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:
“Franklin said once in one of his inspired flights of malignity—
Early to bed and early to rise
Make a man healthy and wealth and wise.
As if it were any object to a boy to be healthy and wealthy and wise on such terms.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Eulogy. Praise of a person who has either the advantages of wealth and power, or the consideration to be dead.”
—Ambrose Bierce (1842–1914)
“There is something to be said for jealousy, because it only designs the preservation of some good which we either have or think we have a right to. But envy is a raging madness that cannot bear the wealth or fortune of others.”
—François, Duc De La Rochefoucauld (1613–1680)