How Much Could The McCains Make From Anheuser-Busch Co. Sale?

As the Wall Street Journal reported today, the McCains stand to receive a "huge payout" should they cash out in the aftermath of today's sale of Anheuser-Busch Co., the makers of Budweiser beer:

McCain, the heiress to the third-largest Anheuser distributor, owns at a minimum $1 million in the American company, according to John McCain's Senate financial disclosure forms, which don't offer any more information for large assets held by his spouse. Under the deal, she and other stockholders will get a cash payout for the stock, which is owned through her company, Hensley and Co.

But how huge a payout? Despite the limited amount of financial disclosure provided thus far, there are some other clues.

In 2006, Cindy McCain reported $283,240 in earnings from ordinary dividends on her tax return, separate from capital gains.

According to AOL, Anheuser-Busch awarded $1.13 in dividends per share over the course of that same tax year. Assuming, for the purpose of this exercise, that all of Mrs. McCain's ordinary dividend income came from Anheuser-Busch stock in 2006. Based on her tax return, that would mean she held 250,654 shares of the company.

Again, assuming she sold off no stock in the interim -- and that she didn't buy up any more after rumors of the company's sale started to spread -- we can get a rough idea of what the company's sale could be worth to the McCain family. Drum roll ...

If Cindy were to sell off the 2006-era number of shares, as estimated above, at today's $70 price, she would make $17,545,780.

Comments

[KOBISKING]

Hey, if she can obtain a 100 mil, let her get it. I'm not a McCain supporter; however can't knock someone's success!

[gcallaghan]

Hey, this windfall can be used to pay those delinquent tax bills

[1stThron]

Germany is going to give Barry Obama a great welcome, not because he is anything special but because he may be leading a country that has the greatest military, greatest companies, greatest universities and greatest government in the World. We have all these greats and one of the by-products is people like Cindy McCain whose family took a risk and there are rewards.

Remember, Jesse Jackson's family was also "given" a Anheuser-Bush distributorship and they will be cashing in. I would assume that the Obama family would also like to put their daughters in the same position as Cindy McCain. Let's not demonize some else's good fortune unless we learn that it was earned through extortion or some other low life act.

[lee4]

Google: Kemper Marley

[lee4]

Google: Kemper Marley

[Bettysdad]

Anytime someone calls him "Barry" we know the rest of the post is worthless.

Thanks, it saves time.

[Grannysue]

Well at least poor Cindy will have enough to pay off her AMEX bill and do some more shopping, poor thing, whatever will she do with all that time on her hands after the elction when her and the old fart return to one of their seven homes!

[Freemind42]

and it's the Obamas who are elitists....explain that to me please.

[UnbiasView]

Elitism isn't how much money you have but how you act.

Bill Gates is filthy rich and he never has acted above anyone.

[1differentdrummer]

And your point is?

[mortrefuge]

Bill Gates is a self-made billionaire. Obama is a self made millionaire. Bush inherited his wealth and all of his business connections. McCain is the son and grandson of Admirals and married his way into vast wealth (leaving a crippled wife and 3 children to do so). So he's not an elitist. He's royalty. First there was King George. Now we have King John.

[Bettysdad]

And you know this because Gates' public image is one of wearing a sweater and traveling around in a van?

[nanapat]

now Cindy can go back to her favorite auction in Scottsdale the Barrett-Jackson Collector Car auction and buy another car or two..

[THISTLE]

It's her money, she can do anything she wants with it, unlike Michelle Obama, Mrs. McCain
helps the poor, the disadvantaged. For years and years, Mrs. McCain helped the poor, the
disadvantaged, she also went overseas to help. What has Michelle Obama ever done to help
anyone? NOTHING - ZERO.
Mrs. McCain is an elegant lovely woman who would make us proud, if she were First Lady.
We can't say the same for the very ambitious, very angry and very jealous - Michelle Obama.

