
Gene Hackman's $80 Million Fortune in Limbo After Tragic Death of Wife
2025-03-15
Author: Yan
The recent passing of legendary actor Gene Hackman, 95, alongside his wife Betsy Arakawa, has brought unexpected complications regarding his substantial $80 million estate. Known for his stellar performances and two Academy Awards, Hackman had designated his entire fortune to Arakawa, who tragically died just seven days prior to him.
Arakawa, 65, was found deceased in their New Mexico home on February 11, reportedly due to a rare virus. Hackman's death followed on February 18, attributed to natural causes aggravated by severe heart disease and advanced Alzheimer's. Both were discovered in separate rooms of their $4 million Santa Fe residence after a welfare check was requested by the neighborhood security.
Despite having named Arakawa as his sole beneficiary in his will from 1995 (updated last in 2005), the couple's untimely deaths have led to speculation about the future of Hackman's estate. Legal experts suggest that, under succession laws, Hackman's three children from his marriage to Faye Maltese—Christopher, Elizabeth, and Leslie—could still inherit his estate, as they were not named as beneficiaries. California attorney Tre Lovell explained that if no other beneficiary is specified, the estate may automatically pass to relatives, provided they can prove that the will stands invalid due to Arakawa's earlier passing.
This complex situation has left Hackman's children—ages 65, 62, and 58—silent publicly, even though reports indicate they might be the rightful heirs if the will is contested. Hackman himself had previously expressed the challenges his fame posed for his family, acknowledging the sacrifices made during his acting career.
Betsy Arakawa's own will detailed that if she and Hackman died within 90 days of each other, her assets would be transferred to a trust intended for charitable donations after settling medical debts. This adds another layer of complexity to an already delicate situation.
The emotional toll is palpable, with Hackman's daughters and granddaughter recalling their father fondly. “He was a beloved actor to the world, but to us, he was always just Dad and Grandpa,” they stated, reflecting on the loss of a man who balanced a remarkable career with the struggles of being a parent in the public eye.
As the legal ramifications unfold, the future of Hackman's estate remains uncertain—an estate steeped in a legacy of cinematic brilliance, now overshadowed by personal tragedy.