Ethel Kennedy Net Worth
Ethel Kennedy has an estimated net worth of $50 million. Ethel Kennedy is best known as the widow of Robert F. Kennedy, the former U.S. attorney general and New York senator who was assassinated in 1968. The majority of her wealth is attributed to the money and properties she inherited from her parents and husband.
In 1945, Ethel Kennedy met Robert F. Kennedy, also known as Bobby, and the two married in 1950. The couple eventually had eleven children, with Ethel serving as party hostess at the family’s sprawling Virginia estate. When John F. Kennedy was elected president in 1960, he appointed his brother Bobby as United States Attorney General. Bobby was assassinated eight years later, leaving Ethel to raise their children and carry on Bobby’s progressive political legacy, which included the establishment of the Robert F. Kennedy Center for Justice and Human Rights.
To calculate the net worth of Ethel Kennedy, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$50 Million|
|Monthly Salary:||$150 Thousand+|
|Annual Income:||$2 Million|
|Source of Wealth:||Inheritance|
Ethel Skakel, the wife of U.S. Senator Robert F. Kennedy, was born in 1928 in Chicago, Illinois, to parents George and Ann Skakel. Her father had worked his way up from a meager wage as a railroad clerk to eventually co-owning the prosperous Great Lakes Coal & Coke Co., which was founded in 1919. As a result, the Skakels became extremely wealthy, eventually relocating to Greenwich, Connecticut, during Ethel’s childhood and settling into a massive country manor house. Ethel, who was raised with her six siblings, was also a competitive athlete. She went on to attend Manhattanville College of the Sacred Heart, where she met fellow student Jean Kennedy.
Skakel and Kennedy became fast friends at Manhattanville and eventually roommates. She met Jean’s brother, Robert, who was initially romantically interested in Ethel’s sister Pat. Despite this, Ethel and Robert began dating, with Ethel assisting Robert with his brother John F. Kennedy’s 1946 congressional campaign.
Marriage to Robert Kennedy
Robert and Ethel’s relationship became more serious after she graduated in June 1949. They got engaged in February 1950 and married on June 17, 1950. They moved to Charlottesville, Virginia, as newlyweds, where they stayed until Bobby finished his final year at the University of Virginia Law School. Following that, the family relocated to Washington, D.C., where Robert began working for the Department of Justice. Kathleen, their first child, was born shortly after on July 4, 1951. The following year, Joseph II arrived, followed by their third child, Robert, in 1954.
While Ethel was adjusting to motherhood, her husband was running his brother John’s successful Senate campaign in 1952. Under Senator Joseph McCarthy, he was appointed as an assistant counsel to the United States Senate Permanent Subcommittee on Investigations in 1953. Despite resigning later that year, Kennedy returned to the committee in 1954, eventually serving as chief counsel and chairman. In 1957, he was appointed chief counsel to the Senate Select Committee on Improper Activities in Labor or Management.
Public Life and Politics
While her husband rose through the political ranks in Washington, Ethel faced personal tragedy when both of her parents were killed in a private plane crash in 1955. But Ethel, known for her bubbly and vivacious personality, hid her grief. Instead, she devoted herself to raising her growing family and assisting her husband and in-laws with their political campaigns.
Following the Democratic National Convention in 1956, Robert and Ethel purchased Hickory Hill, a mansion in McLean, Virginia, from Robert’s brother John to accommodate their growing family. Under Ethel’s energetic eye, parties and gatherings at the 13-bedroom Hickory Hill manor were numerous, legendary, and boundless.
With a growing interest in family politics, Ethel was one of the Kennedys who campaigned for John as he ran for President of the United States. In 1960, John was elected president and named Robert Attorney General.
Following John’s assassination in 1963, Ethel supported her husband as he ran for and was elected to the United States Senate. Ethel was a likeable presence, and her personality endeared her to the general public. She was known for her no-nonsense, candid demeanor, and she was also skilled at dealing with the press. Despite rumored family feuds, she embraced her Kennedy identity, and her lighthearted humor was a good match for the more serious Robert.
Robert, like his brother, decided to run for president. Ethel and the rest of the Kennedy family prepared for the campaign trail, determined to win the 1968 election. Ethel, who was three months pregnant with their eleventh child, was by Robert’s side once more. However, in the same year, 1968, immediately after winning the California Democratic primary, Robert F. Kennedy was shot multiple times in a Los Angeles neighborhood. He died the following day. Sirhan Sirhan was convicted of Kennedy’s murder in 1969.
Rory, Ethel and Robert’s final child, was born several months after her father was murdered. Ethel began to devote much of her time and energy to various social causes, most notably the establishment of the Robert F. Kennedy Center for Justice and Human Rights and her involvement with the Bedford Stuyvesant Restoration Project in Brooklyn.
However, in the 1980s and 1990s, she experienced more personal adversity. Her son David was discovered in a Palm Beach, Florida hotel room in 1984, where he had overdosed on drugs and died. In 1997, another son, Michael, died in a skiing accident, adding to her grief. In 2002, her nephew Michael Skakel was tried and convicted of murdering his then-neighbor Martha Moxley in 1975. He was released in 2013 after a judge ruled that he had not received an adequate defense, but prosecutors are still pushing for the conviction to be reinstated.
Personal Life and Documentary
Ethel’s deep friendship with singer Andy Williams, who began accompanying her to events after her husband’s death, was scrutinized by media outlets over time. Many speculated about Williams’ own troubled marriage and suspected him of having an affair. Williams and his wife eventually divorced, and he remarried. Ethel eventually refused to remarry, citing her Catholic faith, despite rumors of other relationships with footballer Frank Gifford and politician Hugh Carey. The widowed Kennedy and Williams remained platonic friends, which he insisted was the extent of their relationship.
Rory Kennedy premiered Ethel, a documentary about her mother’s life, at the Sundance Film Festival in early 2012. It later found a home on HBO. President Barack Obama awarded Ethel Kennedy the Presidential Medal of Freedom more than two years later. Ethel had previously endorsed Obama during his candidacy, stating that he reminded her a lot of her late husband.
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