Jimmy Buffett’s estate battle continues as 2 lawsuits are filed
Buffett’s widow, Jane Buffett, and his financial adviser, Richard Mozenter, are arguing over who has control of the singer’s trust. Jane Buffett claims in her lawsuit that the trust is worth $275 million. Her suit was reportedly filed a day after Mozenter’s, on June 3, in Los Angeles civil court. Mozenter’s was filed in the Palm Beach County Circuit Court.
The duo is accusing one another of mismanaging the trust and is asking a judge in each jurisdiction to remove the other as co-trustee, according to records. Barron’s reported that his trust includes a 20% stake in Buffett’s Margaritaville Holdings, which was founded by the Buffett family. It reportedly owns and operates hotels, cruise ships, casinos, and more.
Buffett’s will was written over 30 years ago and amended twice — once in 2017 and once in 2023. According to legal filings, the trust was created “for the wife’s sole benefit of her lifetime.” The assets in the trust also reportedly include:
- $34.5 million in real property
- $15 million in equity from Strange Bird Inc.
- $2 million in musical equipment
- $5 million in vehicles
- $12 million in various investments
For more information see Sierra Campbell “Jimmy Buffett’s estate battle continues as 2 lawsuits are filed,” News Nation, June 24, 2025.