Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. 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 15 wealthiest members of Congress are worth a combined $1.3 billion. 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. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. The majority of Feinstein's wealth is from her husband, Richard Blum, according to her financial filings. Scott holds this spot for a few reasons. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. 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. Mark Warner (D-Va . 1 consumer of household water in the city for 2017. Darrell Issa founded Directed Electronics, based in Vista, California. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. 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. Roger Williams $27.7 million. For starters, he doesn't have any liabilities to report. Scott holds this spot for a few reasons. His financial filings indicated that each of Issa's assets is jointly owned. Now the . He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. 2023 Celebrity Net Worth / All Rights Reserved. Rest assured, the point of this list is not to chastise anyone for their wealth, but rather to remindeveryone that the people writing our laws the ones passing budgets (or not passing them), deciding whether to extend unemployment benefits, debating raising the minimum wage, and overhauling the tax code are enjoying a very selective experience in our economy. These men and women have been active in their respective careers and communities. He is a member of famous Politician with the age 60 years old group. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . 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. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). 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. Linda Kasabian cause of death. Discover Michael McCaul's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Sen. Mitt Romney, Utah, Republican $85,269,083. 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. Rarely does anunknown yokel rise from anonymity to become a member of Congress. . Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. Does this have something to do with that Texas miracle we keep hearing about? 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. Issa listed one liability: a margin account holding him liable for over $50 million. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. 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. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. by Abby Livingston Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. 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 2021, Hern violated the STOCK Act by failing to properly disclose stock trades worth at least $1.06 million and as much as $2.7 million. He largely invested in deals brought forth by other partners, rather than identifying them himself, but negotiated a nice profit-sharing agreement when he left in 2002the company still pays him millions of dollars every year. 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. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. Michael McCaul's net worth Born in San Antonio, Texas, Mark and his wife Patti have six children. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. In Highland Park in 2006, Harlan Crow poured more than 1.8 million gallons of water on his 7.7-acre property in one month. 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. 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. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Members of Congress earn a salary of $174,000. Warner has also been a venture capitalist. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. The trust contains government securities, mutual funds, and more than $6 million in stock of Qualcomm, a semiconductor company co-founded by her grandfather, Irwin M. Jacobs. His mom, Laura, is an American professional golfer who . 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 public employee retirement fund amount should have been in the thousands and not millions. He has also reinvested a lot of his earnings and is married to Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. 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 . With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. 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. 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. Scott, who assumed office in 2019, cemented his No. She attended the University of Miami (B.S.) Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. 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.". She is the only woman in US history, as of this writing, to serve as Speaker of the House. McCaul did not list any liabilities or debts in his financial disclosure. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. 2023 www.statesman.com. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Sen. Dianne Feinstein, California, Democrat $96,518,036. 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. he 15 wealthiest members of Congress are worth a combined $1.3 billion. A large portion of Dianne Feinstein's wealth comes from her husband. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. The cause of her death has not been immediately . Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. At 60 years old, Michael McCaul height not available right now. Rep. Lucille Roybal-Allard, a Democrat from California: -$1,008,000, Rep. Steven Horsford, a Democrat from Nevada: -$1,047,992, Sen. Cynthia Lummis, a Republican from Wyoming: -$1,401,991, Sen. Tammy Duckworth, a Democrat from Illinois: -$1,877,936, Rep. August Pfluger, a Republican from Texas: -$2,000,002. Scott holds relatively few individual stocks. His wife Linda is the daughter of Clear Channel founder Lowry Mays. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. He also has real estate holdings. Most of the fortune comes from his wife, Linda McCaul, the daughter . McCaul's net worth increased from $20.9 million to $26.7 million in two years. 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. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Eric Cole comes from an athletic family background as he was born to his parents, Laura Baugh (Mother) and Bobby Cole (Father), on June 12, 1988. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. Here are the richest members currently serving in the House and Senate, based on their reported net worth. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. How he got there: Doggett's wealth is tied up in Travis County rental properties, retirement income from his Texas Legislature tenure and assets wrapped up in stocks and mutual funds. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. Nope! 