Kerry: Man of the People
The wife of Presidential candidate John F. Kerry is worth at least a billion dollars. With a B. (Hat tip: Hulugu.)
Teresa Heinz Kerry, through a network of investments in blue-chip corporations, venture capital funds and municipal bonds, controls a family fortune worth an estimated $1 billion, an examination of public records shows.
The $1-billion figure is double the estimates of her wealth that are widely cited in news stories about her husband, Massachusetts Sen. John F. Kerry, the presumptive Democratic nominee for president.
The couple would rank as the wealthiest to occupy the White House, far surpassing such storied presidential fortunes as the Kennedys’. Their assets are so vast and far-reaching that they mirror the U.S. economy, and will likely raise questions about conflicts of interest.
“She represents a new ballgame in terms of her wealth and in terms of the wealth she controls,” said Kevin Phillips, a political commentator and author of the history “Wealth and Democracy.”
Heinz Kerry’s investments, worth an estimated $500 million in 1995, have grown over the last nine years to $1 billion or more, even accounting for large living expenses and charitable contributions, according to an analysis of Securities and Exchange Commission filings, Senate financial disclosure reports, probate documents and other public records.
Since key details of Heinz Kerry’s investments are not in the public record, a precise valuation is not possible. The Times analysis produced estimates as low as $900 million and as high as $3.2 billion.