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What is John Kerry's net worth? Ex-secy of state who married into Heinz empire named climate envoy

A member of the Democratic Party, Kerry was the Democratic nominee for President of the United States in the 2004 election, which he lost to incumbent President George W Bush
UPDATED NOV 24, 2020
John Kerry (Getty Images)
John Kerry (Getty Images)

On Monday, November 23, president-elect Joe Biden’s transition team formally unveiled the first set of cabinet picks. Biden revealed the names of six members of his proposed cabinet which are Alejandro Mayorkas as the Secretary of Homeland Security, Anthony Blinken as the Secretary of State, Avril Haines as Director of National Intelligence, John Kerry as the Climate Envoy; Linda Thomas-Greenfield as the US Ambassador to the United Nations and Jake Sullivan as the National Security Advisor. Louisa Terrell, who served as deputy chief of staff for Biden in the Senate, will be Director of the White House Office of Legislative Affairs. But, what naturally caught people's attention was the inclusion of Kerry.

Kerry earlier served as the 68th United States Secretary of State from 2013 to 2017. An attorney and former naval officer, Kerry first drew public attention as a decorated Vietnam veteran turned anti-war activist. He went on to serve as a prosecutor and as Lieutenant Governor of Massachusetts, before serving as the United States Senator from Massachusetts from 1985 to 2013. A member of the Democratic Party, he was the Democratic nominee for President of the United States in the 2004 election, which he lost to incumbent President George W Bush. He was active in public affairs as a vocal opponent of President Donald Trump and a supporter of Biden.

John Kerry's net-worth

According to Celebrity Networth, Kerry has a total fortune of $250 million. Kerry's wealth comes from his marriage to Teresa Heinz. Prior to marrying Kerry in 1995, Teresa was married to John Heinz from 1966 to his death from a plane crash in 1991. John Heinz was the heir to the Heinz ketchup fortune which passed on to Teresa after his death. Her net worth is kept in trusts and is estimated to be worth $750 million – $1.2 billion, according to the Forbes 400 survey.

John Kerry (Getty Images)

Estimates of Kerry's net worth have frequently varied ranging from around $165 million to as high as $3.2 billion, according to a study in the Los Angeles Times. Despite the variation, Kerry was the wealthiest US Senator while serving in the Senate. Independent of Heinz, Kerry is wealthy in his own right and is the beneficiary of at least four trusts inherited from Forbes family relatives, including his mother, Rosemary Forbes Kerry, who died in 2002. Forbes magazine estimated that if elected, and if Heinz family assets were included, Kerry would have been the third-richest US president in history when adjusted for inflation.

The assessment was based on Heinz's and Kerry's combined assets, but the couple signed a prenuptial agreement that keeps their assets separate. Kerry's financial disclosure form for 2011 put his personal assets in the range of $230,000,000 to $320,000,000, including the assets of his spouse and any dependent children. This also included slightly more than three million dollars worth of HJ Heinz Company assets which increased in value by over six hundred thousand dollars in 2013 when Berkshire Hathaway announced their intention to purchase the company.

In April 2017, Kerry purchased an 18-acre property on the northwest corner of Martha's Vineyard overlooking Vineyard Sound in the town of Chilmark, Massachusetts. The property is located in Seven Gates Farm and, according to property records, cost $11.75 million for the seven-bedroom home.