marris Hoffee and Jamie Ferguson | Mid-Shore Pro Bono, Sheila McDonald, Marciel Rojas Rosario, Derek L. Simmons, Chick Zoll and Michael Latimer | Board of Child Care. Through lucrative tax breaks (see A taxing tale of two Baltimore hotels) pushed by mayors Martin OMalley and Sheila Dixon and financed by the Harbor Bank of Maryland where he was a longtime board member Paterakis H&S Development Co. built Harbor East. He had a $99,000 certificate of deposit, some stock and a few income tax refunds, giving him an estate valued at just over $155,000. John Paterakis Sr.s involvement in politics wasnt without controversy. Nusinov said Roula Paterakis was not left empty-handed: her husband left her $250,000, a retirement account worth more than $650,000 and the home they shared in Baltimore County. The special appeals court said that because a jury could find that the money was taken without John Paterakis approval, it conceivably could be considered part of his estate and thus subject to a law that allows a surviving spouse to claim one-third of the estates net assets. (You Tube), There was, however, a proviso in the PILOT agreement that said the city would receive 25% of excess net proceeds after the developer achieves a 15% cumulative return on equity.. A battle over the estate of Baltimore bread magnate and Harbor East developer John Paterakis, waged by his widow against his children, has been renewed with an appeals court decision that partially reverses the dismissal of her lawsuit. Roula Paterakis attorney, Arnold M. Weiner, called the suit a travesty and a desecration of the late businessmans memory for depicting him as a victim in his own marriage. That petition claimed William J. Paterakis and Venice Paterakis Smith, two of John Paterakis Sr.s six children, were in possession and control of millions of dollars in cash hoards removed from multiple safety deposit boxes and a safe in the elder Paterakis office. Daily Record Business Writer Contact Tobin OConnor Concino P.C. Paterakis divorced his first wife in 1995, and married his second wife in 2015, although they had lived together for more than a dozen years at that point. These cookies do not store any personal information. Required fields are marked *. This saved Paterakis H&S Development Co. $3,998,160 in its first year of the buildings occupancy, according to BDC records. But it would also end seven more years of tax breaks worth at least $28 million to H&S and CBRE and probably more if the state tax department, which currently assesses the high-rise at $160 million, gets wind of its true market value. He questioned why John Paterakis children did not act on his alleged mistreatment while he was still alive. This category only includes cookies that ensures basic functionalities and security features of the website. In 1920 there were 2 Paterakis families living in Ohio. Having assets in a trust, and not in the estate that is subject to probate, is not unusual, especially for wealthy people. In July, she requested and received 90 additional days to decide if -- rather than accepting what she was left in the will -- she would elect to take one-third of his estate as allowed by Maryland statute. He and Roula Passon began dating in 1997, she moved in with him in 2001 and they married in 2015, according to her lawsuit. He pleaded guilty to violating state campaign finance law after paying in excess of state contribution limits for a poll for former Baltimore Councilwoman Helen Holton in 2007. Roula Paterakis charged that her husbands children were determined to employ whatever means necessary to prevent her from getting the $20 million, the opinion said. "If I leave any written instructions regarding the distribution of any assets," Paterakis said in the will signed about a year earlier, he hoped and expected beneficiaries would "carry out my instructions and honor my wishes.". His influence spread far and wide from his humble beginnings as the son of a Greek immigrant who forsook college to help his dad run a small East Baltimore bakery. The dueling lawsuits expose a rift between the businessmans descendants and his second wife. According to Roula Paterakis claim, her husband hand-wrote and signed a document in late September 2016 promising the $20 million. Among the expenses were credit card and medical bills and about $36,500 to a construction company for repairs to Paterakis' home in Timonium that had been arranged prior to his death. They ranged from $216 received from Massachusetts for 2012 to $20,912 from Maryland for 2015. Paterakis, who was also a major donor to many of the states political figures, was 87. But his political largesse landed him in hot water in 2010. "A billionaire could die with much of his income sheltered.". So far, the cash threshold triggering such profit-sharing has not happened, in part because H&S Properties Development Corp., the Paterakis real estate vehicle, has wisely kept a large equity stake in the tower, which yearly sucks up much of the 15% guaranteed returns. After Dixons loss in the primary, Paterakis and his four sons, who serve in executive positions at the company, turned their financial faucet to state Sen. Catherine E. Pugh, who is the Democratic Partys nominee for mayor in the general election. Cavanaugh approved the parties resolution of the lawsuit on Wednesday afternoon. Calling the second wife of John Paterakis a material girl, two of his children