Robert F. Kennedy Jr. is in the spotlight because he might serve in President-elect Donald Trump’s cabinet. It seems the job will be in the world of public health, which could mean some changes at the century-old Food and Drug Administration, if he has his way. He and Trump have recited the tagline “make America healthy again” a number of times. So here is a little synopsis on how RFK Jr.—a member of the famed Democratic family—got into Trump’s circle and where his wealth comes from. It all started when he announced he was running for president, first as a challenge to Joe Biden to be the Democratic nominee, then as an independent candidate. But he dropped out and endorsed Trump, and then it started floating around that Kennedy might join him in the White House. On Election Day, Kennedy posted: “If you want to see me in Washington, DC, VOTE FOR PRESIDENT TRUMP.”Trump has multiple billionaire backers, such as the world’s richest man Elon Musk. Kennedy appeared to raise money for the so-called “make America healthy again” movement, but is he a billionaire like others in the Trump 2.0 realm? We don’t think so. RFK Jr. did not immediately respond to Fortune’s request for comment.Forbes last year estimated that RFK Jr.’s net worth is about $15 million; that includes his partner actress Cheryl Hines’s assets. Apparently, per Forbes, he doesn’t have more money because of where he resides in the family tree. He is a nephew to President John F. Kennedy and son to JFK’s brother Robert F. Kennedy. RFK Jr. has four brothers and six sisters, meaning he splits family money with more siblings, whereas cousin Caroline Kennedy is the only living child of JFK. From his family money, he holds shares in the Kennedy trust. He inherited $4 million in assets, according to Forbes, including a $1.75 million to $6.5 million stake in Wolf Point, which appears to be a pretty big development in downtown Chicago that houses two luxury apartment towers and skyscrapers for office space. The land was originally purchased by his grandfather, Joseph P. Kennedy, who Fortune profiled in 1962. Kennedy reportedly has $500,000 worth of investments managed by his family’s Park Financial Holdings, plus a stake in Arctic Royalty (which leases land for oil and gas extraction) worth between $31,000 and $115,000. Earlier this year, Politico reported the connection that Kennedy, an environment lawyer, made money off an oil and gas company. For his own fortune, he made more than $5 million through his law firm (where he holds a stake valued between $1 million and $5 million), in the year leading up to the race. He works at other law firms, too. Kennedy earned almost $1.6 million during the same period from Wisner Baum and about $315,000 from JW Howard Attorneys. He also received about $516,000 in salary and bonuses from the nonprofit Children’s Health Defense, $150,000 from Marwood Group, $125,000 from Skyhorse Publishing, and some other smaller amounts, sometimes from speaking engagements, according to a 2023 financial disclosure filing published by Politico.Together, he and his wife (who has her own money, too, of course) apparently have between $100,000 and $250,000 of Bitcoin. And after selling a $5.9 million property in 2021, they purchased a $7 million 5,900-square-foot home in Los Angeles, and they’d previously bought a home on the East Coast worth about $3 million, per Forbes. Although who knows how long they’ll share real estate; Hines is supposedly considering filing for divorce because of her husband’s alleged affair with a reporter, according to People.A newsletter for the boldest, brightest leaders: CEO Daily is your weekday morning dossier on the news, trends, and chatter business leaders need to know. Sign up here.
