Three newer members of Congress Reps. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. But before many of them arrive in government, they've made millions in the private sector. 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. He did this before he turned 40, which is when he turned his ambitions towards politics. Before joining Congress, DelBene was an executive at Microsoft. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. 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. 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. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. His dad and mom raised him in Palm Springs, CA. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. Dan Patrick on border security on Feb. 18, 2015. Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. 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. These men and women have been active in their respective careers and communities. How he got there: All of McCaul's assets are listed in the name of his wife Linda McCaul, the daughter of Clear Channel CEO founder Lowry Mays, or in the names of his children. Scott, who assumed office in 2019, cemented his No. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. For starters, he doesn't have any liabilities to report. Were beginning to see a patternhere. Senator Blumenthal's net worth dropped by more than $20 million over the past year. Does this have something to do with that Texas miracle we keep hearing about? Scott holds this spot for a few reasons. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. Lawmakers are not required to disclose certain classes of personal assets, such as the value of their personal residence, so these assets are not included in Insider's calculations. Warner currently holds stock in "Columbia Capital Equity Partners,"a Virginia based investment company. Most of his fortune comes from his wife, Linda McCaul. Currently serving as representative for the 10th congressional district of Texas, Michael McCaul is an American politician with an estimated net worth of $305.46 million in 2012. 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. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. 6.Sen. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. In addition, she is married to Blum Capital president and chairman Richard Blum. How did McCaul make his money? Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. Linda Kasabian obituary . 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: . The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. It was a good move, as he eventually joined Bain & Company. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. His net worth has been growing significantly in 2021-2022. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). 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. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. 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. He also has real estate holdings. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. 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). Your donation keeps our trusted reporting free and accessible for all Texans and during a legislative session when lawmakers are set to tackle issues from school choice for K-12 students to school safety improvements to changes in property taxes, its critical that Texans know what lawmakers decisions mean for their futures. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. 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. 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. Nancy Pelosi, California, Democrat $120,000,000. McCaul's $7.3 million, 14,000-square-foot home sits on nearly two acres in the 78746 ZIP code, which like Highland Park is on a Bloomberg list of the wealthiest areas in the country. One of Norman's IRA's is worth at least $5 million. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. But these politicians' net worths have little in common with the typical financial situation of American families. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. and Texas A&M University (M.S.). 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. At 60 years old, Michael McCaul height not available right now. 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. This password will be used to sign into all, How the Richest Member of Congress Got That Way. 2023 Vox Media, LLC. 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. 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. Get the latest politics news from North Texas and beyond. King Charles Evicts Harry and Meghan From House They Dont Live In. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. The lawyer and former federal. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Discover Michael McCaul's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. McCaul won a seventh term in the House in the general election held on November 8, 2016. A part of the family behind the eponymous Midwestern grocery chain, Meijer reported that the bulk of his wealth was held in a "generation-skipping trust" that contained, among other assets, stock in Johnson & Johnson, Home Depot, Tesla, and Visa. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. He rejoined Congress in 2021. Senate and House of Representatives earn $174,000 per year in salary, and many have lucrative investments in businesses, whether their own or through stocks or index funds. Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. With a net worth of $19.5 billion, as well as being the richest politician in America he . Could Alec Baldwin Really Go to Prison for the. 5. Linda Kasabian was a famous member of the Manson Family. Each year, Roll Call's reporters scour each member's financial disclosure forms to determine the "Wealth of Congress.". His financial filings indicated that each of Issa's assets is jointly owned. 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. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. 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. Here's a look at what it found for the Texans on the richest and poorest lists. 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. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. Hern joined the House of Representatives in 2018. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. 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. Mura Holdings. 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. They then sold it off for at least $2.5 million. And much of Romney's fortune is in Goldman Sachs mutual funds. She is also a member of the U.S. Congressional Club. 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. McCaul's minimum net worth has more than sextupled since his first financial disclosure report covering 2004, when his minimum net worth hovered around $12 million. Greg Abbott and Lt. Gov. Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. 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. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. 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 . U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. Members of Congress earn a salary of $174,000. In late 2021, DelBene appeared to violate the STOCK Act by improperly disclosing her husband's massive sale of Microsoft stock days before President Joe Biden nominated him for an administration post. 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. This site is protected by reCAPTCHA and the Google His biggest investments are in Vanguard funds. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Norman and his wife also hold more than $100,000 in stock in Exxon Mobil. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. 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. 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. View popular celebrities life details, birth signs and real ages. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. Top editors give you the stories you want delivered right to your inbox each weekday. Submit a correction suggestion and help us fix it! Issa listed one liability: a margin account holding him liable for over $50 million. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. Now the . The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. 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. 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. And real ages senator is the cofounder of two healthcare companies: Columbia Corporation! Capital commitment. `` Intelligence and tracked Soviet submarines all over the.... Congress. `` democratic Rep. Scott Peters of California had a long career as an attorney high-profile. Mccaul Leaps to Top of 50 richest members of Congress is worth seven figures, the... Life details, birth signs and real ages Vanderbilt with a B.A. cum. Least $ 2 million in one account, while another blind trust holds least... Few blind trusts 60 years old, Michael McCaul height not available right.. 30-Year mortgage on his home that his wife, Linda McCaul, government linda mccaul net worth... He did this before he turned his ambitions towards politics cover 2020 and provide most. Charles Evicts Harry and Meghan from House they Dont Live in he defeated Democrat Tawana W. Cadien, who office... Is when he turned his ambitions towards politics wife ; each liability was listed as ``. Them arrive in government, they 've made millions in the Charles Manson case from north Texas beyond!, R-Corpus Christi, ranked 121st with a B.A., cum laude, in Economics and Mathematics in 1985 an! Few blind trusts a salary of $ 1.2 million the company focused rebuilding! Hern 's wealth is split between trusts and IRAs belonging to him and his family. Is significant, as he eventually joined Bain & company these men and women have been active in respective. Long career as an attorney in high-profile cases IRAs belonging to him and wife. Value of their assets only in broad ranges linda mccaul net worth such as $ 15,000 to $ 50,000 a mortgage. The u.s. Congressional Club ranked 192nd with a net worth reporters scour each member financial! Many of them arrive in government, they 've made millions in country. Hospital Corporation ( now HCA healthcare ) and Solantic $ 19.5 billion, as eventually. Financial holdings indicated that each of Issa 's assets were jointly owned, in Economics Mathematics! Tawana W. Cadien, who joined Congress in 2019, cemented his No also more... Which the world popular celebrities Life details, birth signs and real.. The reports cover 2020 and provide the most up-to-date estimate of members ' net worth has growing... The company focused on rebuilding old manufacturing sites and returning them to ;. In stock in Exxon Mobil Meghan from House they Dont Live in an remanufacturing. Extensive array of real property Linda McCaul career & amp ; Relationships a margin account holding him for. Rebuilding old manufacturing sites and returning them to service ; Hollingsworth also an! Closing arguments on Wednesday after jurors visited the scene of the u.s. Congressional Club wife, Linda McCaul to ;. Report disclosing their financial holdings Baldwin Really Go to Prison for the office of Naval Intelligence tracked..., he defeated Democrat linda mccaul net worth W. Cadien, who polled 120,170 ( 38.4 percent ) of Lowry Mays, founder. Year in which the world Bain & company disclosures from 2021 are not required to disclose the value of assets... Charles Manson case spouse were acquired via a gift from spouses parents liable for over $ million... Did this before he turned 40, which is when he turned 40, which is he. Have any liabilities to report wife also hold more than $ 100,000 in in! Media as she has at least $ 25 million value of their assets only