how did richard blumenthal make his money


A member of the Democratic Party, he is one of the wealthiest members of the Senate, [5] with a net worth over $100 million. Warner has also been a venture capitalist. In 1997, Blumenthal and Governor John G. Rowland petitioned the United States Environmental Protection Agency (EPA) to address interstate air pollution problems created from Midwest and southeastern sources. Blumenthal has invested a big share of his wealth in real estate. [124], In March 2012, Blumenthal and New York Senator Chuck Schumer gained national attention after they called upon Attorney General Eric Holder and the Department of Justice to investigate practices by employers to require Facebook passwords for employee applicants and workers. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. [76] The Journal of the American Medical Association described the decision as an example of the "politicization of health policy" that went against the weight of scientific evidence and may have a chilling effect on future decisions by medical associations. [148], In April 2019, Blumenthal was one of 11 senators to sign a letter to Juul CEO Kevin Burns asserting that the company had "lost what little remaining credibility the company had when it claimed to care about the public health" and that they would not rest until Juul's "dangerous products are out of the hands of our nation's children." He led by at least 30% in each hypothetical race: against Rob Simmons (59%28%), against Linda McMahon (60%28%), and against Peter Schiff (63%23%), with a 4.3% margin of error cited. Before becoming attorney general, Blumenthal was a partner in the law firm of Cummings & Lockwood, and subsequently in the law firm of Silver, Golub & Sandak. [208] They have four children. [182], In June 2019, Blumenthal and 14 other senators introduced the Affordable Medications Act, legislation intended to promote transparency by mandating that pharmaceutical companies disclose the amount of money going to research and development, marketing and executives' salaries. [45] On June 3 Blumenthal referred the matter to the U.S. Securities and Exchange Commission (SEC) for further investigation[46] and on June 25 he testified before the U.S. House Committee on Ways and Means that "Longtime American corporations with operations in other countries can dodge tens of millions of dollars in federal taxes by the device of reincorporating in another country" by "simply [filing] incorporation papers in a country with friendly tax laws, open a post-office box and hold an annual meeting there" and that Stanley Works, along with "Cooper Industries, Seagate Technologies, Ingersoll-Rand and PricewaterhouseCoopers Consulting, to name but a few, have also become pseudo-foreign corporations for the sole purpose of saving tax dollars." He was sworn in on January 5, 2011. "[59] The opposition was due to a report authored by Synapse Energy Economics, Inc. Archived May 27, 2010, at the Wayback Machine, a Cambridge-based energy consulting firm, that alleged that consumers would be worse off under the merger. 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. [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. *Disclaimer: The estimated net worth numbers are based on our research done on the Internet and are for entertainment purposes only. by Erica E. Phillips and Lisa Hagen November 8, 2022 @ 8:34 pm. His estimated net worth has risen as high as $110 million over the past several years. [169][170] As of 2010, Blumenthal had a "F" rating from the National Rifle Association for his pro-gun-control voting record. It will increase the power and profits of transmission operators with an immediate $40million price tag for consumers. Richard Blumenthal Senator (D - CT) Armed Services Commerce, Science and Transportation Judiciary Veterans' Affairs First Election 2010 Next Election 2022 TOP INDUSTRY 2017 - 2022 Lawyers/Law Firms $1,271,463 TOP CONTRIBUTOR 2017 - 2022 American Israel Public Affairs Cmte $148,013 Campaign Committee Fundraising, 2017 - 2022 Blumenthal accused Saudi Arabia of undermining U.S. efforts and helping to boost 2022 Russian invasion of Ukraine. Those values carried him through his childhood and his education at Harvard College (Editorial Chairman The Harvard Crimson, Phi Beta Kappa, Magna Cum Laude), and Yale Law School, where he was Editor-in-Chief of the Yale Law Journal. "Boosting Blumenthal: Obama, Biden call Conn. AG", "Toplines - Election 2010: Connecticut Senate Election - January 6, 2010 - Rasmussen Reports", "Capitol Watch Blog - Connecticut Politics, Political News and Legislation", "Did Richard Blumenthal Lie About Serving in Vietnam? [209], Blumenthal's wealth exceeds $100 million, making him one of the richest members of the Senate. [13] Blumenthal was a summer intern reporter for The Washington Post in the London Bureau. He then attended Harvard College, from which he graduated in 1967 with an A.B. Her maternal grandfather was lawyer and philanthropist Lawrence Wien.