Born in
New York City, Barbara Hutton was the only child of Edna Woolworth (1883-1918), who was a daughter of
Frank W. Woolworth, the founder of the successful
Woolworth department store chain. Barbara's father was Franklyn Laws Hutton (1877-1940), a wealthy co-founder of the respected
E. F. Hutton & Company (owned by Franklyn's brother Edward Francis), a New York investment banking and stock brokerage conglomerate. She was a niece by marriage of cereal heiress
Marjorie Merriweather Post who was for a time (1920-1935) married to E.F. Hutton; thus their daughter, actress-heiress
Dina Merrill (born Nedenia Hutton), was a first cousin to Barbara Hutton. Dina Merrill related on A&E's
Biography of the Woolworths, that for a time Barbara lived with them following the death of her mother and abandonment by her father.
Edna Hutton committed
suicide when Barbara was four years old. Young Barbara discovered her mother's lifeless body, an event which no doubt scarred her for the rest of her life. After her mother's death, she lived with various relatives, and was raised by a
governess. She became an
introverted child who had limited interaction with other children her own age. Her closest friend and only confidante was her cousin Jimmy Donahue, the son of her mother's sister.
In accordance with New York's
high society traditions, Barbara Hutton was given a lavish
débutante ball on her 18th birthday, where guests from the
Astor and
Rockefeller families, amongst other elites, were entertained by stars such as
Rudy Vallee and
Maurice Chevalier. Three years later, on her 21st birthday, Barbara Hutton inherited close to $50 million from her mother's estate. Her
inheritance made her one of the wealthiest women in the world.