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Morgan Stanley Chairman and Wife Died in Sicily Yacht Sinking. Here's What Will Happen to His $8.7 Million Fortune
Morgan Stanley Chairman and Wife Died in Sicily Yacht Sinking. Here's What Will Happen to His $8.7 Million Fortune

Yahoo

time02-05-2025

  • Business
  • Yahoo

Morgan Stanley Chairman and Wife Died in Sicily Yacht Sinking. Here's What Will Happen to His $8.7 Million Fortune

Morgan Stanley International chairman Jonathan Bloomer and his wife Judy died in August 2024 when a 183-foot luxury yacht sank off the coast of Sicily. Documents associated with the couple reveal what will happen to his multi-million dollar fortune. In a letter of administration obtained by PEOPLE, Bloomer's estate had a net value of about $8,700,000 (or £6,551,549). The couple's children — James Bloomer, Helena O'Donnell and Elizabeth Bloomer — were named as administrators of his will, which was written in 1996 and also obtained by PEOPLE. Related: After Yacht Sinking Tragedy, Family of Exec Jonathan Bloomer and Wife Judy Say 'Only Comfort' Is They're 'Together' According to his will, Bloomer appointed his wife Judy as the sole executor of his estate, which she would receive after all funeral expenses and debts were paid off, so long as she survived him for a period of 90 days, which she did not. In the event that his wife did not survive him, Bloomer stipulated that the money should be divided equally among his surviving children. The will listed Judy and their children as the beneficiaries of his estate as well as any charitable institutions his trustees "think fit." Additionally, he wrote that in the event that his own parents or his mother-in-law were still living at the time of his death, they should each receive about $133,000 (or £100,000). If his children did not survive him, he stipulated that his estate should be split evenly between his two brothers and his sister-in-law. Related: What We Know So Far About the Missing Victims in the Sicily Yacht Sinking 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. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories. In a statement obtained by the BBC and Sky News in the aftermath of the sinking, the Bloomers' family described the couple as "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," they wrote. "Together for five decades, our only comfort is that they are still together now," the family continued. "This is an unimaginable grief to shoulder. Our only ask is that our family's privacy is respected at this time." Related: Mike Lynch's Friend Shares What Life Was Like Onboard Yacht Before It Sank: 'Truly Luxurious Cabins' 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. Read the original article on People

EXCLUSIVE Morgan Stanley boss who was killed in the Bayesian yacht tragedy left £6.6million fortune to his beloved wife - who died alongside him
EXCLUSIVE Morgan Stanley boss who was killed in the Bayesian yacht tragedy left £6.6million fortune to his beloved wife - who died alongside him

Daily Mail​

time29-04-2025

  • Business
  • Daily Mail​

EXCLUSIVE Morgan Stanley boss who was killed in the Bayesian yacht tragedy left £6.6million fortune to his beloved wife - who died alongside him