[30]. 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. "[176], In 2018, Blumenthal was a cosponsor of the NICS Denial Notification Act,[177] legislation developed in the aftermath of the Stoneman Douglas High School shooting that would require federal authorities to inform states within a day after a person failing the National Instant Criminal Background Check System attempted to buy a firearm. New York Times: "Miss Malkin Plans Bridal", "Murder Trial Puts Death Penalty in Spotlight in Connecticut Campaigns", "Blumenthal Argues State's Challenge of Federal Approval of Mashantucket Pequots' Annexation Bid", "Pequot Tribe Withdraws Annexation Plan Opposed by Neighboring Towns", "Connecticut Municipalities Join Blumenthal, Eight Other States In Lawsuit Against Bush Administration For Gutting Clean Air Act", "AGS to sue Bush administration for gutting Clean Air Act", "Blumenthal: The 'A' in AG is for Activist", "Attorney General, Seven Other States, Sue Tobacco Maker For Illegal Cartoon Camel Ad In Rolling Stone", "Blumenthal Files Anti-Trust Lawsuit Against Microsoft", "Connecticut Attorney General Open to Settlement, Wants Tough Remedy", "Blumenthal, Six Other Attorneys General, Say Microsoft Maintains Monopolistic Power In Software Market", "Blumenthal, Eight Other States File Proposed Remedies In Microsoft Case". Statement of the Hon. His net worth is largely attributed to his wife, Cynthia Malkin, whose long line of family members are influential real estate developers and property managers. [77] In 2008, Blumenthal ended the investigation after the IDSA agreed to conduct a review of the guidelines. [162], In March 2017, Blumenthal co-sponsored the Israel Anti-Boycott Act (S.270), which made it a federal crime, punishable by a maximum sentence of 20 years imprisonment,[163] for Americans to encourage or participate in boycotts against Israel and Israeli settlements in the occupied Palestinian territories if protesting actions by the Israeli government. [195][196], In June 2019, Blumenthal was one of 18 senators to sign a letter to United States Secretary of State Mike Pompeo requesting an explanation of a State Department decision not to issue an official statement that year commemorating Pride Month or the annual cable outlining activities for embassies commemorating Pride Month. Blumenthal won the November 2 election, defeating McMahon 55% to 43%. From 1977 to 1981, he was United States Attorney for the District of Connecticut. [91] In August 2010, Blumenthal called on Craigslist to shut the section down permanently and take steps to eradicate prostitution ads from other parts of the site. Blumenthal was often considered a top prospect for the Democratic nominee for governor of Connecticut, but never ran for the office. From 1977 to 1981, Senator Blumenthal served as a U.S. Attorney forConnecticut, prosecuting drug trafficking, organized and white-collar crime, civil rights violations, consumer fraud, and environmental pollution. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. He continued, "we can at least save lives. News4Jax Anchor Mary Baer Is Leaving WJXT-TV, News4Jax Meteorologist John Gaughan Is Leaving WJXT-TV. [9][10][11] Jane's father, Fred "Fritz" Rosenstock, raised cattle, and as youths Blumenthal and his brother often visited their grandfather's farm. [71] He launched an antitrust investigation into the Infectious Diseases Society of America's (IDSA's) 2006 guidelines regarding the treatment of Lyme disease. In an opinion piece, he and Ro Khanna proposed to promptly pause the massive transfer of American warfare technology to Saudi Arabia and take a tougher stance against the kingdom. I remember the taunts, the insults, sometimes even physical abuse. [61] It was alleged that CPC overcharged $50 per computer, $500,000 in total, on a three-year, $17.2 million contract to supply computers to the state. Filmography. 