Edie Sedgwick Net Worth
Edie Sedgwick had an estimated net worth of $3 million at death. Edie Sedgwick was a socialite and model who became a muse to Andy Warhol in the 1960s. The majority of her income was attributed to her modeling career and family wealth.
Edie Sedgwick was born to wealthy highborn parents in Santa Barbara, California. Her childhood was marked by isolation, turmoil, and intense societal pressures. She had turned inward by the age of 13 and began a life-long battle with anorexia and bulimia. Sedgwick’s hard-partying, socialite lifestyle led her to meet artist Andy Warhol in New York in 1963, and she became his muse during the height of the Pop Art movement. Before her death in 1971, she appeared in several of Warhol’s films.
To calculate the net worth of Edie Sedgwick, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$3 Million|
|Monthly Salary:||$70 Thousand|
|Annual Income:||$1 Million|
|Source of Wealth:||Model, Socialite|
Edie Sedgwick was born on April 20, 1943, as the seventh child of Alice Delano de Forest and Francis Minturn “Duke” Sedgwick in Santa Barbara, California. Edith Minturn Stokes, her father’s favorite aunt, inspired her name. Because both of her parents came from wealthy families, Edie’s childhood was filled with significant wealth and highborn connections. However, it was a life full of oddities, dark secrets, and a history of mental illness.
Sedgwick’s father had long struggled with both physical and mental health issues; he was born with an umbilical hernia and developed asthma as a child, as well as osteomyelitis, a potentially fatal bone infection. Throughout his adolescence, Francis was in and out of psychiatric units, receiving diagnoses for both manic-depressive psychosis and “nervous breakdowns.” His dreams of becoming a railroad tycoon after graduating from Harvard Business School were dashed due to his precarious health. Instead, on the advice of doctors, he concentrated on his sculpting abilities and went on to become a professional artist.
According to all accounts, Sedgwick’s mother was painfully shy and madly in love with Francis. She was incredibly supportive of Francis’ fragile mental and physical conditions, and she visited him frequently while he was in the hospital. Because of Francis’ health issues, doctors advised the couple not to have children when they got engaged. Despite all medical advice, they welcomed eight children over the next 15 years. “My mother had a difficult time with the births of her last children, but she kept getting pregnant anyway,” Alice “Saucie” Sedgwick, Edie’s oldest sister, later revealed. “Edie almost died when she was born… I’m not sure why [my mother] continued to have children when it was so dangerous for her.”
Despite Alice’s difficulties in giving birth to Sedgwick, Francis encouraged her to continue expanding the family — partly in the hope of having more boys, and partly, according to Saucie, because he liked the idea of “producing a spectacular number of children.” However, Sedgwick and her siblings did not recall their parents enjoying the practical aspects of child rearing. Instead, they were given to a series of nannies and governesses to raise them during their winters in Cold Spring Harbor, Long Island, and summers in Santa Barbara, California.
Around the time Sedgwick was born, Francis developed a wandering eye and began a string of adulterous affairs. “At one of my parents’ parties,” Sedgwick’s sister, Saucie, revealed, “I saw my father disappear into the bushes, right in front of my mother, with his arm around a woman—just traipsed off into the bushes in front of fifty people.” But, at least in public, Alice never batted an eyelash. “She didn’t take her frustration and anger at my father’s affairs out on the children,” Jonathan Sedgwick, Sedgwick’s brother, said. “She’d develop allergies and require special diets.”
Sedgwick’s parents became even more estranged after moving to Corral de Quati, a 3,000-acre ranch in California that they purchased after Sedgwick’s father was rejected from the military due to failing health. He later told the family that he planned to raise cattle there to help with WWII efforts. Sedgwick’s father began to act strangely after they moved to the ranch, distancing himself from the family and becoming “icy and remote,” while her mother became “cautious and reserved.”
Sedgwick and her siblings were largely cut off from the outside world once they arrived at Corral de Quati. She and her sisters, Kate and Suky, were separated from their parents and housed separately with their nurse, Addie, where they were dressed in hand-me-downs and taught how to ride horses as young as 18 months. Sedgwick and her siblings were also allowed to roam free on the ranch, disappearing for hours without adult supervision to watch the sunrise or play games they devised.
However, once they returned home, they were subjected to the oppressive rules of the East Coast society life from which they had fled. The Sedgwick children were educated in a private school built on the ranch using curriculum approved by their father. “We were taught in such a strange way that when we got out into the world, we didn’t fit anywhere; nobody could understand us,” Jonathan Sedgwick, Sedgwick’s brother, would later admit. “We learned English the way the English learn it, not the way Americans do.”
The tension in the house became unbearable, and the children began to withdraw. Suky would later recall how, as a small child, the isolated life of Corral de Quati began to take its toll on Sedgwick. “[Edie] would be agitated over some insignificant and completely illogical detail,” Suky later recalled. “I realized that Edie had moments when she wasn’t completely herself. She, too, couldn’t get away from it. I knew it wasn’t her fault, but I had no idea what it was.” Edie would later admit that her father had sexually pressed her from a young age, claiming that he attempted to sleep with her “from about the age of seven on.” She also stated that one of her brothers insisted that “a sister and brother should teach each other the rules and game of making love; and I, too, would not fall for that.”