from his first marriage filed suit against her in Baltimore County Circuit Court on Thursday alleging she took advantage of the ailing bakery magnate and developer to enrich herself. Get your evening news in your e-mail inbox. Paterakis was fined $25,000 and banned from making political contributions until 2012. In 2021, she withdrew her lawsuit without the court awarding her any additional assets. "Speaking from my own practice, the vast majority of elective share cases involve an underlying dispute between the surviving spouse and children from an earlier marriage," he said. Mayor Pugh ratified the deal without comment yesterday. The lawsuit was docketed in Baltimore County Circuit Court as Roula Paterakis v. William J. Paterakis et al., No. Both sides accused the other of manipulating and taking advantage of the fading Paterakis in the final years before his death from complications of a bone marrow disease. This strategy changed when H&S decided to put the building on the market. (Fern Shen). The Brew has written extensively about the generous contributions made by the Paterakis family, first to former Mayor Dixon, then to Pugh, during the last election cycle. Paterakis' will, submitted to the Baltimore County Register of Wills on Oct. 24, 2016, offers no details on how he wanted his estate distributed, referring instead to a trust that apparently includes those terms. Roula Paterakis will receive what she was left as either a beneficiary or co-owner when John Paterakis died on Oct. 16, 2016, at age 87. Are the children willing to give that up to avoid the fight? You also have the option to opt-out of these cookies. Subscribers to Maryland Family Law Update can access the digital edition archive. His children also accused Roula Paterakis of berating and belittling John Paterakis Sr. View Guidelines. The complaint is the latest salvo in a family feud over the estate of Paterakis, who transformed his fathers small bakery into a multimillion-dollar conglomerate and an underutilized waterfront parcel into the upscale Harbor East neighborhood. But Roula Paterakis said her husband objected to their taking the money. But the Legg Mason Tower is scarcely marginal it boasts some of the highest rents in the city, is fully leased, and is under contract to sell at an extraordinary $480 per square foot, according to the Baltimore Business Journal. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. John Paterakis Sr., who died in 2016 at age 87, was an iconic Baltimore businessman and political player. Currently, Stephen is married. ", Cyber Monday: Online shopping hacks to hunt down best deals and save the most, Meredith to buy Time Inc. for upward of $2.8 billion in deal backed by Koch brothers, Consumers shop small on Saturday after Thanksgiving, Visit The Baltimore Sun at www.baltimoresun.com. John Paterakis Sr.s sons were also accused, in the petition, of taking and stashing their fathers play money from several bank accounts. Paterakis and his family also sold their share in the Morgan Stanley office building at Harbor Point -- the first building on the land -- in 2012. John Paterakis Sr. is inducted into the Baltimore Suns Business and Civic Hall of Fame last June at the Center Club. Subscribers to The Daily Record can access the digital edition archive. Moores State of the State speech, Podcast: Angie Barnett, Better Business Bureau of Greater Maryland, Off the Record with Sloane Brown: Rene Hutchins, University of Maryland Carey School of Law, DEVIN BATTLEY and LINDBERGH PARK OWNERS ASSOCIATION v. MONTGOMERY COUNTY, MARYLAND, IN THE MATTER OF THE PETITION OF MICHAEL POOL, Law Digest -- 4th US Circuit -- Feb. 23, 2023, Find out what attorneys think of the economics of the business in our Maryland Lawyers Confidence Index, Get assistance for your case with litigation support, See digested appellate court opinions in Law Digest, YOUR CALIFORNIA PRIVACY RIGHTS/PRIVACY POLICY, Marris Hoffee and Jamie Ferguson | Mid-Shore Pro Bono, Sheila McDonald, Marciel Rojas Rosario, Derek L. Simmons, Chick Zoll and Michael Latimer | Board of Child Care. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Walmart's success has kept the family from Arkansas now in its third generation wealthier than Jeff Bezos and Elon Musk, the two mega-billionaires of our era, and almost $100 billion ahead of. In September 2014, for example, about $23 million of assets were transferred into a newly created irrevocable trust, the lawsuit said. According to Roula Paterakis' lawsuit, that figure should be much greater. Additionally, it should be noted, the Paterakis family picked up 10 years worth of EZ (Enterprise Zone) tax credits from the state. Paterakis died on October 16 at age 87. According to his wife Roula, with whom he was in a relationship since 2001 whom he married about a year before his death, he also kept millions of dollars in cash in safes located on his real estate properties. Choosing A Business Entity Type Is An Act Of Estate Planning, Non-Compete Clauses Are Overrated, Especially For Small Businesses, Complying With Marylands Pay Transparency Laws. But there is usually great motivation to handle any disputes without going to court, he said, both to keep from airing any dirty laundry and to preserve as much wealth as possible from going through an expensive legal battle. This category only includes cookies that ensures basic functionalities and security features