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These people inherited huge fortunes – but spent the lot

The heirs who squandered millions
Tori Spelling: $1 million (£764k) inheritance
Tori Spelling: $1 million (£764k) inheritance
Tori Spelling: $1 million (£764k) inheritance
Tori Spelling: $1 million (£764k) inheritance
Clarissa Dickson Wright: $17.6 million (£13.8m) inheritance
Clarissa Dickson Wright: $17.6 million (£13.8m) inheritance
Clarissa Dickson Wright: $17.6 million (£13.8m) inheritance
Clarissa Dickson Wright: $17.6 million (£13.8m) inheritance
John Hervey, 7th Marquess of Bristol: $28.5 million (£22.5m) inheritance
John Hervey, 7th Marquess of Bristol: $28.5 million (£22.5m) inheritance
John Hervey, 7th Marquess of Bristol: $28.5 million (£22.5m) inheritance
John Hervey, 7th Marquess of Bristol: $28.5 million (£22.5m) inheritance
Maureen O'Connor: $86.2 million (£68m) inheritance
Maureen O'Connor: $86.2 million (£68m) inheritance
Maureen O'Connor: $86.2 million (£68m) inheritance
Maureen O'Connor: $86.2 million (£68m) inheritance
Barbara Hutton: $983 million (£775m) inheritance
Barbara Hutton: $983 million (£775m) inheritance
Barbara Hutton: $983 million (£775m) inheritance
Barbara Hutton: $983 million (£775m) inheritance
Huntington Hartford II: $1.37 billion (£1.08bn) inheritance
Huntington Hartford II: $1.37 billion (£1.08bn inheritance
Huntington Hartford II: $1.37 billion (£1.08bn) inheritance
Huntington Hartford II: $1.37 billion (£1.08bn) inheritance
Clint Murchison Jr.: $1.4 billion (£1.1bn) inheritance
Clint Murchison Jr.: $1.4 billion (£1.1bn) inheritance
Clint Murchison Jr.: $1.4 billion (£1.1bn) inheritance
Clint Murchison Jr.: $1.4 billion (£1.1bn) inheritance
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By Diane Hartford (Contact us/Photo submission) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

The heirs who squandered millions

Going from riches to rags, a shocking 70% of high net worth families lose their fortune by the second generation, according to wealth consultancy the Williams Group. Here are eight heirs with the reverse Midas touch who frittered away their inheritance money, which we've adjusted for inflation. Click or scroll through to find out what went wrong.
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Daniel Coughlin

01 July 2020

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