History remembered: meet one well-known wealthy family who lost their entire fortune
December 3, 2014Grandson 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.