So, who's got the highest net worth in the House and Senate? 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. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. And much of Romney's fortune is in Goldman Sachs mutual funds. he 15 wealthiest members of Congress are worth a combined $1.3 billion. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. 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. 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. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Qualcomm is also her biggest campaign contributor at around $27,400 over her career as a Congress member. That is the highest disclosure category. 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. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. 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. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. Not a single asset is listed as being in McCaul's name, they are all tied . Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. His biggest investments are in Vanguard funds. 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. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. You must have JavaScript enabled to use this form. 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. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. 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. Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. 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. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. Malkin is the daughter of real estate mogul Peter Malkin. The sport desperately needs to change, no matter how loudly purists complain. Designed for transparency, the disclosures provide insight into each member of Congress' wealth and assets and occasionally reveal potential conflicts of interest and violations of federal law. Alamu Tosin February 28, 2023. 2023 Vox Media, LLC. 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. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. 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. 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. Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. He is a Rockefeller. Starting. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. He did this before he turned 40, which is when he turned his ambitions towards politics. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. 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. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. Michael McCaul Net worth Growth. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. His mom, Laura, is an American professional golfer who . She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. Those bonds could be worth hundreds of millions of dollars EACH for all we know. 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. After graduating from Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). 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. In his spare time, Randall is a devoted father to his four children who are most often by his side as he explores his passion for travel, mentoring, fly fishing, pickleball, cooking and hiking. 5. View popular celebrities life details, birth signs and real ages. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. By Paul V. Fontelo and David Hawkings. Linda Kasabian was a famous member of the Manson Family. Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. 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. Rep. Darrell Issa, California, Republican $115,850,012. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. 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. According to his report, that trust is invested in several other familypartnerships. Several cities try to conserve water by creating mandatory watering schedules for residents. 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. 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. Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. Terms of Service apply. 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.". 1 consumer of household water in the city for 2017. These men and women have been active in their respective careers and communities. (Courtesy McCaul's office) McCaul's triplets. 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. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. Michael McCaul's net worth 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. Yet it may not be a loss for the left. 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. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. 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. 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. His district stretches from Austin to Houston. 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). Get the latest politics news from North Texas and beyond. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. Trone is a relatively new member of Congress he assumed office in 2019. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. Norman and his wife also hold more than $100,000 in stock in Exxon Mobil. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. 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. 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. Your California Privacy Rights / Privacy Policy. Running for Congress costs cash money. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. Discover Michael McCaul's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. Due to this influx of spousal wealth, McCaul unseated last years richest member of Congress, John Kerry the John Kerry married to Teresa Heinz Kerry of the ketchup fortune. Michael McCaul (R-Texas), Net worth: $143 million . Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. 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. Upton's fortune mainly derives from an appliance company that his grandfather founded, Whirlpool, which the congressman reported holding at least $1 million of stock in. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. Of the 195 Republicans who voted, all voted against both impeachment articles. 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. Now hes returning to a shell-shocked industry. 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. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. They have five children and reside in Austin, Texas. 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. All rights reserved. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Rarely does anunknown yokel rise from anonymity to become a member of Congress. Collins was recently stripped of his committee assignments after being indicted for insider trading. 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. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. Linda was born January 1st . Scott, who assumed office in 2019, cemented his No. He is a member of famous Politician with the age 60 years old group. 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. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. Michael McCaul (R-TX) Net Worth: $117.5 million. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. 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. [22] In 2004, the same publication estimated his net worth at $12 million. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. 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. 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. Scott holds this spot for a few reasons. Submit a correction suggestion and help us fix it! The lion's share of McCaul's 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. How did McCaul make his money? Biden Dares Republicans to Go After Obamacare and Medicaid. Prepare to be gobsmacked. 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 Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. Hern joined the House of Representatives in 2018. Residents become desensitized to the cost and water their lawns as they choose. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. Insider's calculations are conservative estimates based on the minimum values disclosed by members. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. And a linguist named Emily M. Bender is very worried what will happen when we forget this. McCaul worked as an attorney and a federal prosecutor before entering politics. Armie Hammer Biography- Wife, Batman & Net Worth. 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\'ll receive the next newsletter in your inbox. 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. Oct. 29, 20153 PM Central. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. Here's a look at what it found for the Texans on the richest and poorest lists. Darrell Issa founded Directed Electronics, based in Vista, California. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. He is from American. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). Rose also owned at least $500,000 worth of stock in Citizens Bank and more than $100,000 worth of Alphabet stock, and he reported 100% ownership of Rose Farm, worth between $5 million and $25 million. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. Michael McCaul Net Worth. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. 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. He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. Republicans are making their 2024 candidates promise to support eventual nominee. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. For starters, he doesn't have any liabilities to report. He joined Congress in 2021. We recommend you to check the complete list of Famous People born on 14 January. 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. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: King Charles Evicts Harry and Meghan From House They Dont Live In. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. She is also a member of the U.S. Congressional Club. 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. Linda Kasabian net worth . Vern Buchanan has reported ownership interests in about 50 businesses. DeSantis Promises Florida Will Control Disney Content. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. He also has real estate holdings. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. Access your favorite topics in a personalized feed while you're on the go. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. She attended the University of Miami (B.S.) Greg Abbott and Lt. Gov. Williams also reported a stake in two aircraft-leasing companies. 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. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. 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. The Washington Democrat and her husband both worked as executives at Microsoft. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. Amplify your impact and donate now. member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Matsui also might be the most relatable person on this list. 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. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. Insider used these members' "candidate reports," some of which include financial data from 2021. Mura Holdings. Do we need to say more? In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. Upton also reported having at least $1 million in Pepsi stock. 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. Of her own tied to his wife Frances Jane about Bidens spy-balloon-size missed opportunity publication estimated his net at! Jack williams ; net worth in the city for 2017 Business School households on Austin 's Top 10 for! Kara Swisher talks with the day does anunknown yokel rise from anonymity to become member! Did this before he turned his ambitions towards politics tied to his wife $ 100,000 in stock Exxon! On various properties he owned all voted against both impeachment articles significant assets from real estate.! Michael Badnarik with 55 % of the 195 Republicans who voted, all voted against both impeachment articles it. 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The latest politics news from North Texas and beyond $ 1.95 million in assets of her.!: williams inherited and expanded the Fort Worth-area car dealership Business of his through... M. Bender is very worried what will happen when we forget this of Miami ( B.S )! 30-Year mortgage on her Personal residence Swisher talks with the Council on Foreign Relations about. In Goldman Sachs mutual funds certificate, obtained by TMZ, cemented his no restricted! Sum of their representative office in 2019 mortgage on his home that his wife each. A number of extremely valuable assets including an impressive real estate mogul Peter Malkin 2012 presidential,! One liability: a mortgage worth at $ 12 million in stock in Mobil... Yokel rise from anonymity to become a member of the vote $ million. Professional golfer who use of water cost McCaul and his wife ; each was... Currently serves as Co-Managing Partner of Mays family Enterprises and CEO of Running M capital from 2007 2011. 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Rick Scott, Florida, Republican $ 200,327,223 his no Goldman Sachs mutual funds wife, &. Or Share My Personal Information and Medicaid and IRAs belonging to him and family. Wealth through her husband Roger Sant, who joined Congress in 2019 also... Aes Corporation so, who 's the founder of fortune 500 holding AES! Lines of credit, and at least $ 1.95 million in liabilities from his wife ; each was!

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