Teresa Heinz Kerry’s $3 Million in Heinz Stock Grew 20 PercentJonathan D. Salant and Peter S. Green
Teresa Heinz Kerry, the wife of Secretary of State John Kerry, is profiting from the sale of HJ Heinz Co. to Berkshire Hathaway Inc. and 3G Capital.
The $23 billion sale of Heinz valued the stock at $72.50 a share, 20 percent higher than yesterday’s closing price of $60.48.
Through three family trusts, Heinz Kerry, the widow of Pennsylvania Republican Senator John Heinz, owned more than $3 million in Heinz stock in 2011, according to a personal financial disclosure report filed in August 2012 by her husband, then a U.S. senator from Massachusetts. Kerry didn’t report any holdings in the company.
Lawmakers provide estimates on the amount of their holdings and their spouses’ investments in broad ranges. Kerry’s filings indicate that his wife’s trusts held three stakes in Heinz, each valued at more than $1 million.
Senator Kay Hagan, a North Carolina Democrat, and eight House members also owned Heinz stock, according to their financial disclosure statements obtained by the Center for Responsive Politics, a Washington-based research group. One of the lawmakers, Republican Representative Mike Fitzpatrick of Pennsylvania, bought between $1,000 and $15,000 of stock in November 2011.
The biggest Heinz investor in Congress was Representative Dave Camp, a Michigan Republican and chairman of the tax-writing House Ways and Means Committee. He reported holdings of between $50,000 and $100,000. Freshman Republican Keith Rothfus valued his Heinz stake at between $15,000 and $50,000, with his wife owning an additional $50,000 and $100,000 of Heinz stock.
-- --Editors: Steven Komarow, Justin Blum