Wealth
Heinz is the life estate beneficiary or outright beneficiary of her husband's trusts, making her either extremely wealthy in her own name or powerful as a trustee of Heinz family wealth. Kerry is wealthy in his own right, though not to the same degree, since he became a trust fund beneficiary of his mother's and Forbes family trusts. Kerry and Heinz signed a prenuptial agreement and have kept their premarital assets separate.
Heinz has declined to disclose her personal tax returns, citing family trusts and privacy. She is estimated to be worth between $750 million and $1.2 billion. According to her most recently released income tax of 2003, Kerry and Heinz paid an effective federal income tax rate of 12%.
Heinz and Kerry live an affluent life. They own a six-floor, $7 million townhome in Boston's Beacon Hill neighborhood, a $9 million ocean-front home on Nantucket, a $5 million ski retreat in Idaho, a $4 million estate in Fox Chapel, Pennsylvania, near the Heinz family's home base of Pittsburgh, and a $5 million home in the Georgetown neighborhood of Washington, D.C.
Read more about this topic: Teresa Heinz
Famous quotes containing the word wealth:
“To get wealth and security by guile
Is like one who pours water into a pot of unbaked clay.”
—Tiruvalluvar (c. 5th century A.D.)
“Ill fares the land, to hastening ills a prey,
Where wealth accumulates, and men decay:
Princes and lords may flourish, or may fade;
A breath can make them, as a breath has made;
But a bold peasantry, their country’s pride,
When once destroyed, can never be supplied.”
—Oliver Goldsmith (1730?–1774)