NOT RICH
CHARLES CHAPLIN PROTESTS AT ASSESSMENT FOR TAXES. New York, August 31. Mr. Charles Chaplin has indignantly repudiated his classification as the riehest man in Hollywood. He has also protested to the tax authorities against the valuation of his securities at a figure approaching £2,000,000 (at the current rate of exchange). In his petition to the Board of Supervisors he admits that the securities he holds may have cost him something like the figure at which they- are assessed. To-day, however, at current market values, th'ey are worth less, he says, than £500,000. Little idea of Mr. Chaplin's total fortune can he obtained from the figures published, because it is understood that he has large investments in non-taxable securities. He will appear before the board shortly to substantiate his claim for a lower assessment. The names of Douglas Fairbanks and Harold Lloyd also appear near the top of the assessment list. But their fortunes, so far as they are disclosed by investments in securities, are consic[erably smaller than that of Mr. Chaplin.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 319, 5 September 1932, Page 7
Word Count
173NOT RICH Rotorua Morning Post, Volume 2, Issue 319, 5 September 1932, Page 7
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