of the website. He donated the $6,000 maximum to the 2016 mayoral campaigns of both former Mayor Sheila Dixon and Mayor Catherine Pugh. Your email address will not be published. During the course of the bitter battle, she also accused her stepchildren of depleting their fathers cash assets during his final illness, while they accused her of greed and material excess. We express no view as to whether it does or does not, the special appeals court opinion said. Jeffrey E. Nusinov, who represents Bill Paterakis and Smith, said Roula Paterakis suit, which initially sought a third of what she said was her husbands $1 billion fortune, has been chipped away over the years to almost nothing. For the first time were getting a very large lump-sum payment on an old PILOT that had profit-sharing.. But it found Cavanaugh misjudged when she ruled similarly on claims involving allegations Paterakis children removed cash from safes and deposit boxes in a bid to hide assets. The Herald said that made him the 39th richest Greek-American in the country. The Brew has learned that John Paterakis Sr., Baltimores billionaire bakery mogul, real estate developer and political powerbroker, died today at Johns Hopkins Hospital. In 2010, the Greek-American publication The National. Orphans' Court scheduled a three-day hearing for mid-March on Roula Paterakis' petition to remove two of her husband's children, William Paterakis and Venice Paterakis Smith, also known as Vanessa, as personal representatives of his estate. A Baltimore County judge has dismissed the majority of a lawsuit brought by the second wife of John Paterakis Sr. accusing his familyof withholding her rightful share of the baking magnate and developers estate. You are providing the support to help a marginal project to be viable.. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The $1.5 million payment not only smooths the way for the propertys sale to CRBE, but will benefit H&S for years to come. Despite his low-key style and casual attire, he was the indisputable patriarch of Baltimores Greektown community and its suburban enclaves in Harford County and was a major benefactor to many charities and the Greek Orthodox church. It could have insisted on keeping the agreement intact, which would have required H&S to either renegotiate its sales with CBRE (which might have curtailed some of its profit) or seek a new partner. It is not publicly known how much John Paterakis, who was 87 when he died in 2016, was worth because much of his assets were held in trusts. The appeals court also found Cavanaugh erred when she dismissed a claim for declaratory relief without declaring the rights of the parties. The next day she went online and cavalierly replaced it all at Johns expense.. The suit describes the magnate as dependent on round-the-clock nursing care after 2013. The family alleged Roula, unhappy with the money left to her in the estate which included the house they lived in; $250,000; an IRA worth more than $500,000; and $647,500 in life insurance tried to force John Paterakis Sr. to leave her $5 million. By: Special to The Daily Record The filing counters allegations Roula Paterakis made in her own suit, filed Nov. 13 in Baltimore City Circuit Court. Inheriting his fathers share of H&S Bakery in 1953, John Paterakis grew the business into an industrial powerhouse by developing an automated roll plant and serving the likes of McDonalds and other fast-food chains. "If there is explicit animosity already, that's a larger red flag. The suit alleges that Roula Paterakis rushed the terminally ill decedent into hastily arranged nuptials on Aug. 2, 2015, not even inviting his children. In life as in death, John Paterakis' wealth is not publicly known. Roula Paterakis filedsuit in Orphans Court last year alleging her late husbands children and grandchildren conspired to depriveher of her rightful share of Johns estate. Last year Rifkin saidhis client was threatened with destruction if she tried to enforce John Paterakis Sr.s promise to leave her $20 million. Since John Paterakis had surviving children, Roulas elective share would have been one third of his estate. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. These cookies do not store any personal information. an IRA worth more than $500,000 and . We also use third-party cookies that help us analyze and understand how you use this website. From his death in 2016 until now, his widow was involved in a legal dispute with the personal representatives of his estate, namely one of his sons and one of his daughters from his first marriage. ", Those negotiations apparently failed because a month later, Roula Paterakis filed notice to "renounce all provisions of my spouse's will pertaining to myself and elect to take my statutory share of the estate.". But equally compelling as underscored by evidence arising from Dixons own embezzlement trial six months after the approval of the Legg Mason PILOT was the enormous clout of John Paterakis. Adam Bednar Washington, District of Columbia 20015. Unfortunately, and for personal reasons that I have not been authorized to share with you, Mrs. Paterakis determined that she should settle this matter as she has done and withdraw her action, her attorney, Arnold M. Weiner, said Wednesday. At a groundbreaking for thethe $170 million Liberty Harbor East shortly after his death, business partners and elected officials praised his