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Aug 12, 2023 · D.C.-based nonprofit OpenSecrets.org estimated Feinstein's net worth at $87,938,540 in 2018 and provided figures showing the top industries the senator had invested in that year. That would have ...
Jul 24, 2014 · The median American citizen [4] saw his or her household net worth decrease from 2004 to 2012 by an annual rate of -0.94 percent, while members of Congress experienced a median annual increase of 1.55 percent. Congress saw a total increase of $316.5 million in assets held by all members in the study.
Feinstein was then married to investment banker Richard C. Blum from 1980 until his death from cancer in 2022. In 2003, Feinstein was ranked the fifth-wealthiest senator, with an estimated net worth of $26 million. Her net worth increased to between $43 and $99 million by 2005.
- Overview
- Where did Feinstein's wealth come from?
- How did Feinstein's wealth change over time?
Senator Dianne Feinstein, who has died at age 90, notched plenty of records during her lifetime, becoming the longest-serving woman in the Senate as well as the longest-serving senator from California. She was also one of the richest U.S. lawmakers, with a net worth as high as $69.4 million this year, according to financial disclosure records.
Feinstein's most recent financial disclosure form, filed in May, shows that her wealth included millions held in a blind trust — a standard financial arrangement for members of Congress — U.S. Treasury bills and other low-risk instruments, and money stashed in several large bank accounts. She also owned a condominium in Hawaii worth as much as $5 million, according to the document.
While Feinstein broke ground by joining the Senate in 1992, when there were few women lawmakers in Congress, she more recently came to represent another demographic shift among U.S. political leaders, who have become both older and richer. As recently as 2018, Feinstein ranked as the second-richest senator, following Senator Mark Warner, a Democrat from Virginia, according to OpenSecrets.org.
In 2018, Feinstein's net worth was nearly $88 million, according to OpenSecrets.org, which noted at the time that her most valuable asset was a $37.5 million stake in San Francisco's Carlton Hotel Properties. Her most recent financial disclosure form values the Carlton Hotel stake as worth less than $1,000, due to the sale of the property in 2020.
Feinstein grew up in the prosperous Presidio Terrace neighborhood of San Francisco, the eldest of three daughters born to Dr. Leon Goldman, a surgeon, and Betty Goldman, according to the Jewish Women's Archive. After graduating from Stanford University, Feinstein became involved in politics and married Jack Berman, a judge, although the marriage ended three years later due to their differing views of women's roles, the archive noted.
Later she married neurosurgeon Bertram Feinstein, with that marriage lasting until her husband's death in 1978.
Meanwhile, Feinstein was pursuing her career in politics and was elected mayor of San Francisco in 1979. Her pension from the city of San Francisco is valued at $500,000 to $1 million, according to her financial disclosure form.
In 1980, Feinstein married Richard C. Blum, a financier who ran Blum Capital Partners and who amassed a fortune that was estimated to exceed $1 billion, according to the New York Times.
Feinstein's most recent financial disclosure hints at a change in Feinstein's assets compared with the years prior to Blum's death. Based on her 2023 form, Feinstein's net worth could have been as low as $19.4 million based on the low end of the valuation range for her assets.
For instance, her 2020 financial disclosure form includes additional assets held by Blum, such as stock and other investments, as well as the Carlton Hotel Properties, which had a valuation ranging from $25 million to $50 million, that aren't included in her 2023 disclosures.
In her most recent disclosure form, she noted the hotel held by Carlton Hotel Properties was sold in 2020, and the partnership distributed any remaining cash in 2022.
More recently, Feinstein reportedly became embroiled in a financial dispute with Blum's three daughters, according to the New York Times. That centered on disputes over real estate that Feinstein wished to sell but that the daughters wanted to keep, as well as access to life insurance from Blum that Feinstein wanted to access, according to the report.
- Associate Managing Editor, Moneywatch
- 30 min
- CBS News
Dec 31, 2019 · But the typical member of Congress has an even higher net worth. ... before being charged in a mass fraud case. ... Sen. Dianne Feinstein (D-CA) speaks with reporters as she arrives for the Senate ...
- Natasha Bach
Feinstein’s husband, investment banker Richard Blum, also had 62 assets worth at least $21 million, which made him one of the richest spouses of any member of Congress from. Feinstein’s only ...
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Apr 13, 2023 · Dianne Feinstein's net worth is impressive after decades of Congressional service. ... Several fellow Democrats are calling for her to resign before her term ends in 2024, due to health concerns ...
