‘CEO assassin’ Luigi Mangione may miss out on ‘$100m fortune’ left by grandmother as powerful family’s wealth revealed
THE wealth of Luigi Mangione’s family has been revealed as the suspected shooter in the assassination of CEO Brian Thompson faces losing it all.
The Mangione dynasty has been rocked since the 26-year-old was arrested in Pennsylvania and charged with murder for the death of Thompson on December 4 in Manhattan.
In Baltimore, the Mangione name is well-known among the elite who dine and relax at the luxury Turf Valley Resort country club.
The suspected shooter is the nephew of the club’s owner, which has already started to taint the business, one customer told The Telegraph.
“There’s definitely an undercurrent,” they said, recalling when they saw Mangione’s name and face plastered over the news following his arrest on Monday.
“When I saw the news, I was like: ‘That’s wild – I know the owner of the country club, and that’s his nephew’.”
“That name is very well known if you’re from Baltimore,” another man from the bar at Turf Valley said.
As the Ivy League-educated suspect gains a sick fan club celebrating his good looks and his crime, some have started scouring the web for any details about his life.
His grandmother Mary C. Mangione is believed to have left an estate worth at least $30 million to her family when she died in 2023.
Documents seen by TMZ suggest the estate could even be as much as $100 million to be divided among her 10 children.
The money was reportedly entered into a trust, with each of her children, including Mangione’s father, being trustees who can make withdrawals.
Yet despite the sheer amount of wealth, Mangione may not see a cent of it because the trust gives trustees the power to prevent any money from going to someone who has been “charged, indicted, convicted of or pleaded guilty to a felony.”
The suspected killer’s grandmother seemed to foresee the future, declaring that anyone who has been charged with “heinous” or “violent” crimes should be cut off from her wealth.
Mangione faces multiple felony charges, including murder, and was caught after a five-day manhunt when he was recognized at a McDonald’s in Altoona, Pennsylvania.
He reportedly withdrew some money last year when he suffered chronic back pain, underwent an operation, and appeared to suffer from a mental health spiral.
Mangione has not spoken to his family for months, with his mother reporting him missing in November, saying she had not had contact with him since July.
Who is Luigi Mangione?
MANGIONE, 26, was regarded as a beloved, clever and wealthy man by his family, friends and all who knew him.
He was born and raised in Maryland, where he was valedictorian of his high school graduating class at Gilman School in Baltimore.
He had no prior criminal history and was said to have been a model student, soccer player, and all-round athlete at high school.
One former student from the Gilman School told The U.S. Sun Mangione was “popular” and had a “big circle of friends.”
“We went to the same school but didn’t really have the same friends. I’m really shocked by this whole thing,” the former student, who asked not to be identified, said.
“I think he played soccer, it was an all-boys school, so being a good athlete got you social currency for sure.”
After, Mangione graduated cum laude from the University of Pennsylvania, where he studied computer and information science, according to his LinkedIn profile.
He also got his masters from the Ivy League school.
Mangione was reportedly a data engineer at a car company in California before moving to Hawaii.
His cousin is also Republican Maryland House of Delegates member Nino Mangione.
But even so, his arrest has sent shockwaves through the privileged community who frequent his family’s luxury country clubs.
DYNASTY
Nicholas Mangione, the suspect‘s grandfather, was a multimillionaire real estate developer until he died in 2008.
His success was self-made after being born in the Little Italy district of Baltimore to poor Italian immigrant parents and a father who couldn’t read.
But Nicholas thrived after working to create his own empire made up of nursing homes, luxury clubs, and a radio station.
He had 10 children and 37 grandchildren who have also adopted the family spirit of entrepreneurship.
Nicholas’ son Pete took over running the Turf Valley resort, while his grandson Nino is a Republican state delegate, and another relative is an award-winning film director.
Luigi Mangione’s parents, Louis and Kathleen, live in a $1.9 million mansion at the family’s other luxury country club called Hayfields.
The Mangione name is heavily embedded in the western part of Baltimore, where many members of the dynasty sit on boards and committees and have various buildings dedicated to their clan.
Notably, they have long been supportive of the medical industry in Baltimore.
At Loyola University, there is the Mangione Aquatic Center, and the family name is also on the obstetrics department at Greater Baltimore Medical Center.
This is where all of Nicholas’ grandchildren are thought to have been born.
And with the family donating millions of dollars to various causes and foundations, it is not surprising that the scion’s arrest is “the talk of the town at the moment,” a resort worker noted.
FAMILY STATEMENT
While none of his family members appeared in court to support Mangione, the family released a statement upon his arrest.
“Our family is shocked and devastated by Luigi’s arrest,” it read.
“We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved.”
One relative told The Telegraph it was “impossible” he would have gunned down the UnitedHealthcare CEO and father of two.
“He is the most gentle soul you could possibly meet,” she said.
The Ivy League graduate is currently being held in Pennsylvania as prosecutors in New York hope to secure his extradition.
He was denied bail during a court appearance in Pennsylvania.
Mangione’s lawyer Tom Dickey has revealed that he plans to plead not guilty to all charges.
Dickey also slammed New York officials, claiming he has seen “zero evidence” that the wealthy college grad is the shooter.
Investigators revealed on Wednesday that fingerprints on a discarded water bottle found near the scene of the assassination matched those of Mangione, according to ABC News.
And as police seek a motive for the attack, an examination of Magione’s online activity showed his rants about debilitating irritable bowel syndrome, insomnia, and chronic back pain.