Biography & Early Wealth Journey

Jacqueline Kennedy Onassis, commonly known as Jackie Kennedy, was the widow of John F. Kennedy, the 35th President of the United States. She served as First Lady from 1961 until Kennedy's assassination in November 1963, becoming internationally known for her style, diplomacy, promotion of the arts, and ambitious restoration of the White House. Her televised tour of the restored White House attracted tens of millions of viewers and earned her an honorary Emmy.

Jackie's financial life was nearly as remarkable as her public one. After JFK's death, she received income from a Kennedy family trust. Her 1968 marriage to Greek shipping magnate Aristotle Onassis brought substantial additional wealth, including a multimillion-dollar premarital arrangement and, following his death, a $26 million settlement with his daughter Christina. Jackie's longtime companion and financial adviser Maurice Tempelsman subsequently helped manage her investments.

After her death, her executors valued her estate at $43.7 million. Because her possessions later fetched extraordinary prices at auction, the IRS examined whether the estate's value should instead have been closer to $73 million. Her 1996 Sotheby's estate auction alone generated more than $34.5 million.

Early Life and Education

Primary Income Streams & Multi-Million Contracts

Jacqueline Lee Bouvier was born on July 28, 1929, in Southampton, New York. Her father, John Vernou "Black Jack" Bouvier III, was a Wall Street stockbroker, and her mother, Janet Lee Bouvier, came from a prosperous family. Jackie developed an early passion for literature, art, languages, and horseback riding and became an accomplished equestrian as a child.

Her parents' marriage was troubled, and they divorced in 1940. Jackie and her younger sister, Caroline Lee Bouvier, later known as Lee Radziwill, divided their time among their parents' households.

Jackie attended the Chapin School in New York, Holton-Arms School, and Miss Porter's School in Connecticut. She enrolled at Vassar College in 1947 and spent her junior year studying in France through a Smith College program at the University of Grenoble and the Sorbonne.

She transferred to George Washington University and graduated in 1951 with a bachelor's degree in French literature. That summer, Jackie and Lee traveled through Europe and created an illustrated travel journal that was later published as the book "One Special Summer."

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After college, Jackie worked for the "Washington Times-Herald" as its "Inquiring Camera Girl," photographing and interviewing people around Washington, D.C.

Marriage to John F. Kennedy

Jackie and John F. Kennedy moved in overlapping social circles before being formally introduced at a dinner party in 1952. Kennedy was then a congressman from Massachusetts and was elected to the U.S. Senate later that year.

They married on September 12, 1953, at St. Mary's Church in Newport, Rhode Island, followed by a large reception at Hammersmith Farm, the Auchincloss family estate.

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The couple endured several difficult pregnancies. Their daughter Arabella was stillborn in 1956. Jackie gave birth to Caroline Kennedy in 1957 and John F. Kennedy Jr. in November 1960, shortly after JFK won the presidential election.

Jackie became First Lady at age 31 when Kennedy was inaugurated in January 1961.

Jackie and JFK a few months before their wedding (Getty)

First Lady and the White House Restoration

Jackie's most enduring project as First Lady was restoring the historical character of the White House. She wanted the Executive Mansion to function not merely as a presidential residence but as a living museum of American history.

In 1961, she established the Fine Arts Committee for the White House, hired the first White House curator, and helped establish the White House Historical Association. She sought out furniture, paintings, and decorative objects associated with previous administrations and encouraged collectors to return historically significant pieces to the White House.

Jackie also oversaw the creation of "The White House: An Historic Guide," with proceeds supporting preservation and acquisitions.

In February 1962, she hosted "A Tour of the White House with Mrs. John F. Kennedy." The television special gave the public its first extensive televised look at the restored rooms. Tens of millions of viewers watched in the United States, and the program was distributed internationally. Jackie received an honorary Emmy for her contribution.

She also promoted music, literature, theater, and the visual arts through White House events and became an important diplomatic presence during trips abroad. Her fluency in French and knowledge of European culture were particularly useful during the Kennedys' 1961 visit to France.

In August 1963, Jackie gave birth prematurely to Patrick Bouvier Kennedy. He died two days later from complications associated with respiratory distress.

JFK's Assassination

On November 22, 1963, Jackie was seated beside President Kennedy in the presidential limousine when he was assassinated in Dallas, Texas.

In the days that followed, she played a central role in planning his state funeral, drawing inspiration from Abraham Lincoln's funeral. Images of Jackie accompanying her husband's coffin and standing with Caroline and John Jr. became defining images of the national mourning period.

After leaving the White House, Jackie initially lived in Washington before relocating permanently to New York City with her children. She also became deeply involved in creating the John F. Kennedy Presidential Library and selected architect I.M. Pei to design it.

Kennedy Family Trust

Following JFK's death, Jackie received financial support associated with the Kennedy family fortune. Accounts of the arrangement have generally placed her annual trust income in the range of $150,000 to $200,000, an enormous income at the time.

The arrangement was structured so that the payments would cease if Jackie remarried, with the financial benefit instead passing to Caroline and John Jr.

That provision became an important consideration when Jackie began discussing marriage with Aristotle Onassis.

(Photo by Alain Dejean/Sygma via Getty Images)

Aristotle Onassis

Jackie married Aristotle Onassis on October 20, 1968, on his private Greek island of Skorpios. Onassis had accumulated an enormous fortune through shipping, real estate, investments, and other businesses and was one of the richest people in the world.

