How Much Money Did Jackie Kennedy Inherit From Onassis

Will Gives Mrs. Onassis $250,000 a Year

June 8, 1975

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June 8, 1975

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ATHENS, June 7—Aristotle Onassis left the bulk of his estate to his daughter Christina, but provided for an annual allowance of $250,000 to his widow, Jacqueline Kennedy Onassis, according to his will published here today.

Mr. Onassis stated in his will that half of his estate should be used to finance a foundation, to be known as the Alexander Onassis foundation, to carry out welfare activities, for the most part in Greece. The foundation Is dedicated to Mr. Onassis' only son, who died following a plane crash in 1973.

The bequest to Mrs. Onassis breaks down to $100,000 a year from tax‐free bonds, plus an additional $100,000 a year in personal income for herself and $50,000 a year for her children.

The foundation, to be set up in Vaduz, Liechtenstein, will be financed through two new companies, Alpha and Beta, in which Miss Onassis, who is 24 years old, will hold a substantial number of shares.

Miss Onassis and her stepmother will also be on the board of directors of the foundation.

Miss Onassis, like her stepmother, will also receive an annual allowance of $250,000. If she marries, her husband will receive $50,000 a year for life.

Mr. Onassis died In a Paris clinic in March at the age of 69 after a long illness.

According to the handwritten will, drafted by Mr. Onassis on Jan. 3, 1974, on his private jet on a trip from Acapulco, Mexico, to New York, Mrs. Onassis signed a document in New York, in which she gave up all rights to her husband's estate.

In exchange, she receives the allowance, which includes $25,000 for each of her two children, John and Caroline Kennedy. After they are 21 the entire allowance will be paid to their mother.

Earlier reports said that Mrs. Onassis would receive bequests ranging from $3‐million to $200‐million.

Mrs. Onassis also inherits a fourth of the family's private island of Skorpios, in the Ionian Sea, and a like share of the yacht Christina. Miss Onassis inherits the remaining three‐quarters of the island, and the yacht.

Mr. Onassis said in the will that if the women are unable to maintain the island and yacht, the island should go to the Greek state and the yacht to the head of the Greek state.

Miss Onassis, the daughter of the late Tina Livanos Onassis, also inherits all the shares of the Victory Carriers Company, which is believed to control all the Onassis business enterprises.

She also inherits 50 shares of the Beta Company and 450 of the shares of the Alpha Company as well as 61 per cent of the 90 per cent of her father's shares in Olympic Airways, the Greek national airline. She will be a member of the committee set up to carry out Mr. Onassis's will.

The bequests will be paid to Mrs. Onassis through the new foundation, which will be set up in Liechtenstein, with the allowance being readjusted annually to comply with the present value of the dollar.

Others who shared in the will include Mr. Onassis's three sisters, a counsin and a number of associates, servants and friends.

Mr. Onassis said in the will that if Mrs. Onassis resorted to the courts over the estate, despite the contractual agreement, a committee should oppose the action.

The will, which begins "To my dear daughter," stipulates that Miss Onassis is responsible for carrying out her father's wishes. The will was made public two days after an Onassis legal adviser in Athens read a statement here on behalf of Miss Onassis, disclosing that half of her father's estate would be given away through the nonprofit foundation.

Will Tells of a 'Resignation'

ATHENS, June 7 (UPH—In his will published today Aristotle Onassis wrote: "I have received from my wife her resignation from any claims of inheritance through a notarized agreement in the United States."

"If my wife raises any inheritance claims," he went on, "then she will not be given her annuity of my estate. If she wins a final ruling from a court that cannot be appealed, then she will re ceive one–eighth of the estate of Christina."

Stelios Papadimitriou, Mr. Onassis's legal adviser and an executor of his will, refused to disclose whether Mrs. Onassis had accepted the will or intended to contest it.

Mrs. Onassis in U.S.

Attempts to reach Mrs. Onassis—who is in the United States—for comment on the will were unsuccessful.