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Padma Lakshmi's Billionaire Boyfriend Teddy Forstmann Left Her 2-Year-Old $1.8 Billion

Fri, February 24, 2012 10:12pm EDT by 7 Comments
Padma Lakshmi Daughter

Teddy left a HUGE trust fund for the tot, even though she wasn’t his daughter!

Top Chef host Padma Lakshmi‘s mogul boyfriend Teddy Forstmann died of cancer in November, and he left an estimated $1.8 billion trust fund to Padma’s daughter, Krishna Lakshmi — but he’s not her real dad, according to the NY Daily News!

Padma, 41, and the 71-year-old were dating for several years, and they were even together when the model gave birth to Krishna! Teddy has been “carrying out the role of father since the moment Krishna was delivered into his arms.”

Many thought Teddy was Krishna’s biological dad, but it was later revealed that her father is venture capitalist Adam Dell — the brother of Dell Computer founder Michael Dell.

In January 2011, Adam filed a lawsuit seeking full custody of his daughter and to have his name added to her birth certificate. But according to court papers, Padma revealed she hoped tests would show Teddy was the biological dad.

In his will, Teddy refers to Padma as “my friend.” He forgives all debts she owed him, and he left the generous trust fund to her daughter.

“It may be just an educational trust,” says Arelen Harris, co-chair of the trust and estate department at the firm Kaye Scholer. “But it sounds like he was closest to this woman. There’s more to it here.”

Wow! What a generous gift to little Krishna! What do YOU think, HollyMoms? What will a 2-year-old do with $1.8 billion?

More Padma:

  1. Padma Lakshmi’s Boyfriend Theodore Forstmann Dies At 71
  2. Kate Winslet, Julie Bowen, Katie Holmes & 8 More Red Hot Mamas On The Emmys Red Carpet!
  3. ‘Top Chef’ Host Padma Lakshmi Hangs Her Nude Photos For Everyone To See — So Good Or No Good?