Caroline's Pad Puts Hillary's to Shame
The Clintons have nothing on the Kennedy’s when it comes to net worth and luxurious homes
Updated 1:03 PM EST, Mon, Dec 29, 2008
A luxurious estate in Martha’s Vineyard will be Caroline Kennedy retreat away from the stress of Capitol Hill if she replaces Hillary Clinton as New York’s next Senator.
The Clintons have nothing on the Kennedy’s when it comes to net worth and luxurious homes.
Caroline is the owner of a 336-acre estate with a 2,000-foot-long driveway and is worth an estimated $50 million, according to the New York Post. Caroline’s mother Jackie Onassis purchased the property for $1.1 million in 1978.
The house is just a small part of Caroline Kennedy's personal fortune, which could exceed $400 million, according to C. David Heymann, author of "American Legacy: The Story of John and Caroline Kennedy."
The sprawling estate is the perfect place for the senatorial hopeful wheel and deal away from the spotlight of the Senate. The property boasts 4,620 feet of oceanfront for her to recoup from the stress of Washington, if she gets appointed by New York Gov. David Paterson to replace Sen. Clinton.
The Kennedys converted the 31 lots of land that make up the property into just seven with deed restrictions that limit subdivisions and development.
Five of the seven plots are for Caroline and her children, with the remaining two open to "non-Kennedys" if they ever decide to sell, according to the New York Post.
Caroline is the beneficiary of a massive trust fund established by clan patriarch Joseph Kennedy.
First Published: Dec 29, 2008 9:00 AM EST
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