Shortly before his suicide in a French hotel on June 8, 2018, celebrity chef Anthony Bourdain was the subject of an unofficial biography.
The new book, “Down and Out in Paradise: The Life of Anthony Bourdain,” reveals text exchanges between Bourdain and his estranged girlfriend, Italian actress Asia Argento, as well as his ex-wife Ottavia Busia-Bourdain, The New York Times, reports, So what was his net worth at the time of death?
At the time of his death in 2018, American chef, author, and television host Anthony Bourdain was worth $8 million. The television shows that Anthony Bourdain hosted were his claim to fame. He also authored several books, the most well-known of which are those related to food and culture.
In 1978, he earned a diploma from the prestigious Culinary Institute of America. Over the years, he worked as a chef at several establishments, including the renowned French restaurant Brasserie Les Halles, where he held the position of executive chef for a considerable amount of time.
His best-selling memoir, Kitchen Confidential: Adventures in the Culinary Underbelly, is based on a 1999 essay titled “Don’t Eat Before Reading This.”
Page Six reported that Bourdain’s assets totaled $500,000, including $250,000 in tangible property, $250,000 in personal belongings, $35,000 in a brokerage account, and $500,000 in “intangible property including royalties and residuals.”
According to Bourdain’s will, his ex-wife Ottavia Busia received his flight miles, and his now-14-year-old daughter Ariane Busia-Bourdain would inherit the bulk of his $1.21 million fortune when she comes of age.
Wealthy People Often Use Trusts for Secrecy and Tax Planning
Bourdain likely had a large fortune, even though his reported net worth at the time of his death was only $1.2 million. All of his assets, not only his bank and investment accounts, must be included in the calculation of his genuine net worth.
In 2014, for instance, Anthony dropped $3.35 million on a Manhattan condo. After only a few short years, the value of that apartment had risen to almost $5 million. Anthony owed over $1 million in mortgages, as shown by bank data available to the public.
A closer examination of Bourdain’s will reveals that he placed the vast majority of his assets into a trust in 2016. His daughter was named in his will to receive the trust’s proceeds.
Separate and apart from their wills, wealthy people frequently employ trusts for a variety of reasons, including secrecy and tax planning. All things considered, an estimate of $8 million seems more reasonable than the $1.2 million that was widely reported in the media.
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