Patricia Kluge Loses her Wealth, Takes up a Day Job
Patricia Kluge, seen for years as one of America’s richest divorcees, has taken up a day job after she went bankrupt in June. Kluge along with William Moses, her third husband, will oversee the production of wine at the newly renamed Trump Winery in Charlottesville, VA. The woman who was famous for her spectacular Virginia mansion, a large collection of jewels, and a huge pile of cash from her former husband, media mogul John Kluge, lost her fortune due to bad business decisions and poor financial management.
The good thing is that her day job is not an ordinary one. She is working for the winery taken over by Donald Trump, which had been built on her estate in Virginia. It was a financially risky venture that led her to seek bankruptcy protection from creditors. However, Kluge is still not the one to settle for an ordinary life. She rents a lavish 6,000 square-foot home with five bedrooms and a swimming pool in an exclusive gated community close to her old mansion.
Kluge’s saga of financial undoing is not very different from that of so many Americans who overused their credit cards and borrowed heavily during the times of the economic boom. As the creditors closed in on her, her financial straits became public knowledge. At last, she has chosen to speak publicly about her bankruptcy. She appears resolute and confident to survive without the servants that at one time attended to guests at her lavish parties.
For the moment, Kluge and her husband Moses will earn nearly $250,000 under a 12-month contract to work for Trump’s winery. She handles wine production, bottling and marketing, while Moses looks after the legal and issues part time. About a third of their earning goes to rent (she still has not learned much). Kermit Rosenber, the couple’s lawyer, says that the future remains unclear for Kluge since they have walked out of bankruptcy with nothing. Well, at least she has her third husband around to share her life with.
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