Here’s something to chew on: Check out the Wrigley empire’s mansion collection

The family's true legacy is a vast portfolio of U.S. real estate

TRD New York TRD WEEKEND EDITION /
Dec.December 17, 2017 10:00 AM

(Pixabay)

From mansions and ranches to custom vacation homes built throughout the U.S., the true legacy of chewing gum tycoon William Wrigley Jr. is, apparently, his real estate portfolio. The vast collection of properties continues to benefit his descendants decades after his death in 1932.

When he died, Wrigley’s estate was worth about $40 million at the time — the equivalent of about $700 million today. With much of his investment tied up in real estate, it should come as no surprise that, as the Wall Street Journal reports, his grand children and great grand children have a wide and varied portfolio themselves.

From a California ranch and winery to a historic Chicago mansion, the Wrigley’s fortune continues to be measurable based on their addresses — especially since the family sold their company in 2008 to Mars Inc. for $23 billion.

Two of the Wrigley family’s mansions are currently up for sale, asking for a respective $4.9 and $7.5 million, according to the Journal.

[WSJ] — Erin Hudson


Related Articles

arrow_forward_ios
Red Apple Group’s John Catsimatidis and Muss Development’s Jason Muss (Getty; iStock)

Four Brooklyn landlords accused of illegally inflating rents

Four Brooklyn landlords accused of illegally inflating rents
A study found that NYC renters lose $178M per year due to long-term rentals being reallocated to the short-term market (Getty; Pixabay)

Airbnb costs New York City renters $178M a year: study

Airbnb costs New York City renters $178M a year: study
111 West 57th (Photo via FDNY Twitter)

Spinning crane at 111 West 57th Street casts debris on street

Spinning crane at 111 West 57th Street casts debris on street
Caliber Home Loans CEO Sanjiv Das and AmeriHome CEO Jim Furash (Photos via Caliber Home Loans; AmeriHome; iStock)

Two mortgage companies delay IPOs amid market volatility

Two mortgage companies delay IPOs amid market volatility
Denizen Bushwick at 54 Noll Street (Photos via Denizen Bushwick)

All Year nears $650M financing for Bushwick luxury rentals

All Year nears $650M financing for Bushwick luxury rentals
The decline in contract activity may signal a drop in sales in the coming months (iStock)

Pending homes sales dipped in September

Pending homes sales dipped in September
(Getty, iStock)

Refinancings drove up home mortgage apps last week

Refinancings drove up home mortgage apps last week
40 East 72nd Street and Spiros and Antonia Milonas  (Getty; Google Maps)

Under water: Shipping magnate’s troubled UES condo is bankrupt

Under water: Shipping magnate’s troubled UES condo is bankrupt
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...