Rose Kennedy Net Worth

Wealth Details: A widely believed legend is that Joe Kennedy made his fortune bootlegging. There is very little evidence that this is actually true. He did have large investments in the legal liquor importing and distribution business after prohibition was lifted. In fact, he was a highly successful financier who made millions before the stock market crash of 1929. Joe reportedly liquidated his entire portfolio in the years leading up to the 1929 crash after learning that his shoe shiner was speculating on stocks. In the aftermath of the crash, Joe made enormous profits thanks to short positions held before the crash. He also bought real estate and new stocks at rock bottom prices. By 1957, Fortune Magazine estimated that Joe was worth $200 – $400 million which made him one of the 15 richest people in the country. In 1929, his net worth was estimated at $4 million (roughly $60 million today). Within six years his net worth was believed to be around $180 million (roughly $3 billion today).