Source: ABC News
January 22, 2025, 6:31 PM
From a multimillion-dollar law firm payout to six-figure endorsements and book deals, President Donald Trump's nominee for health and human services secretary, Robert F. Kennedy Jr., raked in at least $12 million in total income in the past two years, new personal financial disclosure forms show.
Kennedy boasted a vast amount of wealth across various investment funds, bank accounts and real estate properties totaling between $8.6 million to $33.4 million. However, he also reported a staggering amount of liabilities -- between $3.4 million and $12.7 million -- which could put him in the red on paper.
Kennedy's liabilities include up to $1.2 million in credit card debt to American Express at a 23% revolving interest rate and three 30-year mortgages worth up to $10.5 million, according to the filing. The exact values of his total assets and liabilities are unclear because federal financial disclosures are reported in ranges.
A major chunk of Kennedy's income since 2023 was his nearly $9 million payout from his law firm Kennedy & Madonna LLP, which is now called Madonna & Madonna LLP after Kennedy resigned last week.
Read more: https://abcnews.go.com/Politics/rfk-jr-reports-12m-credit-card-debt-30m/story?id=117995699