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Kennedy family
PROFILE
Kennedy family
$1.2B
2015 America's Richest Families Net Worth
as of 7/1/15
Photo by AP
About Kennedy family
American royalty, the most famous of the Kennedys are beloved historical figures, President John F. Kennedy, Senator Edward Kennedy and Senator Robert F. Kennedy. No less compelling is Joseph P. Kennedy, the family patriarch who made a fortune on the stock market (among other business activities) before eventually becoming the first chairman of the SEC. In 1998, the family netted just over $300 million from the sale of Chicago's Merchandise Mart, which was once the largest building in the world. Today, the Kennedy fortune is preserved through a byzantine array of family trusts that provides amp... Read More
American royalty, the most famous of the Kennedys are beloved historical figures, President John F. Kennedy, Senator Edward Kennedy and Senator Robert F. Kennedy. No less compelling is Joseph P. Kennedy, the family patriarch who made a fortune on the stock market (among other business activities) before eventually becoming the first chairman of the SEC. In 1998, the family netted just over $300 million from the sale of Chicago's Merchandise Mart, which was once the largest building in the world. Today, the Kennedy fortune is preserved through a byzantine array of family trusts that provides ample income to dozens of Kennedy heirs and continues to help members mount political campaigns. When Patrick J. Kennedy, son of Edward (known as "Ted"), retired from Congress in 2011, it was the first time since 1947 that a member of the family was not serving in elected office in Washington. It was a brief hiatus, though -- Joe Kennedy III, grandson of Robert F. Kennedy, became a member of the U.S. House of Representatives in January 2013, restoring the family's presence on Capitol Hill. Read Less
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