how did richard blumenthal make his money

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They got engaged when she was senior at Harvard and were married a year later. Khanna's father-in-law, Monte Ahuja, is also founder and CEO of the automotive transmission giant Transtar, another contributor to Rep. Khanna's substantial net worth. Sen. Richard Blumenthal (D., Conn.) and his wife bought and sold shares of the stock trading app Robinhood while he called for Congress to investigate a controversial trading . [19] In April 1970, Blumenthal enlisted in the United States Marine Corps Reserve which, as The New York Times noted, "virtually guaranteed that he would not be sent to Vietnam". Blumenthal: worst Attorney General in U.S. Connecticut Fights to Keep Stanley Works from Disappearing to Bermuda, Governor, Attorney General Urge Tighter Restrictions on Air Pollution, Attorney General Submits Comments To FERC Opposing Formation Of Regional Transmission Organization, Lawsuit Filed By Blumenthal, Nappier Brings Halt To Stanley Works' Reincorporation Plans, Attorney General Asks SEC To Investigate Stanley Works Vote, Blumenthal, New England AGs And Consumer Advocates Warn That Proposed RTO Will Raise Rates, Without Consumer Benefit, Connecticut and 11 Other States File Suit to Prevent Weakening of the Clean Air Act, Law School lauds Blumenthal with public service award, FERC's Transmission Pricing Policy: New England Cost Impacts, Statement of the Hon. Buchanan recently came under fire for purchasing a yacht estimated to be valued between $1-5 million dollars the same day he voted for the Republican tax cuts bill in 2017. He earned additional incomes of $18,388 in ordinary dividends and $55,761 from pensions and annuities from the time he was Attorney General, according to the documents. Senator Tammy Baldwin Helps Reintroduce Legislation to Create State Public Health Care Option", "Democratic White House hopefuls push to expand health care in US territories", "U.S. [99] The settlement forced Bank of America to establish a $150 million fund to help repay borrowers whose homes had been foreclosed upon, $1.3 million of which went to Connecticut. New York Times: "Miss Malkin Plans Bridal", "Murder Trial Puts Death Penalty in Spotlight in Connecticut Campaigns", "Blumenthal Argues State's Challenge of Federal Approval of Mashantucket Pequots' Annexation Bid", "Pequot Tribe Withdraws Annexation Plan Opposed by Neighboring Towns", "Connecticut Municipalities Join Blumenthal, Eight Other States In Lawsuit Against Bush Administration For Gutting Clean Air Act", "AGS to sue Bush administration for gutting Clean Air Act", "Blumenthal: The 'A' in AG is for Activist", "Attorney General, Seven Other States, Sue Tobacco Maker For Illegal Cartoon Camel Ad In Rolling Stone", "Blumenthal Files Anti-Trust Lawsuit Against Microsoft", "Connecticut Attorney General Open to Settlement, Wants Tough Remedy", "Blumenthal, Six Other Attorneys General, Say Microsoft Maintains Monopolistic Power In Software Market", "Blumenthal, Eight Other States File Proposed Remedies In Microsoft Case". Senator Richard Blumenthal of Connecticut is ranked among the wealthiest politicians in the U.S. DeFelice for additional funds. [186], In August 2018, Blumenthal was one of 17 senators to sign a letter spearheaded by Kamala Harris to United States Secretary of Homeland Security Kirstjen Nielsen demanding that the Trump administration take immediate action in attempting to reunite 539 migrant children with their families, citing each passing day of inaction as intensifying "trauma that this administration has needlessly caused for children and their families seeking humanitarian protection. #5. During his stint as Attorney General, he built a reputation with high profile cases involving Microsoft, the tobacco lobby, Internet pornography, the environment, and more. [190], In July 2019, following reports that the Trump administration intended to end protections of spouses, parents and children of active-duty service members from deportation, Blumenthal was one of 22 senators to sign a letter led by Tammy Duckworth arguing that the program allowed service members the ability "to fight for the United States overseas and not worry that their spouse, children, or parents will be deported while they are away" and that the program's termination would cause personal hardship for service members in combat. He led efforts by the Big East football schools (Virginia Tech, Rutgers, Pittsburgh, and West Virginia) in legal proceedings against the Atlantic Coast Conference, the University of Miami and Boston College, accusing them of improper disclosure of confidential information and of conspiring to dismantle the Big East. [108] Rasmussen Reports also polled after Blumenthal announced