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HEARNAP — Part 9
Page 956
956 / 1139
: ; an@san Piego, each valucd a@011 over one half
million dollars. To, personal stocks - darge
interests in TEM, Beatrice Foods (ph), Exon, the
Sugar Bowl Corporation, and Safeway stores, United
Airlines, and Hughes Airways, and huge holdings in
drug companies, all his industries _ .. paper”
he ee ae
companies, -lumber companies, and cattle ranches.
Three, miscellancous’ personal items - a collection
+ ~ .
‘ of antique paintings, Chinese screens, and Greek °
“vases, 24 vasds; “each Valued. at ten thotsand™dollars
~ \
each, a collection ‘of Oriental. “rugs given to him.ky
his. personal friondj _the Shah of. Iran. The family
.. has also received numerous gifts ‘over the years.:-
1
e
from other long time personal friends, such as
y Howard Hughes, — . an : «fhe Hearst
oo ; Foundation is a front for the Hearst fortune e
. _ The foundation serves the. ‘tax loophole for that
=
fortune. The foundation’ -aonater an estimated
SMR eran. ie -w eee |
three million dollars vearly to establish charity —
to maintain its legal status as a foundation.
“fhe one and one half million dollars proposed to
be coming from the foundation is nothing more than
-
avhalf of what that foundation is legally required
a
“0... to donate annually in order to maintain its foundation
been stated many times, hovever rt will restate
> gee
| a . status. The assets of the Maaret Corporation ave
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