History remembered: meet one well-known wealthy family who lost their entire fortune

December 3, 2014

Grandson of publishing magnate Joseph Pulitzer, Peter Pulitzer had to be bailed out financially by the husband of his ex-wife. According to Forbes, the 800-acre Florida citrus grove owned by Peter and his twin sons was in danger of foreclosure after an outbreak of citrus canker.

Tim Boberg, husband of Roxanne Pulitzer, now holds a $220,000 mortgage on the property; he guaranteed another mortgage of $1.3 million and extended a line of credit for $400,000.

In his 1982 divorce filings, Peter Pulitzer had an estimated net worth of $25 million.