Leona Helmsley was a famous American real estate investor who had an estimated net worth of $5 billion. She was publicly known as the Queen of Mean. In 1989, the investigators made inquiries about her tax cheats. Leona Helmsley was found guilty and sentenced to 16 years in prison.
There are many questions about Leone Helmsley. So, go through the article to know more about her. Explore how she led her life to become a successful businesswoman and a multi-billionaire.
Also, learn some facts, including her biography, education, early life, personal life, and many other things.
How much did Leona Helmsley earn in a year?
Leona Helmsley made around $2 million every year at the time of her death.
Leona Helmsley made most of her money through investing. According to the New York Times, she was charged for defrauding the stockholders of Helmsley, while she was paid 83 thousand dollars in a month as a secret fee.
Moreover, Leona Helmsley made about 150 thousand dollars every month on average from different criteria at the time of her death.
What did Leona Helmsley do for a living?
Leona Helmsley was a real estate investor. She owed a massive amount of taxes to the United States and New York. Moreover, she worked as a broker too. So, all the possible sources of income have been given below to understand better at a glance:
Earning through business
In 1968, Mrs. Helmsley started working as a broker. A couple of years later, she joined one of the brokerage firms of her husband named Harry Helmsley. From here, Leona managed to earn more than a million dollars.
After Mr. and Mrs. Helmsley got divorced, she lost her real estate license. So, she only focused on her ex-husband’s hotel. From here, she made not less than 100 million dollars.
Biography of Leona Helmsley
|Full Name||Leona Mindy Robert Helmsley|
|Professional Name||Leona Helmsley|
|Other Names||Queen of Mean|
|Date of Birth||4 July 1920|
|Place of Birth||Marbletown, New York, United States of America|
|Date of Death||20 August 2007|
|Height||5 feet 4 inch|
|Husband Name||Harry Helmsley|
|Child’s Name||Jay Robert Panzirer|
|Profession||Real estate investor|
|Net Worth||$5 billion|
The Early Life of Leona Helmsley
On 4 July 1920, Leona Helmsley was born in Marbletown, New York, United States of America. Besides, when she was a child, her family settled in Manhattan. From a young age, she wanted to become a businesswoman. Moreover, Leona Helmsley was of Polish-Jewish descent.
Leona Helmsley’s father’s name was Morris Rosenthal, who was a hatmaker. And her mother’s name was Ida, who was a homemaker. She had two siblings named Alvin Rosenthal and Sylvia Roman.
Leona went to Seth Low Junior High School. Moreover, she was also admitted to Abraham Lincoln High School. But after dropping out from here, Leona wanted to be a business person.
Since then, she has changed her name several times, including Mindy Roberts, Lee Roberts, Lena Rosenthal, and Leni Roberts. After all of this, she had known Leona Helmsley.
The Personal Life of Leona Helmsley
In 1938, Leona Helmsley married Leo Panzirer. The couple had a son named Jay, who died in 1982. However, Leona Helmsley divorced Leo Panzirer in 1952.
Leona Helmsley married Joseph Lupin two times. Anyway, Joseph Lupin was a garment executive. She divorced Joseph Lupin two times.
In 1972, Leona Helmsley married Harry Helmsley. In 1997, they decided to separate.
How did Leona Helmsley die?
On 20 August 2007, Leona Helmsley died because of heart failure in Connecticut. Rumors said that there is a disease named Cardiovascular, had all the family members of Mrs. Helmsley. Her father, mother, and her son had this disease too.
The third husband named Harry Helmsley of Leona Helmsley owns the Helmsley estate. In Manhattan, he possesses the Empire State Building and every big hotel in the city. However, some famous magazines confirmed that Harry Helmsley made over 5.5 billion dollars.
According to JUSTIA Us Law, Moreover, the court ordered her to pay a fine of a total of 7,152,000 dollars. Also, she had to pay the taxes owed to the US about 1,221,900 dollars. And Mrs. Helmsley owed New York about 469,300 dollars.
Leona Helmsley had an energetic personality and oppressive behavior. That is why people called her Queen of Mean. Once she told her maid that only low people gave taxes but not the high people. This was her quote.