his candidacy and found a somewhat more competitive race, but with Blumenthal holding a strong lead. Last night, the New York Times printed an explosive story suggesting that Democratic Connecticut Attorney General Richard Blumenthal - who is currently . Kirsten Gillibrand (D-N.Y.) and Richard Blumenthal (D-Conn.) passed an amendment to delay the test's implementation. Connecticut Fights to Keep Stanley Works from Disappearing to Bermuda. [40], A 2000 landmark federal court decision ruled that Microsoft had violated antitrust laws, and the court ordered that the company be broken up. [209], Blumenthal's wealth exceeds $100 million, making him one of the richest members of the Senate. He was sworn in on January 5, 2011. The senators wrote that they hoped the subcommittee would support continued funding for Section 4 in Fiscal Year 2020. He opposed efforts by Walmart to ban the sale of emergency contraception and supports requirements that pharmacies fill birth control prescriptions. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star State selling Dodge, Chrysler, and Jeep cars and trucks. The financial disclosure forms show that the Connecticut Senator's passive income is $3-$19 million per year, excluding his salary as a Senator. [37] He argued that the state of Connecticut should be reimbursed for Medicaid expenses related to smoking. His real estate investments in 2015 were estimated at $3.0 million. He obtained at least five military deferments from 1965 to 1970 and took. He was reelected in 2016 and 2022. Blumenthal argued that the Interior Department's decision in support of this action was "fatally, legally flawed, and unfair" and that "it would unfairly remove land from the tax rolls of the surrounding towns and bar local control over how the land is used, while imposing [a] tremendous burden. The bill also abolished the restriction that stopped the federal Medicare program from using its buying power to negotiate lower drug prices for beneficiaries and hinder drug company monopoly practices used to keep prices high and disable less expensive generics entering the market. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. February 10, 2022. A key player in the national fight against Big Tobacco, he helped end deceptive marketing aimed at childrena victory significantly lowering youth smoking rates, and compelling a multi-billion dollar settlement for Connecticut taxpayers. In October 2008, Bank of America initially agreed to settle the states' suits for $8.4 billion, and in February 2010, Countrywide mailed payments of $3,452.54 to 370 Connecticut residents. In August 2008, Blumenthal announced that Connecticut had joined California, Illinois and Florida in suing subprime mortgage lender Countrywide Financial (now owned by Bank of America) for fraudulent business practices. The legislation also supported universal access to high-quality preschool programs for all 3- and 4-year-olds and changed the child care workforce compensation and training to aid both teachers and caregivers. And to enlisting in the United States Marine Corps Reserves in 1970. They have four children. Drug . [118], According to a pair of Quinnipiac polls on October 15, 2015, Blumenthal had a 34-point lead over Kudlow[119] and a 35-point lead over Wolf. Attorney General Richard Blumenthal timeline. [110], The New York Times reported that Blumenthal misspoke on at least one occasion by saying he'd served with the military "in Vietnam". But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. Big East legal fees add up for Pitt, others. [109] On May 21, Blumenthal received the Democratic nomination by acclamation. [182], In June 2019, Blumenthal and 14 other senators introduced the Affordable Medications Act, legislation intended to promote transparency by mandating that pharmaceutical companies disclose the amount of money going to research and development, marketing and executives' salaries. [166][167], In March 2019, Blumenthal and 38 other senators signed a letter to the Appropriations Committee opining that contractor workers and by extension their families "should not be penalized for a government shutdown that they did nothing to cause" while noting that there were bills in both chambers of Congress that would provide back pay to compensate contractor employees for lost wages, urging the Appropriations Committee "to include back pay for contractor employees in a supplemental appropriations bill for FY2019 or as part of the regular appropriations process for FY2020."