The Kennedy family fortune has long been a topic of interest, with the wealth being passed down through generations. The latest development in this saga comes from a series of viral videos by Jack Schlossberg, the grandson of John F. Kennedy and son of Caroline Kennedy, denouncing Robert F. Kennedy Jr. and endorsing Joe Biden. Schlossberg’s videos have created a rift within the Kennedy family, highlighting the disparities in financial holdings among the various branches.
Robert F. Kennedy had 11 children, while John F. Kennedy had just one surviving child, Caroline. This has led to a stark difference in the family’s wealth distribution, with Caroline likely set to inherit a much larger windfall than RFK Jr. Financial disclosures show Caroline Kennedy has assets worth between $5 million and $25 million, while RFK Jr. has fewer assets, with only two worth over $1 million. The Kennedy family fortune dates back to Joe P. Kennedy, the father of John F. Kennedy and Robert Kennedy, who built his wealth through various ventures in finance, movies, and real estate.
The Kennedy family fortune, estimated at $1.2 billion in 2015, is built on trusts established by Joe Kennedy to provide for his descendants. These trusts have been passed down through the generations, with different branches of the family receiving varying amounts of inheritance. RFK Jr. is estimated to be worth about $15 million, with some of his wealth likely coming from his wife, Cheryl Hines. On the other hand, Caroline Kennedy has likely inherited a significant portion of JFK’s share of the family fortune due to her father’s small branch of the family.
In addition to Jack Schlossberg and Robert F. Kennedy Jr., there are several other living heirs of the Kennedy family fortune. Ted Kennedy, who was reportedly worth between $45 million and $150 million when he died in 2009, had three children. Joe Kennedy’s daughters also had thirteen kids between them, one of whom married actor and former California governor Arnold Schwarzenegger. The disparities in wealth among the different branches of the Kennedy family further highlight the complexities of inheriting a vast fortune.
For Schlossberg, life seems to be going well, as his Instagram account showcases a life of luxury and privilege. The Harvard Law graduate, who recently passed the New York bar exam, appears to have a smooth road ahead in terms of financial security. In contrast, RFK Jr.’s long career as a litigator, and despite being lucrative, did not provide him with enough resources to finance his own presidential campaign. The Kennedy family dynamics, wealth distribution, and potential impact on political affiliations continue to be a topic of interest and speculation for many observers of American politics.
