fbpx

how did richard blumenthal make his money

how did richard blumenthal make his money

Senator Tammy Baldwin Helps Reintroduce Legislation to Create State Public Health Care Option", "Democratic White House hopefuls push to expand health care in US territories", "U.S. [29] She is the daughter of real estate investor Peter L. Malkin. According to the Washington Free Beacon, Blumenthal and his wife Cynthia bought and sold shares of the stock trading app Robinhood while the Senator called for Congress to investigate the stock trading platform. Net Worth. During his stint as Attorney General, he built a reputation with high profile cases involving Microsoft, the tobacco lobby, Internet pornography, the environment, and more. He also helped lead a coalition of all 50 states that culminated in historic agreements with social networking sites to better protect children from internet predators. Most of her assets listed under Peter L. Malkin Family 9 LLC are worth over $1.0 million. This is roughly 100 Americans' active income as our median income trends around $31k per year. Richard Blumenthal Net Worth And Income Sources 2023 - Incomepedia Manchin rails against Biden's clean energy plans as he faces tough The senators also advocated insuring that "Lifeline reaches more Americans in need of access to communication services. Working with Connecticuts Congressional Delegation, he has secured billions of dollars of federal funding to improve rail safety, promoted climate resiliency, and protected Long Island Sound and Connecticuts rivers and streams. In October 2008, Bank of America initially agreed to settle the states' suits for $8.4 billion, and in February 2010, Countrywide mailed payments of $3,452.54 to 370 Connecticut residents. Republican Rep. Michael McCaul of Texas made his way to being the number two wealthiest member of Congress through his wife, Linda McCaul, who is the daughter of radio and communications giant Lowry Mays. He supports federal funding for family planning clinics. Senator Richard Blumenthal's Net Worth: Behind the Wealth of One of the Does Gary Mendez Die on A Million Little Things? Brian Schatz, a bill cosponsor, said the legislation would "unlock each state's Medicaid program to anyone who wants it, giving people a high-quality, low-cost public health insurance option", and that its goal was "to make sure that every single American has comprehensive health care coverage. Blumenthal Apologizes for Inaccurate Claims About Vietnam Service The bill was offered as an amendment to the National Defense Authorization Act for 2019 and was in direct contrast to the Trump administration's announced intent to ease sanctions on ZTE. Much of Blumenthals beef with President Trump is decades old and stems from the Malkins and Trump being rivals in the real estate business. Trump went on to embellish his attack on. He won in the general election on November 8, 2022.. Before his election to the Senate, Blumenthal had served . Kylie Jenner - who when the series started was just nine-years-old - is now 21 and a billionaire. [25] He later apologized to voters for remarks about his military service which he said had not been "clear or precise".[26]. [99], Blumenthal has been a vocal advocate of the scientific consensus on climate change, that human activity is responsible for rising global temperatures and that prompt action to reduce greenhouse gas emissions must be taken. Manchin is "in danger" politically, his Democratic colleague Sen. Richard Blumenthal of Connecticut told CNN. [158], In August 2018, Blumenthal and 16 other lawmakers urged the Trump administration to impose sanctions under the Global Magnitsky Act against Chinese officials who are responsible for human rights abuses against the Uyghur Muslim minority in the Xinjiang region. Sens. Richard Blumenthal (Democratic Party) is a member of the U.S. Senate from Connecticut. [70], In November 2006, Blumenthal tried, as Paul A. Offit described it, "to legislate a disease, Chronic Lyme, into existence". [104] On February 2, 2009, Blumenthal announced he would forgo a gubernatorial run and seek reelection that year as attorney general. Her father is real estate mogul Peter Malkin. Attorney General Applauds EPA Finding That Greenhouse Gas Pollution Threatens Human Health, Environment. Fact check: Trump says Blumenthal lied (he did) and bragged (he didn't) 5. [122] In the general election, he defeated Leora Levy, who defeated former Connecticut House Minority Leader Themis Klarides in the Republican primary. United States Fidelity & Guaranty, the insurer behind the performance bond for the I-84 construction, agreed to pay $17.5 million to settle the claims. [208] They have four children. In 1984, when he was 38, Blumenthal was elected to the Connecticut House of Representatives, representing the 145th district. In December 2007, Blumenthal filed suit against RJ Reynolds, alleging that a 2007 Camel advertising spread in Rolling Stone magazine used cartoons in violation of the master tobacco settlement, which prohibited the use of cartoons in cigarette advertising because they entice children and teenagers to smoke. Trump dubbed Blumenthal "Da Nang Richard," a reference to a battleground in the Vietnam War. Blumenthal on stock trades report: 'Ridiculous. I own no individual stock' "[185], In