When Senator Dianne Feinstein died on September 28, 2023, an era in American politics came to an end. She broke many records as the longest-serving female senator from California.
She was well-known not only for her political abilities but also for her impressive wealth. As of the end of 2018, sources projected her fortune to be a staggering $87,938,540. It’s only logical to wonder how and where she made her money, given her profile.
Dianne Feinstein’s Net Worth At Death
After her passing, Dianne Feinstein’s net worth was examined. Democratic Party member Dianne Feinstein was mayor of San Francisco from 1978 to 1988 and then was elected to the Senate in 1992. She held the record for the longest tenure of any female US senator.
She and her husband, Richard Blum, had amassed a sizeable fortune over the years. Blum passed away in 2022 after serving as chairman of the University of California Board of Regents and as a member of Mr. Obama’s Global Development Council.
As of the end day of September 2023, Dianne Feinstein’s net worth is around $110 million. She owned almost $50 million worth of stock in Carlton Hotel Properties, the owner of multiple hotels, including the renowned Hotel Carlton in San Francisco.
The sum total of Dianne Feinstein’s First Republic Bank savings and checking accounts was between $5 million and $25 million. She had a varied stock portfolio and personal real estate assets, most of which she sold following the death of her husband, which accounted for the majority of her fortune.
The pair had a manse in San Francisco measuring 9,500 square feet, a ranch in Aspe measuring 36 acres, a mansion in Lake Tahoe measuring 7 bedrooms, a mansion in Washington, D.C. with 7.5 bedrooms, and an estate on the Hawaiian island of Kauai measuring 7.5 acres.
She parted with the Aspen property in March 2023 for $25 million and the Lake Tahoe mansion in 2021 for $33 million. The hospitalization of the Democrat in February due to shingles brought her health into the public eye and the attention of the Senate.
Her office disclosed various problems she had endured during her recovery upon her return to Capitol Hill three months later. Falling in August while dealing with Ramsay Hunt syndrome, encephalitis, and other health issues, Senator Dianne Feinstein was hospitalized for several days.
Feinstein has already spent a third of her life in the Senate. Her chief of staff, James Sauls, released a statement saying,
“There are few women who can be called senator, chairman, mayor, wife, mom and grandmother. Senator Feinstein was a force of nature who made an incredible impact on our country and her home state.”
The interim senator will be chosen by Democratic Governor Gavin Newsom, who told NBC that it wouldn’t be any of the contenders running for the seat in the upcoming election.
If Dianne Feinstein were to resign in 2024, Newsom had previously stated that he would fill the seat with a woman of African descent. Democratic control of the legislature is expected to continue under Governor Gavin Newsom through early January 2025.
If you click on the link below, you may learn about other topics that are similar to this one:
- Bon Affair Wine Net Worth: What Happened To It After Shark Tank?
- Tristan Thompson Net Worth, Basketball Legacy: Championships, Accolades, and Beyond!!
What Is The Source Of Feinstein’s Wealth?
Feinstein was born to surgeon Dr. Leon Goldman and his wife Betty in San Francisco’s affluent Presidio Terrace neighborhood. Feinstein got into politics and married Judge Jack Berman after she graduated from Stanford.
The library notes that the couple divorced three years into their marriage due to their divergent views on the proper place of women in society. Later, she tied the knot with physician Bertram Feinstein, a union that lasted until his untimely passing in 1978.
In the meantime, Feinstein continued her political career and in 1979, was elected mayor of San Francisco. According to her financial exposure form, she receives between $500,000 and $1,000,000 annually from her San Francisco city pension.
Feinstein wed Richard C. Blum, founder and managing partner of Blum Capital Partners, who had built a wealth of more than a billion dollars by 1980. Some of the assets indicated on Feinstein’s form were really owned jointly with Blum, who passed away in 2022.
What Was Feinstein’s Net Worth Before And After?
According to Feinstein’s most recent financial statement, her assets had changed from the time before Blum passed away. Feinstein’s net worth may have been as low as $19.4 million, according to her 2023 form, based on the low end of the asset value range.
For instance, Blum’s 2020 financial exposure form lists additional support she owns that aren’t revealed in her 2023 declarations, such as shares and other investments, as well as the Carlton Hotel Properties, which were valued between $25 million and $50 million.
She indicated that the hotel owned by Carlton Hotel Properties was sold in 2020 and that the partnership disbursed any remaining funds in 2022 in her most recent disclosure form.
Feinstein apparently got into a financial spat with Blum’s three daughters more recently. Conflicts over real estate that Feinstein wanted to sell but the daughters wanted to maintain, as well as access to Blum’s life insurance that Feinstein wanted to obtain, were at the center of this.
