John Kerry's estimated net worth is approximately $200-250 million.
Overview
John Kerry's net worth stats
Net worth: | $200-250 million |
---|---|
Source of wealth: | Investments, salary, speaking fees |
Date of birth: | December 11, 1943 |
Place of birth: | Aurora, Colorado |
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How did John Kerry build his net worth?
John Kerry built his net worth from investments in energy, finance, and tech companies; salaries received from advisory roles, including one as Bank of America's global advisory board chairman; speaking fees from universities, banks, and foundations; and consulting fees.
His marriage to the Heinz Foods heiress Teresa contributed has contributed significantly to his wealth. Her fortune is estimated to be $750 million – $1.2 billion, inherited on the death of her former husband, sole heir to the Heinz fortune.
In 2013, President Barack Obama appointed Kerry as Secretary of State, bringing in an annual salary of $221,400. His tenure ended when Donald Trump took office in early 2017.
When he was appointed the National Security Council's Special Presidential Envoy for Climate by President Joe Biden in 2020, the extent of Kerry's wealth was laid out in a financial disclosure.
The disclosure revealed Kerry's many revenue streams — too long to list in its entirety here.
Most notably, Kerry had millions of dollars invested in oil and gas exploration and refining companies such as ConocoPhillips and Valero Energy, as well as Southern Company, a gas and power supply company.
The filing also revealed how Kerry was in receipt of tens of thousands of dollars each month from salaried positions. His salary as Bank of America's global advisory board chairman brought in $5 million. Yale University also paid him $39,000.
Kerry's disclosure showed an income of $125,000 from The Rise Fund, an investor focusing on green energy and social justice.
The list of companies, funds, organizations, and foundations that paid him an honorarium is a who's who of the world's elites, including Deutsche Bank, Barclays, BMO Harris Bank, Zurich Insurance Co., Credit Union National Association, Amundi Asset Management, Cornell University, Panetta Institute, and others.
His list of bank accounts include two checking accounts with a balance of $1-5 million, another checking account with a balance of $500,000-1,000,000, and four with smaller balances.
Kerry's stock portfolio, some of which are dividend-bearing, includes Alphabet, Amazon, Apple, Beyond Meat, Boeing, Cabot Oil & Gas, Capital One, Caterpillar, Cheniere Energy, Cimarex Energy, Duke Energy, Emerson Electric, Entergy, Eversource Energy, Goldman Sachs, Humana, JP Morgan Chase, Eli Lilly and Company, Morgan Stanley, NextEra Energy, Northrop Grumman, NRG Energy, nVent Electric, Oklahoma Gas & Electric, ONE Gas, Pfizer, Raytheon Technologies, Teladoc, and WEC Energy Group.
Since Kerry's role in driving the green agenda was contradicted by his investments, a State Department spokesperson told ABC News that "Special Presidential Envoy Kerry agreed to divest the assets identified by the Ethics Office and has done so."
How has John Kerry spent his wealth?
In April 2017, John Kerry and his wife spent a reported $11.75 million buying an opulent 7-bedroom house in Martha's Vineyard that's "tucked into a rolling hillside with distant views of the Elizabeth islands, where Mr. Kerry, a member of the Forbes family on his mother’s side, has long ties."
Kerry has been lambasted as a hypocrite by some for his use of a private jet, which belongs to his wife.
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FAQs
How rich is John Kerry?
John Kerry has a fortune of around $200-250 million.
How did John Kerry make his money?
John Kerry's wealth has come from investments, speaking fees, and salary in and out of government.
Is John Kerry richer than Nancy Pelosi?
Based on their estimated net worths, John Kerry is richer than Nancy Pelosi.
Image: Wikimedia