Bogdan Stojkov
Representing Louisiana in the US Senate, Senator John Kennedy’s net worth is a focal point for many curious Americans. In this piece, we’ll take a look at his wealth, assets, and investments, as well as any related insider trading controversies.
Who is John Kennedy?
John Kennedy was born on November 21, 1951, in Centreville, Mississippi. He attended Vanderbilt University, where he earned his Bachelor of Arts in Political Science, Philosophy, and Economics. Later, he received a law degree from the University of Virginia School of Law and completed his education with a Bachelor of Civil Law from Oxford University in England.
Kennedy started his political career as a Democrat but switched to the Republican Party in 2007. He has served in various capacities, including Secretary of the Louisiana Department of Revenue and Treasurer of Louisiana. He became a US Senator in 2017.
Senator John Kennedy’s net worth
Senator John Kennedy’s net worth is estimated to be around $18.1 million according to Incomepedia. His wealth is primarily generated from stakes in several businesses and mutual funds, and it seems that his political career and time as a senator seem to have no major influence on his net worth.
How did John Kennedy make his money?
John Kennedy built his wealth through a combination of his salary, legal practice, and investments.
Salary
As a US Senator, Kennedy earns an annual salary of $174,000. Before his Senate career, he also drew earnings from his time as Louisiana’s State Treasurer and his legal practice.
Other sources of income
In addition to his salary, Kennedy has made money through:
- Legal practice: Kennedy worked at prestigious law firms and held significant legal positions before his full-time political career;
- Investments: According to Incomepedia, Kennedy made savvy investments over the years, contributing significantly to his net worth;
- Book royalties: Kennedy has authored books and articles, earning royalties that add to his income.
Kennedy’s assets and investments
Senator John Kennedy has a diversified portfolio with stakes in various publicly traded companies. His assets in 2016 were between $6,459,132 and $18,165,000. Some of his notable assets include:
- 102 acres on Church Street valued between $1,000,001 and $5,000,000;
- SCHM—Schwab US Mid-Cap ETF valued between $550,003 and $1,100,000;
- RiverNorth Institutional Partners valued between $500,001 and $1,000,000;
- 89 Fort Panic Road, Santa Rosa Beach, Florida 3245 valued between $500,001 and $1,000,000;
- PowerShares QQQ Trust Mutual Fund valued between $300,003 and $750,000.
Insider trading involvement
Insider trading has become a hot topic in politics, with several lawmakers facing scrutiny. However, there have been no significant allegations or evidence suggesting that Senator John Kennedy engaged in insider trading.
Holding Foreign Insiders Accountable Act
How much is John Kennedy worth?
As reported, Senator John Kennedy’s net worth stands at around $18 million. His financial portfolio, which consists largely of various business interests and mutual fund investments, is the main source of his wealth. Interestingly, his tenure as a senator and his political endeavors do not appear to have a significant impact on his financial status.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
