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$26 million in assets left by Scientology founder

Title: $26 million in assets left by Scientology founder
Date: Thursday, 16 April 1987
Publisher: San Francisco Chronicle (California)
Main source: link (38 KiB)

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Associated Press
San Luis Obispo

L. Ron Hubbard, the Scientology founder and author who died last year, left more than $26 million in assets excluding trust funds, according to documents filed by his executor.

Total assets listed in the inventory amount to $26,305,706. They include "$25 million even" in copyright and trademark materials and $1,305,706 in oil, gas and business investments, said attorney Charles Ogle of Morro Bay.

The estate documents were prepared in Los Angeles by Norman F. Starkey, the executor of Hubbard's estate. Ogle handled the filing of those documents with the San Luis Obispo County clerk's office.

Hubbard suffered a stroke and died on Jan. 24, 1986, at his ranch in Creston (San Luis Obispo County). His will, filed in Superior Court the following February, did not detail his wealth. Hubbard signed the will the day before his death.

The listed assets do not include money that Hubbard put into trust funds for his wife, four of his five children and the Church of Spiritual Technology. The amount in the trust funds is private, Ogle said.

Among the items filed with the county clerk was a 4-inch-thick binder containing lists of Hubbard's copyrighted poems, movies, books, office memos, office rules, music and choreography. There also was a binder listing patents for inventions and additional copyrights, such as for the words Scientology and Dianetics.

A statement issued by Starkey's office on April 10 said: "As per Mr. Hubbard's instructions, ownership of all his copyrighted works will pass to the Church of Scientology."