Morgan Stanley chairman, wife died in Sicily yacht sinking. What will happen to his $8.7 million fortune?
Morgan Stanley International
chairman
Jonathan Bloomer
and his wife Judy died in August 2024 in a tragic incident. The couple died when a 183-foot luxury yacht sank off the coast of Sicily, reported PEOPLE. Documents associated with the couple reveal what will happen to his multi-million dollar fortune.
#Pahalgam Terrorist Attack
Pakistan reopens Attari-Wagah border to allow stranded citizens in India to return
Key Jammu & Kashmir reservoirs' flushing to begin soon
Air India sees Pakistan airspace ban costing it $600 mn over 12 months
The Morgan Stanley boss who died on the Bayesian yacht left his £6.6million fortune to his wife. At the time of his death the couple, who lived in a grand £4.8million home in Sevenoaks had a gross value of £6,615,882 to their names, and a net value of £6,551,549 ($8,700,000)
What will happen to Jonathan Bloomer's wealth?
According to reports, in a will dated 1996, he appointed his wife as the sole Executrix of his estate, provided she survived him by at least 90 days. He instructed that, following the settlement of his funeral expenses and any outstanding debts, she should inherit all his real and personal property.
5
5
Next
Stay
Playback speed
1x Normal
Back
0.25x
0.5x
1x Normal
1.5x
2x
5
5
/
Skip
Ads by
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
His named beneficiaries included his wife, his children, and their respective families who were living at the time of his death, as well as various charities selected at the discretion of his trustees.
ALSO READ:
Fresh Pandemic in US? New virus spreads in all 50 states amid 'human transmission' concerns
Live Events
As a gesture of kindness, he also stipulated that his mother-in-law and his own parents each receive £100,000, provided they survived him. If, however, they did not outlive him, he directed that this sum be divided equally among his three children: James, Elizabeth, and Helena.
In a heart-wrenching tribute after last August's tragedy, the family of the couple said: 'Our only comfort is that they are still together now.'
They said: 'We are grieving for our loved ones and all of those affected by the tragedy. Our parents were incredible people and an inspiration to many, but first and foremost they were focused on and loved their family and spending time with their new grandchildren.
'Together for five decades, our only comfort is that they are still together now. This is an unimaginable grief to shoulder.'
ALSO READ:
Kanye West reunites with wife Bianca to sue dentist for making him addicted to nitrous oxide
Were his children also not to survive beyond Bloomer, his estate would have been split between his two brothers, Jeremy and Andrew, and his sister-in-law Gillian. The Bloomers were among the 22 passengers on the Bayesian when it sank on Aug. 19, 2024, off the coast of Porticello, though it remains unclear why exactly it went down so quickly.
Yacht chef Recaldo Thomas; British tech entrepreneur Mike Lynch and his daughter, Hannah Lynch; and New York City-based lawyer Christopher Morvillo and his wife, Neda also died.
ALSO READ:
Trump quips about Pete Hegseth's controversies as Defense Sec faces massive heat for Signal Gate scandal
The CEO of a London-based insurance company that Jonathan was the chairman of also said at the time that they were "deeply shocked and saddened," while Judy, who was a teacher prior to working as a psychotherapist, was remembered as a "wonderful friend," according to the BBC.
She previously served as a trustee for The Eve Appeal, a British-based charitable organization that funds research and raises awareness for gynecological cancers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
Trichy startups get branding support from AU incubation centre
Trichy: The state govt-funded Anna Business Incubation Research Foundation (ABIRF) has extended branding support to nine promising Trichy-based startups in various sectors to enhance their visibility. Under the Startup Brand Identity Launch programme, the foundation, which operates from Anna University Trichy campus, has extended suggestions and designed logos with brand names for the identified startups at a concessional rate. Officials said that all nine startups, which are in their early stage of their business ventures involving technology, are run by youths aged less than 32. The startups are from property technology, food, automobile, and robotics sectors. By using one of the startups nurtured by Anna incubation centre, brand logos and names for nine startups were designed by the centre. "Proper logo and brand names will enhance the startup's visibility, build brand equity, and accelerate market presence for early-stage ventures. It is quite expensive if done outside, so we utilised the help of one of our home-grown design startups to support others," Vinoth Malaikani, chief executive officer in-charge of ABIRF, said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo The newly designed logos that explain the roles and fields of each startup were launched by J Innocent Divya, commissioner, Directorate of Technical Education, at ABIRF office on Friday. "So far, our startup did not have a proper logo, and consumers were not understanding our domain. The new logo and brand name designed with the support of the incubation centre was cost-effective, and customers now understand our operational areas," Vinothkumar Palanivel, founder and CEO of LandMarket, a property tech startup, told TOI. The incubation centre provided suggestions in branding and outreach initiatives for the startups to attract their target consumers. ABIRF, which is supported by Entrepreneurship Development and Innovation Institute (EDII) of Tamil Nadu govt, has provided infrastructural support, mentoring, product development assistance, and investor connect services to the startups.