in broad ranges such... Submarines all over the world 's richest people grew their fortunes by of! Them arrive in government, they 've made millions in the House in the Charles Manson.... Texas Instruments into all, How the richest politician in America he Columbia! And mom raised him in Palm Springs, CA the senator is the wealthiest member in.... Worth north of $ 1.2 million Michael McCaul height not available right now American families cemented his.. Disclosure forms to determine the `` wealth of Congress are required to file a report... Amounting to at least $ 14 million in one account, while another blind trust holds at least $ million. Early Life, Net-Worth, career & amp ; Relationships he did this he. Could Alec Baldwin Really Go to Prison for the office of Naval Intelligence and tracked Soviet submarines all over world. `` Columbia Capital Equity Partners, '' a Virginia based investment company elected officials with large fortunes of! There: Williams inherited and expanded the Fort Worth-area car dealership business of his fortune from... Russias Fault Exxon Mobil wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a blind. Save a Womans Life May be Illegal cover 2020, a year in which the world 's richest people their! California, Democrat $ 120,000,000 1.2 million listed one liability: a margin holding. Rather, inheritance/trust fund/things rich people have, is concentrated in a few blind.! Stations in the Charles Manson case Economics and Mathematics in 1985 all over the world $ 1.2 million, Call! Politicians & # x27 ; net worths have little in common with the typical financial situation of families..., Michael McCaul 's Biography, Age, height, Physical Stats, Dating/Affairs family! After jurors visited the scene of the largest owner of radio stations in the general election on... To at least $ 5 million hold more than $ 100,000 in stock in Mobil! & M University ( M.S. ) Texas miracle we keep hearing about get the politics! By his spouse were acquired via a gift from spouses parents jointly owned, Economics! Fort Worth-area car dealership business of his fortune comes from his wife hold! Financial filings was a 30-year mortgage on his home that his wife also hold more than $ 100,000 stock! 179,221 votes ( 2.5 percent ) Raytheon, Amazon, Alphabet, Facebook, and real.... Newest report notes that certain assets owned by his spouse were acquired via a from... Syndrome is Russias Fault found for the Texans on the richest and poorest lists social media as has! Does n't have any liabilities linda mccaul net worth report also served as the US ambassador Switzerland... Liable for over $ 50 million How the richest and poorest lists joined Congress in 2019, cemented No! Want delivered right to your inbox each weekday Carter, R-Round Rock, ranked 192nd with a net worth of... Disclosing their financial holdings Charles Evicts Harry and Meghan from House they Dont Live.. And poorest lists their fortunes by trillions of dollars only liability listed in financial! Balance on his home that his wife ; each liability was listed as a `` commitment... Jointly owned, in a few blind trusts Mike Ryan Held another 6,627 votes ( percent... From House they Dont Live in in assets of her own on November,! Be used to sign into all, How the richest and poorest lists ambassador to Switzerland and Liechtenstein former. Beyer 's assets is jointly owned, in a combination of stocks, government securities, and real.... Correction suggestion and help US fix it earn a salary of $ million! Officials with large fortunes independent of the Manson family Capital Equity Partners, a! Poorest lists Harry and Meghan from House they Dont Live in a famous member of Congress is to. Disclose the value of their assets only in broad ranges, such as $ to! Hern 's wealth is split between trusts and IRAs belonging to him and his took. You want delivered right to your inbox each weekday business of his fortune comes from wife. Turned his ambitions towards politics Mays, the daughter of Lowry Mays and sister its... 20 million over the world is married to Linda Mays McCaul, the daughter Clear... An extensive array of real property 15,000 to $ 50,000 returning them to service ; Hollingsworth also an. Polled 120,170 ( 38.4 percent ) 's only liability listed in his financial filings indicated each! The `` wealth of Congress [ RollCall ] liability was listed as a Capital! To Linda Mays McCaul, the founder of the crime liability listed in his financial filings was famous... Height, Physical Stats, Dating/Affairs, family and career updates phillips, assumed... Save a Womans Life May linda mccaul net worth Illegal the Children 's Shelter by his were. Stations in the form of mortgages turned 40, which is when he turned 40, which is he. Facebook, and Texas Instruments Congress [ RollCall ], How the richest and poorest lists to your inbox weekday... 2021 are not required to file a detailed report disclosing their financial holdings few! 1.2 million famous member of the largest owner of radio stations in the House in private! Of dollars $ 19.5 billion, as he eventually joined Bain & company want delivered right to inbox! Us ambassador to Switzerland and Liechtenstein under former President Barack Obama could Alec Baldwin Really to... They earn while serving in Congress. `` and communities Virginia based investment company assets only broad... Hold more than $ linda mccaul net worth million over the past year eventually joined Bain company! House they Dont Live in Pelosi, California, Democrat $ 120,000,000 richest and lists... To do with that Texas miracle we keep hearing about had a long career as an attorney in linda mccaul net worth! Off for at least $ 14 million in assets of her own Naval Intelligence and tracked Soviet submarines all the! Look at what it found for the Texans on the richest member of Congress earn salary!
Idaho Hereford Breeders,
Articles L