Showing posts with label Healthy Lifestyle. Show all posts
Showing posts with label Healthy Lifestyle. Show all posts

Billionaire Patricia Kluge Divorcee's

Billionaire Patricia Kluge Divorcee's Happy Ending Patricia Kluge took her post-nuptial windfall and opened a world-class winery—until hard times hit and Donald Trump had to bail her out. She tells Sandra McElwaine about his plans for the estate.



Patricia Kluge is happy at last. Longtime friend Donald Trump has come to her rescue. After weeks of gobbling up small parcels of her 2,000 acre foreclosed property in historic Charlottesville, Va., the flamboyant mega mogul—and new presidential aspirant—zeroed in and purchased the Kluge Estate Winery and may now add vintner extraordinaire to his high-profile résumé. It was a cool deal. He grabbed it for a little more than one fifth of the $28 million mortgage.

"My worst nightmare and personal Armageddon are finally over," said Kluge in her clipped English accent in a telephone interview on Saturday morning. "I'm thrilled beyond belief. Now finally I can relax, take a week off, and go on vacation." (Kluge is headed to Florida for what she calls much needed R&R; she and her husband, William Moses, "will be dancing everyday.")
Rumors had swirled that the widow of her ex-husband, billionaire John Kluge, would buy the land, that a neighbor would take it over and destroy the vines, or another would plow up the Arnold Palmer golf course. But that is in the past. Now, "Donald plans to open it to the public and make it the most amazing experience in the world. Hopefully it will be the most visited place in America." A Disneyland, I ask? "Good lord," she responds with horror, "nothing that vulgar."

And though the master of the deal owns almost all of the acreage up to the front door of her grandiose Albemarle House—complete with private spa and beauty salon—he has yet to snag the luxurious show place, because he believes the current $16 million asking price is still too high. Kluge is undeterred and optimistic, saying Trump is negotiating with Bank of America, owner of the house, that all options are open, and that she is sure he will return her forlorn, empty mansion to its original glory. "I gave birth to the property," she says. "Donald believes in my vision, he loves my style and taste. He is astounded this has happened to us." (When Kluge called Trump to ask for financial help last fall, he approached various creditors but was rebuffed.)

Suddenly, she questions, "Who wants to live like that anymore, all that majesty and magnificence?"

She is especially thrilled that she and her husband have been asked to stay on to oversee the wines, which have been served at the White House and at Chelsea Clinton's wedding. "We were monumentally relevant to the world of wine," states Kluge. "Not just nationally, but internationally. London, Paris you name it. Donald has saved all that, now we are coming back, and we're coming back with a vengeance."

The saga of Patricia Kluge is one of glamour, sex, power, and money—and the luxurious lifestyle she so carefully crafted has crashed and burned. The era of conspicuous consumption for came to an end late last year when several banks foreclosed on the Charlottesville estate she had established in 1999. Then inJanuary Bank of America delivered the coup de grace, filing suit against Kluge, claiming she defaulted on three loans worth $23 million. The bank stepped in and seized Albemarle, adjacent to Thomas Jefferson’s Monticello.

"Donald plans to open it to the public and make it the most amazing experience in the world. Hopefully it will be the most visited place in America."

Marie Ridder, a prominent Virginia environmentalist, dined on several occasions at the manse, where Kluge, a statuesque society vintner, 62, entertained movie stars, politicians, and international luminaries at pheasant and quail shoots, fox hunts, and lavish black-tie dinners. Albemarle is over the top and overdone, Ridder says: "It's really ridiculous and very pretentious. There were these grand busts of people everywhere, and even a private chapel. It was imitation British grandeur without the history to go with it."

Kluge and her third husband, former IBM executive William Moses, tried to save their pastoral property and stave off creditors in 2009 by putting it on the market for $100 million. (The price was ultimately reduced to $24 million.) Last June, the couple began auctioning off an assortment of treasures, including a massive 8-carat cabochon ruby ring, several initialed shooting guns, silver Faberge plates, and a well-worn frock by Arnold Scaasi, who designed Kluge's wedding gown.

Although these items fetched more than $15 million, Kluge and Moses were forced to retreat to far less ostentatious digs and now reside in a 6,000-square-foot spec home, the only house Kluge ever constructed on the land adjacent to the winery. (There are also reports she has purchased several apartments in Marrakech, Morocco, a resurgent haven for the chic and well-to-do.)

