Morgan Stanley Chairman Dies in Yacht Sinking Off Sicily
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Jonathan Bloomer, the Chairman of Morgan Stanley International, along with his wife Judy, tragically passed away in August 2024 in a devastating incident when a 183-foot luxury yacht sank off the coast of Sicily. Amid this heartbreaking event, questions arise regarding the fate of Bloomer’s substantial fortune, valued at approximately £6,551,549 or $8,700,000.
According to the details revealed in documents associated with the couple, Jonathan Bloomer had outlined specific instructions for his estate in his will, which was crafted back in 1996. The will designated his children – James Bloomer, Helena O’Donnell, and Elizabeth Bloomer – as administrators, responsible for overseeing the distribution of his assets and funds. However, the circumstances surrounding his untimely demise have brought to light some critical provisions in his will.
In the event of Judy’s survival past Jonathan’s passing for a period of 90 days, she was set to inherit the estate as the sole executor. Unfortunately, as fate would have it, Judy did not outlive her husband. Consequently, Bloomer’s will directed that in the absence of his wife, the fortune should be equally divided among his surviving children. Furthermore, charitable institutions endorsed by his trustees were identified as potential beneficiaries.
The will also articulated provisions for close family members in the event of the children predeceasing Bloomer. His two brothers and sister-in-law were designated to inherit the estate in equal shares. As the intricate details of the will unfolded, it became evident that thoughtful deliberation had gone into ensuring the secure future of Bloomer’s loved ones and his estate’s beneficiaries.
The ill-fated yacht, known as the Bayesian, was carrying a total of 22 passengers when it unexpectedly sank on August 19, 2024, off the coast of Porticello. The Bloomers, alongside five other individuals, lost their lives in this tragic maritime incident, prompting an outpouring of condolences and tributes from those who knew them.
In a poignant statement released by the Bloomers’ family post the calamity, they honoured the couple as remarkable individuals who cherished family above all else. Describing their enduring bond of five decades, the family sought solace in the belief that Jonathan and Judy were together even in their final moments. Their plea for privacy during this trying time resonated with many who empathised with their unimaginable loss.
Industry colleagues and friends also expressed profound sorrow at the untimely demise of the Bloomers. The CEO of the London-based insurance firm where Jonathan held a leadership position conveyed deep shock and sadness, while Judy was fondly remembered for her warmth and altruism. Her association with charitable endeavours underscored her generous spirit and commitment to supporting impactful causes.
As the investigation into the yacht sinking continues, the legacy of Jonathan Bloomer and his dedicated service to the financial sector remain etched in the memories of those who knew him. The Bloomer family’s resilience in the face of adversity serves as a testament to the enduring bonds of love and kinship that transcend even the darkest of days.