![]() Not only was Tilton’s net worth below the billion-plus she claimed-Forbes pegged it at roughly $830 million at the time-but her firm was also underperforming. (Oprah held the top spot that year, with an estimated $2.7 billion net worth.)īut Forbes soon uncovered a very different story. Tilton’s counsel tried to convince Forbes she was worth some $1.7 billion, which would have made her the fifth-richest self-made woman in the world at the time. What’s not in question: Tilton’s fortune has tumbled since 2011, when Forbes set out to answer the central question: Who is Lynn Tilton? While leading Patriarch, she billed herself as the “ diva of distressed” on a reality TV show that never saw the light of day. Tilton undertook extraordinary efforts to save TransCare and preserve the jobs of its employees,” the statement claimed. In a statement to Forbes, a representative for Tilton said she and Patriarch “strongly disagree” with the recent TransCare ruling and plan to appeal it further as soon as possible. ![]() ![]() “Somebody has full control over an organization that’s spiraling out of control, they try to move things around so they can take the good assets out and leave the toxic assets to go into bankruptcy, and then because they're a fiduciary of that entity, whatever actions they took are going to be looked at under a microscope.” Todd Brown, a professor at SUNY Buffalo’s law school who specializes in bankruptcy and business law.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |