Financial disclosure documents tied to congressional candidate Jack Schlossberg show the Kennedy family heir reported no earned income in 2025, while listing four family trust funds as financial assets.
Schlossberg, the only grandson of President John F. Kennedy, is running for the Democratic nomination in New York’s 12th Congressional District, the seat being vacated by longtime Rep. Jerry Nadler.
The disclosure filings, required for federal candidates, offer a glimpse into the finances of one of the country’s most prominent political heirs as he attempts to enter elective office for the first time.
What the Financial Disclosure Shows
According to the filing highlighted in the report, Schlossberg did not report any “earned income” for 2025, meaning he listed no wages or salary from employment during that year.
Instead, the disclosure lists four separate trust funds tied to the Kennedy family fortune. Trust income is categorized differently from wages or salary under federal financial disclosure rules.
Trust funds are commonly used among wealthy families to hold investments and distribute income to beneficiaries over time.
Financial disclosures submitted by congressional candidates typically list assets, liabilities and income sources, though they often report ranges rather than exact figures.
A Candidate From One of America’s Most Famous Political Families
Schlossberg, whose full name is John Bouvier Kennedy Schlossberg, is the son of Caroline Kennedy and the grandson of President John F. Kennedy and former First Lady Jacqueline Kennedy Onassis.
Born in New York City in 1993, he is the only grandson of JFK and part of the broader Kennedy political dynasty that has produced senators, representatives, and presidential candidates for decades.
He graduated from Yale University and later earned a joint law and business degree from Harvard, passing the New York bar exam in 2023.
In recent years, Schlossberg has worked as a writer and political commentator and served as a political correspondent for Vogue beginning in 2024.
Kennedy Wealth and Trust Funds
The Kennedy family fortune traces back to Joseph P. Kennedy, the patriarch who built substantial wealth through banking, film production, and real estate investments in the early 20th century.
Much of the family’s wealth has historically been managed through trusts designed to pass assets to descendants across generations.
Estimates place Schlossberg’s personal net worth at roughly $20 million, largely tied to inherited family wealth and investment holdings, as The Washington Free Beacon notes:
The total value of Schlossberg’s disclosed assets ranges from $10.5 million to $31.9 million, according to the disclosures, which cover the period between January 2025 and February 2026. His assets include lucrative investment portfolios parked in four trust funds worth between $4.1 million and $11.7 million, the 25-page document shows. The documents indicate Schlossberg owns a stake of up to $5 million in Red Gate Farm LLC, the corporation that manages the remainder of a vast Martha’s Vineyard estate once owned by his grandmother, Jacqueline Kennedy Onassis.
Schlossberg generated plenty of income from his financial holdings: He reported receiving up to $1,000,000 in dividends and capital gains from an investment in chipmaker Nvidia in 2025 alone. But he disclosed no “earned income”—that is, money earned from working a job.
Schlossberg also disclosed a number of “positions.” He listed himself as the “managing member” of Squid Island LLC, a “social media political commentary” company worth up to $100,000; as a “member” of Red Gate Farm LLC, the corporation that controls the Martha’s Vineyard estate; as a “member” of Rory’s Place LLC, a restaurant in California; and as a “political correspondent” for Vogue. A Vogue representative, however, said Schlossberg “was Vogue’s election correspondent through the 2024 election, so he did not work with us in 2025.”
The disclosures tell the story of a 33-year-old loaded with family money who does little besides post commentary online. Schlossberg has amassed hundreds of thousands of followers on Instagram and TikTok, where he posts bizarre political content. In one since-deleted video, he filmed himself performing a Nazi salute that was likely intended to mock Tesla billionaire Elon Musk, the Free Beacon reported.
Because trusts often generate investment income rather than salary, beneficiaries may report little or no earned income even while receiving financial distributions.
A Competitive Democratic Primary Ahead
Schlossberg announced his congressional campaign in November 2025, joining a crowded Democratic primary to replace Nadler in a heavily Democratic Manhattan-based district.
The district covers parts of Midtown Manhattan and the Upper West and East sides, making the Democratic primary the decisive contest in the race.
Several candidates are competing for the nomination, including former Republican lawyer George Conway.
Financial Disclosures Often Scrutinized in Campaigns
Financial disclosure filings frequently become part of political debates, particularly when candidates rely heavily on inherited wealth or investment income.
Critics frequently point to trust income and inherited wealth as evidence of economic privilege.
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Someone inform me! Is Jack Schlossberg a grandson of JFK living on family welfare?!!!!! Like some other politicians that never held a public job, now wants to run our country! Please give me a candidate other that a DEI!!!!!!