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Joseph P. Kennedy Enterprises is the family office of the Kennedys--America's political dynastic clan. The firm's assets date back to 1927, according to Christopher Kennedy, a member of the Kennedy family who sits on the office's board. Joseph P. Kennedy Sr. was an American businessman, investor, and politician known for his high-profile positions in United States politics. He grew his fortune with distribution rights for Scotch whiskey and his company, Somerset Importers, became the exclusive American agent for Gordon's Gin and Dewar's Scotch. The funds accumulated by the family patriarch in the 1920s, 30s and 40s are today heavily invested in real estate, to a lesser degree in a variety of stocks, bonds, and tax-exempt securities and to some extent gas enterprises. These investments are deployed in a series of trust funds, foundations and privately held companies designed to preserve the family's capital. The two largest sets of trusts were established in 1926 and 1936 by Joseph Kennedy. A third and lesser set of trusts was established in 1949 by Rose Kennedy. The fourth set of trusts, still smaller, was set up in 1959 on behalf of Joseph Kennedy's grandchildren. Forbes pegs the extended family's fortune at $1 billion. The Kennedy Family's real estate holdings in the Chicago area are known as Wolf Point.
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