[nanapat]

sounds like a little bit of discrimination in your word's

[SENCvoter]

You forget that Cindy McCain was born into a privileged world. She didn't have to lift a finger for her money. Michelle Obama had to earn her way. While Cindy McCain played with her money, Michelle Obama built a life for herself and her family. This is a no brainer for me. Michelle Obama gets my respect.

[Bettysdad]

Cindy has never even do so much as apply for job.

[THISTLE]

Mrs. Mc Cain can do anything she wants with HER money, unlike Michelle Obama, Cindy McCain
has helped the poor, the disadvantaged her entire life. She has worked for decades helping the
poor, the sick, and especially disadvantaged children - both here in the United States and overseas.
Michelle Obama has never done a thing for anyone - nothing - zero. She has done nothing.
Mrs. McCain would make an outstanding First Lady - she is elegant, lovely, intellgent, witty,
very caring and she would make us proud. Michelle Obama is an very angry, very very ambitious
woman. Her husband looks terrified, when she sits next to him, and it's clear who wears the
pants and who desperately wants to get into the White House - and that would be Obama's
wife.

[1differentdrummer]

As seen through a glass darkly. Where do you get this tripe?

[BARRISTER]

Dont forget the "Michael Jackson: type plastic surgery she has gotten Thistle!!

[felixtkatz]

Attend public school Thistle? Graduate?

[Bettysdad]

Cindy was a drug addict, stole from her own charity, and was investigated by the DEA.

Michelle is an administrator at the University of Chicago Health System, which is the dominant provider for the poor.

[rudiy]

Interesting but to the writers who are aghast and appalled, grow up and be fair. Cindy McCain was fortunate to be born to a wealthy family. On the other hand Teresa Heinz Kerry inherited her money. Should they have both refused the money? Would that make the writers happy? However, I bet none of those writing would.

[paulbikes]

Should read up on how Cindy's father got the company in the first place.

[Grunty1]

But but, Mc'Cain said he would veto the beers!!

[helonias]

Just rewards for the folks not getting into the kingdom of heaven

[southafrica4obama]

I won't be comfortable having a wife worth more than me. Don't hate.

[persisxx]

You know, all this talk solely about Cindy McCain being rich (and snotty) is just pandering to our worst stereotypes and prejudices. What's wrong with being rich? Wealth is not a sin. It's how you use it that counts. How many rich snotty people do you know that have not one but TWO sons in active service, one in a war zone? Or who, in addition to children of their own, choose to adopt a kid from a third world country?

As for all this talk about the McCains and their private plane, listen, you should be admiring this woman for getting her own license instead of doing the easy thing and retaining a pilot. Plus, have you ever tried making engagements at two ends of Arizona within the hour by car?

[UnbiasView]

Wealth is only a sin to liberals that don't have the kind of money so they have class envy.

[Bettysdad]

We liberals have absolutely no problem with wealth, as so many of us are quite wealthy.

Our question is how that wealth was acquired.

Republicans value money at any cost.

We have a few criteria.

[OhComeOnNow]

Bet his approval rating just went down in Missouri...

Private plane is the only way to get around in AZ? Wow, the air traffic controllers must be seriously overworked in that airspace with EVERYONE zipping around in their planes...

[nanapat]

and back parking must be a bummer..

[mydoglucky]

Ok, the thing to do with your airplane is get those thingies that help you park. They warn you when you're to close to the other planes. :)
I live in the Phx area and there is actually an airstrip with hangers next to condos. It's near Desert Mountain. Now that is some SERIOUS money.....

[KSH]

I guess now Cindy McCain will know what it feels like to be Teresa Heinz-Kerry.

[rwe]

And where is the article about Jesse Jackson sr's sons who own one fo the largest Bud distributorships in Illinois? They also got it by DADDY playing the race card and extorting AB ...

[uvymopkq]

A very slooooow day.
But it does show that McCain know more about the economy than he tells!
Has Obama ever made any money that was not from tax placed on the backs of the American people?

[Bettysdad]

Uh, he taught at a major PRIVATE university, and wrote two PRIVATELY published, best-selling books. The books the source of the majority of his assets.

Anything else I can help you out with?