April 2019, Blumenthal was one of 41 senators to sign a bipartisan letter to the housing subcommittee praising the Department of Housing and Urban Development's Section 4 Capacity Building program as authorizing "HUD to partner with national nonprofit community development organizations to provide education, training, and financial support to local community development corporations (CDCs) across the country" and expressing disappointment that Trump's budget "has slated this program for elimination after decades of successful economic and community development." His aggressive law enforcement for consumer protection, environmental stewardship, labor rights, and personal privacy helped to reshape the role of state attorneys general nationwide, and resulted in the recovery of hundreds of millions of dollars for Connecticut taxpayers and consumers each year. But Blumenthal remarked that after the settlement, the ads continued to flourish using code words. On March 18, 2007, Hartford Courant columnist Kevin Rennie reported that Blumenthal had become seriously interested in running for governor in 2010. RECOGNIZING THE IMPORTANCE OF LOCAL NEWS. "[112] There were also other occasions where he accurately described his military service. [39] The suit, which centered on Microsoft's Windows 98 operating system and its contractual restrictions imposed on personal computer manufacturers to tie the operating system to its Internet Explorer browser, was eventually merged with a federal case brought by the United States Department of Justice (DOJ) under Attorney General Janet Reno. Blumenthal and Wife Have Six-Figure Investment in Chinese Government [207][7] They were engaged during her senior year at Harvard and married the following year. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. Warner has also been a venture capitalist. Blumenthal (Democratic Party, Working Families Party) ran for re-election to the U.S. Senate to represent Connecticut. [35] The petition was filed in accordance with Section 126 of the Clean Air Act, which allows a state to request pollution reductions from out-of-state sources that contribute significantly to its air quality problems. Senator Tammy Baldwin Requests Data from Trump Administration on Consequences of Texas V. United States Prevailing", "U.S. [94] Blumenthal called the decision a victory against sexual exploitation of women and children, and against human trafficking connected to prostitution. Blumenthals wife files her federal tax returns separately. According to Blumenthal, the case was pursued because "the future of the Big East Conference was at riskthe stakes huge for both state taxpayers and the university's good name. "[62], Blumenthal played a pivotal role in the expansion of the Atlantic Coast Conference and the departures of Boston College, Miami, and Virginia Tech from the Big East. [82] He also urged MySpace to take further steps to safeguard children, including purging deep links to pornography and inappropriate material, tougher age verification, and banning users under 16. Blumenthal served one term in the Connecticut House of Representatives from 1985 to 1987; in 1986 he was elected to the Connecticut Senate and began service in 1987. "[203] After the Justice Department publicly released the redacted version of the report the following month, Blumenthal said, "What's demonstrated in powerful and compelling detail in this report is nothing less than a national scandal. While attorney general, Blumenthal was one of the leaders of a 46-state lawsuit against the tobacco industry, which alleged that the companies involved had deceived the public about the dangers of smoking. As the chief federal prosecutor of that state, he successfully prosecuted many major cases involving drug traffickers, organized crime, white collar criminals, civil rights violators, consumer fraud, and environmental pollution. [6] He was Attorney General of Connecticut from 1991 to 2011. Senator and Senate Banking Committee chair Christopher Dodd, who had been harshly criticized for accepting a VIP loan from Countrywide,[100] "there's no evidence of wrongdoing on [Mr. Dodd's] part any more than victims who were misled or deceived by Countrywide." [15] At Yale, he was classmates with future President Bill Clinton and future Secretary of State Hillary Clinton. Under the agreement, the state of Connecticut retained the right to sue L.G. In 2003, Blumenthal and the attorneys general of eight other states (New York, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, Rhode Island, and Vermont) filed a federal lawsuit against the Bush administration for "endangering air quality by gutting a critical component of the federal Clean Air Act. Senator AbrahamA. Ribicoff's staff as an Administrative Assistant (now known as Chief of Staff). Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. In CT U.S. Senate race, Blumenthal runs on decades-long record Senator Tammy Baldwin and Representative John Garamendi Introduce Reform to Strengthen Buy America Requirements for Federal Government", "Sen. Susan Collins joins effort to honor fallen journalists", https://www.baldwin.senate.gov/imo/media/doc/9.8.14%20Bicameral%20Letter%20to%20HHS%20on%20MSM%20Policies.pdf, "US. In the Senate, Senator Blumenthal has built on his longtime advocacy for consumers by holding companies accountable for the safety of their products. Trump's Escalating Exaggerations on Blumenthal - FactCheck.org American lawyer and politician (born 1946), Richard Blumenthal on his support for the, Statewide elected officials and legislative leaders of, Internet pornography, prostitution, and sexual predators, Antitrust, competition and corporate regulation, U.S. District Court of the District of Connecticut, Raymond E. Baldwin Award for Public Service, United States Environmental Protection Agency, Journal of the American Medical Association, 2010 United States Senate election in Connecticut, 2016 United States Senate election in Connecticut, 2022 United States Senate election in Connecticut, 2021 storming of the United States Capitol, Twenty-fifth Amendment to the United States Constitution, Subcommittee on Readiness and Management Support, Committee on Commerce, Science, and Transportation, Subcommittee on Consumer Protection, Product Safety, and Data Security, Affordable College Textbook Act (S. 1864; 115th Congress), United States Department of Housing and Urban Development, National Defense Authorization Act for 2019, United States Secretary of Health and Human Services, Department of Housing and Urban Development, United States Secretary of Homeland Security, National Telecommunications and Information Administration, 2023 NCAA Division I men's basketball tournament, Connecticut US Senator (Class III) General Election, 2010, Connecticut US Senator (Class III) General Election, 2016, Connecticut US Senator (Class III) General Election, 2022, List of Jewish members of the United States Congress, List of law clerks of the Supreme Court of the United States (Seat 2), "Our Campaigns - CT State Senate 27 - Special Election Race - Nov 03, 1987", "Our Campaigns - CT State House 145 - Special Election Race - Apr 10, 1984", "Our Campaigns - CT State House 145 Race - Nov 04, 1986", "Richard Blumenthal- Net Worth - Personal Finances", "Blumenthal at high end of Senate millionaires' club: Financial disclosure forms: Senator's estimated net worth soars from $73 million to $112 million", "The Public and Private Life of Dick Blumenthal", Jewish Virtual Library: Richard Blumenthal. [77] In 2008, Blumenthal ended the investigation after the IDSA agreed to conduct a review of the guidelines. [139], Blumenthal is one of Congress's most vocal critics of arbitration clauses and class action waivers. [citation needed]. "We have learned something very important since the days that I served in Vietnam," declared Blumenthal in 2008, "and you exemplify it, whatever we think about the war . [6] Baldino wrote that the misleading statement was too "petty" to be the basis for supporting or not supporting Blumenthal. [14], At age 31, Blumenthal was appointed United States Attorney for the District of Connecticut, serving from 1977 to 1981. Richard Blumenthal, (born February 13, 1946, Brooklyn, New York, U.S.), American politician who was elected as a Democrat to the U.S. Senate in 2010 and began representing Connecticut the following year. It is also sought civil fines of up to $100,000 per violation of state banking laws, and up to $5,000 per violation of state consumer protection laws.[98]. He assumed office on January 3, 2011. His challenger, Levy, has raised $2.3 million, spent $1.9 million,. "[197], In May 2019, Blumenthal was one of six senators to cosponsor the Healthy MOMMIES Act, legislation that would expand Medicaid coverage in an attempt to provide comprehensive prenatal, labor and postpartum care with an extension of the Medicaid pregnancy pathway from 60 days to a full year following birth to assure new mothers access to services unrelated to pregnancy. [157], In June 2018, Blumenthal cosponsored a bipartisan bill that would reinstate penalties on ZTE for export control violations in addition to barring American government agencies from either purchasing or leasing equipment or services from ZTE or Huawei. After law school, Blumenthal passed the bar and served as administrative assistant and law clerk for several Washington, D.C. figures. He is expected to make a full recovery. But it might have, and we can definitely prevent such mass shootings by adopting these kinds of commonsense measures. Getty Senator Richard Blumenthal of Connecticut, 73, is one of the wealthiest members of Congress. The committee did not change any of the earlier recommendations but did alter some of the language in an executive summary of the findings. The bulk of Obernolte's fortune stems from his ownership of FarSight Studios, a video-game company in Big Bear Lake, California, that he launched in 1988. The senators wrote that they hoped the subcommittee would support continued funding for Section 4 in Fiscal Year 2020. He initially worked in private law firms where he was made a partner. [citation needed], In a Connecticut Supreme Court decision, Blumenthal v. Barnes (2002), a unanimous court determined that the state attorney general could act using only the powers specifically authorized by the state legislature, and that since the attorney general's jurisdiction is defined by statute rather than common law, Blumenthal lacked the authority to cite common law as the basis for filing suit against Barnes. In the early 1980s he worked in private law practice, including as volunteer counsel for the NAACP Legal Defense Fund. [62] Kolb was initially awarded $18.3 million in damages, but Blumenthal appealed the decision and the damages initially awarded were reduced to $1.83 million. He called for Vice President Mike Pence to invoke the Twenty-fifth Amendment to the United States Constitution. DeFelice, went out of business and it was later revealed that hundreds of storm drains had been improperly installed. Bipartisan group of senators optimistic about push to allow cameras in Blumenthal was often considered a top prospect for the Democratic nominee for governor of Connecticut, but never ran for the office. