Congress and Deep Pockets: Jay Rockefeller

When you hear the last name Rockefeller in your talking about somebody who is wealthy then it is most likely that you’re talking about one of the members on the Rockefeller family. The senator was Virginia, Jay Rockefeller is estimated to have a minimum net worth of over $81 million and while his minimum net worth remains stable he experienced a very low increase of 0.2% from last year. He maintains his wild in three different blind trusts which combined have a minimum total value of $80 million. The largest trust is an account with J.P. Morgan Chase Bank in New York which is valued at $50 million the second one which is valued at $25 million. Each of these accounts generated $1 million-$5 million in income in 2010. In 2010 he reduced his liabilities by dropping the $50,000 loan that was owned by his spouse tool J.P. Morgan and now he is left with the 1998 demand loan from the United Nations Bank that is believed to be somewhere between $5-$25 million. He did inherit a lot of money but that does not mean he was not smart enough to increase the net worth with hard work.