Wellington R. Burt was an American lumber baron from Michigan, best known for his extraordinary wealth and the unusual stipulations of his will, which delayed the bulk of his fortune from being distributed for 92 years after his death.
Born in Pike, New York, on August 26, 1831, Wellington R. Burt moved to Michigan in the mid-19th century. He initially worked in the lumber industry, which was then a booming sector in Michigan.
Burt married twice and had several children. His relationships with his family were reportedly strained, which played a significant role in the unusual terms of his will.
Burt became a prominent figure in the lumber industry, amassing a significant fortune. He also invested in railroads, salt production, and other industries, contributing to his status as one of the wealthiest men of his time.
Burt’s will specified that the bulk of his fortune would not be distributed until 21 years after the death of his last surviving grandchild who was alive at the time of his death. This resulted in a 92-year delay in the distribution of his wealth.
Burt accumulated his wealth primarily through his involvement in the lumber industry in Michigan. He later diversified his investments into other sectors such as railroads and salt production, significantly increasing his fortune.
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