Hon James Palumbo attempts reconciliation with father Lord Palumbo

[Shinjinee]

A rather interesting family, although the family dispute isn't all
that unusual.

http://www.dailymail.co.uk/tvshowbiz/article-1210846/Richard-Kay-Palumbo-bury-hatchet.html

46-year old Jamie Palumbo (b 6 June 1963), elder son of Lord Palumbo
(life peer) by his first marriage to Denia Wigram (d 1986 of cancer),
is attempting a reconciliation with his father.

In the same year, Lord Palumbo remarried Lebanese beauty Hayat Calil,
by whom he has had issue one more son and two more daughters (he had
one son Jamie, and two daughters by his first marriage to Denia).

Jamie was ordered out of the family home on Christmas Day circa
Christmas 1984 I assume.

Since then, he and sister Annabella Adams (b ca 1962) successfully
sued their father for spending too much out of the family trust The
Rugarth Investment Trust, created by grandfather Rudolf (or Rudolph)
Palumbo who made a fortune out of post-war property development in the
City.

"Then came the writ in 1995 when James and his sister Annabella
accused their father of plundering the family trust of £30 million and
allowing it to cascade away on extravagances, including £2.5 million
on vintage wines and cars.
The children won the case which is, perhaps, why it will take more
than simply Jamie's offer to talk to rectify matters. "

Read more: http://www.dailymail.co.uk/tvshowbiz/article-1210846/Richard-Kay-Palumbo-bury-hatchet.html#ixzz0QaAC8tOd

Jamie Palumbo has since founded The Ministry of Sound, a London
nightclub.

On the grandfather, Rudolf or Rudolph Palumbo, who founded the family
fortune:

http://www.independent.co.uk/opinion/profile-builder-of-dreams-or-monuments-peter-palumbo-a-visionary-at-the-arts-council-1465222.html

Peter Garth Palumbo was born - in 1935 - .... His father - 'Sir' until
Peter was 18; 'Papa' in public from then on - drummed into his only
child the idea that 'the best was only just good enough'.

Rudolph Palumbo was a self-educated and immensely successful property
developer, the son of an Italian emigre who ran a cafe in Lower Thames
Street, a bun's throw from his grandson's City office. Rudolph was
born with a greasy spoon in his mouth; he made sure Peter tasted only
silver.

...
[beginning of extracts from Wikipedia]

http://en.wikipedia.org/wiki/Peter_Palumbo,_Baron_Palumbo
Peter Garth Palumbo, Baron Palumbo (born 20 July 1935) is a property
developer, art collector and architecture connoisseur.
...
He married Denia Wigram in 1959 and they had one son and two
daughters; after she died in 1986 he married Hayat Mroue (daughter of
a Lebanese newspaper publisher) with whom he had another son and two
daughters. His son from the first marriage, James "Jamie" Palumbo owns
the Ministry of Sound nightclub and record label and is also a
property developer. Jamie, who the Sunday Times Rich List 2004
estimates has a net worth of £136m, is a noted backer of the Labour
Party (whereas Peter Palumbo is a Conservative Party peer). In 1995
Peter Palumbo was sued by Jamie on the grounds that he had been
abusing the family trust fund to pay for artwork purchases.
..
He was created a life peer on 4 February 1991 as Baron Palumbo of
Walbrook in the City of London, after the neighbourhood around St
Stephen Walbrook.

http://en.wikipedia.org/wiki/Jamie_Palumbo
Born in 1963, James 'Jamie' Palumbo is the eldest son of Peter Garth
Palumbo (Lord Palumbo) and his first wife Denia Maud Elizabeth Palumbo
(née Wigram). As the grandson of Italian immigrant and successful
property developer Rudolf Palumbo, James had a privileged childhood
and grew up at Buckhurst Park, Windsor, Berkshire, now the UK home of
the King of Jordan.
..
Court case
A well-documented stage of Palumbo’s life was his six-year legal
battle with his father over his deceased grandfather’s trust. Having
disengaged from his family in the mid-eighties, Palumbo launched court
proceedings in 1995, challenging his father’s management of the family
trust. The outcome was that Lord and Lady Palumbo were removed as
trustees, with control being handed over to a team of legal and
finance professionals.


