Joseph Patrick "Joe" Kennedy, Sr. (September 6, 1888 – November 18, 1969) was an American businessman, investor, and government official. Kennedy was the husband of Rose Kennedy. Their children included President John F. Kennedy (1917–1963), Attorney General and Senator...Wikipedia
Age: 81 (age at death)
Born: 6th September, 1888, Boston, Massachusetts, USA
Died: 18th November, 1969, Hyannisport, Massachusetts, USA
Height: 4' 10" (147 cm)
Claim to Fame: Built famous Kennedy family fortune and initial fa
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When he died in 1969, his estate was estimated to be worth $400 million. His fortune was unusual in many ways, one of which was the fact that unlike most of the wealthiest families in America at the time, he was not heavily invested in oil. He made over $100 million in retirement as a real estate speculator. Another $100 million was in tax exempt securities. The only corporation the money was tied was to the family itself.
As early as 1926, he set up a trust fund for the benefit of his wife Rose and the children that were then born. He set up two additional funds in 1936 and 1949. The 1949 trust is the fund that began to set portions of his wealth to his grandchildren. The three funds, plus the Joseph P. Kennedy,Jr. foundation were the chief vehicles for capital conservation. In 1968, the foundation had assets of $22.1 million, and dispersed as much as $1,600,000 to mental retardation research.
Don`t buy a single vote more than necessary. I`ll be damned if I`m going to pay for a landslide.
More men die of jealousy than of cancer.