John Kerry: The $200 Million 'Secretary of State'

January 24, 2013 - 6:02 PM

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Sen. John Kerry (D-Mass.) and his wife, Teresa Heinz-Kerry. (AP)

(CNSNews.com) – Sen. John Kerry (D-Mass), who is President Obama’s nominee for Secretary of State,  was the third richest member of Congress in 2011, behind only Rep. Michael McCaul (R-Tex.) and Rep. Darrell Issa (R-Calif.), and Kerry currently is the wealthiest member of the Senate, according to financial disclosure statements.

The vast majority of Kerry’s holdings are part of three trusts linked with his wife Teresa Heinz-Kerry’s family fortune. Heinz-Kerry is heiress to the Heinz ketchup fortune, reportedly valued at around $1 billion.

According to the Center for Responsive Politics, Sen. Kerry’s net worth is somewhere between $184,268,546 and $287,685,063. Because lawmakers report assets and liabilities in value ranges rather than exact amounts, a precise net worth is difficult to ascertain.

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"Isabel," the 76-foot yacht owned by Sen. John Kerry (D-Mass.). (AP)

However, now that Kerry is expected to be confirmed as Secretary of State, he and wife Teresa have agreed to divest in companies that could create a conflict of interest in his new post.

According to a Jan. 8 letter Kerry sent to the State Department, the Kerrys will divest in 140 different assets across three different trusts, including but not limited to contracting companies such as Raytheon, and energy companies like ExxonMobil.

As of 2011, Kerry had 446 total assets listed on his financial disclosure report.

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One of the homes of Sen. John Kerry (D-Mass.) and his wife, Teresa Heinz-Kerry, waterfront at Brant Point, Nantucket Island. (AP)

In addition to assets, the Kerrys have several properties, including a multi-level Boston townhouse in the affluent Beacon Hill neighborhood, as well as homes in Fox Chapel, Penn., Ketchum, Idaho, and on Nantucket Island.

Back in 2010, Kerry received criticism for reportedly trying to evade a Massachusetts state tax on his yacht, Isabel, by keeping her docked in neighboring Rhode Island.

The Boston Herald reported that the 76-foot yacht has an “Edwardian-style interior” with a bar and cold-wine storage area.