Caroline's Piece of Camelot Worth Upward of $100M

Kennedy, extremely wealthy, holds much of the Kennedy family empire
By Gabriel Winant,  Newser User
Posted Dec 24, 2008 8:43 AM CST
In this May 21, 2008, Sen. Edward M. Kennedy, D-Mass., walks out of at the Massachusetts General Hospital after he was released in Boston, with his wife, Vicki, right, and niece Caroline Kennedy Schlossberg,...   (AP Photo/Stephan Savoia/FILE)
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(Newser) – Democrats may be right to be concerned that a Caroline Kennedy Senate appointment would make them look elitist, reports the New York Daily News in an analysis of public records that pegs the Kennedy scion's worth at a $100 million minimum. Though her financial records are held tightly, she’s sitting on a heap of inherited money and property, including a 366-acre Martha’s Vineyard spread, described by a realtor as “breathtaking” and worth $50 million to $75 million.

Among Kennedy's holdings:

  • Her father's share of Joseph Kennedy's undisclosed fortune, millions in real estate, gas, and oil. Caroline collected $38 million in 1998 from the family's sale of Chicago's Merchandise Mart.
  • At her death in 1994, Jackie Kennedy left Caroline and brother John an estate valued at $43.7 million; the sale of her belongings brought another $40 million at auction.
  • John Kennedy Jr left the majority of his $50 million estate to Caroline and her three children at his death in 1999.