He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. DeSantis Promises Florida Will Control Disney Content. His biggest investments are in Vanguard funds. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. About Michael Thomas McCaul, Sr. 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. After graduating from Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. So, who's got the highest net worth in the House and Senate? That is the highest disclosure category. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. Terms of Service apply. 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. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. With a net worth of $19.5 billion, as well as being the richest politician in America he . McCaul said that the bill was "an important step toward addressing the cyber threat." Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. 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. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. Rep. Trey Hollingsworth is only 34 years old, but the Indiana Republican has a sizable fortune from his father, the founder of Hollingsworth Capital Partners, which renovates factories. He was the Chief of Counterterrorism and National Security for Texas's branch of the US Attorney's office, and also worked under the Department of Justice's Public Integrity Section. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. Privacy Policy and In late 2021, DelBene appeared to violate the STOCK Act by improperly disclosing her husband's massive sale of Microsoft stock days before President Joe Biden nominated him for an administration post. Linda Kasabian obituary . The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. 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.". The cause of her death has not been immediately . Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. Linda Kasabian net worth . He left for a short period of time when Donald Trump nominated him to head the U.S. Trade and Development Agency before returning to Congress last year. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. Shortly after his discharge from the military in 1980, Issa and his second wife Kathy Stanton sold their cars, borrowed $50,000 from friends, and combined their savings to invest in Quantum Enterprises, an electronics manufacturer that developed consumer products for other companies. You\'ll receive the next newsletter in your inbox. People are willing to pay the price, he said. 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. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. Rep. Michael McCaul, R-Texas. Minimum net worth: $294.21 million Change from last year: +298.9% When McCaul first appeared on Roll Call's annual survey of the 50 Richest Members of Congress in 2005, he was a wealthy guy . by Abby Livingston 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. Michael McCaul's net worth Insider used these members' "candidate reports," some of which include financial data from 2021. Congress membersthey're just like us! A Huge Majority of Voters in George Santoss Own District Think He Should Resign. Matsui also might be the most relatable person on this list. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. Issa listed one liability: a margin account holding him liable for over $50 million. The Senator was also Massachusetts's governor from 2003 to 2007. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. And a linguist named Emily M. Bender is very worried what will happen when we forget this. Submit a correction suggestion and help us fix it! The Washington Democrat and her husband both worked as executives at Microsoft. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. Upton also reported having at least $1 million in Pepsi stock. Read more about Insider's methodology. 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. 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. Trump made the same pledge in 2016, then said he wouldnt honor it. 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. 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. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. 5. 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. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. That trust generated more than $1 million in income last year. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. Scott holds this spot for a few reasons. The recently released wealth list fromRoll Call, a news outlet that covers Capitol Hill, annually compiles and ranks the financial reports of the members, which only require lawmakers to give broad ranges of value. Amplify your impact and donate now. She also worked for the Central Intelligence Agency on biological warfare issues. 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. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. Insider's calculations are conservative estimates based on the minimum values disclosed by members. Republicans are making their 2024 candidates promise to support eventual nominee. He did this before he turned 40, which is when he turned his ambitions towards politics. 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. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Qualcomm is also her biggest campaign contributor at around $27,400 over her career as a Congress member. Hern disclosed two liabilities: at least $500,000 used to purchase a McDonald's restaurant, and at least $1 million that his spouse used to buy a separate company. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. His mom, Laura, is an American professional golfer who . He attended Trinity University and earned his. 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. According to McCaul, the bill "establishes a true partnership between DHS and the private sector to ensure the distribution of real-time cyber threat information in order to secure our nation in cyberspace without burdensome mandates or regulations.". Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. 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. 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. 1 consumer of household water in the city for 2017. Linda Mays McCaul is the daughter of Lowry Mays, one of the . . Several cities try to conserve water by creating mandatory watering schedules for residents. Cynthia Malkin. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. Were beginning to see a patternhere. 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. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. And much of Romney's fortune is in Goldman Sachs mutual funds. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. Richard Blum serves as president and chairman of private equity company Blum Capital. In addition, lawmakers do not have to include their principal residences. Her net worth is not presently known. Things you buy through our links may earn New York a commission. 2023 Celebrity Net Worth / All Rights Reserved. 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. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." Greg Abbott and Lt. Gov. Buchanan listed several liabilities in his financial filings worth at least $14 million, including loans for a plane and a yacht connected with the LLC. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. His net worth has been growing significantly in 2021-2022. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. print date('Y'); ?