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BumRushDaShow

(146,207 posts) Thu Jan 23, 2025, 04:52 AM Thursday

RFK Jr. reports up to $1.2M in credit card debt, $30M net worth

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

18 replies

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Highlight:

RFK Jr. reports up to $1.2M in credit card debt, $30M net worth (Original Post) BumRushDaShow Thursday OP

What a goofball BeyondGeography Thursday #1

While HHS (your post) halts all communications until Feb. 1 underpants Thursday #2

How does someone with a $30 million network have that much... SKKY Thursday #3

he's probably land rich. Javaman Thursday #6

Said he was spending lots of money womanofthehills Thursday #15

Maybe he's using it to get frequent flyer miles... nt Shipwack Thursday #9

I have a theory! He's fucking stupid William Seger Thursday #10

It's very convinient and even profitable to put all expenses on a CC jgmiller Thursday #11

With that kind of debt, he would be easy to bribe. Irish_Dem Thursday #4

He's already been bribed. That's why he took a position in the Trump administration. Ray Bruns Thursday #7

Exactly. All of the people he is appointing are easy to bribe or blackmail. Irish_Dem Thursday #8

Hungry brain worm. C_U_L8R Thursday #5

We need a sequel to Very Hungry Caterpillar Tanuki Thursday #14

Sounds like the kinda money manager NOBODY needs for running a gov't agency. mpcamb Thursday #12

Dude's paying $23,000 a month in credit card interest? LudwigPastorius Thursday #13

That's insane iemanja Thursday #16

File bankruptcy like Trump does. Emile Thursday #17

boy if we did that , wed be in hawk up to our nexks. hem AllaN01Bear Thursday #18

BeyondGeography

(40,135 posts)

1. What a goofball

Reply to BumRushDaShow (Original post)

Thu Jan 23, 2025, 05:54 AM

Thursday

Just another rich reprobate living windfall-to-windfall. Something or someone has always been there (and will always be there) to clean up his shit, so no need to sweat seven-figure cc debt compounding at 23 percent.

underpants

(188,057 posts)

2. While HHS (your post) halts all communications until Feb. 1

Reply to BumRushDaShow (Original post)

Thu Jan 23, 2025, 06:45 AM

Thursday

https://www.democraticunderground.com/10143379112

Everything must go through a “ political appointee” until then.

23% sounds like a pretty pedestrian interest rate for a supposedly rich guy. This reminds me I need to look into rolling my cards over to new rates I’m receiving from banks and credit unions I already do business with.

SKKY

(12,350 posts)

3. How does someone with a $30 million network have that much...

Reply to BumRushDaShow (Original post)

Thu Jan 23, 2025, 06:46 AM

Thursday

...credit card debt?

Javaman

(63,275 posts)

6. he's probably land rich.

Reply to SKKY (Reply #3)

Thu Jan 23, 2025, 07:51 AM

Thursday

he doesn't have two actual dimes to rub together.

womanofthehills

(9,441 posts)

15. Said he was spending lots of money

Reply to Javaman (Reply #6)

Thu Jan 23, 2025, 01:24 PM

Thursday

For personal security. Sure he spent money as a Pres candidate and now prospective cabinet member.

Shipwack

(2,393 posts)

9. Maybe he's using it to get frequent flyer miles... nt

Reply to SKKY (Reply #3)

Thu Jan 23, 2025, 10:56 AM

Thursday

William Seger

(11,230 posts)

10. I have a theory! He's fucking stupid

Reply to SKKY (Reply #3)

Thu Jan 23, 2025, 11:35 AM

Thursday

... a fact that was already known by his anti-science. Anti-science is pro-stupid.

jgmiller

(472 posts)

11. It's very convinient and even profitable to put all expenses on a CC

Reply to SKKY (Reply #3)

Thu Jan 23, 2025, 11:59 AM

Thursday

when you have a lot of money. However the key is to pay it off every month. Amex in particular has a lot of great deals when you have a black card but again you have to pay it off. If he is revolving this then he's even dumber than I thought.