William Tavoulareas is a multimillionaire oil heir—but he's homeless and, to the chagrin of his relatives, apparently wants to stay that way. The 56-year-old Palm Beach man's story captured attention after he was arrested for allegedly stealing a parking boot last week. The Palm Beach Daily News reports that after parking enforcement clamped the device to the wheel of the 1995 Range Rover that Tavoulareas has been living out of, he was arrested on charges of felony theft when the vehicle was found elsewhere, minus the $300 boot. A local court assigned him a public defender, despite the fact that he's a son of former Mobil CEO William P. Tavoulareas and is believed to have millions in the bank.
"Trust me, my brother has millions in his trust fund," his brother, shipping magnate Peter Tavoulareas, tells the Miami Herald. "But he's been having psychological problems. The family has tried to help him countless times. We tried to have him move in with family, but it appears he just wants to be homeless." Tavoulareas, who used to own a 70-foot yacht, moved to a Miami Beach condo after getting divorced around five years ago. His brother says his irrational behavior is getting worse and he hopes the judge in the theft case sends him for treatment instead of just putting him back on the streets. Tavoulareas, reached by the Herald for comment, said he is just "relaxing" in Palm Beach and doesn't want to talk about the situation. (This homeless woman fought for and won a $100,000 settlement from the US.)