Wednesday, December 24, 2008

Caroline Kennedy Worth Over $100 Million

Caroline Kennedy, who is seeking to be appointed to the New York senate seat to be vacated by Hillary Clinton, is easily worth more than $100 million.

Joseph Kennedy, family patriarch, bootlegger,stock promoter and Caroline's grandfather, launched a far-reaching financial empire for his children more than 60 years ago, split among President John F. Kennedy, Robert F. Kennedy, Edward Kennedy and their three sisters.

Caroline's mother, Jackie Onassis, upon her death in 1994, handed Kennedy and her brother, John Jr., the gift that keeps on giving: JFK's share of a massive family trust - with never-disclosed millions invested in real estate, gas and oil.

In 1998, Caroline Kennedy received an estimated $38 million from her share of the family's sale of Chicago's Merchandise Mart and other related properties.

The Daily News has all the details.

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