how did richard blumenthal make his money

In 1998, the tobacco companies reached a $246 billion national settlement, giving the 46 states involved 25 years of reimbursement payments. He served as the state attorney. At age 17, Martin Blumenthal immigrated to the United States from Frankfurt, Germany; Jane was raised in Omaha, Nebraska, graduated from Radcliffe College, and became a social worker. [6] He was Attorney General of Connecticut from 1991 to 2011. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. [88][89] Blumenthal subsequently called for a series of specific measures to fight prostitution and pornography on Craigslistincluding steep financial penalties for rule breaking, and incentives for reporting wrongdoing. [158], In August 2018, Blumenthal and 16 other lawmakers urged the Trump administration to impose sanctions under the Global Magnitsky Act against Chinese officials who are responsible for human rights abuses against the Uyghur Muslim minority in the Xinjiang region. He has urged the Environmental Protection Agency to declare carbon dioxide a dangerous air pollutant. To a year working as assistant to Daniel Patrick Moynihan when he was Assistant to the President of the United States. [78] In 2010, an eight-member independent review panel unanimously agreed that the original 2006 guideline recommendations were "medically and scientifically justified" in the light of the evidence. [183], In August 2019, Blumenthal was one of 19 senators to sign a letter to United States Secretary of the Treasury Steve Mnuchin and United States Secretary of Health and Human Services Alex Azar requesting data from the Trump administration in order to help states and Congress understand the potential consequences in the event that the Texas v. United States Affordable Care Act (ACA) lawsuit prevailed in courts, claiming that an overhaul of the present health care system would form "an enormous hole in the pocketbooks of the people we serve as well as wreck state budgets". [104] On February 2, 2009, Blumenthal announced he would forgo a gubernatorial run and seek reelection that year as attorney general. Connecticut Attorney General's Office (October 15, 2001). In August 2010, Dodd was cleared by the Senate Ethics Committee, which found "no credible evidence" that he knowingly tried to use his status as a U.S. senator to receive loan terms not available to the public. 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 . [41] In November 2002, a federal court ruling imposed those same remedies. Senator Blumenthal is a member of the Committee on the Judiciary, Committee on Homeland Security & Governmental Affairs, Committee on Armed Services, Committee on Veterans Affairs, and Special Committee on Aging. "[185], In April 2019, Blumenthal was one of 41 senators to sign a bipartisan letter to the housing subcommittee praising the Department of Housing and Urban Development's Section 4 Capacity Building program as authorizing "HUD to partner with national nonprofit community development organizations to provide education, training, and financial support to local community development corporations (CDCs) across the country" and expressing disappointment that Trump's budget "has slated this program for elimination after decades of successful economic and community development." [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. However, some analysts believe Richard Blumenthals wealth could be around $85.0 million or more. Blumenthal supports gun control. 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. Also, she most likely has family trusts to her name. "This article is ridiculous. [14], In 1982, he married Cynthia Allison Malkin. "[199], In March 2018, Blumenthal was one of ten senators to sign a letter spearheaded by Jeff Merkley lambasting a proposal from FCC Chairman Ajit Pai that would curb the scope of benefits from the Lifeline program during a period where roughly 6.5 million people in poor communities relied on Lifeline to receive access to high-speed internet, claiming that it was Pai's "obligation to the American public, as the Chairman of the Federal Communications Commission, to improve the Lifeline program and ensure that more Americans can afford access, and have means of access, to broadband and phone service." [51], In September 1999, Blumenthal announced a lawsuit against Robin Barnes, the president and treasurer of New Haven-based charter school the Village Academy, for serious financial mismanagement of the state-subsidized charitable organization. [143], In 2019, following the Federal Communications Commission's announcement of rules changes to children's programming by modifying the Children's Television Act of 1990, Blumenthal and eight other Democratic senators signed a letter to FCC Chairman Ajit Pai that expressed concern that the proposed changes "would limit the reach of educational content available to children and have a particular damaging effect on youth in low-income and minority communities" and asserted that the new rules would see a reduction in access to valuable educational content through over-the-air services. "[20][113], Blumenthal's commanding officer in 1974 and 1975, Larry Baldino of Woodbridge, addressed the controversy in a letter to the editor in the New Haven Register. That year, his accounts at JP Morgan held $7.3 million. He called for Vice President Mike Pence to invoke the Twenty-fifth Amendment to the United States Constitution. He served in the Connecticut House of Representatives from 1984 to 1987, and the Connecticut State Senate from 1987 to 1990. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. His family's net worth is derived largely from his wife; the Malkins are influential real estate developers and property managers with holdings including an ownership stake in the Empire State Building. [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. [125], Blumenthal worked with Senator Mark Kirk to eliminate pensions for members of Congress who are convicted of felonies while serving in office. We will never know. His miscellaneous investments that year amounted to $489,000. DeFelice, went out of business and it was later revealed that hundreds of storm drains had been improperly installed. Trump dubbed Blumenthal "Da Nang Richard," a reference to a battleground in the Vietnam War. He received a Fiske Fellowship and studied at the University of Cambridge for a year after graduating from Harvard. [152], In February 2022, Blumenthal and Lindsey Graham introduced bipartisan legislation, as part of the EARN IT Act, to incentivize tech companies to remove child sexual abuse material (CSAM) from their platforms and remove blanket immunity for violations of laws related to online child pornography. He was honorably discharged with the rank of Sergeant in 1976. (Photo by Alex Wong/Getty Images). [90] He said, "Craigslist has the meansand moral obligationto stop the pimping and prostituting in plain sight. 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. 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. He faced Linda McMahon, a professional wrestling magnate, in the 2010 election, winning with 55% of the vote. In 2003, Blumenthal and the attorneys general of eight other states (New York, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, Rhode Island, and Vermont) filed a federal lawsuit against the Bush administration for "endangering air quality by gutting a critical component of the federal Clean Air Act. He is married to Cynthia Malkin, daughter of Manhattan real estate mogul Peter Malkin, and has an estimated net. And to enlisting in the United States Marine Corps Reserves in 1970. Besides properties in Manhattan, Malkin also owns a real estate company in Sao Paulo, Brazil. Markey, Warren question State Department refusal to fly rainbow flags at embassies during Pride month", "Booker, Ayanna Pressley introduce bill taking aim at black maternal death rates", "Senate Dems protest FCC plan for Internet 'fast lanes', "Dems slam FCC head for proposed limits to low-income internet program", "Wyden co-sponsors bill to boost rail safety", "Video Sports misconduct watchdog faces crisis of confidence", "Dem senator: 'I do not deeply respect and trust the Barr summary', "Mueller report provides new details on Manafort, Hicks", "Senate Dems call on DOJ watchdog to investigate Barr", "Dems introduce bill to tackle 'digital divide', "Cynthia Malkin, Richard Blumenthal's Wife: 5 Fast Facts You Need to Know", "Blumenthal's son rises fast in Stamford district", "Sen. Richard Blumenthal injured during basketball parade", "Voting Summary 1998 - for Attorney General", "Election Results for United States Senator (2016)", "2022 General Election - United States Senator", Computer Firm Owner Awarded $18Million In Countersuit Against State, Don't outlaw our stoves, Eastern Connecticut farmers urge, Attorney general: Burning wood outside pollutes air. Elizabeth Warren, Ed Markey urge FEMA and HUD to find long-term housing fix for Hurricane Maria survivors", "A FEMA program has sheltered thousands of Puerto Ricans since Hurricane Maria. According to Blumenthal, "Countrywide conned customers into loans that were clearly unaffordable and unsustainable, turning the American Dream of homeownership into a nightmare" and when consumers defaulted, "the company bullied them into workouts doomed to fail." Her grandfather, Lawrence Wien, was a prominent lawyer and philanthropist. The senators wrote that "FEMA's refusal to use the tools at its disposal, including DHAP, to help these survivors is puzzlingand profoundly troubling" and that hundreds of hurricane survivors were susceptible to being left homeless in the event that FEMA and HUD continued to not work together. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. "[64] The suits cost the schools involved $2.2 million in the first four months of litigation. Blumenthals wife files her federal tax returns separately. Richard Blumenthal (Democratic Party) is a member of the U.S. Senate from Connecticut. [195][196], In June 2019, Blumenthal was one of 18 senators to sign a letter to United States Secretary of State Mike Pompeo requesting an explanation of a State Department decision not to issue an official statement that year commemorating Pride Month or the annual cable outlining activities for embassies commemorating Pride Month. 