Former Attorney General and U.S. Senator Robert F. Kennedy’s grandson, Joe Kennedy III, is worth millions; a fact most everyone knows. But many are wondering, just how rich is Joe Kennedy III? His net worth is estimated to be between a whopping $19.0 and $43.0 million! Astute to the core, Kennedy had made some really smart moves in the financial market, which made him some quick money. Read all about Democrat Joe Kennedy III’s net worth in 2018.
Immediately after President Donald Trump’s State of the Union address, the response speech from Democrat Joe Kennedy III was phenomenal. The speech ripped apart the president’s claims and his logic behind all his policies! Who is the man daring to defy Trump? We’ve got all the details on the U.S. representative causing a stir, right here.
Joe Kennedy III hails from a very rich family and is also a part of the Kennedy family fortune. He is the grandson of the Sen. Robert S. Kennedy, and great-nephew of Senator Ted Kennedy and President John F. Kennedy. He is estimated to be worth between $19.0 and $43.0 million, which is reportedly due to his investments and trust funds. He has invested very carefully and has made millions for himself and his family.
Let’s take a closer look at Joe Kennedy III’s fortune.
How Much Is Joe Kennedy III Worth?
Joe Kennedy III has a huge chunk of his wealth tied up in trust funds and bank accounts. He has a common trust fund estimated at $5.0 million and has a stake in Exxon Mobil worth $750,000.
According to sources, Kennedy is the 22nd richest person in Congress, but his personal ranking has decreased by seven percent. So, his position could have slipped, as well.
Here is where Joe Kennedy III’s net worth stands compared to his fellow Democrats:
|Rep. Darrell Issa||$460.0 million|
|Rep. Michael McCaul||$305.5 million|
Joe Kennedy III’s wife, Lauren Anne Birchfield, was reportedly in debt in 2015, despite him being one of the richest men in the Congress.
According to sources, his wife is chipping away at the $50,000 she owes in student loans! Apparently, at one time, the couple was at least $750,000 in debt from mortgages for their homes on the East Coast!
Joe Kennedy III invested thoughtfully in the pharma and tech industries. These are touted to be the ones that will rarely see a downslide, since demand for both usually remain high.
Here are some details according to Open Secrets:
- Joe Kennedy had investments worth $1.58 million in the pharmaceutical and health industry in 2015; he had also put in his money into electronics manufacturing to the tune of $1.126 million.
- According to The Boston Globe, Kennedy earned a stock value of up to $434,999 from Gilead Sciences Inc. in May 2016, which is the manufacturer of Sovaldi, a hepatitis C drug on the market.
- He had purchased the stocks way back in 2012 and earned somewhere around $15,000 and $50,000 in capital gains after he sold a portion of it in 2014.
- Kennedy’s holdings in Gilead towards the end of 2015 were between $180,004 and $450,000.
Joe Kennedy III vs. Donald Trump
Joe Kennedy III has been against almost all of Trump’s policies and has taken a stand. At last night’s State of the Union address, Kennedy unleashed a bit of fury in response to Trump’s speech.
Kennedy stood up on the podium and delivered a message of inclusion for the entire country, and not just for those many believe Trump favors. He accused Trump of presenting Americans with “one false choice after another” based on the premise that “in order for one to win, another must lose.” He said the administration had asked them to pick between “coal miners or single moms, rural communities or inner cities, the coast or the heartland.” But Kennedy preached that the country is stronger than anything together.
“There is no mercy in a country that turns their back on those most in need of protection: the elderly, the poor, the sick and the suffering. There is no mercy in a cold shoulder to the mentally ill,” he added.
“We fight together,” he declared. “Because the strongest, richest, greatest nation in the world should not have to leave anyone behind.”
For the man touted to be the one of the “potential 2020 presidential contenders,” Joe Kennedy III’s speech was big, but the impact was even bigger.