Friday, Nov. 16, 1962
Desiloot
Whatever happens in later life to a girl from upper New York State who specializes in playing sexy, empty-headed redheads? She becomes a tycoon.
Last week Lucille Ball, 51, now stuffed with cash from ear to ear, bought out her ex-husband Desi Arnaz for $2,000,000 and change, becoming the new president of Desilu Productions, Inc., one of the largest and most successful TV producing units in Hollywood (The Lucille Ball Show, Fair Exchange, The Untouchables). Ex-President Desi wants to get out of show business and dive more deeply into his horse breeding, country club and real estate interests. He is leaving Lucy with 52% of a company now valued at $20 million, a figure that almost exactly equals the pile that Desi and Lucy accumulated on I Love Lucy.
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