Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. McCaul's minimum net worth has more than sextupled since his first financial disclosure report covering 2004, when his minimum net worth hovered around $12 million. Obernolte did not report any liabilities or debts. He attended Trinity University and earned his. Dan Patrick on border security on Feb. 18, 2015. McCaul, chairman of the House Homeland Security Committee,is the fifth-richest member of Congress with a net worth of $113 million, according to Roll Call. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. Net worth: $200 million. This password will be used to sign into all, How the Richest Member of Congress Got That Way. The U.S. Is Choosing Child Labor Over More Immigration. Feinstein was also one of 52 members of Congress that violated the STOCK Act when she was late in disclosing a five-figure payment her husband made to a polling company directed at young people. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Sen. Mark Warner, Virginia, Democrat $93,534,098. Learn How rich is He in this year and how He spends money? That is the highest disclosure category. It's common for wealthy areas in Texas to use the most water. Discover Michael McCaul's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Even though she was present at both the Tate and LaBianca murders, because she was the key witness in District Attorney Vincent Bugliosi's prosecution of Charles . Michael McCaul Net worth Growth. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. Insider used these members' "candidate reports," some of which include financial data from 2021. The selection follows McCaul's recent publication of "A National Strategy to Win the War Against Islamist Terror", a compilation of more than 100 counterterrorism strategies and recommendations. Your California Privacy Rights / Privacy Policy. Rest assured, the point of this list is not to chastise anyone for their wealth, but rather to remindeveryone that the people writing our laws the ones passing budgets (or not passing them), deciding whether to extend unemployment benefits, debating raising the minimum wage, and overhauling the tax code are enjoying a very selective experience in our economy. In an era of intense political polarization in Washington, it seems that both parties in Congress can finally agree on at least one important thing: they're both richer than ever. The public employee retirement fund amount should have been in the thousands and not millions. Senate and House of Representatives earn $174,000 per year in salary, and many have lucrative investments in businesses, whether their own or through stocks or index funds. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. Here's five of the richest members of Congress a look at what some of the most notable politicians in the U.S. are worth with help from research performed by Celebrity Net Worth. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. How The 15 Richest Members Of Congress and Senate Made Their Money. Blumenthal's fortune is held almost entirely by his wife, Cynthia Malkin, with millions of dollars reported in various hedge funds, stocks, and real estate and property partnerships. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. Secondly, he's a big investor, with holdings in stocks, bonds, equity funds, LLCs, gold, and treasury funds; he's also put money behind various technology and healthcare companies, two industries with strong growth potential. Taking a closer look, the median net worth for the House was $896,000 (Democrats averaged 929,000 and Republicans 884,000), while the average Senator is sitting on roughly $2.5 million (Republicans averaged $2.9 million and Democrats $1.7 million). he 15 wealthiest members of Congress are worth a combined $1.3 billion. That trust generated more than $1 million in income last year. He also worked as a venture capitalist, investing in several technology and healthcare companies. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. He has committed himself to a number of civic endeavors and has received a number of awards which include Past Chairman of the Board of Regents, Texas A&M University; Past Chairman, United Way of San Antonio; Associate Board, Harvard Business School; Chairman, Joint Board of the National Association of Broadcasters, 1996; Distinguished Alumni, Texas A&M University; Member, Broadcasting & Cable Hall of Fame; International Citizen of the Year Award, San Antonio World Affairs Council, 1997; National Radio Award, National Association of Broadcasters, 1998; Member, Texas Business Hall of Fame, Inducted 1999; C.W. Recognizing the humanitarian crisis in Yemen, McCaul explained his belief that approving the resolution would "disrupt US security cooperation agreements with more than 100 countries.". Prior to his time in government, Warner ran Columbia Capital, a venture-capital firm, and telecom company Capital Cellular Corporation, both of which contributed to his wealth, alongside mutual funds, hedge funds, and private-equity funds. Phillips held more than $250,000 worth of Apple stock, at least $50,000 worth of Facebook stock, and over $1 million in the SPDR S&P 500 Trust ETF. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. DelBene and her husband reported at least $1.1 million worth of shares in her former company. Why young migrant workers are illegally filling a void in the job market. Not a single asset is listed as being in McCaul's name, they are all tied . as well as other partner offers and accept our. Manning also reported an ownership interest in Stonefield Cellars Winery in North Carolina. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. McCaul likewise added two trusts under the ownership of his dependent children, including one trust valued at $25 million to $50 million and another at $1 million to $5million. Right-wing board to clamp down on woke ideology in cartoons. Republicans are making their 2024 candidates promise to support eventual nominee. He has also reinvested a lot of his earnings and is married to Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. Matsui also might be the most relatable person on this list. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. Secondly, he's a big investor, with holdings in stocks, bonds, equity funds, LLCs, gold, and treasury funds; he's also put money behind various technology and healthcare companies, two industries with strong growth potential. 2023 BDG Media, Inc. All rights reserved. Access your favorite topics in a personalized feed while you're on the go. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. Actor. Khanna's father-in-law, Monte Ahuja, is also founder and CEO of the automotive transmission giant Transtar, another contributor to Rep. Khanna's substantial net worth. Jay is an heir to oil tycoon John D. Rockefeller. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Insider compiled members' annual disclosures filed this year, analyzing thousands of pages of documents to estimate the minimum and maximum net worth of members of the US Senate and the US House of Representatives, including nonvoting delegates. Submit a correction suggestion and help us fix it! Your donation keeps our trusted reporting free and accessible for all Texans and during a legislative session when lawmakers are set to tackle issues from school choice for K-12 students to school safety improvements to changes in property taxes, its critical that Texans know what lawmakers decisions mean for their futures. WASHINGTON U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015,according to anew list released by Roll Call. As a result, McCaul's reported net worth jumped from at least $73.75 million in 2009 to at least $294 million in 2010, according to Roll Call's prior assessments. in the general election held on November 6, 2018, McCaul won an eighth term in the House. For starters, he doesn't have any liabilities to report. He did this before he turned 40, which is when he turned his ambitions towards politics. Republican Rep. Michael McCaul of oil-rich Texas is Congress's biggest fossil fuel investor, owning between $8.2 million and $19.1 million worth of stock in oil, gas, and coal . The Washington Democrat and her husband both worked as executives at Microsoft. Alamu Tosin February 28, 2023. Trone is a relatively new member of Congress he assumed office in 2019. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. The sport desperately needs to change, no matter how loudly purists complain. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. In a December 2, 2016 Fox News op-ed, McCaul declared his intention to support legislation, in line with president-elect Donald Trump's proposals, to build a wall along the MexicoUnited States border, to secure the border, and have Mexico and other Latin American countries pay for these proposals. The company, now called iHeartMedia, is a $6.3 . Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. Michael McCaul's net worth He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. Notable stocks held by Hern and his family included more than $250,000 worth of Amazon, at least $100,000 worth of Alphabet, and more than $530,000 worth of Microsoft. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Due to this influx of spousal wealth, McCaul unseated last years richest member of Congress, John Kerry the John Kerry married to Teresa Heinz Kerry of the ketchup fortune. Scott did not list any liabilities or debts in his filings. She is married to Congressman Michael McCaul, who is serving his 6th term in the U.S. Congress and is Chairman of the Homeland Security Committee. And a chatbot is not a human. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. According to his report, that trust is invested in several other familypartnerships. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. Starting. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. Rose also owned at least $500,000 worth of stock in Citizens Bank and more than $100,000 worth of Alphabet stock, and he reported 100% ownership of Rose Farm, worth between $5 million and $25 million. The majority of Rep. McCaul's wealth comes from his wife, Linda McCaul, who is the daughter of Lowry Mays, the CEO and founder of Clear Channel Communications. Most of Buchanan's wealth comes from his Florida automotive empire. The city threw out a Democratic mayor for the first time in decades. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. Mark Warner (D-Va . Qualcomm is also her biggest campaign contributor at around $27,400 over her career as a Congress member. Congress membersthey're just like us! It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. He is a Rockefeller. McCaul, whose wife's father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. 2023 Celebrity Net Worth / All Rights Reserved. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. Minimum net worth: $305.46 million McCaul tops the list for the second year in a row with a reported minimum net worth that broke the $300 million mark. Michael Thomas McCaul Sr. (born January 14, 1962 in Dallas, Texas) is an American attorney and politician serving as the U.S. Representative for Texas's 10th congressional district , since 2005. Linda Mays McCaul is the daughter of Lowry Mays, one of the . Armie Hammer Biography- Wife, Batman & Net Worth. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. Other Central Texas lawmakers were ranked well below McCaul, Williams and Doggett: U.S. Rep. Lamar Smith, R-San Antonio, ranked 96th with $3 million net worth. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. It was a good move, as he eventually joined Bain & Company. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. Residents become desensitized to the cost and water their lawns as they choose. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. Upton's fortune mainly derives from an appliance company that his grandfather founded, Whirlpool, which the congressman reported holding at least $1 million of stock in. Though he attended law school and passed the Michigan bar exam, Romney chose a career in business. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. 2023 Vox Media, LLC. She is a newcomer to Congress, joining the ranks in 2021. The 15 wealthiest members of Congress are worth a combined $1.3 billion. Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. He and his family live in West Lake Hills, Texas, a wealthy suburb of Austin, Texas. Austin RepublicanMichael McCaul, one of the wealthiest members of Congress, used more city water than any other resident last year, according to the Austin American-Statesman. All rights reserved. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. His net worth has been growing significantly in 2021-2022. Now the . The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. His wife Linda is the daughter of Clear Channel founder Lowry Mays. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. Biden Dares Republicans to Go After Obamacare and Medicaid. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. Feinstein herself reported over $1 million in a deposit account, while a considerable portion of her wealth at least $25 million was held in a blind trust. His wealth comes from a diverse portfolio full of emerging growth and startup investments in Colorado and Japan, including a more than $1 million stake in Aquacopia, the world's only aquaculture venture capital firm. and Texas A&M University (M.S.). She attended the University of Miami (B.S.) About Michael Thomas McCaul, Sr. U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. In a statement, Mrvan said: "I am responsible for the actions of my office, and I take sole responsibility for the honest data entry error on my financial disclosure form. They have five children and reside in Austin, Texas. She helped the Army obtain environmental permits to destroy the chemical weapons stockpiled in the U.S.Linda is the daughter of Peggy and Lowry Mays. Warner currently holds stock in "Columbia Capital Equity Partners,"a Virginia based investment company. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. . His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. It has something to do with the miracle of having a very rich wife: The lions share of McCauls wealth is held by his wife, Linda McCaul, the daughter of Clear Channel Communications CEO and founder Lowry Mays, and his dramatic rise in net worth appears to be the product of generational wealthtransfer. Things you buy through our links may earn New York a commission. In short, they had lives before they joined the United States government in an official capacity. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Prepare to be gobsmacked. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. Before venturing into politics, the 3-term senator and former Virginia governor ran a venture-capital firm, Columbia Capital, and a telecom company, Capital Cellular Corporation. Since then, the state has allowed some residential water users to opt for confidentiality. The management consulting firm made him vice president the year after he joined, and a few years later, Romney started private equity firm Bain Capital. Norman was elected to Congress in a special election in 2017 after President Donald Trump appointed his predecessor, Mick Mulvaney, to be the director of the Office of Management and Budget. The bulk of Obernolte's fortune stems from his ownership of FarSight Studios, a video-game company in Big Bear Lake, California, that he launched in 1988. Michael McCaul Net Worth. His wife Linda is the daughter of Clear Channel founder Lowry Mays. And much of Romney's fortune is in Goldman Sachs mutual funds. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. One of Norman's IRA's is worth at least $5 million. He also has real estate holdings. Most of his fortune comes from his. He graduated from Jesuit College Preparatory School of Dallas and earned a Bachelor of Arts in history from San Antonio's Trinity University in 1984 and his Juris Doctor from St. Mary's University three years later. Linda McCaul is the daughter of Lowry Mays, the founder of the San Antonio-based Clear Channel Communications and its chairman until a stroke sidelined him in 2005. 13. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. Net Worth: $108 million How he got there: All of McCaul's assets are listed in the name of his wife Linda McCaul, the daughter of Clear Channel CEO founder Lowry Mays, or in the names of. Most of the fortune comes from his wife, Linda McCaul, the daughter . Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. 250 W. Nottingham Dr. Ste #400 | San Antonio, TX 78209 | (210) 832-3305, David E. Green | Managing Director | Email, Website by Texas Creative | Admin Login | Terms & Conditions | Contact Us. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. Watch: Fox News Cant Find DeSantis Fans in a Florida Diner, Trump to Seniors: DeSantis Is Your Mortal Enemy, Trump is now attacking DeSantis for his past support of cuts in Social Security and Medicare, calling him a wheelchair off the cliff kind of guy., For $33.09, You Can Hear Prince Harry Unpack His Trauma Again. The only assets that Pelosi reported owning or joint-owning were her home in Napa, California, and a Wells Fargo bank account containing less than $15,000. Here are the 15 richest members currently serving in the House and Senate and where the wealth comes from, according to a 2018 analysis by Roll Call. But before many of them arrive in government, they've made millions in the private sector. For starters, he doesn't have any liabilities to report. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. By Paul V. Fontelo and David Hawkings. In Highland Park in 2006, Harlan Crow poured more than 1.8 million gallons of water on his 7.7-acre property in one month. Senate and House of Representatives earn $174,000 per year in salary, and many have lucrative investments in businesses, whether their own or through stocks or index funds. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. And a linguist named Emily M. Bender is very worried what will happen when we forget this. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). Also learn how He earned most of networth at the age of 58 years old? Mura Holdings. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. Born in San Antonio, Texas, Mark and his wife Patti have six children. Randall led the creation of Clear Channel Entertainment and oversaw its spinout into the publicly traded company now known as Live Nation Entertainment (NYSE:LVY). The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. McCaul, chairman of the House Homeland Security Committee, is the fifth-richest member of Congress with a net worth of $113 million, according to Roll Call. Here are the richest members currently serving in the House and Senate, based on their reported net worth. He also started Directed Electronics, a company that creates theft deterrents, and is CEO of Greene Properties, a real estate investment company with holdings throughout San Diego North County. Congress membersthey're just like us! Kate Bedingfield, Bidens Translator, Leaves the White House. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. Williams also reported a stake in two aircraft-leasing companies. View popular celebrities life details, birth signs and real ages. The Key Moments From Alex Murdaughs Testimony and Murder Trial. Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. GOP members of Congress own as much as $60.4 million in fossil fuel stocks, while Democrats and an independent who caucuses with the Democrats own up to $32.3 million. Scott holds this spot for a few reasons. His district stretches from Austin to Houston. City to Pay Millions to Protesters Kettled by NYPD in 2020. Matsui also might be the most relatable person on this list. Insider removed him from the list when Mrvan acknowledged filing an incorrect personal financial disclosure that erroneously inflated the value of a retirement account by tens of millions of dollars. The congressman served for 18 years in Congress before briefly leaving and becoming President Donald Trump's nominee to head the US Trade and Development Agency. Tom Williams/CQ Roll Call. Brianna Stone. Now, he seems to make his money through the bond market he lists seven high yield bond investments as being worth more than $50 million on his financial statement. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal.
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