Because remarriage would cost Jackie her Kennedy trust income, substantial financial provisions were negotiated before the wedding. Contemporary and biographical accounts describe Onassis giving Jackie $3 million outright and establishing $1 million trusts for each of Caroline and John Jr. The agreement also provided ongoing financial support if the marriage ended through death or divorce.

Life with Onassis gave Jackie access to an extraordinary collection of homes, yachts, private aircraft, servants, jewelry, and international travel. The couple used properties in New York, Paris, Greece, and elsewhere, while Skorpios served as Onassis' private island retreat.

Among the lavish gifts associated with their marriage was an enormous diamond ring given to Jackie around her 40th birthday. A 40-carat diamond engagement ring associated with Onassis later became the most expensive item sold at the auction of Jackie's estate.

The marriage became increasingly strained during the 1970s. Onassis' son Alexander died following a plane crash in 1973, a loss that devastated the shipping magnate, and his own health subsequently deteriorated.

Aristotle Onassis died in March 1975.

$26 Million Onassis Settlement

Onassis' death led to a financial dispute between Jackie and his daughter, Christina Onassis. The majority of Aristotle's fortune was intended for Christina and a charitable foundation created in memory of his son Alexander.

Jackie had potential claims against the estate as Aristotle's widow, creating the possibility of lengthy litigation. The dispute was ultimately resolved through a settlement.

Christina agreed to pay Jackie $26 million in exchange for relinquishing further claims against the Onassis estate. Contemporary reports placed earlier negotiations at $20 million before the settlement was increased by another $6 million.

The $26 million payment became the foundation of much of Jackie's independent fortune. Over the following two decades, her investments were managed with assistance from financier and diamond merchant Maurice Tempelsman, who became her longtime companion.

Publishing Career

After Aristotle's death, Jackie did something unusual for a woman already independently wealthy and internationally famous: she went back to work.

In 1975, she joined Viking Press as a consulting editor. She left Viking in 1977 and began working at Doubleday the following year, eventually becoming a senior editor.

Publishing became a serious second career rather than a celebrity title. Jackie worked on more than 100 books over the course of her publishing years, acquiring projects, editing manuscripts, working with authors, and helping shape illustrated books and works dealing with history, dance, art, biography, and culture.

Her projects included books associated with Joseph Campbell, George Plimpton, Dorothy West, and Egyptian Nobel Prize-winning novelist Naguib Mahfouz. She was also involved with Michael Jackson's 1988 autobiography "Moonwalk."

Jackie remained at Doubleday until shortly before her death.

Her historic-preservation activities also continued after the White House years. Most notably, she joined the campaign to preserve Grand Central Terminal in New York from redevelopment, helping give the landmark preservation movement one of its most famous advocates.

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Real Estate

Jackie's property holdings represented a significant component of her wealth.

Her primary New York residence was an expansive apartment at 1040 Fifth Avenue overlooking Central Park. She lived there for many years and died in the apartment in 1994. The estate listed the residence for $9 million, and in early 1995 it accepted a $9.5 million offer from businessman David Koch.

Jackie also created an extraordinary private retreat on Martha's Vineyard. She purchased hundreds of acres near Gay Head, now Aquinnah, beginning in 1978 and developed the property into Red Gate Farm. The secluded oceanfront estate ultimately encompassed roughly 340 acres.

The Martha's Vineyard holdings passed to Caroline and John Jr. under Jackie's will.

Death

Jackie was diagnosed with non-Hodgkin lymphoma in January 1994. She initially underwent treatment, but the cancer progressed rapidly.

Jacqueline Kennedy Onassis died at her Fifth Avenue apartment on May 19, 1994, at age 64, surrounded by family and friends.

She was buried beside President Kennedy at Arlington National Cemetery. Their children Patrick and Arabella are also buried there.

Estate and $34.5 Million Auction

Initial media reports following Jackie's death frequently placed her fortune at $100 million or more. Subsequent court filings provided a considerably clearer picture.

Her executors valued the estate at $43.7 million. The IRS later examined whether the correct value was closer to $73 million after items from the estate sold for dramatically more than their appraised values.

Jackie's will left the bulk of her assets to Caroline and John Jr. Each also received a $250,000 cash bequest, the principal from a trust established by their father, her Fifth Avenue apartment, her Martha's Vineyard real estate, personal possessions, and her interests in other property.

She provided $500,000 trusts for each of her sister Lee Radziwill's surviving children, including Anthony Radziwill. Anthony married Carole Radziwill in 1994.

Jackie's estate plan also contemplated a charitable trust called the C&J Foundation, named for Caroline and John. Under the structure, assets disclaimed by the children could have funded charitable giving before eventually passing to Jackie's grandchildren. Because of the estate's eventual tax liabilities and the choices made by her heirs, the planned foundation was not substantially funded.

In April 1996, Sotheby's held a four-day auction of more than 5,000 items from Jackie's estate. Pre-sale estimates totaled approximately $4.6 million. Instead, extraordinary demand drove the final proceeds above $34.5 million.

The highest-priced item was the 40-carat diamond ring from Aristotle Onassis, which sold for approximately $2.5 million. A desk associated with President Kennedy sold for $1.4 million, while even relatively ordinary possessions commanded extraordinary premiums because of their connection to Jackie.

The auction illustrates why Jackie's estate was difficult to value using conventional appraisals. Her possessions had value as jewelry, furniture, artwork, clothing, and memorabilia, but their provenance as objects owned by Jacqueline Kennedy Onassis gave them a market value that could not be known until bidders competed for them.

Jacqueline Kennedy Onassis Net Worth

Kennedy Onassis

Aristotle Onassis Net Worth

Onassis