The Morgan Stanley boss killed on the Bayesian yacht left his £6.6million fortune to his wife - who also died in ocean tragedy. Jonathan Bloomer, 70, and his wife Judy, 71, from Kent, were among the seven people who died when the 56 meter sailing boat sank off the coast of Sicily last August. Tech tycoon Mike Lynch, 59, and his daughter Hannah, 18, both from Suffolk, also died after the £30 million vessel was hit by an over-sea tornado, known as a waterspout. Teenager Hannah was the last to be found, hidden behind a mattress below deck. She had won a place to do English Literature at Oxford and was due to start her studies when she returned from the trip. A pre-inquest hearing into the Mediterranean horror earlier this month delayed a full inquest until two criminal investigations, in the UK and Italy, had been completed. Now the tragic final requests of Mr Bloomer reveal how the top investment banker went to the yacht unaware of the tragedy that would strike. 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. In a will made in 1996, he appointed his wife as the sole Executrix of his estate if she were to survive him for a period of 90 days. He directed that she should receive all his real and personal estate after his funeral and any other debts had been paid off. As beneficiaries he named his wife, his children and the families of his children living when he died, alongside charities at the discretion of his trustees. In kind tributes to his relatives, he further directed that his mother-in-law and own parents should each receive a sum of £100,000 if they were to survive him. However, were Ms Bloomer not to survive him, he directed that the money should instead be given in equal shares to 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.' Were his children also not to survive beyond Mr Bloomer, his estate would have been split between his two brothers, Jeremy and Andrew, and his sister-in-law Gillian. In a pre-inquest earlier this month, Simon Graves, a principal investigator for the Marine Accident Investigation Branch (MAIB), said the Bayesian was registered in the Isle of Man so there is a British safety investigation, separate to ongoing criminal investigations. Suffolk's senior coroner Nigel Parsley asked if the 'vessel itself was a primary source of evidence' and Mark Cam, of the Maritime and Coastguard Agency, said 'absolutely sir'. Italian authorities are continuing a manslaughter probe into the deaths on the £30 million vessel, the inquest also heard. Speculation about the tragedy has centred around claims of human error and design flaws – the latter firmly refuted by the Italian designers, who filed a massive lawsuit for 'reputational damage'. The Maritime Coastguard Agency told the hearing in Ipswich that it had been running an investigation in parallel with the Italian authorities. An inspector, Mark Cam, said it would be relying on an inspection of the Bayesian as a 'primary source' when she has finally been brought ashore by a salvage crew next month. 'We are looking at whether there has been culpability in breaches of maritime legislation,' he said. 'The Italians are conducting a criminal investigation which incorporates the equivalent of manslaughter.' The others who died, in addition to the four British nationals, were US lawyer Chris Morvillo and his wife Neda Morvillo, and Canadian-Antiguan national Recaldo Thomas who was working as a chef on the vessel.

How and where to watch the Lyrid meteor shower
How and where to watch the Lyrid meteor shower

The Guardian

time13-04-2025

  • Science
  • The Guardian

How and where to watch the Lyrid meteor shower

With the Lyrid meteor shower expected to light up the skies this month, we reveal how to get the best view and what to look for. This annual celestial display occurs every April when the Earth passes through debris left by comet C/1861 G1 (Thatcher) on its orbit around the Sun – a journey that is thought to take about 416 years. 'It's sort of falling apart as it goes,' said Dr Ed Bloomer, an astronomer at Royal Observatory Greenwich. As Earth orbits the sun it collides with this debris and the specks of dust burn up in the Earth's atmosphere. That creates a meteor shower, which is seen in the same part of the sky each year. The Lyrids appear to come from near the constellation Lyra, the harp, from which the shower gets its name. It is thought to be the oldest recorded meteor shower, with sightings documented in China in 687BC. The Lyrid meteor shower lasts for several days, with Bloomer noting the greatest period of activity is expected to be between 19 and 25 April, although meteors might be visible from early this week. The shower is best viewed in the northern hemisphere but can be seen in the southern hemisphere where the constellation of Lyra is visible. Grab a blanket or deck chair, find somewhere dark, and set up your spot. Then glance up. Bloomer said the best time to view the shower in the UK is about 4-5am. He recommended facing east and then turning about 30 degrees towards the north-east, allowing the meteors to cut across your field of vision. You can also use star map apps on your phone to help locate the constellation of Lyra. As Bloomer noted, the Lyrids do not look like fireworks, but rather transient sparks of light – although occasionally larger pieces of debris burn up in the atmosphere resulting in bright, longer-lasting meteors known as fireballs. 'There's no real shortcut to it. You've got to let your eyes adjust to the dark, and you've got to keep at it,' he said. 'The rate might only be 18 per hour.' Bloomer added that the meteors can come in fits and starts, and a flurry can be followed by several minutes without any. 'And if you blink at the wrong time, you might miss that one,' he said. 'So it's quite a personal experience because you've no time to alert anybody to it.' Indeed, when it comes to viewing the skies, it seems the most important tool is patience. 'You just have tobliss out a little bit, or be a bit Zen and just look at the sky,' said Bloomer.