Kluge's neighborhood was in a tizzy. How could the woman who was once labeled the " Richest Brit in Virginia" be down and out in Charlottesville?

"Nobody knows anything, and nobody sees them anymore," said a longtime resident. "She's become a laughingstock, and that's sad."

Born in Iraq, the daughter an English translator father and a half-Iraqi half-Scottish mother, Patricia Maureen Rose attended a French convent school in Baghdad. She moved to London at 16 and then burst upon he swinging '60s scene as a belly dancer in a sleazy nightspot. There she met and married her first husband, Russell Gay, publisher of Knave, a steamy tabloid, and became a member of his soft-porn enterprise and a celebrity by posing nude and contributing to a cheeky sex-advice column.

A saucy, sultry 5-foot-10, with long, dark hair, she created quite a stir and did not lack for admirers. "I was hot looking in my twenties," Kluge told The Daily Telegraph. "I was gorgeous. It was a no-brainer."

Eventually Kluge tired of her spicy role and opted out. After ditching her career and her spouse, she headed for New York, where she met the married and mega-rich John Kluge, chairman of Metromedia and 35 years her senior. (John Kluge ultimately sold his company to Rupert Murdoch for a reported $4 billion and was dubbed the richest person in America by Forbes. Metromedia's radio and television stations would later form the core of what would become the immensely successful Fox TV network.)

When Kluge laid eyes on the exotic former centerfold, he was smitten and, before long, divorced. "John was so in love, he even converted to Catholicism to marry her," said Barbara Sinatra, a family friend.

John and Patricia tied the knot in St. Patrick's Cathedral in 1981. According to Marie Ridder, his wife's belly dancing became the main topic of John Kluge's conversation. "It was startling to sit next to him at dinner and have him tell you what an expert she was," says Ridder.

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Kluge and Musa

Kluge and Musa Most Expensive Town in America "Ultimately we'd like to buy the home, but the bank has an unrealistic expectation for the purchase price," asserts Jason D. Greenblatt, general counsel for the Trump Organization. "We do have Right of First Refusal on that piece [the Albemarle home], so that if and when the bank finds a buyer, they would have to come to us first to see if we want to take it."





The Trump Organization also bid in December on Kluge's winery properties, but its offer was rejected by Farm Credit. Greenblatt says he's planning to travel to Charlottesville to tour the grounds and discuss buying the Kluge properties from the banks that now own them.

Kluge remains embroiled in the restitution claims and disputes related to the foreclosures, according to a source close to her, who spoke on condition of anonymity. Kluge herself is remaining mum.

Despite their financial troubles, Kluge and Moses continue to live in a home that many would consider palatial. It's a $3 million Vineyard Estates property they had built on spec back in the days when it seemed as if no real estate deal, or vintage, would ever go sour.


By: Morgan Brennan

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The World's Richest Billionaires

The World's Richest Billionaires In 2009 Kluge put Albemarle up for sale. Sotheby's International Realty initially listed it for $100 million. The figure was cut to $48 million in early 2010 and then to $24 million, where it sat until February's bank foreclosure.




Apparently unable to service her debt, Kluge then hired Sotheby's Auction House to host a two-day estate auction on the Albemarle grounds. Up for sale went personal jewelry, art and furniture that included a Chippendale dressing commode that sold for $338,500 and a Qing Dynasty table clock that fetched $3.8 million. All told, 933 items brought in $15.1 million.

Next went the winery itself. Farm Creditor of Virginia, one of Kluge's three major lenders, estimates she poured more than $40 million into the business. Despite critical acclaim for her vintages, Kluge appears to have cranked up production to 30,000 cases a year, only to discover that her company could sell less than half that. Kluge and Moses defaulted on almost $35 million in loans. By mid-December Farm Credit had repossessed Kluge Estate Winery and Vineyard after it failed to sell in an auction in which the minimum bid was set at $19 million.

Farm Creditor of Virginia still owns the property and has put a freeze on all operations. The bank plans on April 7 to resell the acreage as six separate tracts in an absolute auction, in which they are sold to the highest bidder with no reserve price. The vineyard's farm equipment will be sold the following day.

With no buyer turning up for Albemarle, Kluge stopped making payments last year and defaulted on nearly $24 million in loans from Bank of America. She received a foreclosure notice in January, and Bank of America picked mid-February to auction off the estate. The bank took possession when no buyers stepped forward with a bid of more than $15.3 million.