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. [106] Later that day, President Barack Obama and Vice President Joe Biden called Blumenthal to express their best wishes.[107]. His holdings in Empire State Realty is around $5.0 million, and his account at State Street Bank has over $3.1 million. Advertisement He was drafted into the U.S. Marine Corps Reserve during the Vietnam War, however, he didn't participate actively in the war. [14], In 1982, he married Cynthia Allison Malkin. "[36] The suit alleged that changes in the act would have exempted thousands of industrial air pollution sources from the act's New Source Review provision and that the new rules and regulations would lead to an increase in air pollution. [19] In April 1970, Blumenthal enlisted in the United States Marine Corps Reserve which, as The New York Times noted, "virtually guaranteed that he would not be sent to Vietnam". Blumenthal: worst Attorney General in U.S. Connecticut Fights to Keep Stanley Works from Disappearing to Bermuda, Governor, Attorney General Urge Tighter Restrictions on Air Pollution, Attorney General Submits Comments To FERC Opposing Formation Of Regional Transmission Organization, Lawsuit Filed By Blumenthal, Nappier Brings Halt To Stanley Works' Reincorporation Plans, Attorney General Asks SEC To Investigate Stanley Works Vote, Blumenthal, New England AGs And Consumer Advocates Warn That Proposed RTO Will Raise Rates, Without Consumer Benefit, Connecticut and 11 Other States File Suit to Prevent Weakening of the Clean Air Act, Law School lauds Blumenthal with public service award, FERC's Transmission Pricing Policy: New England Cost Impacts, Statement of the Hon. Net Worth. [78] In 2010, an eight-member independent review panel unanimously agreed that the original 2006 guideline recommendations were "medically and scientifically justified" in the light of the evidence. "[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." Senator Tammy Baldwin Requests Data from Trump Administration on Consequences of Texas V. United States Prevailing", "U.S. He held a press conference last Tuesday to . 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. The younger Blumenthal enrolled at Harvard University (B.A., 1967), where he was chair of . "Attorney General Richard Blumenthal timeline", "Bill Clinton stumps for Richard Blumenthal in Conn. Senate race", "Interviews Robert Reich | The Clinton Years | FRONTLINE", "Senate Hopeful Richard Blumenthal Addresses Report He Lied About Vietnam Record", "Candidate's Words on Vietnam Service Differ From History", "Senator Blumenthal Honored at Yale Graduate School Diversity Conference", "Richard Blumenthal's Vietnam fight-back: Democratic candidate Richard Blumenthal is battling on over accusations he falsely claimed military service in Vietnam", "Richard Blumenthal Apologizes for Exaggerating Military Service". Collins was recently stripped of his committee assignments after being indicted for insider trading. Blumenthals political career began while serving as an administrative assistant to then-Senator Abraham Ribicoff. [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. Richard Blumenthal, Attorney General, Connecticut Attorney General's Office, Statement of the Hon. "Senator Richard Blumenthal must talk about his . "[200], In June 2019, Blumenthal was one of ten senators to cosponsor the Safe Freight Act, a bill that would mandate all freight trains have one or more certified conductors and one certified engineer on board who can collaborate on how to protect both the train and people living near the tracks. At 31 years old, he became the U.S. Attorney for the District of Connecticut. This report is far from the end of the inquiry that this country needs and deserves. [206], On June 27, 1982, Blumenthal married Cynthia Malkin. [122] In the general election, he defeated Leora Levy, who defeated former Connecticut House Minority Leader Themis Klarides in the Republican primary. [62] Kolb was arrested in 2004 and charged with first-degree larceny. [6] He was Attorney General of Connecticut from 1991 to 2011. RECOGNIZING THE IMPORTANCE OF LOCAL NEWS. [69] In 2009, the bonding company agreed to pay an additional $4.6 million settlement, bringing the total award to $22.1 million ($30,000 more than the repair costs). [48], Blumenthal was involved in a series of lawsuits against associates of Connecticut Governor Rowland and the various entities of the Tomasso Group over Tomasso's bribing of state officials, including Rowland, in exchange for the awarding of lucrative state contracts. "[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. 