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Fortune
Fortune
Emma Burleigh

The heiress of $10 billion Perdue farms and the $12 billion Sheraton hotel empire wore hand-me-downs, still rides the subway, and flies economy

Mitzi Perdue (Credit: Chance Yeh—Getty Images)

The thought of a billionaire’s lifestyle may conjure up images of Great Gatsby mansion-buying and jet-setting at the drop of a hat. But the life of an heiress with the wealth of two multibillion-dollar American businesses looks a lot different.

Mitzi Perdue was born into the Sheraton hotel family, and at just the age of 26, she and her siblings inherited the controlling stake of the business owned by their father, Ernest Henderson. The success of her family’s $12.2 billion hospitality company meant she was now sitting on a considerable nest egg.

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