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Merv Griffin's son is pissed and he's gunning for the people who are running his dad's companies, claiming they're squandering his money.
Tony Griffin claims in legal documents filed with the L.A. County Superior Court, the people running Merv's companies -- including Merv Griffin Entertainment and The Griffin Group -- have squandered part of Merv's fortune by engaging in "speculative ventures with funds which belong to the Trust."
The docs claim the estimated value of the Merv's estate was in excess of $50 million, after estate taxes and other debts were paid (the estimated value before these obligations were paid was $136 million). There were reports Merv's fortune at death was more than a billion bucks!
Tony, who turns 50 this year, is entitled to $2 million a year minimum. If the businesses are ever liquidated, he gets 60% after obligations are paid out.
But here's what we are hearing from the inside. Merv Griffin Productions has actually done pretty well, selling programs to both network and cable. And we're told, the value of the estate has been affected by the economy. For example, Merv's 147-foot yacht is up for sale. Its estimated value was $28 million, but now it's going for $11 million and so far, no takers.
Merv's trust has houses -- including an 18th-century manor in Ireland -- and the value has gone down.
And we have to mention this ... A dude named Ron Ward got $500,000 from Merv "with the request, but not a condition, to take care of [Merv's] dogs." Interesting Tony didn't get the dogs.
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Reader Comments
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That's heartbreaking... only 2 million a year and 60% of the proceeds of the company when liquidated. Reminds me of this story: www.ksne.com
EEEEEWWWWW TMZ, where did you get that picture of Merv Griffin? Did you dig up his corpse?
EEEEEWWWWW TMZ, where did you get that picture of Merv Griffin? Did you dig up his corpse?
Posted at 2:18PM on Aug 5th 2009 by Son of The Cryptkeeper
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He does look ghostly!
damn memememe - how many variations of your name do you use?
5. First!
Posted at 2:31PM on Aug 5th 2009 by THE REAL THE ONE THE ONLY Mememememememememe
Ha ha ha douche, not even close.
This kinda of a prime example of how MJ's fortune will be screwed over.....I pray that Ms. Katherine is given the right to view the finacial everything that is going on with her son's money..........at least to see that she isn't being swam boozled.......so much for wishful thinking...................I think MJ should have been considered incompetent to handle his financial decisions as far as a will is concerned who knows how far gone he was on that day of signing..The Will...and he trusted theses guys..............the executors..........................I will gon and give it all to GOD in prayer and pray that MJ heirs are not royally screwed like Merv's heirs.........really sad.................money is the root to all the evil that men do.................Let Us Pray!
If you want your money, I would get a team of lawyers, a couple of strong arm types. Visit there home,office, Jump up and down on them (lol) or there desk, and make them accountable now, Don't let them leave the room until you get whats owed to you,These tactics will get results, you might want to bring a baseball bat, to help get your point across,,Just trying to help
Uh, Mememememememememe, you're starting to scare me ... and I'm Miley Cyrus' stalker.
M.G. must have left his estate this way...for a reason !!!
sorry tony...accept it...move on with your life...
Daddy wants some of the pie too.:
Times are tough all over. You're not the only one losing money. Most of us earned the money we're losing though and didn't get it from daddy. Quit whining, crybaby.
First, Merv had only one dog, not dogs, and secondly Tony didn't like the dog (Merv loved Charlie Chan, the dog) Tell you the truth, I don't think Charlie Chan, the dog didn't like Tony.