Struggles with Bulimia
By the age of 13, Sedgwick had developed anorexia and bulimia to cope with the pressures of her domineering father and subservient mother. Sedgwick was sent to the prestigious Katharine Branson School for boarding but returned home shortly after the school year began after teachers discovered her eating disorder.
Sedgwick’s return home was especially damaging for her; her father frequently locked her in her room and forced her to remain heavily medicated and on bed-rest. Her mother began to baby her as well, giving her whatever she desired. Several of Sedgwick’s siblings described her regression to childhood, noticing her baby talk and childish play.
During her recuperation, Sedgwick overheard her father having a sexual affair. Francis assaulted his shocked daughter and began denying the incident in order to calm her down. He then had a doctor come to his house several hours later to sedate his daughter so she wouldn’t be able to talk about the incident. “She lost all of her feelings because everything around her was now an act,” her brother Jonathan explained. “She was aware of what had occurred, while my father simply denied everything. And that hurt her a lot.”
Sedgwick was transferred to another private school in Maryland, St. Timothy’s, in 1958. Her stay was only a year long before her parents noticed her mental and physical health was deteriorating again. In 1962, at her father’s request, she was admitted to Silver Hill, a mental health facility that resembled a country club rather than a hospital. When Sedgwick’s condition worsened — she weighed 90 pounds — she was transferred to Bloomingdale, the Westchester Division of New York Hospital’s closed ward. “I was very suicidal in a kind of blind way when I was in the hospital,” Sedgwick later said of her time in Bloomingdale. “I didn’t want to end up like my family had… I was not permitted to socialize with anyone. Oh, God. As a result, I didn’t want to live.”
To make matters worse, Sedgwick discovered she was pregnant as a result of an off-campus affair with a Harvard student. She chose abortion, citing psychological issues as a reason for not having the child. In 1963, she left Bloomingdale to attend Cambridge University to study art.
Her older brother Minty was also in and out of psychiatric wards at the time, dealing with his own issues. Minty committed suicide a day before his 26th birthday in 1964. Minty later confessed his homosexuality to his father, who then attempted to force him into heterosexuality.
The loss devastated Sedgwick. But she would soon face more heartbreak when her brother Bobby had a nervous breakdown. His mental health would deteriorate gradually until, on New Year’s Eve 1964, he slammed his bike into a New York City bus. He passed away on January 12, 1965. At the time of his death, he was 31 years old.
New York and Warhol
Sedgwick moved to New York in 1964, shortly after receiving a $80,000 trust fund from her maternal grandmother, with whom she initially lived. She began taking dance classes, tried out for modeling jobs, and attended high society events with the goal of becoming a model. By the fall, she had moved out on her own, to a furnished apartment on East 64th Street, and spent nearly every night partying with her Harvard friends. By March 1965, Sedgwick had met Andy Warhol, who ran The Factory salon.
Sedgwick reinvented herself at the Factory, becoming a performance artist and Warhol’s film muse. Edie and Andy collaborated on 18 films, including the beginnings of one with Bob Dylan and his friend Bob Neuwirth. During this time, Edie began a romantic relationship with Neuwirth, whom she later called “the love of her life.” She did, however, have a brief romance with Dylan, who wrote several songs about her, including “Just Like a Woman” and “Leopard-Skin Pill-Box Hat.”
However, by 1965, Warhol and Sedgwick’s relationship had soured.
Sedgwick had received no monetary compensation for her work with Warhol and had asked Warhol to stop showing her films in public. She nearly signed with Dylan’s manager in an attempt to launch a legitimate film career, but then vanished from the scene.
Final Years and Death
While rumors circulated about the true reason Sedgwick went into hiding, the general consensus was that she had completely succumbed to drugs. The types of drugs are debatable, but many believe she was abusing prescription drugs, as well as heroin and speed. Her parents attempted to admit her to a psychiatric ward again after she burned down her apartment in 1966, but she was quickly released. Neuwirth ended the relationship in 1967 because she couldn’t deal with Sedgwick’s drug use.
In 1967, Sedgwick’s father died of pancreatic cancer. Sedgwick was nearly killed by an overdose in April 1968, but he survived. She returned home in 1968 to live with her mother and later that year began shock therapy.
By 1971, Sedgwick had begun to consider marriage, and on June 24, 1971, she married Michael Post, a fellow patient at Cottage Hospital, where she had been admitted when she returned to California in 1968. The couple married on the Sedgwick family ranch in Laguna.
Sedgwick died four months later, on November 16, 1971. At the age of 28, she suffocated in her sleep, facedown in her pillow. Friends later revealed that she suspected she was pregnant and had told Post the night before she died that she intended to leave him. Even at the end of her life, she had planned to make a big comeback. The opportunity never came.
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