Multimillionaire industrialist writes off property to model Padmalakshmi’s daughter

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Wednesday, Feb 29, 2012

Multimillionaire industrialist writes off property to model Padmalakshmi’s daughter

Theodore Teddy Forstmann, the owner of property worth Rs. 9000 Crore who romanced Princess Diana and model Padmalakshmi for some time has written off his property to Padmalakshmi’s daughter.

It is noteworthy that he is not the father of Padmalakshmi’s daughter Krishna.

Padmalakshmi (41), born in Chennai, and having Indian hereditary is an American resident.  Padmalakshmi,  a popular model married controversial writer Salman Rushdie. 

But since there was difference of opinion with Salman Rushdie she severed ties with him.

Following this, she romanced Adam Dell, the brother of Dell Computer’s head Michael.  At the same time, she romanced American industrialist Teddy Forstmann (71).  Reports were released that in spite of age difference, Padmalakshmi romanced him desiring ownership of part of his property.

During time of birth of Krishna Padmalakshmi and Teddy were romancing.  But it came to light that Teddy Forstmann is not the Krishna’s father and that Padmalakshmi conceived through Adam Dell.

But after Krishna’s birth Teddy took care of her like his own child.

It is noteworthy that before his relationship with Padmalakshmi, Teddy was romancing Princess Diana.  Teddy Forstmann passed away the last November. Now his property is worth Rs. 9000 Crore.

As is the situation, Teddy Forstmann’s will was submitted n New York Manhattan Court.  The will was opened few days before.  Teddy Forstmann has written of his property to Krishna’s trust.

But information regarding the worth of property written off to Krishna was not released.  Teddy has also stated that he is cancelling all the loans due from Padmalakshmi and that she need not pay any amount to him.

Teddy Forstmann was the one who ran the company which conducted International Sports and Art programs.  He was also involved in signing famous models and sportsmen for advertisements. Also, he ran several companies, bought and disposed many for huge profit.

Teddy Forstmann, who never married all through his life, had spent time with popular icons as Elizabeth Taylor during his lifetime.   He adopted two children from South Africa and brought them up.

It appears he has given a share of his property to these children also.

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