Job Businessman, investor, government official
Top GenresDrama, Silent Films
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Shares birthday with Clara Kimball Young, Michael Gordon, John Ridgely  see more..

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The Trespasser

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Joseph P. Kennedy Sr. Overview:

Producer, Joseph P. Kennedy Sr., was born Joseph Patrick Kennedy on Sep 6, 1888 in Boston, MA. Kennedy Sr. died at the age of 81 on Nov 18, 1969 in Hyannis Port, MA .

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Joseph P. Kennedy Sr. Facts
US ambassador to the Court of St. James.
As early as 1926, he set up a trust fund for the benefit of his wife Rose and the children that were then born. He set up two additional funds in 1936 and 1949. The 1949 trust is the fund that began to set portions of his wealth to his grandchildren. The three funds, plus the Joseph P. Kennedy,Jr. foundation were the chief vehicles for capital conservation. In 1968, the foundation had assets of $22.1 million, and dispersed as much as $1,600,000 to mental retardation research.
During Prohibition, Kennedy's company Somerset Importers became the exclusive U.S. agent for Gordon's Dry Gin and Dewar's Scotch. Anticipating the end of Prohibition, he assembled a large inventory of stock that he sold for a profit of millions of dollars when Prohibition was repealed in 1933. One of his partners in the deal was Franklin D. Roosevelt's son, James Roosevelt. Kennedy invested the money from his legal liquor business in real estate, the Merchandise Mart in Chicago and Hialeah Race Track in Hialeah, Florida. However, rumors that he was a "bootlegger," involved in running illegal liquor across the Great Lakes into the U.S. from Canada in cahoots with the Bronfman family and the Mafia, have never been proven.
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