Well, he’s California Senator Dianne Feinstein’s mega-rich hubby, that’s who he is. A guy who flies well below the radar as he piles up obscene amounts of wealth, in part because he’s married to, well, California senator Dianne Feinstein:
The US Postal Service plans to sell 56 buildings — so it can lease space more expensively — and the real estate company of the California senator’s husband, Richard Blum, is set to pocket about $1 billion in commissions. Blum’s company, CBRE, was selected in March 2011 as the sole real estate agent on sales expected to fetch $19 billion. Most voters didn’t notice that Blum is a member of CBRE’s board and served as chairman from 2001 to 2014.
This feat of federal spousal support was ignored by the media after Feinstein’s office said the senator, whose wealth is pegged at $70 million, had nothing to do with the USPS decisions.
You can read more about the amazing Mr. Blum’s remarkable business acumen here. And, of course, this isn’t the first time her nearly invisible husband has caused Feinstein some embarrassment:
Sen. Dianne Feinstein, D-Calif., has abruptly walked away from her responsibilities with the Senate Military Construction Appropriations Subcommittee after a report linked her votes to the financial well-being of her husband’s companies, which received billions of dollars worth of military construction contracts she approved.
As reported in Metroactive, an online report from the Silicon Valley, Feinstein’s resignation followed six years of subcommittee work during which time her alleged conflict of interest stemmed from her husband Richard C. Blum’s ownership of Perini Corp. and URS Corp.
Feinstein, chairman and ranking member of the subcommittee, regularly reviewed and accepted contracts from her husband’s companies for not only construction work for military bases, but also addressing “quality of life” issues for the veterans of the United States military services.
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