Las Vegas Investor Tony Hsieh Leaves Reported $840M Fortune But No Will: Court Filing

Summary

  • Former Zappos CEO and downtown investor Tony Hsieh died Friday, leaving about $840 million fortune but with no will.
  • Firefighters rescued Hsieh from a storage shed filled with smoke in a home nine days earlier.
  • A court document was filed Wednesday in Clark County District Court seeking to protect the investor’s estate from financial loss and to address his business commitments.
  • The cause of death is still under investigation.

When he died Friday, downtown Las Vegas investor Tony Hsieh left an estimated $840 million fortune. However, he did not have a will, a court document filed in Las Vegas on behalf of the family to protect his estate revealed.

Hsieh, 46, passed on a day after Thanksgiving in a Bridgeport, Connecticut hospital. Firefighters rescued him from a storage shed filled with smoke at a home in New London, Connecticut, nine days earlier. News accounts say he was unresponsive after the rescue exercise.

Authorities ruled his death was an accident caused by complications from inhaling smoke. He was to turn 47 on December 12.

A death certificate attached to the court document lists the cause of the incident as “pending further studies.”

The document was filed Wednesday in Clark County District Court. It seeks to protect Hsieh’s estate “from financial loss” and to address his business commitments. Dara J. Goldsmith, a Las Vegas attorney, is representing the Hsieh family.

The court document requests that Hsieh’s father, Richard, and brother, Andrew, be named the estate’s co-special administrators and legal representatives. Hsieh’s parents live in Cupertino, Calif, while his brothers live in Henderson, Nevada.

The court filing asks that the co-special administrators get access to Hsieh’s financial information, including business contracts, bank deposit boxes, withdrawal authorizations, tax returns, and canceled checks, among other details. The co-special administrators are also seeking to get access to the deceased’s social media accounts.

The court document states that the Hsieh family has a “good faith belief” that the investor died without a will.

Hsieh graduated with a degree in computer science from Havard University in 1995. He worked with Las Vegas-based Zappos, an online shoe-and-clothing retailer that Amazon bought in 2009, and became the company’s CEO.

In August, Hsieh retired from Zappos after working with the company for more than two decades.

The investigation into the cause and manner of Hsieh’s death continued this week.

Emergency crews found Hsieh at a $1.3 million waterfront home belonging to Rachael Brown, a musician identified as his girlfriend, news accounts revealed. Brown became one of the first employees of Zappos in 2004.

Whether Brown was at the scene of the accident remains unclear. An assistant of the Hsieh’s told a Connecticut TV station that the ex-Zappos CEO was in New London visiting family and his “soulmate.”

On Saturday, Circa Resort co-owner Derek Stevens and others in the downtown casino district arranged a tribute to Hsieh, featuring a five-minute visual display on the lighted canopy at the Fremont Street Experience.

Hsieh had spent millions of dollars revamping neglected areas of downtown Las Vegas.

I'm Adam Shaw, Senior Editor and one of the first members at VegasSlots. I'm a massive football sports fan but also love casinos and occasional trips to Las Vegas. Gaming runs in the family

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