Ugo di Portanova. Quite a name . . . and quite a story. The Houston Chronicle had an interesting feature today about this heir to a massive oil fortune. Di Portanova has assets valued at more than $65 million (which he largely inherited). So you’d assume he’d wield great power with all that money, right? Sadly, it’s just the opposite.
Di Portanova has been declared legally incapacitated (at least in part) continuously since 1967. After a long fight, he won the right to manage $1,000 per month, marry who he wants, and make a will. But he lost his quest to end the guardianship, so he has almost no say in management of his own money or other important decisions in his life.
Diagnosed with schizophrenia, di Portanova, now age 74, has lost more than the right to make most of his financial and other decisions. He has also lost many millions of dollars to exorbitant legal fees, guardian and trustee salaries, court costs, and related expenses. The Chronicle reviewed