Did Howard Hughes inherit his money?
Born in Houston, Texas, in 1905, Hughes inherited an estate of nearly a million dollars when his father died in 1923. Hughes’ father also left him the business that had created this fortune, the Hughes Tool Company, which controlled the rights to a new oil drill technology that was in high demand.
Who got Howard Hughes money when he died?
It was nine years later, on April 5th 1976, when Howard Hughes died, and no one could find a will. With his vast fortune up for grabs, a mysterious document surfaced, naming Dummar and the Mormon church as beneficiaries.
How much would Howard Hughes be worth in today’s dollars?
Hughes created a massive fortune that totaled $1.5 billion, which is equivalent to $6.74 billion in today’s dollars. In fact, he was the richest person in America from the 1960s to 1980s, unseating oil magnates H.L.