How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. Things you buy through our links may earn New York a commission. Obernolte did not report any liabilities or debts. All rights reserved. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. Greg Abbott and Lt. Gov. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. Submit a correction suggestion and help us fix it! Senator John Kerry (D-MA). These are the 10 RichestMembers of Congress: Representative DelBene saw her wealth increase in the past year when the price of the stock she and her husband Kurt held in Microsoft rose substantially. Insider's calculations are conservative estimates based on the minimum values disclosed by members. Rep. Lucille Roybal-Allard, a Democrat from California: -$1,008,000, Rep. Steven Horsford, a Democrat from Nevada: -$1,047,992, Sen. Cynthia Lummis, a Republican from Wyoming: -$1,401,991, Sen. Tammy Duckworth, a Democrat from Illinois: -$1,877,936, Rep. August Pfluger, a Republican from Texas: -$2,000,002. Doggetts wealth struck Roll Call as unusual given that hes been a public servant most of his career, serving in the Legislature and on the Texas Supreme Court before being elected to Congress in 1994. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. Access your favorite topics in a personalized feed while you're on the go. Republican Rep. Michael McCaul of Texas made his way to being the number two wealthiest member of Congress through his wife, Linda McCaul, who is the daughter of radio and communications giant Lowry Mays. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. 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. 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. Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. By clicking Sign up, you agree to receive marketing emails from Insider A member of the House of Representatives Financial Services Committee, Trey Hollingsworth also serves on multiple subcommittees focused on investor protection and diversity and inclusion. Mr. Mays, Founder and Chairman Emeritus of Clear Channel Communications, served on the Board of Regents of Texas A&M University, where the Mays School of Business bears his name. Both of those businesses played a major part in his massive wealth. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? He is a Rockefeller. The Californians have been booted from Frogmore Cottage because the king (or the character invented by the U.K. press) has had enough of their abuse. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. Some of them made crazy money. Collins was recently stripped of his committee assignments after being indicted for insider trading. But before many of them arrive in government, they've made millions in the private sector. . Not a single asset is listed as being in McCaul's name, they are all tied . The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. He is a cofounder of Penny's Coffee, a Minnesota-based coffee shop chain, a former chairman for Talenti Gelato, and the former CEO of Phillips Distilling Company. 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. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. Discover Michael McCaul's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. That trust generated more than $1 million in income last year. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. According to authoritative sources, it has been estimated that McCaul's net worth is as high as $305.46 million, an amount earned through his successful career as a politician, and as an attorney, and federal prosecutor, which also improved his wealth. Mark Warner (D-Va . 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. We have estimated 5. 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. Dan Patrick on border security on Feb. 18, 2015. As a result, the figures are rough estimates of a members net worth. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. 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. Net Worth in 2022: $300 Million: Net Worth in 2021: $275 Million: Net Worth in 2020: $250 Million: Net Worth in 2019: $225 Million: Net Worth in 2018: . Republicans are making their 2024 candidates promise to support eventual nominee. Michael McCaul also doesn't have any liabilities or debts in his financial disclosure, but a large portion of his wealth comes from his wife. His district stretches from Austin to Houston. 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. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. He and his family live in West Lake Hills, Texas, a wealthy suburb of Austin, Texas. Insider used these members' "candidate reports," some of which include financial data from 2021. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. They've been someone or done something that caught the eye of their party's leaders. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. Linda Kasabian net worth . Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Amplify your impact and donate now. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. All rights reserved. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. How he got there:Roll Call writes that "amassive arbitration award exceeding $1 million against Hinojosa from a failed food business along with tens of thousands of dollars of unpaid tax bills for that business" put Hinojosa as the sixth-poorest member. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. In 2012, Highland Park residents used about three times as much water per day than the average Dallas resident, most of it for landscaping. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. Williams, also a Republican, ranks 22nd overall and second among the Texas lawmakers with a net worth of $27.7 million and Doggett, a Democrat, is 36th overall and the third-wealthiest Texas member of Congress with an estimated net worth of $13.1 million. 