Til About Millionaire Wellington Burt, Who Died In 1919 And Left A Fortune With A Twist

Wellington Burt’s fortune was a remarkable story of inheritance and patience. His money was held in trust for over nine decades, growing steadily over time, until finally being distributed to his descendants.

The trust was carefully managed, with the money invested in a variety of assets. This allowed the trust to grow significantly, despite the Great Depression and other economic challenges. By 2011, the trust had grown to a whopping $110 million.

The trust was designed to ensure that Burt’s descendants would receive a significant financial windfall. However, the long wait also highlighted the power of compound interest. When the trust was established, the money was initially invested in a relatively small amount. Over the years, however, the interest earned on those investments was added back into the principal, causing the trust to grow exponentially.

It’s a testament to the wisdom of Burt’s estate planning and the power of long-term investing that his descendants were able to receive such a large sum of money, even after decades of waiting.