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

(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.

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, center right. Kennedy was diagnosed at the hospital with a malignant brain tumor.
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)
In this March 7, 2005, file photo, Caroline Kennedy, sits in front of an image of her late father President John F. Kennedy at the John F. Kennedy Presidential Library and Museum in Boston. Caroline Kennedy has told New York Gov. David Paterson she wants to be the state's next...
In this March 7, 2005, file photo, Caroline Kennedy, sits in front of an image of her late father President John F. Kennedy at the John F. Kennedy Presidential Library and Museum in Boston. Caroline Kennedy...   (AP Photo/Chitose Suzuki, File)
Caroline Kennedy waves as she leaves City Hall, where she visited with Mayor Matt Driscoll in Syracuse, N.Y., Wednesday, Dec. 17, 2008.
Caroline Kennedy waves as she leaves City Hall, where she visited with Mayor Matt Driscoll in Syracuse, N.Y., Wednesday, Dec. 17, 2008.   (AP Photo/Kevin Rivoli)
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If you were going to sell it it, it would be between $50 [million] to $75 million. It's breathtaking. It's extremely unique. - Realtor Cathy Goudy on Caroline Kennedy's Martha's Vineyard estate

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