Moreton Frewen was a young British aristocrat and son of a Sussex squire, who inherited an Irish estate in the 1890s. His affairs were so mismanaged however that he became known as ‘Mortal Ruin’. What were some of his many financial disasters?

Answer: He spent his entire inheritance of £16,000 on an American cattle ranch, but lost the entire investment. Other doomed ventures included attempts to produce ice artificially and to extract gold from refuse. As Rudyard Kipling later put it, ‘he lived in every sense except what is called common sense.’

Source: The Decline and Fall of the British Aristocracy by David Cannadine

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