How To Hide A Billion Dollars: Three Techniques The Ultra-Rich Use To Dodge Ex-Spouses, The Taxman And Disgruntled Business Partners - News Summed Up

How To Hide A Billion Dollars: Three Techniques The Ultra-Rich Use To Dodge Ex-Spouses, The Taxman And Disgruntled Business Partners


To just pay my bills and move on with my life.”Forbes estimates Ed Bosarge is worth at least $1 billion. But in 1991, that same Capital Technologies bought an 8,600 square foot mansion on North Boulevard in Houston’s museum district, where Ed Bosarge still lives. Later on, assets from those trusts were used to settle the South Ocean Trust, South Pacific Trust, and Exsontoo Trust. As recently as 2016, Valentino served as a trustee of a trust Bosarge and Quantlab co-founders Eames and Omeltchenko had formed to control the company. An associate sums up what it’s like to do business with him: “No one does business with Ed Bosarge without coming away diminished.”


Source: Forbes September 04, 2020 10:30 UTC



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