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How Much Robert F. Kennedy Jr. Is Worth?
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August 20, 2023
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10:53Now PlayingFor decades, the Kennedy clan has been one of America’s most powerful–and most prosperous. Joe Kennedy, father to President JFK, Attorney General RFK and Senator Ted, got rich speculating on stocks and investing in real estate, seeding a family fortune that Forbes last estimated to be $1.2 billion in 2015. RFK Jr., one of Joe’s 29 grandchildren, is the fourth descendant to run for president—and the first to do so without the backing of the broader family. He’s not putting any of his own money into his campaign, either. Asking strangers for donations on social media may not seem very Camelot, but it makes sense once you realize that RFK Jr. has inherited a lot more Kennedy cachet than actual Kennedy cash.
Forbes estimates Robert F. Kennedy Jr.’s net worth to be about $15 million–and that’s including the assets of his spouse, actress Cheryl Hines, who most famously played Larry David’s wife on HBO’s Curb Your Enthusiasm. A major reason RFK Jr. doesn’t have more money: The Kennedy family tree has a lot of branches. RFK Jr. is one of Bobby Kennedy’s 11 children, leaving him with far less than, say, cousin Caroline Kennedy, the only surviving descendant in their generation from John F. Kennedy’s branch.
That’s not to say that RFK Jr. has no family money. He shares in the Kennedy trusts, which date back as far as 1926. He holds at least $4 million of assets inherited from his forefathers, most notably a stake in Wolf Point, a massive development in downtown Chicago, on land that Grandpa Joe acquired in the 1940s.
Partnering with Houston-based property giant Hines and a real estate arm of the AFL-CIO federation of labor unions, the Kennedy family has developed two luxury rental apartment towers on the site, along with a 60-story skyscraper offering more than 1.2 million square feet of office space, mainly leased to software company Salesforce and law firm Kirkland & Ellis. RFK Jr. reported owning between $1.75 million and $6.5 million of equity in the project on a financial disclosure he filed in June. “It’s a phenomenal location,” says Tony Hardy, executive director of Keller Williams’ Chicago multifamily division. “Hines and the Kennedys, those guys have great reputations of delivering quality.”
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