Monday, August 19, 2013

Caroline Kennedy Worth Up To a Half Billion

NyPo reports:
Five years after Caroline Kennedy refused to release financial information during her bid to take over Hillary Clinton’s US Senate seat, newly filed documents reveal a personal fortune that could be as high as $500 million[...]

Kennedy has had to file documents with the US Office of Government Ethics for her nominated role as Ambassador to Japan.

Estimates in 2008 were that Kennedy could be worth anywhere between $100 million and $250 million. But, according to paperwork filed by Kennedy last month, that number could be even higher. “She’s very rich, probably worth between $250 million and $500 million,” said one legal eagle who reviewed the publicly available documents. “From the figures, it looks like she earns between $12 million and $30 million a year from her trust and from her investments.”

The documents reflect that beyond her holdings in family trusts, she has positions through Phil Falcone’s Harbinger Capital, Apollo, Goldman Sachs, Vornado Realty Trust, JP Morgan, Blackstone and the Arctic Royalty Limited Partnership, which reportedly relates to two family-owned oil companies.

She also reports almost $1 million annually from speaking engagements and royalties from books.

The money is, of course, probably mostly her share of the wealth inherited via her grandfather, Joe Kennedy. I wonder how much Joe made in the private versus crony government deals.

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