Ted Kennedy Net Worth at Death – Salary, Income, Earnings

Ted Kennedy Net Worth 

Ted Kennedy had an estimated net worth of $100 million at death. Known as the “Lion of the Senate,” Democrat Ted Kennedy was a staunch liberal who was elected to Congress nine times, spearheading many legislative reforms. He earns most of his income from his political career. 

Ted Kennedy was John F. Kennedy’s and Robert F. Kennedy’s younger brother. He was elected to the Senate at the age of 30 and worked in Congress for the rest of his life. Despite his scandals, Kennedy was regarded as an icon of political progressivism and liberal thought by the time he died on August 25, 2009.

To calculate the net worth of Ted Kennedy, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he 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 his net worth:

Name: Ted Kennedy
Net Worth: $100 Million
Monthly Salary: $1 Million
Annual Income: $12 Million
Source of Wealth: Politician, Lawyer, Statesman

Learn More: Top 30 Richest People In The World

Early Life

Ted Kennedy was born Edward Moore Kennedy on February 22, 1932, in Boston, Massachusetts. Ted grew up in a privileged, Irish Catholic family steeped in tradition as the youngest of nine children. Rose Fitzgerald, his mother, was the daughter of Boston mayor John “Honey Fitz” Fitzgerald. His father, millionaire businessman Joseph P. Kennedy, held numerous important government and non-government positions.

As a result, the family had to relocate frequently to accommodate Joesph’s various assignments. The children also changed schools frequently; by the age of 11, Ted had already changed schools ten times. Despite his busy schedule, Joseph was careful to prioritize his family, always writing letters and sending telegrams when he was away, and welcoming any interruptions to his work involving his children.

Ted’s mother, Rose, was the family member who instilled in her children a high level of academic performance. However, both parents discouraged idleness and emphasized the value of healthy competition and success. Dinner was frequently used as a staging area for various quizzes on politics, history, and literature. Deliberation and debate were strongly encouraged. This taught Ted to immerse himself in his education and worldly pursuits at a young age. “If I wanted to contribute something worthwhile to the conversation, I’d have to talk about a book I was reading or an interesting place I’d visited,” he later reflected on his time at the Kennedy dinner table.

Ted, on the other hand, preferred sports to academics and lagged behind his brothers and sisters in school performance, so he found other ways to steal the show. He quickly became the family clown and extrovert, always cracking jokes, organizing family outings, and charming strangers with his outgoing personality. As a baby, he formed an emotional bond with both of his parents. Their affection for their youngest child also relieved him of the pressure to perform as well as his elder siblings. This sense of diminished expectations would later haunt Kennedy as he attempted to break into the professional world.

Ted Kennedy’s childhood would also be marred by tragedy. His father secretly lobotomized his older, developmentally delayed sister Rosemary in 1941. The operation failed, and the family had her institutionalized indefinitely. Brother Joe Jr. was killed several years later, in 1944, when his plane was shot down during a Navy mission.

Kathleen, his sister, died in a private plane crash over the French Alps in 1948. These incidents, along with others that would follow, would become known as “The Kennedy Curse.” Ted worked tirelessly to lift the spirits of his bereaved family.

Ted enrolled in Milton Academy, an exclusive college prep boarding school eight miles south of Boston, in 1946. Ted was active in athletics, drama, debate, and the glee club at Milton. While he did well, he was not a standout student in comparison to his overachieving brothers. His father chastised him about his grades and weight, and encouraged him to push himself harder. Ted graduated in 1950 and attended Harvard University with his brothers.

Learn More: Top 30 Richest People In The World

Ivy League Life

The younger Kennedy quickly became involved with Harvard’s football team, but in the spring, he discovered that he was failing his Spanish class. He needed to pass his final Spanish exam in order to stay on the team. Ted was expelled after he forced another student to take a Spanish exam in his place out of desperation. If the boys behaved well, the school would allow them to return in two years. As a result, Kennedy enlisted in the United States Army for a two-year term and was assigned as a guard at the Supreme Headquarters Allied Command in Paris, France, thanks to his father’s influence.

Kennedy enrolled at Harvard again in 1952 and was accepted. He returned to football, and his performance piqued the interest of the Green Bay Packers, who attempted to recruit Ted in 1955. Kennedy turned down the offer, saying that while he was flattered, he wanted to attend law school and enter another contact sport—politics. After Harvard, he attended the International Law School (The Hague) for a short time before enrolling at Virginia Law School, where he earned his law degree in 1959.