[168]. President Donald Trump attacked Sen. Richard Blumenthal, D-Conn., for misleading voters, making some false claims of his own in the process. But now the evacuees fear its days are numbered", "Kalo's opioid overdose drug went from $690 to $4,500and senators want answers", "Baldwin, Democratic Senators Call TrumpCare Disastrous for Battle Against Opioid Crisis", "Senate opens investigation into Juul's marketing practices to minors", "Warren, Klobuchar call on FTC to curtail use of non-compete clauses", "Text - S.3398 - 116th Congress (2019-2020): EARN IT Act of 2020", "What They Are Saying: Advocacy Groups & Survivors Voice Support for the EARN IT Act", "Oregon senators call on Trump to honor climate agreement", "More than 30 Senate Dems ask Trump to reconsider Central American aid cuts", "Blumenthal Warns U.S. Is On Path To A Trade War With China", "U.S. lawmakers scramble for way to block Trump deal with China's ZTE", "Chairs Lead Bipartisan Letter Urging Administration to Sanction Chinese Officials Complicit in Xinjiang Abuses", "China rejects US lawmakers' sanctions call over Muslim camps", "US Bill reintroduced to deter China in South China, East China seas", "Lawmakers introduce bill to block U.S. companies from doing business with Huawei", "43 Senators Want to Make It a Federal Crime to Boycott Israeli Settlements", "Cosponsors - S.720 - 115th Congress (2017-2018): Israel Anti-Boycott Act", "Senate Dems petition Saudi king to release dissidents, US citizen", "Democratic senator threatens to freeze weapons sales to Saudi Arabia over support of Russia", "The Best Way to Respond to Saudi Arabia's Embrace of Putin", "U.S. The American public is beseeching us to act on commonsense, sensible gun violence prevention measures, and we must heed that call. He was drafted into the U.S. Marine Corps Reserve during the Vietnam War, however, he didnt participate actively in the war. Getty Senator Richard Blumenthal of Connecticut, 73, is one of the wealthiest members of Congress. But Blumenthal remarked that after the settlement, the ads continued to flourish using code words. Connecticut Attorney General's Office (September 30, 2003). U.S. Sen. Richard Blumenthal on Friday rebuked claims in an article on a conservative news site that said he and his wife bought and sold stock in Robinhood while he called for an investigation into the stock trading app for its role in the GameStop trading frenzy last year. Malkin is the daughter of real estate mogul Peter Malkin. He fought and sued the federal government for failing to follow or enforce environmental laws and energy statues, as well as imposing multimillion dollar unfunded mandates on local taxpayers under the No Child Left Behind Act. In 2008, the attorneys general commissioned the Internet Safety Technical Task Force report, which researched "ways to help squash the onslaught of sexual predators targeting younger social-networking clients".[83]. Richard and Cynthia have welcomed four children and currently reside in Greenwich, Connecticut, . According to OpenSecrets, Blumenthal raised $9 million, spent $8.9 million, and had $3 million cash on hand, as of October 19. "[165], In October 2022, Saudi Arabia, with Russia, announced a cut of 2 million barrels a day of oil production at the OPEC+ meeting. With a father who fled Nazi Germany at age 18, and a mother who left Nebraskas farmland to become a social worker, Richard Blumenthal was raised with a deep dedication to public service, a duty to give back by helping others, and a bedrock belief in hard work. Additionally, Blumenthal and his wife have several million in hedge funds. He was honorably discharged with the rank of Sergeant in 1976. Khanna's father-in-law, Monte Ahuja, is also founder and CEO of the automotive transmission giant Transtar, another contributor to Rep. Khanna's substantial net worth. He supports a national assault weapons ban and introduced such a ban in 2017 and 2023. He announced plans to return to Connecticut every weekend to join a "listening tour" of his home state. [123], Blumenthal was sworn into the 112th United States Congress on January 5, 2011. "[135], In March 2019, Blumenthal was one of 38 senators to sign a letter to United States Secretary of Agriculture Sonny Perdue warning that dairy farmers "have continued to face market instability and are struggling to survive the fourth year of sustained low prices" and urging his department to "strongly encourage these farmers to consider the Dairy Margin Coverage program. Blumenthal was elected to the U.S. Senate in 2010 and again in 2016. Peterson, Paul; White, David; Doolittle, Nick; & Roschelle, Amy (September 29, 2003) of Synapse, Energy Economics Inc. Subcommittee on Select Revenue Measures of the House Committee on Ways and Means (June 6, 2002). His real estate investments in 2014 totaled roughly $32.3 million with over $14.8 million invested in securities. In 1997, Blumenthal and Governor John G. Rowland petitioned the United States Environmental Protection Agency (EPA) to address interstate air pollution