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. AP. Senator Blumenthal is ranked as one of the wealthiest members of the Senate, with an estimated net worth of over $85million. Possibly because of election season, Blumenthals 2015 investments were much lower than in the past. The Top 10 Wealthiest Members of Congress And How They Made Their Fortunes He fought and sued the federal government for failing to follow or enforce environmental laws and energy statues, as well as imposing multimillion dollar unfunded mandates on local taxpayers under the No Child Left Behind Act. Rep. Chris Collins of New York, the first elected Republican to endorse Donald Trump's 2016 presidential bid, owns stake in various companies ranging from manufacturing to biotechnology. With a father who fled Nazi Germany at age 18, and a mother who left Nebraskas farmland to become a social worker, Richard Blumenthal was raised with a deep dedication to public service, a duty to give back by helping others, and a bedrock belief in hard work. (Photo by Alex Wong/Getty Images). [53][54][55][56] Despite this ruling, Blumenthal announced that he intended to pursue a separate 2000 lawsuit against the school's trustees filed on behalf of the State Department of Education. Advertisement He was drafted into the U.S. Marine Corps Reserve during the Vietnam War, however, he didn't participate actively in the war. He was sworn in on January 5, 2011. "[193], In July 2019, Blumenthal cosponsored the Fallen Journalists Memorial Act, a bill introduced by Ben Cardin and Rob Portman that would create a new memorial that would be privately funded and constructed on federal lands within Washington, D.C., in order to honor journalists, photographers, and broadcasters who died in the line of duty. Blumenthal was elected to the U.S. Senate in 2010 and again in 2016. On October 2, 2006, Blumenthal launched an investigation of a botched reconstruction project of Interstate 84 in Waterbury and Cheshire. How The 15 Richest Members Of Congress and Senate Made Their Money He paid $89,461 in taxes in 2015 and was refunded $31,475. [208] She is the daughter of Peter L. Malkin and maternal granddaughter of Lawrence Wien. In 1987, he won a special election to fill a vacancy in the 27th district of the Connecticut Senate, at age 41. [94], Blumenthal and other state attorneys general reached a settlement with Craigslist on the issue; the settlement called for the company to charge people via credit card for any ads that were suggestive in nature so the person could be tracked down if they were determined to be offering prostitution. This 5,698 square-foot home with 13 bedrooms is their only luxury, and it is valued at $2.4 million. From 2013 to 2020 UConn was a member of the less lucrative American Athletic Conference, the successor to the original Big East, before rejoining the Big East in 2020. DeFelice for additional funds. At age 17, Martin Blumenthal immigrated to the United States from Frankfurt, Germany; Jane was raised in Omaha, Nebraska, graduated from Radcliffe College, and became a social worker. Blumenthal Bought Robinhood Shares as He Called for Congress To [83][84][85] Blumenthal accused MySpace of having "monstrously inadequate counter-measures" to prevent sex offenders from creating MySpace profiles. The senators wrote that "FEMA's refusal to use the tools at its disposal, including DHAP, to help these survivors is puzzlingand profoundly troubling" and that hundreds of hurricane survivors were susceptible to being left homeless in the event that FEMA and HUD continued to not work together. Blumenthal served as administrative assistant to Senator Abraham A. Ribicoff, as aide to Daniel P. Moynihan when Moynihan was Assistant to President Richard Nixon, and as a law clerk to Judge Jon O. Newman, U.S. District Court of the District of Connecticut, and to Supreme Court Justice Harry A. Blackmun. Connecticut Attorney General's Office (May 10, 2002). There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. He held a press conference last Tuesday to . Collins was recently stripped of his committee assignments after being indicted for insider trading. The senators requested Juul list each of its advertising buys and detail the steps the company has taken to ensure its advertisements are not seen by people under 21 in addition to asking if Juul had purchased any social media influencers for product promotion.

Talksport Presenters Sacked 2020, River Murray Football League Grand Final Results, Stateful Applications Are Ideal For Horizontal Elasticity, Hunterdon Central Obituary, Dollar Tree Seat Cushions, Articles H

how did richard blumenthal make his money