[edit]Personal life
Palumbo has never married; he has one son, Alessandro, who was born in
1991 to [a Middle Eastern woman] Atoosa Hariri. He lives in London
with his best friend Rawipim Paijit [a Thai woman].

[end of extracts from Wikipedia]

A profile of Jamie Palumbo as a person 9 August 2009
http://www.independent.co.uk/news/people/profiles/james-palumbo-theres-only-money-sex-ndash-and-music-and-mellowing-1769708.html

Apparently feared at his old school Eton, where he became the youngest
Captain of House...

"But Palumbo's reputation as a Keyser Soze figure is fading. The
secretive, aggressive young-man-in-a-hurry of the past, the one who
successfully sued his father over control of the family fortune, is
starting to chill out."

"His private life is another source of intrigue. He has never married
but has an 18-year-old son, Alessandro, from a brief affair with a
Middle Eastern woman, Atoosa Hariri. Despite his riches, he lives in
the first flat he ever bought, with a Thai woman whom he calls his
best friend, Rawipim Paijit, or Pim."

[The Independent says the family fortune was built by great-
grandfather Rudolph, surely a typo, because Rudolph was his
grandfather].

On the family trust
http://www.independent.co.uk/news/uk/lord-palumbo-accused-of-benefiting-from-trust-1369228.html

"It is understood that relations in the family have been strained
since Lord Palumbo married Hayat Calil following the death of their
mother, Denia Wigram, in 1986, particularly since he started a second
family.

....

It is understood that James and Annabella became concerned about
changes made two years ago to the way in which the trust, set up in
1955, was managed.

In its annual survey of the the 500 richest people in Britain, the
Sunday Times yesterday ranked Lord Palumbo equal 148th with a fortune
of pounds 80m, a fall of pounds 50m from the previous year. This
reflected the declining net asset value of the Rugarth Investment
Trust, which is the management vehicle of the family fortune.

[end extract from The Independent]


Shinjinee

[Shinjinee]

On Sep 9, 10:16 am, Shinjinee <ssenpub...@gmail.com> wrote:

> In the same year, Lord Palumbo remarried Lebanese  beauty Hayat Calil,
> by whom he has had issue one more son and two more daughters (he had
> one son Jamie, and two daughters by his first marriage to Denia).

Hayat Emma Morowa [sp], daughter of an assassinated Lebanese
journalist, is the former wife of tycoon Ely Calil (they married
briefly in 19__; she was his second wife). Date of marriage unknown.


http://www.timesonline.co.uk/tol/comment/article399180.ece?token=null&offset=12&page=2
He was born on December 8, 1945, in Kano, Nigeria. His father was
Lebanese and had been living in Turkey, but fell out with the regime
and fled to Nigeria, where Lebanese traders enjoyed a pervasive
economic influence.

In 1941 he founded a groundnut empire and Nigerian Oil Mills (Nom). On
his death in 1970 he bequeathed much of his wealth to Ely and his
brother Bernard, who is currently the managing director of Nom.

Ely prospered but his marriages did not. In 1972, at the age of 26, he
married Frances Condron, the daughter of a Tennessee tobacco
millionaire. They had two children, George and Katherine. His second
marriage was to the Lebanese beauty Hayat Emma Morowa, which produced
two more children, Karim and May. But Morowa left him for the London-
based property tycoon Peter (now Lord) Palumbo, leading to an
acrimonious divorce in 1985. Four years later he married Renuka Jaine,
his current wife, an Indian with whom he has a 14-year-old daughter,
Yasmine.

http://www.aarongardner.net/blog/archives/000132.html gets the
marriage date wrong

"He married his first wife, the Tennessee tobacco heiress Frances
Condon, at Farm Street Roman Catholic Church in Mayfair in 1972.

The couple divorced in 1985, and the following year Mr Calil married
the Lebanese socialite Hayat Emma Morowa. This marriage also failed,
and Mr Calil married his third wife, Renuka Jaine, in 1989."