What was Dianne Feinstein's net worth? Late California senator left huge fortune for her and billionaire husband's feuding daughters
WASHINGTON, DC: The longest-serving woman serving in the Senate Dianne Feinstein died aged 90 on Thursday, September 28 leaving behind a staggering wealth of $69.4 million, which she put in her last net worth disclosure in May.
The longest-serving Senator from California left behind her vast wealth to her only daughter and her billionaire husband Richard Blum’s three feuding daughters.
How did Dianne Feinstein accumulate her wealth?
Feinstein, who emerged as the second richest senator in 2018, had her wealth included in blind trusts, US Treasury bills, and other low-risk instruments, stacked in bank accounts and multiple real estate, per CBS News.
Feinstein’s billionaire husband Richard Blum, founder of Blum Capital Partners, took Feinstein’s net worth to an astronomical level.
Real Estates
Feinstein and her husband Blum together had a magnificent inventory of real estate scattered all over the USA.
Per New York Post, Blum, who died in 2022 and Feinstein planned for the dispersal of their wealth before their respective deaths.
After Blum’s death, Feinstein was scheduled to gain $1 million per year from the trust dealing with his investments.
One of the most picturesque properties of Feinstein is her Washington DC property which she purchased for $5.1 million in 2001. The house is worth $7.4 million today.
The American University Park property is a 1936 French Revival mansion, and is not a part of the marital property of Blum and Feinstein.
Thus it is presumed that the property will be inherited by Feinstein’s only daughter Katherine.
The power coyuple owned a three-story 1917 Italianate mansion on Lyon Steps in San Francisco which has a current valuation of $21 million.
Feinstein also had two vacation homes - one in Kauai, Hawaii, worth up to $5 million, and another in Stinson Beach in Marin County, estimated to be worth $7.5 million.
There has been a feud between her daughter Katherine and Blum’s three daughters with Katherine suing the three sisters for trying to slow the sale of the house.
Previously, Feinstein sold a 36-acre Bear Paw Ranch in Aspen, Colorado, which was co-owned by her and her husband at an amount more than $25 million.
Their seven-bedroom house in Lake Tahoe also fetched her a staggering $36 million.
Blind Trusts
It is said that Feinstein had around $25 million in blind trusts. Her bank accounts are also estimated to be holding wealth somewhat between $6 million to $30 million.
She also used to get a pension of $500,000 to $1 million from the city of San Francisco for being elected the mayor of the city in 1979.
Private jet
Feinstein led a remarkable life where she commuted through a private jet. The Gulfstream G650 jet is estimated to be worth $61,815,000 in the second-hand market.
Carlton Hotel Properties
Per OpenSecrets.org, in 2018, Feinstein clocked a net worth of $88 million because of her $37.5 million stake in San Francisco's Carlton Hotel Properties,
However, after the sale of the property in 2020, her revenue from the Carlton came down to below $1000 dollars.
Who will inherit Dianne Feinstein’s wealth?
Per New York Post, the Washington DC-based property might have been inherited by Feinstein’s daughter Katherine Feinstein.
The Stinson Beach property is at the center of the contention between the two parties, one represented by Katherine and the other represented by Blum’s three daughters, reports The New York Times.