Skip to comments.Fortune helped fuel Kennedy family legacy, agenda
Posted on 08/31/2009 12:16:55 PM PDT by presidio9
Sen. Edward Kennedy's family fortune not only fueled his brothers' presidential campaigns and his eight terms in the U.S. Senate, it also helped drive the family's liberal legacy and forge Kennedy's lifelong crusade for universal health care.
Just how wealthy was Kennedy when he died Tuesday at the age of 77 after a yearlong battle with brain cancer?
Untangling a family fortune that reaches back to the early days of the past century is murky business, but the annual federal financial disclosure reports Kennedy was required to file provide at least a' partial glimpse into his personal capital.
As a U.S. senator, Kennedy earned a base salary of $165,200 a year, but that just skimmed the surface of his net worth.
On the most recent report in 2008, which includes his own assets and those of his wife and any dependents, Kennedy listed a string of publicly and non-publicly traded trusts and assets. Under the filing rules, Kennedy was only required to place the value of those assets within a range, rather than give an exact dollar amount.
The report placed the net worth of his publicly traded assets somewhere between a low of $15 million and high of $72.6 million.
Just a year earlier,
(Excerpt) Read more at news.yahoo.com ...
Hilarious. Quite the bunch of lovable screwballs these Kennedys were. When a Democrat loses a painfully close election, the Republicans are accused of cheating and liberals are still bitching about it years later. When there is sound evidence of fraud and cheating from the the Democrats its just harmless tomfoolery, nothing more.
At the expense of this nation and its citizens.
Until that happens, they are clearly hypocrites.
Back when I was single, in the apartment below me lived a lady who was almost 90, this was back in late 1980’s and her first husband ran booze for old man Kennedy. I think they got busted and her husband did time (she divorced and moved down to FL). It was neat to talk to her on many evenings and hear some of the tales she had to tell. Wish I would have wrote down some of her stories or recorded some of our chats.
The wealthy hold sway in America. Now there’s a headline.
During the 1950s, Joe Sr. was considered to be one the ten wealthiest men in the world with a personal fortune estimated at over half billion dollars. In today’s money that would have made him a multibillionaire.
last year he reported having a lot more than that. I guess he spent the final year hiding as many assets from the inheritance tax as he could.
The Kennedy fortune. Founded on bootlegging money from the 1930’s. That is the equivalent to smuggling drugs today. Some legacy!! My family where honest hard working business people that lost everything in the 30’s. The Kennedys were common criminals that now have fame and fortune. I guess we all get judged in the end and Ted is getting his just rewards.
I think all libs should take a vow of poverty.
Liberal Universities too, but I repeat myself.
>> Fork em.
Your lips to Satan’s ear!
Huh? Teddy was elected to the Senate in 1962!
For everyone but those of them in charge.
I heard somewhere that good old Ted tried to get his state of residence changed to FL so he wouldn’t have to pay the MA death tax. Could be completely untrue for all I know but I wouldn’t put it past him!
It seems to run in rich liberals. FDR's maternal grandfather Warren Delano, made his money running opium to China.
only ONE sister remains - the mother of Teddy’s nephew who was accused of rape and acquitted.
Most of the Kennedy cousins have simply lived off and depleted the fortune. However, some have even increased their person fortunes mostly through marriage. Jackie by marrying the Greek shipping billionaire Aristotle Onassis and Maria Shriver marrying Arnold.
Might as well post her name and address here so we can give her some feedback.
Teddy’s wealth came because his pappy was a BOOTLEGGER!
So here we discover the secret fear at the source of the suicidal liberal mind. It is envy that makes a Nazi, a Communist or a terrorist. It is the fear of being envied that makes a liberal and is the source of "liberal guilt."
This is most easily seen in the children of wealthy parents. Successful businessmen, for example, who have made it on their own normally have a respect for the effort and the economic system that makes success possible.
Their children, who have not had to work for it, are easier targets for guilt-mongering by the envious. So they assume a posture of liberal compassion as an envy-deflection device: "Please don't envy me for my father's money -- look at all the liberal causes and government social programs I advocate!"
Teddy Kennedy is the archetype of this phenomenon.
She was appointed Ambassador to Ireland by WJC.
He brought in German Mausers and Italian Carcanos by the boatload.
That's right, Italian Carcanos.
No doubt in my mind. Let the MSM describe how Teddy has sent his wealth to the "People".
Who b dat?
What am I looking at here?
Caroline Kennedy Scholossberg is reported to be worth 400-500 million
Who is this Howard Stern?
In my church, we periodically hear the Gospel account of Jesus telling the young man to sell all he has and give it to the poor, but I just go to a regular Catholic Church so what do I know?
I can believe that after the deaths of Jackie Onassis and JFK Jr. without any heirs she got the whole ball of wax.
She is the heiress to both Kennedy and Onassis wealth.
It's easy to determine who really ascribes to the belief and those who do not.
My little brother bought one of those Italian Carcanos and fixed it up for hunting. I think it would have been easier to club the deer to death with it than to shoot it. We still laugh about that gun and how bad it was.
I recall a story from years ago. Supposedly Joe Kennedy called a meeting of all the children and their spouses. He told them the family was starting to live off his capital and they would have to cut back on spending. One of the sons piped up and said: “well dad you will just have to work harder”.
“Dat” be Caroline Kennedy Schlossberg’s daughter, I believe.
History it seems is not without a sense of irony.
makes ya’ think about her kid Natasha flippin’ the bird,too.
Cool. Thanx. Fork her too, I say.
Mostly, they believe in spreading other peoples’ wealth from what I see. I had to bury my own Dad a few months back. He earned his own money and used that money to do good for others. He spent much of his time and money defending the lives of the unborn, volunteering his efforts to work with the homeless and dispossessed. Quiet, humble and effective. Honored and respected in his passing by people who were not there for the “politics” of it. The Kennedys have been choking on their ill-gotten wealth for years and years, but don’t have the sense to even see it. A pity.
Oswald made two almost perfect shots with one.
There is the truth of America (as opposed to the Kennedy-0bama pseudo-America).
No doubt that they are trust fund kids with very nice allowances and most likely ghost salaries for serving on various boards or committees of the Kennedy funds and likely cross membership on other 'old money' trusts and foundations.
But they can't get at the principle. As to where the total fortune stands, that would be up to the skill of the fund managers.
Shame they didn't have Bernie Madoff managing it. ;~))
My brother’s Carcano could not hit a deer within clubbing distance. It must have had a hard life before he bought it.