Insurer Hiscox lines up chairman months after Bayesian sinking
Insurer Hiscox lines up chairman months after Bayesian sinking

Yahoo

time07-04-2025

  • Business
  • Yahoo

Insurer Hiscox lines up chairman months after Bayesian sinking

Hiscox, the London-listed insurer, is close to naming a new chairman nearly eight months after the drowning of Jonathan Bloomer on the luxury yacht of technology tycoon Mike Lynch. Sky News has learnt that Hiscox has narrowed its search to candidates including Richard Berliand, who chairs the interdealer broker TP ICAP. Insurance insiders said that Mr Berliand was among fewer than a handful of potential successors to Mr Bloomer. The sinking of the Bayesian off the Sicilian coast last August claimed the lives of Mr Lynch and his daughter, along with five other passengers, including Mr Bloomer. A former boss of Prudential, Mr Bloomer was a well-liked figure in the City. He had chaired Hiscox for just a year when he died. The identities of the other candidates being considered by the company were unclear on Monday. Read more business news Hiscox, which has a market capitalisation of just over £3.8bn, has seen its shares slip by about 12pc over the last year. It was founded as a single underwriter at Lloyd's in 1901. A Hiscox spokesperson declined to comment.

The 'big' teams that haven't won a major trophy for at least 10 years
The 'big' teams that haven't won a major trophy for at least 10 years

