New details about the father of the Princeton graduate who was reportedly killed for cutting his son's allowance reveal the man was not as rich as the son may have assumed.
Thomas Gilbert Jr., who was 30 years old at the time, reportedly killed his 70-year-old father, hedge fund founder Thomas Gilbert Sr., in January 2015 after his father cut his allowance by $200, the New York Post reports.
“He was cutting his allowance. He had been giving him $2,400 a month for rent and $600 for spending money, and he was cutting that to $400 a month for spending money,” a source said of Thomas Gilbert Sr., founder of the Wainscott Capital hedge fund.
Later reports reveal the father was not as rich as some might have thought. He was only worth $585,000.
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While the father was once a successful Wall Street worker, he lost money after building a relatively unsuccessful hedge fund.
A will reveals all of the father’s money would go to his son when he died, New York Post reports.
The younger Gilbert reportedly told his mother to leave the home before shooting his father to death.
“He asked her to get him a sandwich so she wouldn’t be there,” a source said.
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The son reportedly ran away by the time the mother came back and tried to make the murder look like a suicide.
The father had been financially providing for his son, a Princeton graduate with a degree in economics, while the son practiced yoga, surfed and tried to pursue an entrepreneurial path.
“He’s very much a loner. His phone never rang. No one texted him or called him. The one time it rang in four months while we were together, it was his mother,” an ex-girlfriend of his, Anna Rothschild, said.
The two reportedly had a conflict-ridden relationship for many years.
When the son allegedly tried to start his own hedge fund, his father did not support him.
“His dad wouldn’t help him and told him he was stupid,” Rothschild said. “His dad was hypercritical of him -- he couldn’t do anything right ... He talked a lot about his dad and how mean he was to him and how nothing was good enough.”