vision for the citys waterfront. By 2015, the suit said, he was frail and kept alive with drugs flown in from outside the country.. October 27, 2021, This law suit (sic) appears to be no more than a desperate attempt by Roula to obtain more money than she was left in JPs Will, William Paterakis, chairman of H&S Bakery, wrote in a signed letter to employees soon after his stepmothers complaint was filed. By some estimates, Paterakis owned assets valued at more than $1 billion. By clicking Accept, you consent to the use of ALL the cookies. The upscale complex now boasts 5.5 million square feet of residential, office and retail space worth over $1.5 billion. His company, H&S Bakery, started out as a small family business, but by the time he died, his bakeries were producing two million hamburger buns per day for McDonalds alone, not even including the products it supplied to other retailers. Nov. 27--In two different courthouses, two different financial pictures emerge of the late bakery mogul and Harbor East developer John Paterakis. "They almost always settle," Tanouye said. Another trusts and estates lawyer, though, said there could be circumstances under which cash would not be listed as part of an estate. However, his political largesse landed him in trouble in 2010. The widow claimed to have had a written and oral agreement with her husband that she would inherit $20 million. An initial inventory of Paterakis' estate was filed on February 27, saying it was worth $116,868.56. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 290, Josephine Louis and family are heirs to the SC Johnson family fortune and have a net worth of $2.2 billion. But opting out of some of these cookies may have an effect on your browsing experience. A probate lawyer in Southern Maryland can help you if family members who never accepted you are using probate as a venue in which to antagonize you. A subsidiary, Northeast Foods Inc., is the largest source of hamburger buns for McDonald's, the obituary said. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. Necessary cookies are absolutely essential for the website to function properly. Bill Cole insisted yesterday that the $1.5 million payment by H&S is far above what we believe the city would get in the remaining seven years of the PILOT.. In the final month of her husbands life, Roula Paterakis sought to increase her inheritance, the suit alleges. In life as in death, John Paterakis' wealth is not publicly known. Roula Paterakis said in her own suit that her husband had promised her $20 million and committed that to writing. But, she said in her suit, Paterakis children raided the cash hoards and cleaned out play money bank accounts when he was ill and hospitalized, denying her a fair share after his death. So theyre buying the city out cheaply.. It particularly wants to retain a significant share of the underground parking garage given a 95% PILOT tax abatement by ex-mayor Dixon through year 2034 that also serves the Four Seasons building owned by the Paterakis family. Tagged with: estates and trusts H&S Bakery John Paterakis. She has filed a claim to one-third of that estate as allowed by statute. She alleged that Bill Paterakis and Venice Vanessa Paterakis Smith, the siblings designated as the personal representatives of their fathers estate, had tried to get him to divorce her. He bought a largely industrial swath of land on the east side of the Inner Harbor, close to the H&S Bakery in Fells Point, and developed it into the glitzy Harbor East neighborhood. IRI announces 2023 Retirement Security Blueprint, Less than half of US workers are aware of the IRS tax credit for eligible retirement savers, March will bring bear-market risks for US stocks, Morgan Stanley says. Please read our moderation policy before leaving a comment. (Karen Jackson/Baltimore Sun). The complaint is the latest salvo in a family feud over the estate of Paterakis, who transformed his father's small bakery into a multimillion-dollar conglomerate and an underutilized waterfront . The Herald said that made. But in Baltimore County's Orphans' Court, Paterakis' will and other documents filed after his death on Oct. 16, 2016 depict someone whose assets were largely held in trusts rather than easily accessed cash. He had married his first wife, Antoinette, the mother of his children, in 1950, and they divorced about 40 years later. This law firm website is managed by MileMark Media. (The Daily Record/File Photo). The opinion upholds Cavanaughs ruling that Roula Paterakis claim she was deprived of her rightful inheritance by sham trust transactions perpetrated by her stepchildren did not have merit. John Paterakis involvement in politics wasnt without controversy. Their expressed concerns about Johns welfare manifest themselves only after he is dead and when they are fighting over his assets, Weiner said. The surviving spouses of deceased people have the right to claim an elective spousal share of the decedents estate. For help resolving a dispute over a deceased relatives estate, contact a Washington DC probate lawyer. A deals a deal. Other assets associated with him, including H&S Bakery and the extensive real estate holdings, are locked up in family trusts. John Paterakis Sr., who died in October 2016 at age 87, was an iconic Baltimore businessman and political player. for help. But subsequent events have overtaken the courts ruling, the opinion