Embassy Row: ‘She’s very rich’

Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

If confirmed as U.S. ambassador to Japan,Caroline Kennedy would be one of America’s richest diplomats, with income from corporations that would make a liberal howl “One percenter!” if she weren’t a Kennedy.

Ms. Kennedy, the sole surviving child of President John F. Kennedy, is even richer than her grandfather, who served as U.S. ambassador to Great Britain from 1938 to 1940.

The secretive Ms. Kennedy appears to be worth as much as $500 million, according to sources who have analyzed her financial filings required for Senate confirmation of ambassadorial nominees. Her money comes from family trusts, charitable foundations and positions on corporations, including an oil company.

“She is very rich,” one lawyer told The New York Post, which broke the story of her personal wealth this week.

Ms. Kennedy is so sensitive about her wealth that she resisted disclosing her riches in 2008, when she sought an appointment to the U.S. Senate seat from New York, after Hillary Rodham Clinton resigned to serve as secretary of state.

She reluctantly agreed to reveal her net worth if David Patterson, then governor of New York, was prepared to send her to the Senate. She later withdrew her name from consideration.

President Obama nominated her for the ambassadorship in Tokyo in July.

Her grandfather, Joseph P. Kennedy,was worth as much as $400 million. Of course, a million dollars went a lot further in the 1930s.

The Post said Ms. Kennedy holds “positions” with capital equity firms, investment giants such as Goldman Sachs and JP Morgan, and the Arctic Royalty Limited Partnership, a firm in the oil business.

She also serves on the boards of Harvard University’s Institute of Politics, the Kennedy Center for the Performing Arts, the Kennedy Library Foundation and her husband’s charity, the Edwin Schlossberg Foundation.

‘TROUBLING DIRECTION’

Africa’s newest nation is quickly embracing Africa’s oldest addictions — tribal violence and human rights abuses — on its way to an “entrenched period of instability,” four top members of Congress charged in a letter to the president of South Sudan.

“You fought against a regime that sought to destroy populations based upon their ethnic identity, and to engage in such practices now betrays the spirit in which the country of South Sudan was born and the historical basis for the United States’ support,” they wrote to President Salva Kiir.

Sens. Robert Menendez, New Jersey Democrat and chairman of the Senate Committee on Foreign Affairs, and Bob Corker of Tennessee, the panel’s ranking Republican, joined Reps. Edward R. Royce, California Republican and chairman of the House Committee on Foreign Relations, and Eliot L. Engel of New York, the committee’s ranking Democrat, in outrage over the growing lawlessness in the African nation.

They denounced the South Sudan army for committing “gross human rights violations” and inciting “ethnic violence” in the eastern state of Jonglei.

Story Continues →

View Entire Story

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

About the Author
James Morrison

James Morrison

James Morrison joined the The Washington Times in 1983 as a local reporter covering Alexandria, Va. A year later, he was assigned to open a Times bureau in Canada. From 1987 to 1989, Mr. Morrison was The Washington Times reporter in London, covering Britain, Western Europe and NATO issues. After returning to Washington, he served as an assistant foreign editor ...

Latest Stories

Latest Blog Entries

Comments
blog comments powered by Disqus
TWT Video Picks