The Guardian

time19-03-2025

  • Sport
  • The Guardian

The 'big' teams that haven't won a major trophy for at least 10 years

'In case you haven't heard, it's been quite the week for those associated with Newcastle United but who are the big* teams that haven't won a major trophy for at least 10 years?' asks Richard Goss (*desperately requires clarification). 'I've done the research on teams that have won a European trophy,' responds our very own Rob Smyth. 'Here, that means a European Cup/Champions League, Cup Winners' Cup, Inter-Cities Fairs Cup, Uefa Cup, Europa League, or Conference League (Intertoto Cup, alas, does not qualify). Obviously that means missing out some big clubs such as Wolves – one could maybe include them on the grounds that they beat Honved in a game that helped to catalyse the creation of the European Cup. But obviously you can keep going with this – Sunderland, Sheffield Wednesday, Huddersfield, also miss out. To many people, they are all big clubs. 'We also need to clarify what constitutes a 'major' trophy. Here, this means any European trophy (except the Intertoto), a domestic top-flight league or established domestic cup (FA and League Cup, but not Community Shield, Full Members Cup, etc). On that basis, these are the big teams who haven't won a major trophy for at least 10 years.' 11 years Aberdeen (League Cup, 2013-14)13 Marseille (Coupe de la Ligue, 2011-12)14 Schalke (DFB-Pokal, 2010-11)16 Werder Bremen (DFB-Pokal, 2008-09)17 Tottenham Hotspur (League Cup, 2007-08)21 Real Zaragoza (Copa del Rey, 2003-04)23 Parma (Coppa Italia, 2001-02)24 Fiorentina (Coppa Italia, 2000-01)29 Aston Villa (League Cup, 1995-96)30 Mönchengladbach (DFB-Pokal, 1994-95); Everton (FA Cup, 1994-95)31 Sampdoria (Coppa Italia, 1993-94)33 Leeds United (Division One, 1991-92)35 Nottingham Forest (League Cup, 1989-90)38 Hamburg (DFB-Pokal, 1986-87)42 FC Magdeburg (FDBG-Pokal, 1982-83)44 Ipswich Town (Uefa Cup, 1980-81) 'Harry Kane has scored over 400 goals for club and country without winning anything at senior level,' notes Michael Pilcher. 'Assuming he breaks his duck this season, who will hold the record for most career goals without a major honour and most career goals without a trophy at any level?' By our calculations, Harry Kane has scored a total of 438 career goals for club and country and is famously yet to win a major team honour. The Bayern striker recently took the unwanted crown for an English player from Steve Bloomer, who scored 420 for Derby, Middlesbrough and England between 1891 and 1914. 'Bloomer is second on the English all-time top-flight top scorers list, behind Jimmy Greaves, as far as I can tell,' says Tom Paternoster-Howe. 'The Derby County legend only won the 1911-12 Second Division. His Derby teams were also First Division runner-up once and losing FA Cup finalists three times. He also played for Middlesbrough, who naturally didn't win anything.' Bloomer was crowned British champion three times in the 1890s in baseball, playing for Derby Baseball Club. The Worcestershire-born forward – who started a coaching career in Germany in 1914 before becoming a World War I prisoner there – later managed the Spanish side Real Unión to a Copa del Rey success, in which they beat Real Madrid 1-0 in the 1924 final. So despite a goal-rich and trophy-barren playing career, he did at least collect some silverware before he returned to England, where he worked for the rest of his life as a groundsman and general assistant at the Baseball Ground, Derby's now former ground). Outside the top flight, John Whyte suggests Arthur Rowley, who scored 434 goals in England and never won a top-level trophy, although he won the Second Division title three times with two clubs, Fulham and Leicester City. For the most career goals without a trophy at any level, though, Dirk Haas may have the answer: 'Abe Lenstra (624 goals) never won a trophy. He narrowly missed out on winning the 1957-58 Eredivisie, losing the Championship playoff with SC Enschede against DOS.' Lenstra remains a Dutch legend, devoted to Heerenveen across 18 seasons (registering more goals than appearances in 13 of those seasons) and regarded as their greatest player – the club's stadium is named after the striker. Lenstra did guide the club to nine regional titles (Northern Championship) in the 1940s and early 1950s before the professional era in the Netherlands, but was unable to earn a national championship, despite that near miss in 1958. Last week we asked what the highest-scoring Premier League game that didn't feature an English-born scorer was, the answer being Everton 3-6 Chelsea in 2014; a game that featured nine goals by players from Belgium, Brazil, Cameroon, Ireland, Scotland and Serbia, but not England. We asked for your help for the equivalent question in other European nations and, as ever, you obliged. 'I can set the bar at 10 for La Liga,' roars Sean DeLoughry. 'When Real Madrid beat Sevilla 7-3 on 30 October 2013 the scorers were Karim Benzema (France, two goals), Cristiano Ronaldo (Portugal, three), Gareth Bale (Wales, two), Ivan Rakitic (Croatia, two) and Carlos Bacca (Colombia, one). Over to Ligue 1, and we think we have a winner. 'I have 13 goals: Sochaux 12-1 Valenciennes on 25 August 1935,' Mykola Kozlenko triumphantly announces. 'It's the biggest victory in the history of French football and all goals were scored by foreign-born players: André Abegglen (Switzerland, seven), Leslie Miller (England, two), Roger Courtois (Switzerland, three) and Ignace Kowalczyk (Germany, one for Valenciennes).' 'What is the longest distance from where a player has scored a direct free-kick?' asked John Sandy in 2018. Danny Michaux emailed in, although he was not alone, to remind us all of this wonderful effort – measured at 95 or 96 yards by most media outlets – from Paul Robinson in 2007 for Tottenham against Watford. He walloped a free-kick from deep inside his own half to then see it bounce over his former England colleague Ben Foster and into the net, much to his and the crowd's surprise. Robinson felt only sympathy for his opposite number, but the Spurs manager Martin Jol found it much more entertaining. 'You can say now that we really are scoring from all angles at the moment,' he chuckled. 'Uzbekistan are playing Kyrgyzstan in a World Cup qualifier this Thursday,' notes Ben Jones. 'Is this fixture the highest combined Scrabble score for a pair of Fifa nations? Bosnia and Herzegovina might have something to say but I'm looking for a combined score from two teams who have actually played each other.' [We make the total for this fixture 55 – Uzebkistan scoring 25, Kyrgyzstan 30]. 'As I write, the top six in this season's Eredivisie table all have predominantly red home kits,' writes Darren Beach. 'Since the first Dutch professional league in 1956-57, all but one of its champions – the now-defunct DWS Amsterdam in 1964, who played in blue/black stripes – won the title with red as its primary shirt colour. That's seven red-clad clubs – Ajax, Feyenoord, PSV Eindhoven, AZ Alkmaar, Twente, Sparta Rotterdam and FC Utrecht (as DOS) – sharing all but one of 67 titles. Can any other domestic league compete with this level of one-colour dominance?' 'With Gareth Taylor being sacked by Manchester City five days before the Women's League Cup final, do you know of any managers who have been sacked any closer to a major final?' asks Matt McBride. 'One fact I've always enjoyed is that in 2003-04, Marlon Harewood played 19 league games for Forest, then joined West Ham, who had a game in hand, for whom he played 28 times,' emails Simon Treanor. 'Therefore he played 47 times in a 46-game league season (plus three in the playoffs). Can anyone beat this?' 'After 28 matches, Spurs are 13th, with a goal difference of +14,' sighs Christopher Zorn. 'What's the lowest a team has ever finished a season with a goal difference higher than their final league place?' Mail us with your questions and answers

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