Trust fund pays Kennedy over $1m; Kerry makes less

From: The Boston Globe (Boston, MA) | Date: May 17, 1994| Author: | Copyright information

WASHINGTON -- Sen. Edward M. Kennedy continues to make more than $1 million a year from a trust fund set up by his father, while Sen. John F. Kerry remains in a more modest economic bracket, according to personal financial reports they filed yesterday in the US Senate.

In addition to the income Kennedy derives from the trust his father, Joseph P. Kennedy Jr., created when he was 4 years old, Massachusetts' senior senator listed two blind trusts in his name, each of whose value exceeds $1 million.

By contrast, Kerry reported owning two blind trusts, each valued at between $15,000 and ...

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