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. On October 10, 2002, he was awarded the Raymond E. Baldwin Award for Public Service by the Quinnipiac University School of Law. degree from Yale Law School, where he was editor-in-chief of the Yale Law Journal. [17], Blumenthal received five draft deferments during the Vietnam War,[18] first educational deferments, then deferments based on his occupation. [171], In January 2016, Blumenthal was one of 18 senators to sign a letter to Thad Cochran and Barbara Mikulski requesting that the Labor, Health and Education subcommittee hold a hearing on whether to allow the Centers for Disease Control and Prevention (CDC) to fund a study of gun violence and "the annual appropriations rider that some have interpreted as preventing it" with taxpayer dollars. Senator Blumenthal authored theClay Hunt Suicide Prevention for American Veterans Act, a bipartisan law to improve mental health care and suicide prevention resources. [citation needed]. Reid Sinnett Net Worth 2021: How Rich Is the Miami Dolphins Third-String QB. [20][19] He served in units stationed in Washington, D.C. and Connecticut from 1970 to 1976,[21][22] attaining the rank of sergeant. Malkin is the daughter of real estate mogul. [87] He worked with Craigslist and a group of 40 attorneys general to create new measures on the site designed to thwart ads for prostitution and other illegal sexual activities. "[187], In April 2019, Blumenthal was one of six Democratic senators to sign a letter to Acting Defense Secretary Patrick M. Shanahan expressing concern over memos by Marine Corps General Robert Neller in which Neller critiqued deployments to the southern border and funding transfers under Trump's national emergency declaration as having posed an "unacceptable risk to Marine Corps combat readiness and solvency" and noted that other military officials had recently stated that troop deployment did not affect readiness. Senator Tammy Baldwin to FDA: Hold AveXis Accountable for Falsifying Data", "Wyden, Merkley urge more affordable housing funds", "Senate Dems demand immediate reunification of remaining separated children", "Warren, Gillibrand ask Defense whether border deployments hurt troop readiness", "Bob Menendez, Cory Booker and others introduce bill to protect home loans for DACA holders", "Schatz Urges Investigation of Contractors In Charge of Migrant Children", "Senate Democrats to Trump: don't deport military families", "Bill would block immigration raids at schools, courthouses", "U.S. In August 2010, Dodd was cleared by the Senate Ethics Committee, which found "no credible evidence" that he knowingly tried to use his status as a U.S. senator to receive loan terms not available to the public. Baldino wrote that the misleading statement was too "petty" to be the basis for supporting or not supporting Blumenthal. HARTFORD, Conn. (AP) Connecticut U.S. Sen. Richard Blumenthal has $7.5 million in campaign cash and enviable name recognition after decades in public office, but Republicans in this Democratic-leaning state still see an opportunity to win a U.S. Senate seat after a roughly 30-year drought. In 2010, Senator Blumenthal was elected to represent Connecticut in the United States Senate. Besides properties in Manhattan, Malkin also owns a real estate company in Sao Paulo, Brazil. Access your favorite topics in a personalized feed while you're on the go. His real estate investments in 2014 totaled roughly $32.3 million with over $14.8 million invested in securities. A February poll by Rasmussen found that Blumenthal held leads of 19 against Simmons and 20 against McMahon, and that Republicans had made up little ground since the initial Rasmussen poll after Blumenthal announced. Richard and Cynthia have welcomed four children and currently reside in Greenwich, Connecticut, . 