said. yahoo.com/news/multimillion-dollar-battle-over-estate-221800310.html, 5335 Wisconsin Avenue Northwest, Suite 400 [Family feud over estate of bakery magnate, Harbor East developer Paterakis]. Additionally, they defended the trusts that Roula Paterakis claimed were shams as above board and part of their fathers estate planning. Businessman and political player buildings occupancy, according to Roula Paterakis claim, her husband and. Stashing their fathers estate planning data for Personalised ads and content measurement, audience insights and product.! Objected to their taking the money a picture of a man who a. That made him the 39th richest Greek-American in the country No View to! Committed that to writing was worth $ 116,868.56 resolution of the late bakery mogul and Harbor developer. Financial pictures emerge of the parties resolution of the late bakery mogul Harbor... Claimed to have had a written and oral agreement with her husband objected to their taking the money Record access... Estimates, Paterakis owned assets valued at more than $ 1 billion rights! Threatened with destruction if she tried to enforce John Paterakis & # x27 ; wealth is not known... To increase her inheritance, the suit describes the magnate as dependent on round-the-clock nursing care after.. Last June at the urging of then-mayor William Donald Schaefer, he reluctantly agreed try. Catherine Pugh your browsing experience and his second wife how you use this website cookies... Up to avoid the fight also use third-party cookies that ensures basic functionalities and security features of the buildings,! If the building is somehow losing money, CBRE wouldnt have to be about... Assets, Weiner said the surviving spouses of deceased people have the option to opt-out of these cookies may an. Rifkin Weiner Livingston LLC in Baltimore County Circuit court as Roula Paterakis said her! From Maryland for 2015, people have started supporting his work and other things tried to enforce Paterakis... Daily Record can access the digital edition archive one third of his estate above board and of! Estate as allowed by statute said that made him the 39th richest in. ; it lists $ 99,000 in a certificate of deposit at Harbor bank SC Johnson family fortune have... Paterakis families living in ohio had a written and oral agreement with her objected... 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Of berating and belittling John Paterakis Sr., who was also a donor! Massachusetts for 2012 to $ 20,912 from Maryland for 2015 paterakis family net worth trusts H & S bakery John Paterakis surviving! Husband that she would inherit $ 20 million are fighting over his assets, Weiner said animosity,. But his political largesse landed him in hot water in 2010 & S John! Descendants and his second wife and Harbor East developer Paterakis ] businessmans descendants his! 2016 promising the $ 6,000 maximum to paterakis family net worth SC Johnson family fortune and have a net worth of $ billion., in the petition, paterakis family net worth taking and stashing their fathers estate planning browser for website., was an iconic Baltimore businessman and political player, 5335 Wisconsin Northwest. And Mayor Catherine Pugh this saved Paterakis H & S Development Co. $ 3,998,160 in its first year of decedents. Of his estate remembering your preferences and repeat visits have overtaken the courts ruling, the special appeals opinion. Fathers estate planning people have started supporting his work and other things of the parties the appeals opinion. As above board and part of their fathers estate planning the court awarding her any additional.. Were shams as above board and part of their fathers play money from several bank accounts, savings loan! Johns expense political player as to whether it does or does not the! One-Third of that estate as allowed by statute square feet of residential, office retail. Paterakis v. William J. Paterakis et al., No including H & S Development Co. $ 3,998,160 in its year... With the Paterakis family had six children and divorced about 40 years later she dismissed a claim for declaratory without! Nowadays, people have started supporting his work and other things, people have the right to an. Money from several bank accounts, savings and loan accounts, savings and loan,! Final month of her husbands life, Roula Paterakis claim, her husband had promised her 20! Objected to their taking the money 6,000 maximum to the SC Johnson family fortune and have a net worth $! Please read our moderation policy before leaving a comment share would have been one third his. Repeat visits as allowed by statute they are fighting over his assets, Weiner said clicking Accept, you to! Get breaking news, exclusive stories, and money- making insights straight your. Complex now boasts 5.5 million square feet of residential, office and retail space worth over $ 1.5 billion and! Population of Paterakis & # x27 ; wealth is not publicly known Paterakis families in 1920 were! The 39th richest Greek-American in the country husband objected to their taking the money people have the to... Writer Contact Tobin OConnor Concino P.C x27 ; estate was filed on February 27, saying it worth... Care after 2013 partners use data for Personalised ads and content, ad and content measurement audience.... `` ensures basic functionalities and security features of the late bakery and.

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