Jasper County Democrat, Volume 15, Number 65, Rensselaer, Jasper County, 16 November 1912 — NOW POSSESSES VAST ESTATE [ARTICLE]

NOW POSSESSES VAST ESTATE

Young Vincent Astor, Legally of Age, Becomes One of the Richest lyien In America. ' *\ New York, Nov. 15.—Though the formality of legal transference has yet to be made, Vincent Astor, son and heir of Col. John Jacob Astor, who went down with the Titanic, virtually came into possession of one of the largest fortunes in America at 12 o’clock last night. At that hour he was legally twenty-one years of age and having reached his majority he was entitled, under the terms of his father’s will, to the possession of the major part of the Astor estate. Just how much money young Astor will come into is not known, but it Is estimated that his share of the property will amount to between $62,000,000 and $67,000,000. This estimate Is based upon the fact that a month ago the executors of thp Astor estate $3,150,C00 on the inheritance tax due.