A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


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  Part III-Chapter 13 : Automobile and Aviation  > W. C. Durant  :     Previous   1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10
                                                                                                                                                     
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   William Crapo Durant - ruin and death

Page entitled : family background of GM founder William C. Durant

Content of this page is about :
Billy Durant could not withstand the temptation to bet his nest egg on the falling stock market and was ruined, never to manage another comeback until his death in 1947


Extract :
... Durant bet his last resources on this recovery. But the markets did not recover in the wake of the October 1929 crash and Billy Durant, like many of his contemporaries lost everything he had. He managed to stave off personal bankruptcy until February 1936, when he listed debts of  ...

 

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