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. Darrell Issa only started serving in his current district (California's 50th congressional district) in 2021, but he first became a member of the House of Representatives in 2001. How The 15 Richest Members Of Congress and Senate Made Their Money. Williams' wealth is primarily split among mutual funds, a few select stocks, real property, and the ownership of several car dealerships in Texas worth more than $5 million. City to Pay Millions to Protesters Kettled by NYPD in 2020. Senator John Kerry. Sen. Mark Warner, Virginia, Democrat $93,534,098. In December 2016, the House Republican Conference voted to appoint McCaul for a third term as the chairman of the House Committee on Homeland Security Committee. In 2005, he received Radio Ink's Lifetime Leadership Award. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. Rep. Nancy Pelosi, California, Democrat $120,000,000. Her body was cremated and her cause of death was not revealed. 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. DelBene and her husband reported at least $1.1 million worth of shares in her former company. In addition, she is married to Blum Capital president and chairman Richard Blum. Access your favorite topics in a personalized feed while you're on the go. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Now the largest owner of radio stations in the country, it has become iHeartCommunications since the Mays family sold much of its stake in a leveraged buyout a decade ago, said the Roll Call report. , money, salary, income, and assets. McCaul's net worth increased from $20.9 million to $26.7 million in two years. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. Insider's analysis does not include four members of Congress whose disclosures were uniquely complicated and lengthy, comprising hundreds of pages of handwritten or scanned documents: Reps. Ro Khanna of California, Vicente Gonzalez of Texas, Kurt Schrader of Oregon, and Harold Rogers of Kentucky. They then sold it off for at least $2.5 million. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. 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. Trump made the same pledge in 2016, then said he wouldnt honor it. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. But these politicians' net worths have little in common with the typical financial situation of American families. The congressional money list is in and Texas can once again claim some high rollers, or at least high earners, with the wealthiest members of Congress from the Lone Star State topped by three Austin members: Michael McCaul, Roger Williams and Lloyd Doggett. McCaul did not list any liabilities or debts in his financial disclosure. His net worth has been growing significantly in 2021-2022. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. Rep. Michael McCaul, R-Texas. 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. They have five children and reside in Austin, Texas. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. The lawyer and former federal. According to his report, that trust is invested in several other familypartnerships. Rep. Roger Williams (R-Texas). Running for Congress costs cash money. Some who have paid the price in Dallas include former Texas Rangers and Dallas Stars owner Tom Hicks, who led the citys list in 2011. Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. Michael McCaul (R-Texas), Net worth: $143 million . His wife Linda is the daughter of Clear Channel founder Lowry Mays. The U.S. Is Choosing Child Labor Over More Immigration. The majority of Feinstein's wealth is from her husband, Richard Blum, according to her financial filings. So, who's got the highest net worth in the House and Senate? 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. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. The McCauls have made the top 10 list for water usage several times, the Statesman reported. The former environmental attorney from San Diego made millions as an environmental attorney in the 1990s, representing government agencies and businesses in regulatory disputes, as well as from shrewd investments. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. All Rights Reserved. Hollingsworth's wealth primarily comes from his involvement with Hollingsworth Capital Partners, a Tennessee group that builds and markets industrial facilities in 17 states, according to his financial disclosure. Armie Hammer Biography- Wife, Batman & Net Worth. The sport desperately needs to change, no matter how loudly purists complain. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. Three newer members of Congress Reps. Though he attended law school and passed the Michigan bar exam, Romney chose a career in business. 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). 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. 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.". Trone's wealth is divvied up among mutual funds, exchange-traded funds, and ownership of several shops across the country specializing in wine, beer, and spirits: Total Wine & More. By Kira December 27, 2020 April 8, 2021. Mark has been recognized for his community involvement including receiving the 2005 Spirit of Life Honoree from City of Hope. He also worked as a venture capitalist, investing in several technology and healthcare companies. Warner has also been a venture capitalist. It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. Even as the economy sputtered in 2010, Texas congressman Michael McCaul saw his net worth skyrocket to $292.21 million 300 percent over where it stood in 2009 vaulting him to the top of Roll Calls annual list of the wealthiest members of Congress. Matsui also might be the most relatable person on this list. The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. At one point Clear Channel owned over 1,200 Radio Stations, over 600,000 outdoor advertising displays, and various Television Stations and Live Event venues which operated in 65 countries and generated over $8 Billion in Revenue. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. Lawmakers are not required to disclose certain classes of personal assets, such as the value of their personal residence, so these assets are not included in Insider's calculations.
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