Upton also reported having at least $1 million in Pepsi stock. Senator John Kerry (D-MA). Manning also reported an ownership interest in Stonefield Cellars Winery in North Carolina. Her body was cremated and her cause of death was not revealed. 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. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). Linda Kasabian Bio, Cause of Death, Net Worth, Age, Husband, Children, Parents, Siblings. Top editors give you the stories you want delivered right to your inbox each weekday. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. 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 . Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . 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. Linda Mays McCaul is the daughter of Lowry Mays, one of the . McCaul said that the bill was "an important step toward addressing the cyber threat." Buchanan's wealth primarily comes from his ownership of several car dealerships, in addition to a limited liability company that was labeled as "Aircraft Holding & Leasing" and valued at $25 million to $50 million. The Brutal Layoffs at Twitter Just Keep Coming. Double your gift when you give by 6 p.m. Thursday. 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. Chris Collins of New York, the first elected Republican to endorse Donald Trump's 2016 presidential bid, owns stake in various companies ranging from manufacturing to biotechnology. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. One of Norman's IRA's is worth at least $5 million. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. She is also a member of the U.S. Congressional Club. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. Now the . Prepare to be gobsmacked. 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. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). Three newer members of Congress Reps. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: In 2004, the same publication estimated his net worth at just $12 million: His wealth increase was due to large monetary transfers from his wife's family. Its part of campaign to smoke out and then attack unpopular Republican cuts. 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. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. 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. In short, they had lives before they joined the United States government in an official capacity. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star State selling Dodge, Chrysler, and Jeep cars and trucks. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. It's possible he does have. Matsui also might be the most relatable person on this list. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. Peters' wealth is mostly in government securities, though he and his spouse have also invested in several mutual funds. 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. Williams also reported a stake in two aircraft-leasing companies. 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. Malkin's father, Peter L. Malkin, is the chairman emeritus of Empire State Realty Trust a commercial office and retail leasing agency for units across Manhattan including the Empire State Building and the chairman of Malkin Holdings. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. 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. he 15 wealthiest members of Congress are worth a combined $1.3 billion. Jay is an heir to oil tycoon John D. Rockefeller. Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. Not a single asset is listed as being in McCaul's name, they are all tied . Vern Buchanan has reported ownership interests in about 50 businesses. Biden Dares Republicans to Go After Obamacare and Medicaid. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. We have estimated Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. 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. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. 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. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. Cynthia Malkin. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. Members disclose the value of their assets in broad ranges. Learn How rich is He in this year and how He spends money? Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. His most successful include a series of car dealerships and American Speedy Printing, a printing company that expanded to more than 730 stores across 44 states. Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. 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. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. The trusts contain a combination of mutual funds, stocks, and electronic funds. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. McCaul is thought to be the second-richest person in Congress, though none of the assets or holdings reported in his 65-page financial disclosure were his alone, belonging to his wife or dependent children. Net worth: $200 million. and Texas A&M University (M.S.). He is from American. He also worked as a venture capitalist, investing in several technology and healthcare companies. Congressman Jon Delaney is a self-made financier who founded HealthCare Financial Partners in 1993 and later CapitalSource of Chevy Chase, Md. And much of Romney's fortune is in Goldman Sachs mutual funds. About Michael Thomas McCaul, Sr. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. The public employee retirement fund amount should have been in the thousands and not millions. His father is the chairman of Malkin Holdings and the chairman emeritus of Empire State Realty Trust, which leases office and retail space across Manhattan. Her net worth is not presently known. The majority of Feinstein's wealth is from her husband, Richard Blum, according to her financial filings. 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. She also worked for the Central Intelligence Agency on biological warfare issues. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Before joining the Senate, Mark Warner served as governor of Virginia. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. The Colorodo lawmaker (and his parents) foundedan online greeting card company which he later sold for $780 million, as well as the webiste ProFlowers.com. Insider's calculations are conservative estimates based on the minimum values disclosed by members. 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. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. 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. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). In addition, lawmakers do not have to include their principal residences. It was a good move, as he eventually joined Bain & Company. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. 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. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). Could Alec Baldwin Really Go to Prison for the. 2023 Celebrity Net Worth / All Rights Reserved. Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. Arthur Hayes rubbed success in the Feds face and got busted. Discover today's celebrity birthdays and explore famous people who share your birthday. You must have JavaScript enabled to use this form. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. 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. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. His trial is set for early 2020. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Obernolte did not report any liabilities or debts. Starting. Most of his fortune comes from his. Pelosi's husband had holdings in corporations such as Slack, Tesla, Disney, Visa, Salesforce, PayPal, Alphabet, Facebook, and Netflix companies that together spend tens of millions of dollars each year lobbying the federal government. We recommend you to check the complete list of Famous People born on 14 January. He did this before he turned 40, which is when he turned his ambitions towards politics. Submit a correction suggestion and help us fix it! 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. 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. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. Norman and his wife also hold more than $100,000 in stock in Exxon Mobil. As of 2018 he was the fifth-wealthiest member of Congress. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. 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. Yet it may not be a loss for the left. Brianna Stone. Michael McCauls income source is mostly from being a successful Politician. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. He married into it. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. Members of Congress come from a wide range of backgrounds from local politics to business and entrepreneurship to professional sports and their fortunes vary greatly. On the other side,U.S. Rep. Rubn Hinojosa, D-Edinburg, was named one of Congress' poorest members. 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. She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. Now hes returning to a shell-shocked industry. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). Michael McCaul Net Worth. 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. 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. 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. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. Why young migrant workers are illegally filling a void in the job market. You\'ll receive the next newsletter in your inbox. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. McCaul's net worth increased from $20.9 million to $26.7 million in two years. Matsui also might be the most relatable person on this list. Scott, who assumed office in 2019, cemented his No. 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. and Texas A&M University (M.S.). The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. Running for Congress costs cash money. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Tom Williams/CQ Roll Call. Those bonds could be worth hundreds of millions of dollars EACH for all we know. Mrs. McCaul has a Master's Degree in oceanography and geology. All Rights Reserved. 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. Sure, you have political donations, fundraisers to drum up the money, and money from either the Democrats or Republicans, but it still is an expensive endeavor. 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. 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. Malkin is the daughter of real estate mogul Peter Malkin. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. 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. 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. In 2012, Highland Park residents used about three times as much water per day than the average Dallas resident, most of it for landscaping. Michael McCaul's net worth According to his report, that trust is invested in several other familypartnerships. In 2021, Hern violated the STOCK Act by failing to properly disclose stock trades worth at least $1.06 million and as much as $2.7 million. In addition, she is married to Blum Capital president and chairman Richard Blum. 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 . In 2004, he was inducted into the Radio Hall of Fame and received the Lifetime Achievement Award, National Association of Broadcasters. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. 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. A year in which the world 's richest people grew their Fortunes by trillions of dollars, but the majority! Go to Prison for the Children 's Cancer Hospital as a venture capitalist, investing in several other familypartnerships reported! Another 6,627 votes ( 57.3 percent ) a 30-year mortgage on his home that his wife took out 2011... Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms Blum, to! 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