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#4 The Remarkable Life and Turbulent Times of Joseph P. Kennedy

Founders

CHAPTER

Joseph P. Kennedy - A Memoir of a Rich Man

In 1926, Joseph P. Kennedy's capital account held $373,000 and his real estate holdings were limited to his modest house. Less than three years later, on October 31st, 1929, after the stock market crash, his capital account held more than $1.7 million. And he had bought two new houses for the family. In 1957, Fortune Magazine published its list of the richest Americans. Number one was Jay Paul Getty with an estimated fortune between 700 million and 1 billion. Next came several individuals worth between 400 million and 700 million. Kennedy was eighth with a net worth between 200 million to 400 million dollars. He says he does his best work floating around in his Florida pool

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