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The New York Daily News, a tabloid paper, has estimated that Caroline Kennedy is worth around $100 million.
The former First Daughter is seeking Hillary Clinton's vacant Senate seat. The Daily News had to estimate relying on property holdings and the minimal information available on the Kennedy family trust due to the fact that Kennedy has thus far refused to release tax records, an orthodox move in American politics.
The biggest asset in Kennedy's hands is a 366-acre beach home in Martha's Vineyard, a triangle-shaped island off the coast of Cape Cod, Massachusetts. The home was inherited by Kennedy after her mother's passing and is estimates to be valued at $50 to $75 million.
The Daily News also estimated tens of millions of dollars of holdings in the Kennedy's "massive family trust." The trust's assets are mostly unknown due to the fact that the Kennedy family has never revealed them. Though it is known that it compromises real estate, gas and oil holdings.
Kennedy's massive wealth is due in part to the fact that, unfortunately for her, she is the last surviving Kennedy in her immediate family. Her mother passed away in the 1990's and her younger brother, John Kennedy, Jr., and his wife also in the 90's; they had no children.
The fact that Kennedy has thus far refused to disclose financial information is further proof of her disqualifying entitlement. Her family can maintain any standards of secrecy to the press, if their not running for public office. In America even spouses have to disclose tax records, and Kennedy thinks her famous name exempts her. The least she could do if she intends to cruse to the Senate is display some humility and approachability. Even if she gets the seat, she might regret her aloofness come her election in 2010.
