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:
“He that fails in his endeavours after wealth or power will not long retain either honesty or courage.”
—Samuel Johnson (1709–1784)
“The nature of women’s oppression is unique: women are oppressed as women, regardless of class or race; some women have access to significant wealth, but that wealth does not signify power; women are to be found everywhere, but own or control no appreciable territory; women live with those who oppress them, sleep with them, have their children—we are tangled, hopelessly it seems, in the gut of the machinery and way of life which is ruinous to us.”
—Andrea Dworkin (b. 1946)
“It is better to pay court to a queen ... than to worship, as we too often do, some unworthy person whose wealth is his sole passport into society. I believe that a habit of respect is good for the human race.”
—M. E. W. Sherwood (1826–1903)