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Heiress Who Owned Santa Barbara Estate Leaves Most Of $400 Million Fortune To Arts

Posted on Wednesday, June 22, 2011 3:47pm

A Montana copper mining heiress who owned a legendary Santa Barbara estate has left most of her $400 million dollar fortune to the arts.  The Associated Press reports obtained a copy of Huguette Clark’s will.

She died last month, in New York City at the age of 104.  Clark owned what’s know as the Clark Estate in Santa Barbara, a 23 acre oceanfront mansion and property at East Beach that’s been valued at an estimated $100 million dollars.  However, she hadn’t visited the estate in decades.  She lived in a 42 room home in the largest apartment on New York’s Fifth Avenue, and then spent the final two decades of her life living in a hospital.    Clark left instructions in her will for the creation of a foundation for fostering, and promoting the arts.  She also gave a prized Monet painting that hasn’t been on public display for more than 85 years to Washington’s Corcoran Gallery of Art.

Manhattan prosecutors had been looking at how her finances were handled during the final years of her life, because of concerns her fortune might have been mismanaged.

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