John F. Kennedy, also known as JFK, was the 35th President of the United States, serving from 1961 to 1963. He was the youngest person ever to be elected President, and his assassination in 1963 remains one of the most shocking and tragic events in American history.
Born in Brookline, Massachusetts, in 1917, JFK was the second of nine children in a politically active family. He received a classical education at Choate School and later attended Harvard University, where he excelled academically and was a member of the varsity swim team.
After completing his studies at Harvard, JFK enlisted in the Navy and served as a PT boat commander during World War II. He was decorated for bravery after his boat was sunk by the Japanese and he rescued several of his crewmates.
After the war, JFK returned to Massachusetts and entered politics. He was elected to the U.S. House of Representatives in 1946 and later served as a U.S. Senator. In 1960, he was elected President in one of the closest elections in American history.
As President, JFK is perhaps best known for addressing civil rights issues and improving relations with the Soviet Union. He signed the Civil Rights Act of 1964, which banned discrimination based on race, color, religion, sex, or national origin, and he also established the Peace Corps. This volunteer program sends Americans abroad to work on development projects.
In foreign policy, JFK faced several challenges, including the Cuban Missile Crisis, in which the United States and the Soviet Union came close to nuclear war. Despite these challenges, JFK’s presidency is often remembered as a time of optimism and progress.
Tragically, JFK’s presidency was cut short when he was assassinated in Dallas, Texas, in 1963. His death shocked the nation and left a lasting impact on American politics. Despite his brief time in office, JFK remains one of the most iconic and beloved figures in American history
John F Kennedy was known as one of the wealthiest presidents in history. This fortune was all created by his father. Joseph Kennedy Sr., starting from a solidly middle-class family in Boston, created a fortune that gave his children and grandchildren the freedom to pursue public service. Kennedy’s business ventures included banking, stock trading, producing movies, and selling liquor. He thought to get out of the stock market before the crash of 1929 — after the major devaluation of everyone else’s portfolios, his family was only more wealthy during the Great Depression, in 1930. What to learn here is, Wealth will set you free. and I am not lying. when you don’t need to think about money, you think about other things better. How much that will be? John F Kennedy was one of the best presidents in US history. His wealth was one reason.
Joe Kennedy’s money may have had unsavory sources as well. He is rumored to have imported liquor during Prohibition, working with mobsters in that industry (he later sold his legitimate liquor importing business to a known mobster named Abner “Longy” Zwillman). Joe Kennedy never publicly revealed his wealth, but the New York Times estimated his net worth at $500,000,000 when he died in 1969. Ethics is an important subject for me, But as my economics teacher told me, it’s a normative science. there is no good no bad. I am not supporting this but diversification is one thing you can learn from him. just like we learn from George Washington.
The Kennedy real estate holdings became legendary: family compounds at Hyannis Port on Cape Cod, and in Palm Beach, Florida, as well as homes outside New York City. Joe Kennedy held majority ownership in the Hialeah Race Track in Miami. In 1945 Kennedy formed a trust to buy the Merchandise Mart, an enormous sales center in Chicago built by Marshall Field, which was the world’s largest building at the time. In 1998, Merchandise Mart and other properties were sold for $625 million — a 50-year return on the profit of nearly 2,000%. The Merchandise Mart was the last business the Kennedy family owned; its assets are now primarily in the form of securities. In 1990, before the stock boom of that decade, Forbes estimated the family’s wealth at $850 million.
Lessons here, Real estate is worth one worthy addition to your portfolio. No need to buy a home or anything. REIT or InvIt may do it for you. Or sometimes some big-size mutual funds may invest in or rent shops or a commercial complex. I don’t know about the US but in India it’s difficult. Sometimes seven MBOs can make it for the common investor.
So it was all open. Unlike their father, none of Joe Kennedy’s sons went into business. Instead, they pursued his dream: elected office. As a young man, John F. Kennedy never seemed to carry any money with him; friends knew to pay the tab and send the check to Joe’s office to be reimbursed. As one of the wealthiest presidents of the United States, Kennedy donated his salary — $100,000 a year — to charity.
