Morgan Stanley chairman, wife died in Sicily yacht sinking. What will happen to his $8.7 million fortune?

Morgan Stanley International chairman Jonathan Bloomer and his wife Judy died in August 2024 in a tragic incident. The couple died when a 183-foot luxury yacht sank off the coast of Sicily, reported PEOPLE. Documents associated with the couple reveal what will happen to his multi-million dollar fortune.

The Morgan Stanley boss who died on the Bayesian yacht left his £6.6million fortune to his wife. At the time of his death the couple, who lived in a grand £4.8million home in Sevenoaks had a gross value of £6,615,882 to their names, and a net value of £6,551,549 ($8,700,000)

What will happen to Jonathan Bloomer's wealth?

According to reports, in a will dated 1996, he appointed his wife as the sole Executrix of his estate, provided she survived him by at least 90 days. He instructed that, following the settlement of his funeral expenses and any outstanding debts, she should inherit all his real and personal property.


His named beneficiaries included his wife, his children, and their respective families who were living at the time of his death, as well as various charities selected at the discretion of his trustees.

ALSO READ: Fresh Pandemic in US? New virus spreads in all 50 states amid ‘human transmission’ concerns

As a gesture of kindness, he also stipulated that his mother-in-law and his own parents each receive £100,000, provided they survived him. If, however, they did not outlive him, he directed that this sum be divided equally among his three children: James, Elizabeth, and Helena.

In a heart-wrenching tribute after last August’s tragedy, the family of the couple said: ‘Our only comfort is that they are still together now.'

They said: 'We are grieving for our loved ones and all of those affected by the tragedy. Our parents were incredible people and an inspiration to many, but first and foremost they were focused on and loved their family and spending time with their new grandchildren.

'Together for five decades, our only comfort is that they are still together now. This is an unimaginable grief to shoulder.'

ALSO READ: Kanye West reunites with wife Bianca to sue dentist for making him addicted to nitrous oxide

Were his children also not to survive beyond Bloomer, his estate would have been split between his two brothers, Jeremy and Andrew, and his sister-in-law Gillian. The Bloomers were among the 22 passengers on the Bayesian when it sank on Aug. 19, 2024, off the coast of Porticello, though it remains unclear why exactly it went down so quickly.

Yacht chef Recaldo Thomas; British tech entrepreneur Mike Lynch and his daughter, Hannah Lynch; and New York City-based lawyer Christopher Morvillo and his wife, Neda also died.

ALSO READ: Trump quips about Pete Hegseth's controversies as Defense Sec faces massive heat for Signal Gate scandal

The CEO of a London-based insurance company that Jonathan was the chairman of also said at the time that they were "deeply shocked and saddened," while Judy, who was a teacher prior to working as a psychotherapist, was remembered as a "wonderful friend," according to the BBC.

She previously served as a trustee for The Eve Appeal, a British-based charitable organization that funds research and raises awareness for gynecological cancers.