Malcolm “Kim” Chace Jr. died in 2011 after becoming a billionaire thanks to Buffett buying his family firm. But now the Chace clan is descending into a brawl over the cash.
They’ll be there to attend Berkshire Hathaway’s annual meeting.
Warren Buffett, 92, and Charlie Munger, 99, will answer pre-selected questions from shareholders, but one topic is unlikely to come up: the feud among the family that created Berkshire Hathaway.On one side, his son Malcolm Chace IV, daughters Elizabeth Undell and Barbara Ulhela, their spouses and their grandchildren; on the other his second wife, his stepson and a nephew.
But things went sideways days before his death, when he laid in his bed inside a hospital room suffering from brain cancer.According to reports, it changed the annual money distributed to his soon-to-be-widowed wife Liz from $400,000 to $800,000. Two attorneys reportedly executed the codicil — one of them is now out of the legal business and the other did not return a call from The Post.“It causes tremendous concern that a codicil appeared last minute, changing the wishes of Mr. Chace days before his death,” Marianne Moran, the Palm Beach attorney representing the beneficiaries of Kim’s trust,“There is strong evidence Mr. Chace was incapacitated at the time of the alleged codicil.
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