problems created from Midwest and southeastern sources. [94], Blumenthal and other state attorneys general reached a settlement with Craigslist on the issue; the settlement called for the company to charge people via credit card for any ads that were suggestive in nature so the person could be tracked down if they were determined to be offering prostitution. Blumenthal served as administrative assistant to Senator Abraham A. Ribicoff, as aide to Daniel P. Moynihan when Moynihan was Assistant to President Richard Nixon, and as a law clerk to Judge Jon O. Newman, U.S. District Court of the District of Connecticut, and to Supreme Court Justice Harry A. Blackmun. In an opinion piece, he and Ro Khanna proposed to promptly pause the massive transfer of American warfare technology to Saudi Arabia and take a tougher stance against the kingdom. Senator Tammy Baldwin Calls on Trump Administration to Implement Farm Bill Dairy Improvements for Wisconsin Dairy Farmers", "Democratic senators rip Trump administration's trade aid to foreign firms, demand a halt", "Menendez, Booker Join Call for Investigation at USDA amid Reports of Scientific Data Suppression", "Senate Democrats press regulators over reported tech investigations", "Legislation introduced to allow lawsuits against Amtrak", "A U.S. senator is joining the call for Uber to end forced arbitration for alleged sexual assault victims", "U.S. Senate to hold crash hearing as lawmakers urge grounding Boeing 737 MAX 8", "U.S. Cynthia Malkin. The Blumenthals have an investment of between $100,000 and $250,000 in U.S. Shanghai LLC, according to the senator's annual financial disclosures. [81] Earlier that year, Blumenthal and attorneys general in at least five other states were involved in discussions with MySpace that resulted in the implementation of technological changes aimed at protecting children from pornography and child predators on the company's website. Senator Richard Blumenthal (D-CT) released the following statement after the Senate approved the Inflation Reduction Act, a measure to cut costs for consumers, lower drug prices, and make historic investments in clean energy: "The Inflation Reduction Act is history-making and record-setting. The agreement to temporarily halt the move was signed by New Britain Superior Court Judge Marshall Berger. Most of Richard Blumenthals staggering wealth is thanks to his wife, Cynthia Malkin, the heiress of a real estate empire. [71] He launched an antitrust investigation into the Infectious Diseases Society of America's (IDSA's) 2006 guidelines regarding the treatment of Lyme disease. The committee did not change any of the earlier recommendations but did alter some of the language in an executive summary of the findings. 0:27. CT's Richard Blumenthal beats Leora Levy for third term in U.S. Senate. "[160], In May 2019, Blumenthal was a cosponsor of the South China Sea and East China Sea Sanctions Act, a bipartisan bill reintroduced by Marco Rubio and Ben Cardin that was intended to disrupt China's consolidation or expansion of its claims of jurisdiction over both the sea and air space in disputed zones in the South China Sea. [23] During his 2010 Senate campaign, news report videos that showed Blumenthal claiming he had served in Vietnam created a controversy. Furthermore, the spouses of senators who have assets worth more than $1.0 million arent required to state all assets on financial disclosure reports. Much of Blumenthals beef with President Trump is decades old and stems from the Malkins and Trump being rivals in the real estate business. The Blumenthals have a property in Connecticut, which is the only residence listed under their name. Republican Rep. Francis Rooney of Florida has earned a large fortune from his business, Manhattan Construction Group, which has built massive projects such as Cowboys Stadium. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. "Attorney General Richard Blumenthal timeline", "Bill Clinton stumps for Richard Blumenthal in Conn. Senate race", "Interviews Robert Reich | The Clinton Years | FRONTLINE", "Senate Hopeful Richard Blumenthal Addresses Report He Lied About Vietnam Record", "Candidate's Words on Vietnam Service Differ From History", "Senator Blumenthal Honored at Yale Graduate School Diversity Conference", "Richard Blumenthal's Vietnam fight-back: Democratic candidate Richard Blumenthal is battling on over accusations he falsely claimed military service in Vietnam", "Richard Blumenthal Apologizes for Exaggerating Military Service". [208] They have four children. Collins was recently stripped of his committee assignments after being indicted for insider trading. [27] In December 1982, while still at Cummings & Lockwood, he created and chaired the Citizens Crime Commission of Connecticut, a