![]() These investments are deployed in a serves of trust funds, foundations and privately held companies designed to preserve the family's capital. Kennedy, who was a deft entrepreneur and master speculator in real estate and stocks-are known only to a small group of accountants and tax experts retained by the family.Īccumulated by the family patriarch in the 1920's, 30's and 40's, the Kennedy riches today are heavily invested in real estate, to a lesser degree in a variety of stocks, bonds and taxexempt securities and to some extent ia oi and gas enterprises. The dimensions and details of the Kennedy family holdings-amassed by the late Joseph P. Indeed, partly because the Kennedys have traditionally avoided such involvement, the Kennedy millions and the men who oversee this wealth remain obscure to a degree almost unknown among other great American fortunes. Kennedy) was not in Manhattan to immerse himself in the details and management of the family fortune. Kennedy (the eldest son of the late Senator Robert F. The visit was a possible prelude to his running for State Treasurer of Massachusetts. Kennedy 3d, who was in New York recently seeking a quick education on the intricacies of state and municipal financing. The Kennedy fortune, estimated at $300 million to $500 million, has advanced the political careers of a United States President and two Senators from one of the nation's best‐kdown families.Īnd it almost certainly will smooth the path for a new generation of office‐seeking Kennedys-such as 24year‐old Joseph P.
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