Other questions:subscriberservices@theadvocate.com. At the time Rita LeBlanc started college, her mother, Renee Benson, was newly divorced, living in a spacious home on Tom Benson's ranch, and had begun receiving from her father monthly payments of $10,000 to spend as she saw fit. The deal could, for instance, have the heirs handing over a portion of their interests in some of Tom Benson's holdings – ranging from the sports teams to real estate and five automobile dealerships – in exchange for IOUs and other assets. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Kathy Finn is a New Orleans journalist and author of the biography, "Tom Benson: A Billionaire's Journey" (Pelican Publishing Co.), due for release in October. Court testimony by one of the dealership managers indicates that the businesses paid Renee Benson's company, which had a handful of employees, about $2 million a year. After lawyers who are stewards of the trusts rejected Benson's January 2015 attempt to remove from the trusts all shares in the teams in exchange for promissory notes, the court proceedings became a battle to arrive at a fair valuation for the heirs' non-controlling interests. You can change your choices at any time by visiting Your Privacy Controls. “I knew what my grandfather had set aside for me (and) I wasn’t going to ask for more,” she said. Despite these income sources, Renee Benson and her family seemed heavily dependent on Tom Benson to provide for their needs, Rita LeBlanc's comments suggested. And she received income from a business she set up to provide "management services" to the Texas auto dealerships. They have two children, Rita and Ryan LeBlanc. Voris Roberts Vigee Named President and CEO of VOA Southeast Louisiana. Near the end of the Sports Business Journal article, the writer makes a statement that likely sent ripples through the offices of Tom Benson's lawyers. COVID-19: 'The Bitter End' for Nation's Live Music Venues? Rita Benson LeBlanc wealthiest woman in Louisiana, website reports, Richard A. Webster, NOLA.com | The Times-Picayune. According to her testimony in a lawsuit over a decades-old trust her father had set up, Renee Benson received the payments every month for 20 years, until her father ended them in 2015. But comments that Benson's granddaughter, Rita LeBlanc, recently made to a reporter seem to offer a glimpse into the deal. "There are still things I would have wanted to do," she says, then adds: "But I can do them for other teams or other companies.". In an article about LeBlanc published by Street & Smith's Sports Business Journal on June 26, the headline grabber was her comment that, "No matter what happens in the litigation, I'll still be a partial owner" of the Saints. Yahoo is part of Verizon Media. NEW ORLEANS – Terms of an agreement over who owns the New Orleans Saints could become final within a few weeks, and while the details may remain under wraps, indications are that the $835 million valuation Tom Benson placed on his heirs' interest in the team was not a high enough price to buy them out. LeBlanc, owner and Vice Chairman of the Board of the New Orleans Saints and Pelicans, has a net worth of $1.3 billion.
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