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Fortune

Sydney Lake

With no heirs to leave it to, this billionaire is pouring his fortune into a Texas ghost town of about 25 people

IRS Texas David Long United States Sentinel

Photo of John Poindexter (Credit: Getty Images—Matthew Busch)

The $124 trillion Great Wealth Transfer is underway, and baby boomers are passing down their fortunes to their heirs.

But what happens when an ultrawealthy person has no descendants?

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Kentucky's measles count hit 94 on Oct. 5, the most since 1991, with seven hospitalized. See which counties are affected and what families can do.

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Fortune

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Trump suggests he would let Iran ‘take out’ Los Angeles or San Diego

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Hundreds of thousands expected as school protests start on ‘day of mobilisation’ across France – Europe live

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