Senator Dianne Feinstein’s death leaves her daughters wrangling over breathtaking $102MILLION property fortune and $62M private jet she used to visit her mansions
Dianne Feinstein’s daughter and three stepdaughters will inherit the late senator’s $102 million real estate portfolio, as well as her $62 million private jet.
The California congressman, who died in DC on Friday at the age of 90, leaves behind an Italian mansion with sweeping views of San Francisco Bay that is worth $21 million.
Democrat Feinstein – whose vast wealth raised eyebrows – died at a Washington DC mansion she owned that was worth $7.4 million.
She also owned a $5 million Hawaii duplex, a $7.5 million beach house in Marin County, California and a $62 million Gulfstream G650 jet that she used to shuttle between her real estate empire.
Feinstein’s already sizable coffers have been further boosted in recent years by the sale of two other enviable homes: an Aspen ranch that sold for $25 million last year, and a Lake Tahoe estate that sold for $36 million . It is also believed that she had around $70 million cash in the bank.
Much of her wealth comes from her second husband, billionaire Richard Blum, the financier and founder of investment firm Blum Capital Partners, who died in February 2022. Feinstein has one daughter, Katherine, and three stepdaughters with her late husband.
But the portfolio, estimated to be worth more than $160 million, is now the subject of a tense dispute between the couple’s descendants, the newspaper said. New York Post.
Feinstein’s San Francisco home was built in 1917 and looms large over the picturesque Bay Area, with an estimated value of $21 million.
Following her husband’s death in 2022, Feinstein sold her sprawling 36-acre Bear Paw ranch in Aspen, Colorado, for $25 million.
The longtime lawmaker flew among her lavish properties in a Gulfstream G65 private jet (seen in a stock photo), which cost more than $61 million second-hand
Much of Feinstein’s considerable wealth was fueled by her political influence and her marriage to financier Richard Blum (pictured together)
An ugly lawsuit over the cluster of mansions has already erupted after Feinstein’s daughter and power of attorney Katherine sued the marital property estate in which the senator and Blum held much of their property and bank accounts.
After Blum died of cancer last year at age 86, Feinstein inherited an annual income of $1 million through his trust, which was kept separate from the marital trust.
After Feinstein’s death, her daughter Katherine, a San Francisco judge, will share the couple’s sprawling estate with Blum’s three daughters Annette Blum, Heidi Blum Riley and Eileen Blum Bourgarde.
How they divide the portfolio remains to be seen – with the couple’s San Francisco home likely to be the biggest bone of contention as one of the most expensive properties up for grabs.
Built in 1917, the opulent home is a striking mansion on the city’s iconic Lyon Steps with panoramic views of San Francisco Bay.
The home, valued at $21 million, is nearly three times as valuable as her DC apartment in the upscale American University Park neighborhood, appraised at $7.4 million.
It was built in 1936 and features beautifully landscaped gardens, including a pool house and guest house. Feinstein bought the house in 2001, nine years after she first entered the Senate, for $5.1 million.
Feinstein’s mansion in San Francisco is located on the iconic Lyon Steps
After the trailblazing senator’s death, bouquets of flowers were left outside her San Francisco mansion
The senator died with a personal fortune of nearly $70 million, helped by the sale of her Aspen ranch last year
The beautiful 36-acre, seven-bedroom Colorado estate offers sweeping mountain views and vast forests
However, the DC home was not part of the marital trust between Feinstein and Blum and would reportedly go to her daughter Katherine.
Splitting her time between the East and West Coasts, Feinstein and Blum had it easier than most thanks to their G650 private jet, which according to used books is worth a whopping $61 million. Airplane cost calculator.
Although Feinstein was known for leading a lavish lifestyle that was not always available to officials in Washington, she rented out her Hawaii duplex in Kauai for an extra financial boost.
The Hawaii condo, valued at $5 million, was rented by the longtime lawmaker next to another tropical paradise in Stinson Beach, California.
Her west coast getaway in Marin County rivaled her San Francisco Bay view with a view of the Bolinas Lagoon, and helped boost her hefty portfolio’s $7.5 million valuation.
Feinstein’s daughter has claimed the senator wanted to sell the Stinson Beach estate after Blum’s death, saying she would never visit it without him, making the house a flashpoint in the portfolio battle.
Katherine sued the marital trust earlier this year, claiming Blum’s daughters purposefully blocked the sale so they could continue using it.
A point of contention in the family portfolio dispute is a $7.5 million home in Stinson Beach, California, that Feinstein’s daughter claims she wants to sell after her husband’s death.
She has also claimed that the delay in selling the house left money in limbo that would have gone to medical expenses, according to the LA times.
Earlier this month, a judge ordered the case to be resolved through private mediation, likely extending the warring sides’ case into next year.
According to a study by PoliticsIt seemed that the legal battle was being waged almost entirely separately from Feinstein as she struggled with ill health in her final years.
While the properties left behind could become a hostile focal point for Feinstein’s children, this is because the portfolio was downsized by the senator when she sold two of her mansions in the final years of her life.
After her husband’s death in 2022, Feinstein sold her sprawling Bear Ranch home in Aspen, Colorado for $25 million.
The enormous 36-acre mansion offered stunning mountain views, vast forests and seven bedrooms.
She was also able to offload another seven-bedroom behemoth in Lake Tahoe, California, which was snapped up for a striking $36 million – $10 million less than it was originally listed for.
The marital trust also included Feinstein and Blum’s extensive bank accounts, which reportedly held funds in the region of $6 million to $30 million.
Feinstein and Blum are pictured above celebrating their engagement with champagne
Feinstein and Blum are pictured above in 1992 celebrating her Senate victory
According to the Post, Feinstein also kept up to $25 million in a blind trust, in addition to a pension worth up to $1 million.
Although she has built a reputation as one of the smartest political actors in the Capitol, much of Feinstein’s financial power comes from Blum.
He invested significant sums in her early political career, including helping her finance a campaign to defeat the 1983 recall election, when she was San Francisco’s first female mayor.
Blum reportedly helped her raise $400,000 for the effort, and also injected $3 million into her failed bid to become governor of California in 1990.