Innovation Update

Fortune Helped Fuel Kennedy Family Legacy, Agenda

Stock quotes in this article: VNO  

STEVE LeBLANC

BOSTON (AP) — Sen. Edward Kennedy's family fortune not only fueled his brothers' presidential campaigns and his eight terms in the U.S. Senate, it also helped drive the family's liberal legacy and forge Kennedy's lifelong crusade for universal health care.

Just how wealthy was Kennedy when he died Tuesday at the age of 77 after a yearlong battle with brain cancer?

Untangling a family fortune that reaches back to the early days of the past century is murky business, but the annual federal financial disclosure reports Kennedy was required to file provide at least a' partial glimpse into his personal capital.

As a U.S. senator, Kennedy earned a base salary of $165,200 a year, but that just skimmed the surface of his net worth.

On the most recent report in 2008, which includes his own assets and those of his wife and any dependents, Kennedy listed a string of publicly and non-publicly traded trusts and assets. Under the filing rules, Kennedy was only required to place the value of those assets within a range, rather than give an exact dollar amount.

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