Franklin Otis Booth Jr. Dead at 84

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Franklin Otis Booth Jr., a former Los Angeles Times executive and businessman whose early investment in a venture headed by a young and then little-known Warren E. Buffett later earned him a fortune and a title as one of the richest men in the nation, has died. He was 84.

Booth, who was also a philanthropist and a great-grandson of Gen. Harrison Gray Otis, founder of The Times, died June 15 at his Los Angeles home from complications of ALS, also known as Lou Gehrig’s disease, his family said.

The Los Angeles Business Journal this year ranked Booth 17th on its annual Wealthiest Angelenos list, with an estimated net worth of $2.4 billion.


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