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. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. Here's a look at what it found for the Texans on the richest and poorest lists. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. Each member of Congress' wealth was calculated by subtracting the sum of their minimum reported liabilities from the sum of their minimum asset values. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. 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. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. Jay is an heir to oil tycoon John D. Rockefeller. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. Roger Williams $27.7 million. 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. 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. McCaul, a Republican and a perennial on the "rich list," has a net worth of $113 million, making him the fifth-wealthiest lawmaker of the 530 members of the U.S. House and U.S. Senate (there. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. The majority of Feinstein's wealth is from her husband, Richard Blum, according to her financial filings. According to his report, that trust is invested in several other familypartnerships. 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. He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. His dad and mom raised him in Palm Springs, CA. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). Congressman Jon Delaney is a self-made financier who founded HealthCare Financial Partners in 1993 and later CapitalSource of Chevy Chase, Md. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. 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. Collins was recently stripped of his committee assignments after being indicted for insider trading. Rep. Michael McCaul, Texas, Republican $125,880,292. Scott holds this spot for a few reasons. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. 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. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. The 15 wealthiest members of Congress are worth a combined $1.3 billion. His wife Linda is the daughter of Clear Channel founder Lowry Mays. 2023 BDG Media, Inc. All rights reserved. Senator John Kerry (D-MA). She is also a member of the U.S. Congressional Club. Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. Rep. Darrell Issa, California, Republican $115,850,012. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. In 2012, Highland Park residents used about three times as much water per day than the average Dallas resident, most of it for landscaping. McCaul's net worth increased from $20.9 million to $26.7 million in two years. 1 consumer of household water in the city for 2017. Linda and her 4 daughters are active members of the National Charity League. His district stretches from Austin to Houston. How The 15 Richest Members Of Congress and Senate Made Their Money. Her body was cremated and her cause of death was not revealed. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. 13. Born Michael Thomas McCaul on the 14th January 1962, in Dallas, Texas USA, he is a politician, a member of the Republican Party, and best known to the world as It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. The Senator was also Massachusetts's governor from 2003 to 2007. McCaul won re-election again in 2008, against Democratic candidate Larry Joe Doherty and Libertarian candidate Matt Finkel by a 54 to 43 percent margin. 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. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. For starters, he doesn't have any liabilities to report. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. DelBene and her husband reported at least $1.1 million worth of shares in her former company. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. So, who's got the highest net worth in the House and Senate? Malkin is the daughter of real estate mogul Peter Malkin. Not a single asset is listed as being in McCaul's name, they are all tied . Roughly one in ten of the 535 members of the House and Senate rank among the nation's top one percent in terms of personalnet worth. 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. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. And a linguist named Emily M. Bender is very worried what will happen when we forget this. His wife Linda is the daughter of Clear Channel founder Lowry Mays. By clicking Sign up, you agree to receive marketing emails from Insider On December 18, 2019, McCaul voted against both articles of impeachment against Trump. She is the only woman in US history, as of this writing, to serve as Speaker of the House. And much of Romney's fortune is in Goldman Sachs mutual funds. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? 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. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. The sport desperately needs to change, no matter how loudly purists complain. 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 . How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. 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. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. 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. Double your gift when you give by 6 p.m. Thursday. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. The city threw out a Democratic mayor for the first time in decades. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. 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. The Brutal Layoffs at Twitter Just Keep Coming. *Sorry, there was a problem signing you up. . Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. His biggest investments are in Vanguard funds. Here are the richest members currently serving in the House and Senate, based on their reported net worth. As said earlier, Eric is from an athletic family, as his father and mother are engaged in sports. Trump made the same pledge in 2016, then said he wouldnt honor it. These five members' negative estimated wealth stemmed from high-priced mortgages: Editor's note: Rep. Frank Mrvan, a Democrat from Indiana, originally appeared among the 25 wealthiest members of Congress. Darrell Issa founded Directed Electronics, based in Vista, California. Prince Harry is doing a livestream Q&A for anyone who missed his two Oprah interviews, his six-hour Netflix documentary, and his book, The Surprisingly Contrarian Case Against Lying About Science. The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. 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). A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. McCaul did not list any liabilities or debts in his financial disclosure. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. Buchanan recently came under fire for purchasing a yacht estimated to be valued between $1-5 million dollars the same day he voted for the Republican tax cuts bill in 2017. Rep. Doris Matsui, California, Democrat $73,872,062. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. In July, Phillips placed his assets in a qualified blind trust approved by the House Committee on Ethics, meaning he'll retain little control over his assets while he's a member of Congress. Sen. Dianne Feinstein, California, Democrat $96,518,036. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). 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. U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. He also has real estate holdings.
