Kenneth Roy Feinberg, most commonly known as Kenneth Feinberg, is a Famous American attorney.
When Netflix premiered the famous movie “Worth,” he gained popularity with the general public.
The movie is about the challenging experience faced by The September 11th Victim Compensation Fund (VCF). Kenneth Feinberg led it.
Kenneth Feinberg’s net worth is $40 million.
Read the whole article to learn more about Kenneth Feinberg net worth, early life, career, personal life and his role in The September 11th Victim Compensation Fund’s (VCF)
Kenneth Feinberg net worth
As of 2022, Kenneth Feinberg net worth is estimated to be $40 million. Kenneth is a renowned American attorney who has been a successful mediator. His financial resources come from his professional career of practising law.
Also, Feinberg holds adjunct professor positions at several law schools. They include Columbia University and the University of Pennsylvania.
Moreover, Kenneth owns a $1.66 million house in Bethesda, Maryland. Not only this, but he also has a $1.96 million-worth second vacation home in West Tisbury, Massachusetts.
Kenneth receives about $32,200 in income from his ownership in Strategic Settlement Advisros, Inc.
|Date of birth||October 23, 1956|
|Birthplace||Brockton, Massachusetts, United States|
|Net worth||$40 million|
Kenneth Feinberg early life
He was born in Brockton, Massachusetts, the United States. His date of birth is October 23, 1945.
Kenneth Feinberg studied at the University of Massachusetts where he graduated with a bachelor’s degree in history.
There was a short period in which he participated in theatre while in school and wanted to pursue an acting career. Instead, he went to New York University to get his J.D degree. He carried on Law Review’s Articles Editor tasks while still a student.
Kenneth Feinberg Career
On September 11, Feinberg was chosen to serve as the Special Master for the TARP Executive Compensation. He was also selected as the Special Master for the U.S. government’s Victim Assistance Fund.
In addition, Feinberg has assisted other significant global corporations, including General Motors and Volkswagen.
He has worked with Volkswagen to handle the brand’s payment of VW diesel owners. It was impacted by the Volkswagen emissions crisis in the United States.
Kenneth as a professor
Following are just a few of the renowned law schools where Kenneth holds a job as a professor:
- The Benjamin N. Cardozo School of Law
- Columbia University School of Law
- Georgetown University Law Center
- University of Pennsylvania Law School
- New York University School of Law
- University of Virginia School of Law
Feinberg’s supervision of high-profile cases is what made him famous, and it would persist throughout his career.
His most recent public case was the United Methodist Church case in 2019, in which he worked pro bono. In this case, he was appointed to resolve alternative dispute resolution between representatives of opposing church factions.
Kenneth Feinberg: Worth
After the Netflix film “Worth,” released on September 3, 2021, Kenneth Feinberg gained more notoriety. The Netflix movie Worth depicts the September 11 Victims Compensation Fund’s (VCF) struggles after the 9/11 attacks.
Washington was the focus of attention in the days after September 11, 2001. President Bush signed a law establishing the victim’s fund 12 days after the incident; while the scene was still blazing,
Senator Ted Kennedy appointed Feinberg as a mediation lawyer two months after the terrorist attacks. The goal was to assign a monetary value to the thousands of injured individuals and the 3,000 lives lost that day.
Nevertheless, he was able to distribute the funds based on the victim’s estimated lifetime earnings. It was, however, a difficult decision at the time. But he managed to create a formula for compensation based on present and future earnings.
The idea was to prevent wealthy financial leaders at brokerage businesses from receiving 85% of the funds. One such company was Cantor Fitzgerald, which lost more than 650 employees in the World Trade Center,
Only a Few people were in favour of Feinberg and he had problematic interactions with the victims’ families at town hall meetings. Many criticized him for his formula in a cold manner, he explained.
After years of debate, opposition, and arguments, Feinberg and his group decided on a $7 billion settlement. It was for more than 5000 families subject to the lawsuit.
Feinberg was interrogated by opponents and the families throughout the case. He was often called words and described as “aloof and arrogant.”
“What Is Life Worth?” by Feinberg was published in 2005. The 2020 Netflix smash hit “Worth” is based on this book which covers Feinberg’s narrative of the case.
Feinberg was raised in a working-class community south of Boston. Kenneth attended the University of Massachusetts Amherst. While studying, he developed a love for American history and theater. Among other roles, he performed the Duke of Venice in “Othello.”
He likes opera and classical music, and in an interview in 2001, he talked about how he got interested in acting. But his father, who owns a tyre shop, convinced him otherwise.
Outside of his successful career, Feinberg is a family man. Kenneth Feinberg wife is Diane Shaff. The couple has three children together and are currently living in Bethesda.
Diane was born to Marian and Shepard Shaff on January 21, 1949. She comes from a family based in New Jersey and New York.
Kenneth Feinberg and his wife, Diane Shaff, share a great relationship. He also is a grandfather to four grandchildren.
Feinberg comes from a caring and supportive family, which tells us about his family background. Since he is a private person, there is little to no information on his family on the internet.
Kenneth Feinberg net worth is estimated to be $40 million. He earns a good fortune from his prosperous career as a high-profile attorney, businessman, and author. Like most lawyers, he oozes confidence but is extremely down-to-earth and friendly.
In a recent interview with the Financial Times, Feinberg stated that he had no immediate plans to retire. Feinberg further said that he looks forward to continuing to help families in the future.