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. 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. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). 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. By Kira December 27, 2020 April 8, 2021. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. 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. 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. But before many of them arrive in government, they've made millions in the private sector. Peters' wealth is mostly in government securities, though he and his spouse have also invested in several mutual funds. 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. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. Now hes returning to a shell-shocked industry. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. 6.Sen. Michael McCaul (R-Texas), Net worth: $143 million . Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Linda McCaul is the daughter of Lowry Mays, the founder of the San Antonio-based Clear Channel Communications and its chairman until a stroke sidelined him in 2005. McCaul won a seventh term in the House in the general election held on November 8, 2016. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. 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. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. 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. Its part of campaign to smoke out and then attack unpopular Republican cuts. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. And much of Romney's fortune is in Goldman Sachs mutual funds. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. This site is protected by reCAPTCHA and the Google Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. Congress membersthey're just like us! 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. Tom Williams/CQ Roll Call. Most of his fortune comes from his wife, Linda McCaul. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. It's possible he does have. She also worked for the Central Intelligence Agency on biological warfare issues. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Senator John Kerry (D-MA). . Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. Michael McCaul Net worth Growth. Were beginning to see a patternhere. They've been someone or done something that caught the eye of their party's leaders. The McCauls have made the top 10 list for water usage several times, the Statesman reported. That is the highest disclosure category. 5. How The 15 Richest Members Of Congress and Senate Made Their Money. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. Insider used these members' "candidate reports," some of which include financial data from 2021. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. Double your gift when you give by 6 p.m. Thursday. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. In 2005, he received Radio Ink's Lifetime Leadership Award. Rep. Nancy Pelosi, California, Democrat $120,000,000. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments. So, who's got the highest net worth in the House and Senate? 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. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. in the general election held on November 6, 2018, McCaul won an eighth term in the House. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. Most of Buchanan's wealth comes from his Florida automotive empire. Both of those businesses played a major part in his massive wealth. 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. But before many of them arrive in government, they've made millions in the private sector. Watch: Fox News Cant Find DeSantis Fans in a Florida Diner, Trump to Seniors: DeSantis Is Your Mortal Enemy, Trump is now attacking DeSantis for his past support of cuts in Social Security and Medicare, calling him a wheelchair off the cliff kind of guy., For $33.09, You Can Hear Prince Harry Unpack His Trauma Again. McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. 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. He rejoined Congress in 2021. 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. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. 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 U.S. Is Choosing Child Labor Over More Immigration. 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. The Brutal Layoffs at Twitter Just Keep Coming. He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. They then sold it off for at least $2.5 million. Linda and her 4 daughters are active members of the National Charity League. Her body was cremated and her cause of death was not revealed. as well as other partner offers and accept our, Alex Wong/Getty Images; Kevin Dietsch/Getty Images; Bill Clark/CQ Roll Call; Hannah McKay-Pool/Getty Images; Rebecca Zisser/Insider, Chance Yeh/Getty Images for Power 100 Lunch, Bill Clark/CQ-Roll Call, Inc via Getty Images), Bill Clark/CQ-Roll Call, Inc via Getty Images, Tom Williams/CQ-Roll Call, Inc via Getty Images, Michael Brochstein/SOPA Images/LightRocket via Getty Images, Kent Nishimura / Los Angeles Times via Getty Images, Anna Moneymaker/The New York Times via AP, Pool, placed his assets in a qualified blind trust, acknowledged filing an incorrect personal financial disclosure. 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. Could Alec Baldwin Really Go to Prison for the. U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. Hollingsworth Capital Partners, which renovates factories. Net Worth: $108 million 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. About Michael Thomas McCaul, Sr. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. 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. He did this before he turned 40, which is when he turned his ambitions towards politics. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. But these politicians' net worths have little in common with the typical financial situation of American families. 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. Other Central Texas lawmakers were ranked well below McCaul, Williams and Doggett: U.S. Rep. Lamar Smith, R-San Antonio, ranked 96th with $3 million net worth. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. Ranking the Net Worth of the 115th. Malkin is the daughter of real estate mogul Peter Malkin. Members disclose the value of their assets in broad ranges. The Virginia Democrat made his millions as the co-founder of Nextel. 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. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. After graduating from Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). 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