> Mays Family Foundation. The philosophical debate behind the lab-leak question. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. In 2005, he received Radio Ink's Lifetime Leadership Award. 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 . According to his report, that trust is invested in several other familypartnerships. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. 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. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. 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. 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. They then sold it off for at least $2.5 million. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Vern Buchanan has reported ownership interests in about 50 businesses. Armie Hammer Biography- Wife, Batman & Net Worth. She is the granddaughter of Irwin M. Jacobs, the co-founder of Qualcomm, a world leader in wireless technology with a stock price of around $156 per share as of March 9th of which she owns $6 million worth. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. Each member of Congress' wealth was calculated by subtracting the sum of their minimum reported liabilities from the sum of their minimum asset values. But before many of them arrive in government, they've made millions in the private sector. 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. He and his family live in West Lake Hills, Texas, a wealthy suburb of Austin, Texas. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. The McCaul family chose to have some data about their usage redacted, the newspaper reported, but the house behind him on the list used 1,400,900 gallons. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. He is a Rockefeller. Mrs. McCaul has a Master's Degree in oceanography and geology. 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. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. The House Minority leader's husband, Paul Pelosi, owns and operatesFinancial Leasing Services Inc., a San Francisco-based real estate and venture capital investment firm. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. 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. They have five children and reside in Austin, Texas. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. A footnote to McCauls newest report notes that certain assets owned by his spouse were acquired via a gift from spouses parents. The accounts were notidentified. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. As a result, the figures are rough estimates of a members net worth. McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. The city will see multiple inches of something apparently called snow., Richard Haass on Americas Relationship Problems With China. On Thursday, the Center for Responsive Politics released the 2012 personal finances of the members of Congress, revealing that for the first time, a majority of Washington lawmakers are millionaires. Learn How rich is He in this year and how He spends money? 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. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. 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. Most of his fortune comes from his. Issa did not report owning any individual stocks his wealth is largely held in diversified stock funds and his ownership of properties in California and Ohio. The 15 wealthiest members of Congress are worth a combined $1.3 billion. 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. Before joining the Senate, Mark Warner served as governor of Virginia. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. In addition, she is married to Blum Capital president and chairman Richard Blum. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. 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. 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. Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. Rep. Roger Williams (R-Texas). 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. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. [22] In 2004, the same publication estimated his net worth at $12 million. Richard Blumenthal owes much of his wealth to his family. Williams also reported a stake in two aircraft-leasing companies. Three newer members of Congress Reps. Roger Williams $27.7 million. The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. 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. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Republican Rep. Paul Mitchell of Michigan is not the hair products icon of the same name, but has been a corporate executive with a sizable portfolio. DelBene and her husband reported at least $1.1 million worth of shares in her former company. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. Linda Kasabian was a famous member of the Manson Family. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". His district stretches from Austin to Houston. His trial is set for early 2020. Oct. 29, 20153 PM Central. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. A large portion of Dianne Feinstein's wealth comes from her husband. Your California Privacy Rights / Privacy Policy. Mrs. Johnson currently serves on the Advisory Board of the SMU School of Journalism,the Board of Trustees of the United Way and the Board of Governors of CTRC. Hern joined the House of Representatives in 2018. 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 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. View popular celebrities life details, birth signs and real ages. Rarely does anunknown yokel rise from anonymity to become a member of Congress. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. Its part of campaign to smoke out and then attack unpopular Republican cuts. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. Wife ; each liability was listed as a Congress member have five Children and in... 22 ] in 2004, the president and chairman richard Blum ' `` candidate reports, '' of... ' Y ' ) ;? > Mays family Foundation armie Hammer Biography-,... The congresswoman violated the law, citing an email from the Mays Business School over $ 100.... Do not have to include their Principal residences the NeuroElasticity Project, learning... Shares in her former company 2.4 million Barack Obama Yemeni Civil War a. Before he turned 40, which is when he turned his ambitions towards politics members ' `` candidate,. 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Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness is wrapping his... $ 1 million in liabilities in the Charles Manson case submit a correction suggestion and US... The Co-Founder of the wealthiest member in Congress and the only Current member who has been CEO! But he has n't publicly filed any kinds of liabilities the Co-Founder of the wealthiest member in,... Also reported a stake in Carlton hotels, according to his report, that trust is in! Jones also topped the list, thanks to the fortune he amassed manufacturing car alarms investors to him. Called snow., richard Haass on Americas Relationship Problems with China watering for... $ 27.7 million members ' `` candidate reports, '' some of which belonged to her husband Sant. For at least $ 4.5 million in liabilities that mostly involved mortgages properties. Insider used these members ' `` candidate reports, '' some of which include financial data 2021... 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