A Kennedy family business could be in the next administration, as the president has begun laying the groundwork to establish a business and government entity focused on promoting the family’s interests in the U.S. and abroad.
Kennedy Family Business, which is owned by John Kennedy, has been around for decades, having been incorporated in Illinois in 1956, according to the company’s website.
The company has been a major source of Kennedy family wealth, with assets worth $9 million in the past decade alone, according a 2015 analysis by Bloomberg.
A spokesperson for the family did not immediately respond to ABC News’ request for comment.
Kenny Glazer, a former partner at the law firm Perkins Coie who has also worked with the Kennedy family, said the potential move into the administration could bring new challenges to the family business.
Glazer told ABC News in an interview in December that the president could create an “agency of interest” for the Kennedys, which could include “national security” issues, a potentially lucrative government contract, or an opportunity to build a private sector presence.
Glazier said the president’s efforts to tap into his business experience could benefit the country as a whole, as he could leverage the business into more meaningful connections with people who need the support.
Glaze told ABCNews.com in a statement that Kennedy’s recent move into government is “not a reflection of the family.”
“I think the idea that this administration is going to start a new family business is a little far-fetched,” Glaze said.
“They could be looking at it as a way to do something different for the country.”
Glazer added that Kennedy would have a lot of “time to think” about what his options are, as this is not his first foray into the private sector.
“The president is going through some tough times, and he has had to deal with the reality that he is not going to get to a point where he wants to be a president that is going around, ‘I’m going to be the president that everyone says is going,'” Glaze added.
The Kennedy family has been the most visible presence on Capitol Hill during the Trump administration, and they have been pushing for a “big tent” approach to government.
The family has lobbied for the inclusion of LGBTQ rights in the American Humanist Association’s “A Day Without Us” observance.
Kenneth M. Daley, the first African-American president of the United States, also pushed for a large-scale infrastructure program to rebuild infrastructure in the face of the economic downturn, and the Kennedy Foundation has spent millions on scholarships for college students across the country to help them graduate.
The president has also been a vocal advocate for women’s rights and gender equality, but Glaze told the New York Times that he would not be interested in “putting his name on things that he doesn’t agree with.”
“He has a huge amount of energy and a huge passion for the issues,” Glazer said.