private, nonprofit organization. It will increase the power and profits of transmission operators with an immediate $40million price tag for consumers. He was the leading Senate sponsor of the Forced Arbitration Injustice Repeal Act, alongside Representative Hank Johnson, which would ban the use of the clauses in consumer contracts. [80], In March 2006, Blumenthal noted that more than seven incidents of sexual assault in Connecticut had been linked directly to MySpace contacts. [43], In 2001, the Bush administration's DOJ settled with Microsoft in an agreement criticized by many states and other industry experts as insufficient. Just Call Him Senator: An assessment of Richard Blumenthal, the man most likely to replace Connecticut's Christopher Dodd. Trump dubbed Blumenthal "Da Nang Richard," a reference to a battleground in the Vietnam War. DeFelice, went out of business and it was later revealed that hundreds of storm drains had been improperly installed. He was also a classmate of future Supreme Court Justice Clarence Thomas and radio host Michael Medved. [20][111] Video emerged of him speaking to a group of veterans and supporters in March 2008 in Norwalk, saying, in reference to supporting troops returning from Iraq and Afghanistan, "We have learned something important since the days that I served in Vietnam. Senator AbrahamA. Ribicoff's staff as an Administrative Assistant (now known as Chief of Staff). To a year working as assistant to Daniel Patrick Moynihan when he was Assistant to the President of the United States. [175], In response to the 2017 Las Vegas shooting, Blumenthal declared in an interview with Judy Woodruff, "we must break the grip of the NRA". [94] Blumenthal called the decision a victory against sexual exploitation of women and children, and against human trafficking connected to prostitution. The senators requested Shanahan explain the inconsistencies and that he provide both "a staff-level briefing on this matter within seven days" and an explanation of how he would address Neller's concerns. His taxable income amounted to $161,373 after deductions. Some say it could be much higher. [69] In 2009, the bonding company agreed to pay an additional $4.6 million settlement, bringing the total award to $22.1 million ($30,000 more than the repair costs). Prayers and platitudes are insufficient. This report is far from the end of the inquiry that this country needs and deserves. "[193], In July 2019, Blumenthal cosponsored the Fallen Journalists Memorial Act, a bill introduced by Ben Cardin and Rob Portman that would create a new memorial that would be privately funded and constructed on federal lands within Washington, D.C., in order to honor journalists, photographers, and broadcasters who died in the line of duty. [201], In February 2022, on a Nightline program on criticisms of the United States Center for SafeSport titled "Sports misconduct watchdog faces crisis of confidence", Blumenthal said: "There is simply no way that SafeSport can be given a passing grade", that "these young athletes deserve better protection", and that SafeSport does not have his confidence and trust. Richard Blumenthal, Connecticut Attorney General, Hartford, Connecticut. Born in Brooklyn, New York on February 13, 1946, Richard Blumenthal is 72 years old. Senator and Senate Banking Committee chair Christopher Dodd, who had been harshly criticized for accepting a VIP loan from Countrywide,[100] "there's no evidence of wrongdoing on [Mr. Dodd's] part any more than victims who were misled or deceived by Countrywide." Blumenthal accused Saudi Arabia of undermining U.S. efforts and helping to boost 2022 Russian invasion of Ukraine. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. Those values carried him through his childhood and his education at Harvard College (Editorial Chairman The Harvard Crimson, Phi Beta Kappa, Magna Cum Laude), and Yale Law School, where he was Editor-in-Chief of the Yale Law Journal. [77] In 2008, Blumenthal ended the investigation after the IDSA agreed to conduct a review of the guidelines. In the Senate, Senator Blumenthal has built on his longtime advocacy for consumers by holding companies accountable for the safety of their products. Contributions to incumbent Connecticut state lawmakers by drug companies between 2006 and 2015: Senate: $3,895. "Joe Manchin is the last remaining statewide elected Democrat [in West Virginia],. On the income side, Blumenthal, Connecticut's former attorney general, earned a $47,080 pension from the state of Connecticut and makes $174,000 as a senator. PASSING THE INFLATION REDUCTION ACT U.S. Blumenthal and Cooper secured agreements from MySpace and Facebook to make their sites safer.

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how did richard blumenthal make his money