Senate Career

Ted Kennedy ran a presidential campaign for his brother, John F. Kennedy, in 1960. Ted was elected to John’s former U.S. Senate seat shortly after his brother’s victory in 1962. At the age of 30, he was elected to the Massachusetts House of Representatives.

But tragedy would strike the Kennedys once more. John F. Kennedy was assassinated in Dallas, Texas, in 1963. Ted was in a plane crash a year later and spent weeks in the hospital recovering from a back injury and internal bleeding. The injuries caused him to suffer from chronic pain for the rest of his life. Despite the fact that he was unable to actively campaign for reelection to a full term in 1964, he was re-elected by a landslide vote.

By 1967, Ted Kennedy was speaking out against the Vietnam War, in which the US had become deeply involved during his brother John’s presidency. The US government established a policy of containing communist expansion around the world, and it saw Vietnam as the first line of defense. The United States backed the fledgling democratic government in South Vietnam against the communist government in North Vietnam.

Kennedy, like many other Democratic “cold warriors,” supported the war at first. However, as revelations of poor US military planning and political corruption in South Vietnam emerged, Kennedy became increasingly critical of America’s involvement.

He specifically debated the merits of the military draft and lamented the United States’ failure to provide for war victims. Kennedy visited South Vietnam following the disastrous Tet Offensive, in which North Vietnamese regulars and Viet Cong insurgents attacked more than 100 South Vietnamese cities at the same time. Kennedy increased his criticism while maintaining good relations with President Lyndon B. Johnson’s Democratic administration.

Ted Kennedy experienced another family tragedy when his closest brother, Robert F. Kennedy, was assassinated during his presidential campaign in 1968. “My brother need not be idealized, or enlarged in death beyond what he was in life; to be remembered simply as a good and decent man, who saw wrong and tried to right it, saw suffering and tried to heal it, saw war and tried to stop it,” Ted said in his eulogy.

Ted became the Kennedy clan’s standard-bearer after Robert’s death. In 1969, he became the Senate’s youngest majority whip and an early front-runner for the Democratic presidential nomination. A year later, on July 18, 1969, he drove his car off an unmarked bridge on Chappaquiddick Island, near Martha’s Vineyard, Massachusetts. Mary Jo Kopechne, 28, his passenger in the car, drowned. Ted Kennedy was later found guilty of leaving the scene of an accident by a judge.

Despite the scandal, Kennedy was re-elected to the Senate in 1970, but the incident dogged his subsequent political career and discouraged him from running for president in 1972 and 1976. However, in 1980, Kennedy decided to run for president against Democratic incumbent Jimmy Carter. Kennedy believed Carter’s difficult first term threatened to hand Republicans control of the government, and he was unafraid of publicly criticizing the president.

He did, however, promise to back Carter if he won the presidential primaries. Only ten of the primaries were won by Kennedy. Kennedy conceded his presidential bid at the 1980 Democratic National Convention, but delivered a memorable convention speech.

As the 1980s progressed, President Ronald Reagan’s sweeping government changes gained a firm grip on both the presidency and Congress. Many mainstream Democrats quickly abandoned Ted Kennedy’s liberalism. Those years were difficult for Kennedy as he struggled with his minority party status and his ideological nemesis, Ronald Reagan.

Kennedy also had personal problems, with allegations of philandering and alcoholism surfacing. After a turbulent 24 years of marriage, he and wife Joan Bennett Kennedy divorced in 1982. Despite his personal difficulties, Kennedy was re-elected to the Senate in 1982 and 1988. He remarried in 1992, this time to Washington, D.C. lawyer Victoria Reggie, and attributes his recovery to his new relationship. Curran and Caroline Raclin Raclin were the couple’s other two children.

Ted Kennedy became an influential legislator in support of health-care reform after the Democratic victory of Bill Clinton for president in 1992. He was a co-author of the 1996 Health Insurance Portability and Accountability Act, which allows people who change or lose jobs to keep their health insurance while also protecting patient privacy. He was also a co-author of the Children’s Health Act of 1997, which expanded access to health care for children aged 18 and under.

However, by the late 1990s, Ted Kennedy had established himself as one of the Senate’s most prominent members. He amassed a massive legislative record, enacting legislation that impacted the lives of many Americans of all classes and races. Kennedy advocated for immigration reform, criminal code reform, fair housing, public education, health care, AIDS research, and a variety of poor-assistance programs.

