ASHINGTON - The victor in this fall's Senate election will be a member in good standing of the ''millionaire's club,'' the US Senate's nickname, as both incumbent Senator Edward M. Kennedy and Republican challenger Jack E. Robinson reported millions of dollars in assets on financial-disclosure forms yesterday.
Kennedy listed several trusts, with a total value of between $2 million and $7 million, as his major assets. He also reported interests in a number of Kennedy family holdings, and $350,000 to $750,000 in real estate in Boston and Lafayette, La., the home state of his wife, Victoria.
Kennedy reported sales of between $500,000 and $1 million each in shares of the Fidelity Massachusetts Municipal Income Fund, and the Scudder Massachusetts Tax Free Fund. Senators and candidates are required to list their holdings and transactions in broad categories, not in specific amounts.
Robinson's major asset was his stock in Paradise Communications Inc., a cellular phone company that serves the Bahamas and other Caribbean islands, with an estimated value of between $5 million and $25 million. He reported $557,272 in income from his work for the firm, and listed between $1 million and $5 million of real estate in Florida, Texas, Massachusetts, and the Bahamas.
Though wealthy by any definition, neither Kennedy nor Robinson approached the hundreds of millions of dollars in assets listed by Teresa Heinz, the wife of Senator John F. Kerry and the widow of an heir to the Heinz food fortune.
Her fortune is generally estimated to be between $600 million and $700 million. The listings of her holdings, in small type, filled 33 pages. The various Heinz trusts and funds bought and sold millions of dollars of industrial and municipal bonds, stocks, foreign currency, and venture capital funds in 1999.
Elsewhere in New England, Senator Lincoln Chafee, Republican of Rhode Island, listed more than $50 million in assets held by him and his wife, including more than $1 million in stock in each of MediaOne Group and A.H. Belo media corporations, and Dell, Compaq, and Apple computer companies. His Democratic colleague, Jack Reed, reported holdings of around $500,000.
In Maine, Senator Olympia Snowe, a Republican, and her husband, former governor John R. McKernan, reported assets worth more than $1 million, including investments in several home state industries. Senator Susan Collins, also a Republican, reported assets from $145,000 to $350,000 in various savings and investment accounts.
New Hampshire Senator Bob Smith, a Republican, reported assets between $19,000 and $110,000, including stock in Pancho's Mexican Buffet, as well as 250 undeveloped acres in Wolfeboro, N.H., valued at between $250,000 and $500,000. He also listed a 12.9 percent loan from the US Senate credit union of between $15,000 and $50,000.
Senator Judd Gregg, Republican of New Hampshire, listed more than $2 million in assets, including a $1 million to $5 million investment in Fleet Financial stock and savings.
Senator James Jeffords, Republican of Vermont, reported holdings, mostly in real estate, worth between $500,000 and $1 million, with mortgages of between $380,000 and $800,000. Senator Patrick Leahy, Democrat of Vermont, listed assets of between $35,000 and $175,000.
Senator Chris Dodd, Democrat of Connecticut, reported a one-third interest in a cottage in County Galway, Ireland, worth between $50,000 and $100,000, and between $107,000 and $355,000 in savings funds.
Senator Joseph Lieberman, Democrat of Connecticut, listed a blind trust worth more than $100,000 and savings accounts of between $15,000 and $50,000. His wife owns small amounts of stock in two television networks - CBS and Fox - that Lieberman has criticized for having sexually explicit or violent programming.