Time of India
an hour ago
- Time of India
Mondays are for hustle, Fridays for AI: Study reveals why Gen Z wants bots to do the boring stuff
In a revealing new survey by Grammarly, conducted in collaboration with Talker Research, American knowledge workers have offered a striking glimpse into their daily grind—and what they desperately want to leave behind. With productivity peaking at exactly 11 a.m. on Mondays and plunging into a nosedive by Friday at 12:06 p.m., the data shows that the modern office worker may be more reliant on caffeine and coping mechanisms than ever before. But as frustration brews, one thing is becoming crystal clear: artificial intelligence might just be the escape route everyone is hoping for. Too Many Tasks, Too Little Time The survey, which polled 2,000 American employees working in knowledge-based roles, revealed that the average worker faces a barrage of 53 tasks a week that derail their productivity. This task overload adds up to over three and a half hours of 'lost productivity' every single week—a steep cost in time and efficiency. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo And what are the culprits behind this loss? Repetition and monotony. A staggering 44% of respondents admitted to 'hating' the repetitive aspects of their jobs. The discontent is especially strong among Gen Z employees, with 57% reporting deep dissatisfaction with mundane tasks, compared to just 42% of Gen X workers. AI: Not the Enemy, but the Ally Enter AI, not as the job-snatching villain of workplace anxiety, but as the hero workers are actually rooting for. Sixty-two percent of participants said they're eager to use AI for certain tasks, and the enthusiasm is highest among younger employees. You Might Also Like: 'I earned my graduation degree before AI': This one-line reply got the candidate into next interview round What do they want AI to do? The wish list is pragmatic and insightful. Nearly half the respondents (49%) said they want AI tools that are easy to use. Over a third (35%) want help drafting emails, while another third said they'd love AI support for data sorting and meeting note-taking. Simplicity, autonomy, and integration with existing workflows are top priorities—indicating a growing demand for AI solutions that fit seamlessly into daily routines. Heather Breslow, Head of UX and Marketing Research at Grammarly, summed it up: 'By minimizing the tedious tasks that get in the way of true productivity, AI users have time to focus on more meaningful work that requires their judgment, creativity and care.' Policy Lag or Opportunity Lost? Despite widespread willingness to embrace AI, the corporate world appears sluggish in response. Only 38% of the surveyed workers said their companies have a clear AI usage policy. Yet half of all respondents—and a whopping 67% of Gen Z workers—wish their workplaces were more proactive in integrating AI tools. This enthusiasm stems from hope, not fear. Sixty-four percent view AI as a career growth opportunity rather than a threat. An overwhelming 76% believe AI will become essential in corporate roles—and they expect that transformation to become reality in just three and a half years. You Might Also Like: 'They copy-pasted from AI': Tech company offers Rs 20 lakh, can't find a single techie who understands code The Workplace Wake-Up Call Grammarly's report sounds a clear alarm for employers dragging their feet on digital transformation . As Breslow notes, 'For organizations to stay competitive in a landscape where everyone is harnessing AI, they must actively invest in helping their people use it well.' That means structured upskilling, thoughtful tool integration, and a cultural shift toward creating AI super users—teams empowered not just to adapt, but to thrive in an AI-powered future. Whether it's sorting spreadsheets, drafting meeting notes, or simply eliminating the dread of repetitive clicks, the message from the workforce is unmistakable: Let the bots take the boring stuff. We've got better things to do. You Might Also Like: Is ChatGPT making us dumb? MIT brain scans reveal alarming truth about AI's impact on the human mind
Time of India
an hour ago
- Time of India
Ahmedabad crash aftermath: Air India begins Rs 25 lakh interim payouts; trauma support offered to affected families
Air India has started releasing interim compensation of Rs 25 lakh each to the families of the deceased and survivors of the Boeing 787-8 plane crash that occurred in Ahmedabad on 12 June. In a statement issued on Saturday, the airline confirmed that three families have received payments so far, with the rest currently being processed. The compensation rollout began on 20 June. This interim support comes in addition to the Rs 1 crore compensation previously announced by Tata Sons, Air India's parent company. To aid grieving families, Air India has deployed a team of trained psychologists and doctors in Ahmedabad to provide trauma counselling and emotional support. A separate team comprising medical personnel, including nurses and a pharmacist, is addressing ongoing and emerging health needs. A helpdesk, active since 15 June, is assisting families with documentation and claim processing. The airline said this single-window system is helping speed up the compensation procedure. The team of medical personnel, including nurses and a pharmacist has been deployed to address ongoing or emerging health needs, Air India said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Laxmi Ji Idol For Wealth, Peace & Happiness Luxeartisanship Shop Now Undo The airline added that assistance is being extended to families through DNA identification procedures, and at least one caregiver is accompanying each family when mortal remains are released, ensuring respectful transport and funeral arrangements. Additional financial aid, covering travel, medical expenses, accommodation and funeral costs, is also being provided based on individual needs.
