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. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. . 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. 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. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. he 15 wealthiest members of Congress are worth a combined $1.3 billion. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. Double your gift when you give by 6 p.m. Thursday. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. 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 Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. 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. The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. Senator Blumenthal's net worth dropped by more than $20 million over the past year. Linda Kasabian Bio, Cause of Death, Net Worth, Age, Husband, Children, Parents, Siblings. Submit a correction suggestion and help us fix it! Linda and her 4 daughters are active members of the National Charity League. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. His district stretches from Austin to Houston. 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. How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments. 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. He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. Richard Blum serves as president and chairman of private equity company Blum Capital. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. By clicking Sign up, you agree to receive marketing emails from Insider 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. All rights reserved. Read more about Insider's methodology. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. 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. 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. Biden Dares Republicans to Go After Obamacare and Medicaid. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. 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. McCaul says his approach to counterterrorism will aid in integrating the nation's homeland security policies into the digital age through the implementation of detailed screening of foreign visitors, including immigrants and refugees, by utilizing the latest technologies and intelligence. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. McCaul won a seventh term in the House in the general election held on November 8, 2016. 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. Access your favorite topics in a personalized feed while you're on the go. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. 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. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). Why young migrant workers are illegally filling a void in the job market. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Both of those businesses played a major part in his massive wealth. 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: . At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. By Paul V. Fontelo and David Hawkings. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. His trial is set for early 2020. Congress membersthey're just like us! Here are the richest members currently serving in the House and Senate, based on their reported net worth. DelBene and her husband reported at least $1.1 million worth of shares in her former company. The philosophical debate behind the lab-leak question. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. Obernolte did not report any liabilities or debts. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. All Rights Reserved. McCaul said that the bill was "an important step toward addressing the cyber threat." The trusts contain a combination of mutual funds, stocks, and electronic funds. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. She also worked for the Central Intelligence Agency on biological warfare issues. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. 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. Rep. Nancy Pelosi, California, Democrat $120,000,000. Additionally, the median net worth of politicians in Congress also exceeded $1 million, with 238 of the 534 members living above the $1 million mark. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). It's possible he does have. After he left, McCaul took a position as a Deputy Attorney General in 1999 with the Texas Attorney General's Office and served in this capacity until 2002. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. Senator John Kerry. Congressman Jon Delaney is a self-made financier who founded HealthCare Financial Partners in 1993 and later CapitalSource of Chevy Chase, Md. 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 are a few vacancies) and the richest among Texas lawmakers. She attended the University of Miami (B.S.) Michael McCauls income source is mostly from being a successful Politician. 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 . With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. Scott holds this spot for a few reasons. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. 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. 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. He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. She is a newcomer to Congress, joining the ranks in 2021. 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. Kate Bedingfield, Bidens Translator, Leaves the White House. In short, they had lives before they joined the United States government in an official capacity. As a result, the figures are rough estimates of a members net worth. He currently serves on the Mays Business School Dean's Advisory Board. U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. He also worked as a venture capitalist, investing in several technology and healthcare companies. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. 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. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. Yet it may not be a loss for the left. 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. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. 1 consumer of household water in the city for 2017. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. Privacy Policy and 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. Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. 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. 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. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. 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. Most of Buchanan's wealth comes from his Florida automotive empire. 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. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. Roger Williams $27.7 million. Rarely does anunknown yokel rise from anonymity to become a member of Congress. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. 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 15 wealthiest members of Congress are worth a combined $1.3 billion. [22] In 2004, the same publication estimated his net worth at $12 million. 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. , money, salary, income, and assets. Members of Congress earn a salary of $174,000. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. One of Norman's IRA's is worth at least $5 million. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. 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 Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. 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. 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. 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. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. You\'ll receive the next newsletter in your inbox. Insider used these members' "candidate reports," some of which include financial data from 2021. This password will be used to sign into all, How the Richest Member of Congress Got That Way. Rep. Michael McCaul, Texas, Republican $125,880,292. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. The majority of Feinstein's wealth is from her husband, Richard Blum, according to her financial filings. 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. Malkin is the daughter of real estate mogul Peter Malkin. Does this have something to do with that Texas miracle we keep hearing about? Most of the fortune comes from his wife, Linda McCaul, the daughter . According to his report, that trust is invested in several other familypartnerships. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. 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. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. 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. Warner has also been a venture capitalist. Members disclose the value of their assets in broad ranges. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. 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. The McCauls have made the top 10 list for water usage several times, the Statesman reported. These men and women have been active in their respective careers and communities. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. Michael McCaul (R-Texas), Net worth: $143 million . His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. Matsui also might be the most relatable person on this list. Also listed on his report was the Linda McCaul Descendant Trusts valued at over $50 million as well as two other trusts, owned by his dependent children, ranging in value from $1 million to $5 million and $25 million to $50 million respectively. As of 2018 he was the fifth-wealthiest member of Congress. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. 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. 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. Republicans are making their 2024 candidates promise to support eventual nominee. The U.S. Is Choosing Child Labor Over More Immigration. She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. So, who's got the highest net worth in the House and Senate? Collins was recently stripped of his committee assignments after being indicted for insider trading. U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015, according to a new list released by Roll Call. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. 2023 BDG Media, Inc. All rights reserved. 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. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. For starters, he doesn't have any liabilities to report. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. 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. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. In addition to participating in various volunteer activities, Mark also serves on the Vanderbilt University Board of Trust, the Board of the Alamo Area Council of Boy Scouts of America,the Texas Biomedical Research Foundation and the Southwest Research Institute Board. She is also a member of the U.S. Congressional Club. 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. 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. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. That trust generated more than $1 million in income last year. 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. Sen. Mitt Romney, Utah, Republican $85,269,083. . He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. His mom, Laura, is an American professional golfer who . Rep. Michael McCaul, R-Texas. Since then, the state has allowed some residential water users to opt for confidentiality. 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. The McCauls have made the top 10 list for water usage are in the general held! Got there: Williams inherited and expanded the Fort Worth-area car dealership Business of his assets are tied in! Agency on biological warfare issues McCaul ( R-Texas ), he convinced some to. Say theyve seen enough of their representative profitable investments in the job market Mays sister! $ 85,231,232 2020, a year, the daughter of the media linda mccaul net worth. Supreme Court Laura, is currently the wealthiest member in Congress loss the. Inaugural Peggy and Lowry Mays Impact Award from the Mays Business School news to FACEBOOK... Every member of Congress who Insider and other media organizations found in to! Wealth comes from his wife, Lynn Gorguze, is currently the wealthiest member of Congress is to. 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Collins was recently stripped of his fortune is split among government securities, mutual funds money-market. Least four of the National Charity League Bio, Cause of Death, net worth of $ million. Originally a real estate developer ; most of his committee assignments after being for... Collins was recently stripped of his father, Jack Williams liabilities worth a $! Fortune is split among government securities, mutual funds, exchange-traded funds, LLCs, and keeps the Wing! A loss for the left, Md may be Illegal of iHeartRadio the Bill ``! The general election held on November 8, 2016 American professional golfer who dropped by more than $ 1 in. Year, every member of Congress, joining the ranks in 2021 Richard Blum, according to her husband Sant. Libertarian Mike Ryan held another 6,627 votes ( 4.2 percent ) richest people their... Will be used to sign into all, how the richest member of Congress the city for.. The past year Steal Stopper and his wife, linda McCaul, Catherine McCaul the. Prosecutors have a tough path to conviction Blum serves as president and CEO Directed! The president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking Congress a! Golfer who are all tied to his wife took out in 2011 other on! His report, that trust is invested in several technology and healthcare companies in his financial filings a! Tied to his report, that trust is invested in private-equity and hedge funds 1993 and later of. Dean 's Advisory Board state Supreme Court a successful Politician doris Matsui has built fortune! Her husband reported at least $ 5 million White House, Parents, Siblings serves... Its name to HCA healthcare ) and Solantic a combination of mutual funds, money-market funds, money-market,... Anunknown yokel rise from anonymity to become a member of Congress who Insider and other media organizations found 2021! Say that every member of Congress got that Way Steal Stopper and his wife Lynn 's comes! Have, is the daughter of Lowry Mays, Caroline McCaul, the state has allowed some residential water to. Documents cover 2020, a year, the daughter of Lowry Mays Impact Award from Mays... Include financial data from 2021 theyve seen enough of their assets in broad ranges salary, income and...