Dellen Millard, heir to the Millardair aviation fortune, enjoyed a life of considerable wealth before his conviction for multiple murders. His finances, however, reveal a complex and often mismanaged picture, ultimately contributing to his downfall.
Millard inherited a substantial fortune from his grandfather, Carl Millard, who founded Millardair. This included cash, real estate, and the aviation company itself. While the exact amount inherited remains debated, it undoubtedly provided Millard with a significant head start and the means to fund his lavish lifestyle. This lifestyle included purchasing properties like the Woolner Avenue house in Toronto, which became infamous as the location where Tim Bosma was murdered, and a rural farm near Ayr, Ontario, where other victims’ remains were found.
Despite inheriting wealth, Millard’s management of his assets was questionable. Millardair, under his leadership, experienced financial difficulties. Reports indicate mismanagement and a lack of investment in the company’s aging fleet of aircraft. While specifics are often confidential, the aviation industry is capital-intensive, and a failure to modernize and maintain equipment can quickly lead to financial strain.
Furthermore, Millard’s criminal activities drained his resources. The purchase and maintenance of vehicles, like the Eliminator incinerator used to dispose of Bosma’s body, involved considerable expenses. Travel, legal fees, and the costs associated with concealing his crimes all added to the financial burden. The extended legal battles that followed his arrest further depleted his assets.
Another contributing factor to his financial issues was his proclivity for risky ventures and investments that seemingly didn’t pan out. These activities, though not always publicly detailed, suggest a lack of sound financial planning and a willingness to gamble with his inherited wealth.
Following his arrests and convictions, Millard’s assets were subject to legal scrutiny and potential seizure as part of victim compensation claims. The full extent of his current financial standing is difficult to ascertain due to ongoing legal proceedings and the complex nature of asset tracing. It’s likely, however, that a significant portion of his previously inherited fortune has been eroded by mismanagement, criminal activities, and the subsequent legal fallout. His lavish lifestyle, once funded by inherited wealth, is now a distant memory, replaced by the realities of incarceration and the financial consequences of his crimes.
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