Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. For starters, he doesn't have any liabilities to report. The company, now called iHeartMedia, is a $6.3 . Insider's analysis does not include four members of Congress whose disclosures were uniquely complicated and lengthy, comprising hundreds of pages of handwritten or scanned documents: Reps. Ro Khanna of California, Vicente Gonzalez of Texas, Kurt Schrader of Oregon, and Harold Rogers of Kentucky. DeSantis Promises Florida Will Control Disney Content. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. 2023 Vox Media, LLC. 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. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. The West Virginia Senator is the great-grandson of theoil tycoon John D. Rockefeller. She also worked for the Central Intelligence Agency on biological warfare issues. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. Here's a look at what it found for the Texans on the richest and poorest lists. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. Right-wing board to clamp down on woke ideology in cartoons. and Texas A&M University (M.S.). Could Alec Baldwin Really Go to Prison for the. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. 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. 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. In 1994, Kathryn was named Volunteer of the Year by the Cystic Fibrosis Foundation, in 2013 was the "Mother of the Year" honoree of Avance, and in 2014 was given the Lifetime Achievement Award from San Antonio Can. Your California Privacy Rights / Privacy Policy. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. View popular celebrities life details, birth signs and real ages. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. Top editors give you the stories you want delivered right to your inbox each weekday. he 15 wealthiest members of Congress are worth a combined $1.3 billion. . Most of Buchanan's wealth comes from his Florida automotive empire. He also has real estate holdings. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. 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. 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. 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. 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. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. The majority of Rep. McCaul's wealth comes from his wife, Linda McCaul, who is the daughter of Lowry Mays, the CEO and founder of Clear Channel . 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. 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. Brianna Stone. McCaul said that the bill was "an important step toward addressing the cyber threat." Matsui also might be the most relatable person on this list. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Do we need to say more? 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. 13. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. In 2004, he was inducted into the Radio Hall of Fame and received the Lifetime Achievement Award, National Association of Broadcasters. The majority of Rep. McCaul's wealth comes from his wife, Linda McCaul, who is the daughter of Lowry Mays, the CEO and founder of Clear Channel Communications. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. 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. Michael McCaul (R-Texas), Net worth: $143 million . 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 . 2023 www.statesman.com. Access your favorite topics in a personalized feed while you're on the go. He is a member of famous Politician with the age 60 years old group. Insider used these members' "candidate reports," some of which include financial data from 2021. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. The trusts contain a combination of mutual funds, stocks, and electronic funds. Linda is on the Board of Visitors at M.D. How The 15 Richest Members Of Congress and Senate Made Their Money. Residents become desensitized to the cost and water their lawns as they choose. 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. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. Norman and his wife also hold more than $100,000 in stock in Exxon Mobil. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. Linda Kasabian was a famous member of the Manson Family. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. 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. 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. Before joining Congress, DelBene was an executive at Microsoft. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). 1 consumer of household water in the city for 2017. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. Prepare to be gobsmacked. DelBene and her husband reported at least $1.1 million worth of shares in her former company. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. 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 state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. Hern joined the House of Representatives in 2018. Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). 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. The cause of her death has not been immediately . She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. You must have JavaScript enabled to use this form. Tom Williams/CQ Roll Call. But before many of them arrive in government, they've made millions in the private sector. 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. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. The U.S. Is Choosing Child Labor Over More Immigration. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. 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. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. Amplify your impact and donate now. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. As a result, the figures are rough estimates of a members net worth. Roger Williams $27.7 million. Discover Michael McCaul's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. Each year, Roll Call's reporters scour each member's financial disclosure forms to determine the "Wealth of Congress.". Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. The philosophical debate behind the lab-leak question. 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. 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. 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. Most of his fortune comes from his. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. She is a newcomer to Congress, joining the ranks in 2021. Her net worth is not presently known. 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. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. 3696; 113th Congress), a bill that would amend the Homeland Security Act of 2002 to require the Secretary of the Department of Homeland Security (DHS) to conduct cybersecurity activities on behalf of the federal government and would codify the role of DHS in preventing and responding to cybersecurity incidents involving the Information Technology (IT) systems of federal civilian agencies and critical infrastructure in the United States. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. A large portion of Dianne Feinstein's wealth comes from her husband. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. Cynthia Malkin. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. 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. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. 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. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. Malkin is the daughter of real estate mogul Peter Malkin. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. The city will see multiple inches of something apparently called snow., Richard Haass on Americas Relationship Problems With China. He rejoined Congress in 2021. 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. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. Congressman Jon Delaney is a self-made financier who founded HealthCare Financial Partners in 1993 and later CapitalSource of Chevy Chase, Md. This email will be used to sign into all New York sites. [22] In 2004, the same publication estimated his net worth at $12 million. 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. Linda Kasabian obituary . According to his report, that trust is invested in several other familypartnerships. 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. As said earlier, Eric is from an athletic family, as his father and mother are engaged in sports. Buchanan may have the authority to write American tax policy in coming years, as the congressman is likely to become the leading GOP member of the Ways and Means Committee after Rep. Devin Nunes announced his resignation to become the CEO of a new social media company founded by former President Donald Trump. By Paul V. Fontelo and David Hawkings. Qualcomm is also her biggest campaign contributor at around $27,400 over her career as a Congress member. 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. The 2020 financial disclosures are the most up-to-date financial documentation from Congress disclosures from 2021 are not required to be filed until mid-May. 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. Sen. Mark Warner, Virginia, Democrat $93,534,098. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. Linda Mays McCaul is the daughter of Lowry Mays, one of the . All rights reserved. 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