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Tony Hsieh left sticky notes, complicating the “chaos” of real estate

Zappos founder Tony Hsieh reportedly left behind hundreds of millions of dollars worth of real estate “chaos.”

She’s father, Richard, and brother Andrew recently traveled to Park City, Utah, where troubled mogul spent $ 70 million this year to set up a new home base, sources told The Wall Street Journal. It was.

According to the newspaper, they are trying to track the full amount of Shie and recent commerce without the willingness to work on it. His latest investment made through 12 limited liability companies while he appears to be out of order.

According to the WSJ, his father and brother, who were appointed managers of Sie’s real estate after he died in a Connecticut home fire, have begun to kick out fashion shoe brand mogul hangers who already live in his real estate.

According to the report, they also need to evaluate his apparent financial commitment to staff and friends found in the colorful sticky notes that fill the walls of the mansion.

Justin H. Brown, a partner at law firm Troutman Pepper Hamilton Sanders LLP, told the paper that the clear “chaos” of Shay’s property could be, as it were, a serious problem.

“You need to look at each particular sticky note to determine if it’s a contract. Is it binding?” Justin H. Brown, a partner at law firm Troutman Pepper Hamilton Sanders LLP. Told in this treatise.

“Did he have the right mental state? Did he even have the ability to sign a contract?” Brown, who was not involved in the case, said.

When Shay died last month, the report said it was worth hundreds of millions of dollars, citing Forbes quotes with close friends.

Firefighter at Tony Hsieh's Residential Fire Site
Firefighter at Tony Hsieh’s Residential Fire Site
New London Firefighter

In the months leading up to his death, he continued to spend violently in Park City after falling in love following his previous visit to the Sundance Film Festival, the newspaper said.

He reportedly helped local businesses not only buy mansions and surrounding real estate for staff and friends. Have the car company ferry around your friends, have a wine bar for every party, and a restaurant.

He even had a friend use his credit card, the report said.

What’s more, according to records and people nearby, he was planning a $ 30 million “angel” fund for Park City’s tech startups and other businesses, the newspaper said.

“Since Tony Hsieh’s recent sudden and unexpected death, no decisions have been made about the future of real estate,” the Shay family told The Wall Street Journal.

According to a family statement, Richard and Andrew Sea, as co-administrators of real estate, “have a duty to collect information and collect and protect real estate assets, and these next steps will carry out the course. It takes time. “

Tony Hsieh left sticky notes, complicating the “chaos” of real estate

Source link Tony Hsieh left sticky notes, complicating the “chaos” of real estate

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