According to a report by Axios, John Kerry, the United States Special Presidential Envoy for Climate, is stepping down from his role in the Biden administration.
Kerry's appointment was seen as a commitment by President Biden to address climate change more heavily than previous administrations.
During Kerry's term, one significant achievement was the approval of the loss and damage fund during COP27 in Egypt in 2022.
However, Kerry emphasizes that the fund is not about reparations or compensation, and the U.S. has committed only modest funding so far.
As of January 2024, John Kerry's estimated net worth is around $250 million, per wealthygorilla.com. According to reports, Kerry's financial success is the result of his diverse career.