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Son Murders Father after Allowance Reduced by $200
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Thomas Gilbert Jr. shot his father, killing him, for reducing his monthly allowance by $200.

Summary: The son of a Manhattan millionaire executed his father for reducing his monthly allowance by $200.

The son of a millionaire Manhattan resident was so outraged that his father reduced his allowance by just $200 that he put a bullet in his father’s head, the New York Post has reported.


No, the son was not a 16-year-old spoiled adolescent. Thomas Gilbert Jr. is a 30-year-old man who is now facing multiple charges, including criminal possession of a weapon and the murder of his own father. Gilbert’s father, Thomas Gilbert Sr., was a prominent hedge-fund founder.

In July, a Florida State University law professor was killed in a shooting.

Shortly after finding out that his allowance would be cut by $200 each month, Gilbert Jr. arrived at his parents’ apartment with a gun in tow. Gilbert Jr. then asked his mother to go pick up a sandwich for him. This allowed Gilbert Jr. to get his mother out of the Gilbert family’s tony Beekman Place apartment so that he could shoot his father in the head and flee.

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The drummer for AC/DC had his murder-for-hire charges dropped.

A source said that Thomas Gilbert Sr., the founder of the Wainscott Capital hedge fund, had addressed the allowance with his son in the past. “He was cutting his allowance. He had been giving him $2,400 a month for rent and $600 for spending money, and he was cutting that to $400 a month for spending money.” He added, “They had argued about it before.”

Do you think Gilbert Jr. will face serious time for his crime, or will he have a reduced sentence because of his wealth?

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The shooting occurred at about 3:30 p.m. on Sunday at 20 Beekman Place. Gilbert Jr. used a high-powered .40-caliber Glock semi-automatic pistol he owned.

Gilbert Jr. fled the apartment after the shooting. When Gilbert Jr.’s mother returned to the apartment, she made the horrific discovery and called 911. “My husband’s been shot by my son!” she cried to operators.

In September, Germany charged one of the last living Nazis with the murders of 300,000 persons.

Gilbert Jr. surrendered at his apartment located at 350 W. 18th St. around 11:00 Sunday night. Officers had been pinging his cell phone signal and tracked his location. Authorities discovered the box the gun game in at his apartment, along with two magazine clips and loose rounds. It is not yet known whether Gilbert Jr. purchased the gun legally.

Although Gilbert Jr. initially refused to come to his apartment door when the police arrived, he eventually surrendered.

Gilbert Jr. graduated from the Buckley School on the Upper East Side, Deerfield Academy in Massachusetts and Princeton. He was a regular at events in Manhattan’s black-tie society circuit, and often had glamorous dates by his side.

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