Documents filed by Caroline Kennedy, President Barack Obama's nominee to serve as U.S. ambassador to Japan, reveal that she could be worth as much as $500 million.
Back in 2008, Kennedy refused to release financial information during her bid to take over Hillary Clinton's Senate seat, and eventually withdrew her request for then-Gov. David Paterson's appointment.
But after Obama's July 24 nomination of Kennedy
, she filed paperwork indicating substantial wealth, the New York Post reported
Special: Today’s Fastest-Growing Financial Product Exchange-Traded Funds for Dummies
"She's very rich, probably worth between $250 million and $500 million," one attorney who reviewed the documents told the Post.
"From the figures, it looks like she earns between $12 million and $30 million a year from her trust and from her investments."
She also earns nearly $1 million a year from speaking engagements and book royalties.
Kennedy has said she will step down from her roles with the Institute of Politics at Harvard, the Kennedy Library Foundation, the Kennedy Center for the Performing Arts, and her husband's Edwin Schlossberg Foundation if she is confirmed.
© 2021 Newsmax. All rights reserved.