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. [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. He initially worked in private law firms where he was made a partner. Attorney General Richard Blumenthal timeline. The Tomasso Group stopped bidding on state contracts to avoid a substantial legal challenge from Blumenthal under newly written compliance statutes. Blumenthal additionally introduced separate legislation with Representative Conor Lamb aimed to prohibit Amtrak from enforcing such clauses in its customer agreements. Senator Tammy Baldwin and Representative John Garamendi Introduce Reform to Strengthen Buy America Requirements for Federal Government", "Sen. Susan Collins joins effort to honor fallen journalists", https://www.baldwin.senate.gov/imo/media/doc/9.8.14%20Bicameral%20Letter%20to%20HHS%20on%20MSM%20Policies.pdf, "US. Richard Blumenthal, Attorney General, Connecticut Attorney General's Office. "Senator Richard Blumenthal must talk about his . Sen. John Cornyn of Texas, chairman of the National Republican Senatorial Committee, said Sunday on NBC's "Meet the Press" that "Mr. Blumenthal has damaged his reputation as somebody you could. Connecticut law requires the attorney general to both be the attorney for the state and investigate the state government's misdeeds, and the rules governing the office did not adequately address this inherent conflict of interest. He supports a national assault weapons ban and introduced such a ban in 2017 and 2023. [25] He later apologized to voters for remarks about his military service which he said had not been "clear or precise".[26]. [48], Blumenthal was involved in a series of lawsuits against associates of Connecticut Governor Rowland and the various entities of the Tomasso Group over Tomasso's bribing of state officials, including Rowland, in exchange for the awarding of lucrative state contracts. Sorry, Stanley - editorial (May 9, 2003). Blumenthal acquired his Juris Doctor from Yale Law School, where he was classmates with former President Bill Clinton and Hillary Clinton. 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." Statement of the Hon. [155], In April 2019, Blumenthal was one of 34 senators to sign a letter to Trump encouraging him "to listen to members of your own Administration and reverse a decision that will damage our national security and aggravate conditions inside Central America", asserting that Trump had "consistently expressed a flawed understanding of U.S. foreign assistance" since becoming president and that he was "personally undermining efforts to promote U.S. national security and economic prosperity" by preventing the use of Fiscal Year 2018 national security funding. [106] Later that day, President Barack Obama and Vice President Joe Biden called Blumenthal to express their best wishes.[107]. [38] The company paid the state of Connecticut $150,000 to settle the suit and agreed to end the advertising campaign. According to latest figures, the Democrat ranks in at number eight among the richest members of Congress, with an estimated net worth of $70.0 million in 2018. Brian Schatz, a bill cosponsor, said the legislation would "unlock each state's Medicaid program to anyone who wants it, giving people a high-quality, low-cost public health insurance option", and that its goal was "to make sure that every single American has comprehensive health care coverage. February 10, 2022. Some say it could be much higher. [122] In the general election, he defeated Leora Levy, who defeated former Connecticut House Minority Leader Themis Klarides in the Republican primary. I remember the taunts, the insults, sometimes even physical abuse. Senator AbrahamA. Ribicoff's staff as an Administrative Assistant (now known as Chief of Staff). HARTFORD, Conn. (AP) Connecticut U.S. Sen. Richard Blumenthal has $7.5 million in campaign cash and enviable name recognition after decades in public office, but Republicans in this Democratic-leaning state still see an opportunity to win a U.S. Senate seat after a roughly 30-year drought. Here are the 15 richest members currently serving in the House and Senate and where the wealth comes from, according to a 2018 analysis by Roll Call. The senators added that the FTC had the responsibility of protecting both consumers and workers and needed to "act decisively" to address their concerns over "serious anti-competitive harms from the proliferation of non-competes in the economy. [102] Blumenthal has said, "no reputable climate scientist disputes the reality of global warming. Exceptions to the bill's background check requirement included transfers between members of law enforcement, loaning firearms for either hunting or sporting events on a temporary basis, providing firearms as gifts to members of one's immediate family, firearms being transferred as part of an inheritance, or giving a firearm to another person temporarily for immediate self-defense. Blumenthal attended Riverdale Country School in the Riverdale section of the Bronx. He was also a classmate of future Supreme Court Justice Clarence Thomas and radio host Michael Medved. [115] The Cook Political Report changed its assessment of the race to Leans Democratic, making Blumenthal the favored candidate over McMahon.[116]. Her father is real estate mogul Peter Malkin. He was elected Attorney General of Connecticut in 1990 and served for 20 years. [162], In March 2017, Blumenthal co-sponsored the Israel Anti-Boycott Act (S.270), which made it a federal crime, punishable by a maximum sentence of 20 years imprisonment,[163] for Americans to encourage or participate in boycotts against Israel and Israeli settlements in the occupied Palestinian territories if protesting actions by the Israeli government.

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how did richard blumenthal make his money