Book Maths Puzzle Profit and Loss

After Mr. Stingy died, his lawyer read the will to his family. He left half of his estate to his wife, and $50,000 to his son. The remaining fortune was to be split in this way: half of what remained went to his caddy, half of what remained after that was set aside for the care of his pet iguana, and the remaining $8,000 went to his favorite charity. What was the value of Mr. Stingy's estate?

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