He supported liberal positions on abortion, capital punishment, and busing while serving on the Senate Judiciary Committee. Kennedy accomplished this through political skill and bipartisan friendships with conservative Republicans, all while remaining true to his liberal principles. Kennedy has cosponsored legislation on worker’s healthcare benefits, immigration, and funding for traumatic brain injuries with conservative stalwarts such as Senators Nancy Kassebaum, John McCain, and Orrin Hatch.

In the new millennium, Kennedy expanded his legislative record. In an effort to close the achievement gap in public schools, he worked with both Democrats and Republicans to pass the No Child Left Behind Act. Following the September 11, 2001 attacks, he collaborated with various agencies to address the mental health needs of victims’ families.

He also collaborated on the bipartisan Bioterrorism Preparedness and Response Act, which aims to prevent, prepare for, and respond to bioterrorism emergencies. Despite his initial opposition to the war in Iraq, Kennedy sponsored legislation to provide additional armored Humvees in battle zones in Iraq.

Throughout the rest of the decade, Kennedy sponsored or cosponsored legislation to improve law enforcement’s ability to protect abducted children, reauthorize the Individuals with Disabilities Education Act, increase aid to Hurricane Katrina victims, and expand Medicaid coverage.

Learn More: Top 30 Richest People In The World

Final Years and Death

Ted Kennedy was admitted to Cape Cod Hospital on May 17, 2008, after having a seizure. Doctors diagnosed the senator with a malignant glioma, a particularly lethal type of brain tumor, three days later. Kennedy had surgery on June 2. “I am deeply grateful to the people of Massachusetts, as well as my friends, colleagues, and so many others across the country and around the world who have expressed their support and good wishes as I face this new and unexpected health challenge,” Kennedy said in a statement issued hours before the surgery. “I am humbled by the outpouring of support and encouraged by your prayers and kindness.”

Doctors declared the operation a success, predicting that Kennedy would have no long-term neurological effects. A Kennedy spokeswoman added that the senator spoke with his wife shortly after surgery, telling her, “I’m feeling like a million dollars. I’m going to do it again tomorrow.”

In January, as the 2008 presidential primaries got underway, Kennedy endorsed Illinois Senator Barack Obama for president. Kennedy made an emotional appearance at the Democratic Convention in Denver, Colorado, after the primaries had all but determined Obama to be the presidential candidate. Kennedy delivered a short but rousing speech to hundreds of delegates, looking somewhat tired but elated.

Kennedy had another seizure on January 20, 2009, during Obama’s post-inauguration luncheon at the United States Capitol. Senators John Kerry, Chris Dodd, and Orrin Hatch escorted him to an ambulance as paramedics arrived. His doctor stated in a statement that he believed the incident was caused by “simple fatigue.”

After several weeks of recuperation in Florida, Kennedy called Senate Majority Leader Harry Reid and said, “Kennedy, reporting for duty.” He returned to the Senate the following Monday to vote on its version of the economic stimulus package. In a statement issued that day, he stated, “Today, I returned to the Senate to do everything in my power to support our President and his plan to get our country back on track. We are in the midst of a historic crisis, and we must act quickly, boldly, and responsibly to allow our economy to begin growing again in Massachusetts and across the country.”

Kennedy made an unexpected request to change Massachusetts state law on August 20, 2009, allowing for his immediate replacement. The note to state leaders requested that an interim senator be appointed in the event that his seat was unexpectedly vacated. A special election must be held within five months of the seat vacancy, according to current law. It was Kennedy’s hope that if his seat became unexpectedly vacant, another Democratic senator would be able to continue working on new healthcare legislation, which he saw as critical to the country’s progress.

Kennedy’s aides insisted the move was unrelated to the senator’s health. However, Kennedy’s battle with brain cancer ended a few days later, on August 25, 2009. He died in the evening at his home on Cape Cod, Massachusetts.

Senator Kennedy was known as the Senate’s “liberal lion.” His extensive legislative record reflects his astute political acumen, pragmatic vision, and ability to work across party lines. Ted Kennedy, the youngest member of a family of larger-than-life figures, consistently demonstrated that he was a formidable force in American politics—one who left a legacy of public service to be studied, admired, and emulated.

Further Reading

Related Lists of Celebrities’ Net Worth

Or, browse all celebrities’ net worth.

Who Are The 30 Richest People In The World?

The list of the world’s richest people can change from year to year, depending on their current net worth and financial performance. Here is the current list of the 30 richest people in the world, based on the latest Forbes list, and some interesting facts about each of them.

Learn More: Top 30 Richest People In The World

Leave a Comment

COVID-19 Took My Waiter Job, Then I Made 5-Figures From Home...Discover How I Did It!