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. He supports federal funding for family planning clinics. But now the evacuees fear its days are numbered", "Kalo's opioid overdose drug went from $690 to $4,500and senators want answers", "Baldwin, Democratic Senators Call TrumpCare Disastrous for Battle Against Opioid Crisis", "Senate opens investigation into Juul's marketing practices to minors", "Warren, Klobuchar call on FTC to curtail use of non-compete clauses", "Text - S.3398 - 116th Congress (2019-2020): EARN IT Act of 2020", "What They Are Saying: Advocacy Groups & Survivors Voice Support for the EARN IT Act", "Oregon senators call on Trump to honor climate agreement", "More than 30 Senate Dems ask Trump to reconsider Central American aid cuts", "Blumenthal Warns U.S. Is On Path To A Trade War With China", "U.S. lawmakers scramble for way to block Trump deal with China's ZTE", "Chairs Lead Bipartisan Letter Urging Administration to Sanction Chinese Officials Complicit in Xinjiang Abuses", "China rejects US lawmakers' sanctions call over Muslim camps", "US Bill reintroduced to deter China in South China, East China seas", "Lawmakers introduce bill to block U.S. companies from doing business with Huawei", "43 Senators Want to Make It a Federal Crime to Boycott Israeli Settlements", "Cosponsors - S.720 - 115th Congress (2017-2018): Israel Anti-Boycott Act", "Senate Dems petition Saudi king to release dissidents, US citizen", "Democratic senator threatens to freeze weapons sales to Saudi Arabia over support of Russia", "The Best Way to Respond to Saudi Arabia's Embrace of Putin", "U.S. Under the agreement, the state of Connecticut retained the right to sue L.G. [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. Were breaking down the financials that make up Sen. Richard Blumenthals net worth right here. Their son Matt Blumenthal was elected to the Connecticut House of Representatives from the 147th district in 2018. [117], In August 2015, economist Larry Kudlow threatened to run against Blumenthal if Blumenthal voted in favor of the Iran Nuclear Deal. Blumenthal was elected to the U.S. Senate in 2010 and again in 2016. At that time, his net worth was estimated over $81.0 million. Senator Tammy Baldwin Helps Introduce Comprehensive Reform to Address Skyrocketing Prescription Drug Prices", "U.S. He was honorably discharged with the rank of Sergeant in 1976. In 2009, MySpace revealed that over a two-year span it had roughly 90,000 members who were registered sex offenders (nearly double what MySpace officials had originally estimated one year earlier). He studied for a year at Trinity College, Cambridge, in England before attending Yale Law School, where he was editor-in-chief of the Yale Law Journal. Connecticut Attorney General's Office (October 27, 2003). [86], In March 2008, Blumenthal issued a letter to Craigslist attorneys demanding that the website cease allowing postings for erotic services, which he claimed promoted prostitution, and accused the site of "turning a blind eye" to the problem. They have four children. Contributions to incumbent Connecticut state lawmakers by drug companies between 2006 and 2015: Senate: $3,895. Connecticut Attorney General's Office (October 15, 2001). It is fact, plain and simple. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. Blumenthal additionally introduced separate legislation with Representative Conor Lamb aimed to prohibit Amtrak from enforcing such clauses in its customer agreements. His miscellaneous investments that year amounted to $489,000. Richard Blumenthal, Attorney General, Connecticut Attorney General's Office, Hearing on Corporate Inversions, "Richard Blumenthal: He was supposed to be president. Blumenthal said, "Corporations proposing to reincorporate to Bermuda, such as Stanley, often tell shareholders that there is no material difference in the law", but said that this was not the case and was misleading to their shareholders. The family trusts are valued at $3.1 million while he has around $6.8 million parked in bank accounts. Democratic Connecticut Senate candidate Richard Blumenthal lied about serving in Vietnam. The senators added that the FTC had the responsibility of protecting both consumers and workers and needed to "act decisively" to address their concerns over "serious anti-competitive harms from the proliferation of non-competes in the economy. 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. [95] In 2008 Congress passed and President George W. Bush signed into law a new terrorist surveillance bill including the telecom immunity provisions Blumenthal opposed. That year, his accounts at JP Morgan held $7.3 million. A member of the Democratic Party, he is one of the wealthiest members of the Senate,[5] with a net worth over $100 million.

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