![]() ![]() ![]() 4 on Forbes’ list of generous celebrities in 2008, Yahoo Finance says. 11 on Forbes’ list of rich celebrities and, according to Celebrity Net Worth, was the second highest-paid radio host in 2019 (behind Howard Stern).ĭespite Limbaugh’s caustic image, he also ranked No. According to Yahoo Finance, he earned $85 million a year from his radio show and had numerous real estate holdings including a $26 million home in West Palm Beach, Florida. More likely, it was the sheer size of his estate. It might have been Limbaugh’s quick demise, only a year after his diagnosis, that pulled the plug on his die-broke plan. Kathryn Limbaugh is the combative conservative’s wife and only heir, as the couple had no children in their 10-year marriage. Several years before, he had declared his plan to “die broke,” leaving nothing behind. In real life you can ask the widow of radio host Rush Limbaugh, who died of lung cancer in February 2021 and left an estate valued at a reported $600 million. ![]() He embarks on a frantic spending spree, including mailing a postcard with a $1.25 million stamp just to get rid of the cash. Just ask Monty Brewster, the baseball player in the 1985 Richard Pryor comedy Brewster’s Millions, who must spend $30 million in 30 days to inherit $300 million from a distant relative. Structuring your wealth so it supports you in life and still makes a difference after death is a delicate balance. Both plans take some expert planning – and a lot more work than you may think. Others simply want children and grandchildren to earn their wealth on their own, without the safety net of an inheritance. Others believe charity begins in a well-written estate plan that lets them leave a legacy of goodwill, even if there is only a small portion to give. Some people wish to live each day like it is their last, spending down all the money they have while they are alive. ![]()
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