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:
“O, the fierce wretchedness that glory brings us!
Who would not wish to be from wealth exempt,
Since riches point to misery and contempt?”
—William Shakespeare (1564–1616)
“Experience has shown that the trade of the East is the key to national wealth and influence.”
—Chester A. Arthur (1829–1886)
“Excellence encourages one about life generally; it shows the spiritual wealth of the world.”
—George Eliot [Mary Ann (or Marian)