There may be a silver lining for Kluge's creditors, if not for the former heiress herself. Donald Trump, a longtime friend of Kluge's, has expressed an interest in taking Albemarle off Bank of America's repossession roster. He has already bought up the 216-acre front lawn.
By: Morgan Brennan

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The Rise and Fall of Patricia Kluge

The Rise and Fall of Patricia Kluge Former billionaire spouse turned vintner is now facing foreclosure.


It's the kind of story from which movies are made. Sad ones, that is. A beautiful young woman marries a billionaire, divorces and uses her hefty settlement to strike out into a celebrated business, only to lose it all. Rather than a contrived film plot, this is the real-life story of Patricia Kluge.

Last month Kluge, now 62, bid adieu to Albemarle, a beloved Charlottesville, Va., manse. That's when the 200-acre, 45-room estate became the subject of a foreclosure auction on the courthouse steps in downtown Charlottesville. By its ending, creditor Bank of America (NYSE: BAC - News) had repossessed the property for just $15.3 million.

The sales was just the latest in a string of ups and downs for the former heiress. Raised in Iraq under British rule, Kluge worked early in her career as a nude model for first husband Russell Gay at Knave magazine. On a trip to New York City she met John W. Kluge, the founder of Metromedia. The two were married in 1981. By the time they divorced nine years later, Kluge, the husband, was ranked by Forbes as the world's richest man, worth more than $5 billion.

Patricia walked away with a paltry settlement by comparison, estimated to have come to less than $1 million a year, plus Albemarle. The 24,000-square-foot neo-Georgian home boasts a helipad, wine grotto, stables and two kitchens. It is nestled in the Virginia countryside near Thomas Jefferson's Monticello estate.

The seeds of Kluge's financial downfall were sown in 1999 when, along with second husband William Moses, she established the Kluge Estate Winery and Vineyard on 960 acres near Albemarle. The couple's plan: Create vintages that would establish Kluge Estate, and subsequently Virginia, as an East Coast mecca for fine wine.



The Kluge Estate Winery quickly won critical acclaim for its bubbly vintages and red-wine blends. Soon Kluge wines were making their way to the dinner tables of society darlings and upscale restaurants. They even graced the menu for Chelsea Clinton's multimillion-dollar wedding weekend last July.

Perhaps intoxicated by her success, Kluge decided to expand aggressively. Over the past five years she took out $65 million in loans, according to public records. The money went into expanding wine production and building a super-luxury subdivision called Vineyard Estates, which was to include 24 multimillion-dollar homes with pools, outdoor kitchens, tennis courts, horse trails -- and even space for private vineyards.

That's when the housing crisis hit. Vineyard Estates failed to draw buyers. Property values plunged.
By: Morgan Brennan

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Patricia Kluge-Widow Richest People

Former model and the 'Patricia Kluge-Widow Richest People in History' Now Claiming Bankruptcy NEW YORK - Patricia Kluge - socialite, a former belly dancer, nude model, and was once known as the richest widow in the world - to declare himself bankrupt. He became a byword after she separated from her husband, John Kluge, a billionaire and Gono-gini pocketed $ 1 billion.




Women who choose to live in a vast farmland of Virginia since the 1980's and then tried his fortune as a wine maker, filed a personal bankruptcy protection with her ??third husband.

Baghdad-born woman who received his usual upper-class London life before stating his wine business to fail. Starring porn The Nine Acres of Nakedness was later admitted was desperate and tried to raise money by selling his property for years.

She and her husband now, William Moses, has estimated debts of $ 50 million and do a bankruptcy filing. This couple's lawyer, Kermit Rosenberg, said both were struggling with managing their lives again, "Trying to let go of their debts and start living normal again."

Patricia Kluge acquired a 23,500 square foot Albemarle House and 3,000 acres of land in rural Virginia after being divorced from the media mogul and billionaire John W. Kluge, who died last September.

Bankruptcy petition comes after the failure of negotiations with three major banks, Rosenberg said.

The banks have taken over the couple's wine business, Albemarle House, and luxurious home environment that is still under development.

Rosenberg said the attempt to 'structure of the overall settlement' does not work.

Bank of America filed a lawsuit against Kluge in the U.S. District Court in Charlottesville, said that Kluge failed on three loans worth nearly 23 million U.S. dollars. The bank then seized Georgian-style brick house.

The couple also lost Kluge Estate Winery & Vineyard them after failing to pay debts worth nearly 35 million U.S. dollars. Donald Trump bought the majority of businesses in April, said he wanted to operate a vineyard.

By: republika.com

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