And much of Romney's fortune is in Goldman Sachs mutual funds. One of Norman's IRA's is worth at least $5 million. 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. Insider's calculations are conservative estimates based on the minimum values disclosed by members. That is the highest disclosure category. Darrell Issa only started serving in his current district (California's 50th congressional district) in 2021, but he first became a member of the House of Representatives in 2001. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Scott holds relatively few individual stocks. in the general election held on November 6, 2018, McCaul won an eighth term in the House. 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. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. 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. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. How The 15 Richest Members Of Congress and Senate Made Their Money. Hern joined the House of Representatives in 2018. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. Learn How rich is He in this year and how He spends money? 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. Austin RepublicanMichael McCaul, one of the wealthiest members of Congress, used more city water than any other resident last year, according to the Austin American-Statesman. Born Michael Thomas McCaul on the 14th January 1962, in Dallas, Texas USA, he is a politician, a member of the Republican Party, and best known to the world as Linda and her 4 daughters are active members of the National Charity League. Congress membersthey're just like us! Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. Phillips held more than $250,000 worth of Apple stock, at least $50,000 worth of Facebook stock, and over $1 million in the SPDR S&P 500 Trust ETF. Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. 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. He is a member of famous Politician with the age 60 years old group. 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.". At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. Submit a correction suggestion and help us fix it! Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Here are the richest members currently serving in the House and Senate, based on their reported net worth. 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. McCaul won a seventh term in the House in the general election held on November 8, 2016. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. 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. Prepare to be gobsmacked. Why young migrant workers are illegally filling a void in the job market. Terms of Service apply. Obernolte did not report any liabilities or debts. Nope! Sen. Mitt Romney, Utah, Republican $85,269,083. Republican Rep. Michael McCaul of Texas made his way to being the number two wealthiest member of Congress through his wife, Linda McCaul, who is the daughter of radio and communications giant Lowry Mays. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). Before joining the Senate, Mark Warner served as governor of Virginia. 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. He did this before he turned 40, which is when he turned his ambitions towards politics. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. The cause of her death has not been immediately . Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. Could Alec Baldwin Really Go to Prison for the. . 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 2005, he received Radio Ink's Lifetime Leadership Award. 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. This is the unique deodorant that won over Shark Tank investors & shoppers love the newest scent, These Are The Best Deals On Amazon Right Now, By subscribing to this BDG newsletter, you agree to our. 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. 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. 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. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. King Charles Evicts Harry and Meghan From House They Dont Live In. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. 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. It's common for wealthy areas in Texas to use the most water. Tom Williams/CQ Roll Call. Armie Hammer Biography- Wife, Batman & Net Worth. Rep. Darrell Issa, California, Republican $115,850,012. 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. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. 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. The 15 wealthiest members of Congress are worth a combined $1.3 billion. 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. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Ranking the Net Worth of the 115th. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. In a statement, Mrvan said: "I am responsible for the actions of my office, and I take sole responsibility for the honest data entry error on my financial disclosure form. Williams, a former Texas secretary of state, made his fortune from a Weatherford car dealership inherited from his father. 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. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. 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. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. She also worked for the Central Intelligence Agency on biological warfare issues. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. Residents become desensitized to the cost and water their lawns as they choose. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. Mrs. Johnson currently serves on the Advisory Board of the SMU School of Journalism,the Board of Trustees of the United Way and the Board of Governors of CTRC. 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. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Issa did not report owning any individual stocks his wealth is largely held in diversified stock funds and his ownership of properties in California and Ohio. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. 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. Dan Patrick on border security on Feb. 18, 2015. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. . 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. by Abby Livingston He is a Rockefeller. Linda Kasabian obituary . 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. Matsui also might be the most relatable person on this list. Congress membersthey're just like us! Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". The public employee retirement fund amount should have been in the thousands and not millions. Now the . He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. McCaul won re-election again in 2008, against Democratic candidate Larry Joe Doherty and Libertarian candidate Matt Finkel by a 54 to 43 percent margin. Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. 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. 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. 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. McCaul worked as an attorney and a federal prosecutor before entering politics. Each member of Congress' wealth was calculated by subtracting the sum of their minimum reported liabilities from the sum of their minimum asset values. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. His dad and mom raised him in Palm Springs, CA. 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. 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. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. 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 . The West Virginia Senator is the great-grandson of theoil tycoon John D. Rockefeller. Manning also reported an ownership interest in Stonefield Cellars Winery in North Carolina. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, Michael McCaul, one of Congress' richest members, used more water in 2017 than any Austin resident, Highland Park residents used about three times as much water, Author of Texas drag bill says video of him wearing dress was a joke back in school, Judge rules in favor of Michael Irvin in request for expedited evidence in $100M lawsuit, Dallas-Fort Worth could see severe thunderstorms, large hail, tornadoes Thursday, Former DPD chief David Brown returning to North Texas after resigning as Chicagos top cop, Corby Davidson, radio co-host of The Tickets Hardline, has rare benign tumor, New apartment project coming for Allens downtown district, Smoke-filled Spirit Airlines flight from DFW Airport diverted after battery fire, Target plans new store in Oak Cliffs Wynnewood Village, Southwest Airlines ups its caffeine game by introducing in-flight bottled iced coffee, Ray Washburne buys downtown Dallas landmark Founders Square building, Oak Cliff apartment project will bring affordable units, skyline view of Dallas, Ray Davis optimistic, anxious about Rangers season amidst tumultuous TV situation, Hot List: 16 great restaurants to visit in Dallas-Fort Worth in March 2023, Ross Perot Jr.s Hillwood buys California NASCAR track for estimated $543.7 million. 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