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 July, Phillips placed his assets in a qualified blind trust approved by the House Committee on Ethics, meaning he'll retain little control over his assets while he's a member of Congress. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. 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. Upton also reported having at least $1 million in Pepsi stock. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. Michael McCaul (R-Texas), Net worth: $143 million . U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. 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. Sen. Mitt Romney, Utah, Republican $85,269,083. DelBene and her husband reported at least $1.1 million worth of shares in her former company. It's possible he does have. Starting. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. The city threw out a Democratic mayor for the first time in decades. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. 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. Members of Congress earn a salary of $174,000. Now hes returning to a shell-shocked industry. Top editors give you the stories you want delivered right to your inbox each weekday. Before joining the Senate, Mark Warner served as governor of Virginia. Kate Bedingfield, Bidens Translator, Leaves the White House. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. About Michael Thomas McCaul, Sr. Rep. Roger Williams (R-Texas). Prior to his time in government, Warner ran Columbia Capital, a venture-capital firm, and telecom company Capital Cellular Corporation, both of which contributed to his wealth, alongside mutual funds, hedge funds, and private-equity funds. Terms of Service apply. Trone is a relatively new member of Congress he assumed office in 2019. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. McCaul did not list any liabilities or debts in his financial disclosure. The philosophical debate behind the lab-leak question. The trusts contain a combination of mutual funds, stocks, and electronic funds. 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. Republican Rep. Michael McCaul of oil-rich Texas is Congress's biggest fossil fuel investor, owning between $8.2 million and $19.1 million worth of stock in oil, gas, and coal . Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. 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. Michael McCaul's net worth Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. and Texas A&M University (M.S.). Blumenthal's fortune is held almost entirely by his wife, Cynthia Malkin, with millions of dollars reported in various hedge funds, stocks, and real estate and property partnerships. His financial filings indicated that each of Issa's assets is jointly owned. Vern Buchanan has reported ownership interests in about 50 businesses. 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. 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. 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 . They have five children and reside in Austin, Texas. McCaul's net worth increased from $20.9 million to $26.7 million in two years. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. Republican Rep. Francis Rooney of Florida has earned a large fortune from his business, Manhattan Construction Group, which has built massive projects such as Cowboys Stadium. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . 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. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. 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. Jay is an heir to oil tycoon John D. Rockefeller. View popular celebrities life details, birth signs and real ages. You can't say that every 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. 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. He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. 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. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. 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 The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. 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. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Of the 195 Republicans who voted, all voted against both impeachment articles. print date('Y'); ?> Mays Family Foundation. Things you buy through our links may earn New York a commission. The cause of her death has not been immediately . He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. 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. You\'ll receive the next newsletter in your inbox. Linda and her 4 daughters are active members of the National Charity League. 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. Access your favorite topics in a personalized feed while you're on the go. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. By Kira December 27, 2020 April 8, 2021. in the general election held on November 6, 2018, McCaul won an eighth term in the House. They've been someone or done something that caught the eye of their party's leaders. So, how much is Michael McCaul worth at the age of 60 years old? 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. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. Williams also reported a stake in two aircraft-leasing companies. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. They then sold it off for at least $2.5 million. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. 13. 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. The Key Moments From Alex Murdaughs Testimony and Murder Trial. The Virginia Democrat made his millions as the co-founder of Nextel. 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. 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. Senator Blumenthal's net worth dropped by more than $20 million over the past year. Hollingsworth Capital Partners, which renovates factories. All Rights Reserved. For starters, he doesn't have any liabilities to report. Net worth: $200 million. His dad and mom raised him in Palm Springs, CA. 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. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. Linda Kasabian cause of death. Were beginning to see a patternhere. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. As a result, the figures are rough estimates of a members net worth. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. Does this have something to do with that Texas miracle we keep hearing about? The U.S. Is Choosing Child Labor Over More Immigration. Running for Congress costs cash money. 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. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. She is married to Congressman Michael McCaul, who is serving his 6th term in the U.S. Congress and is Chairman of the Homeland Security Committee. Most of Buchanan's wealth comes from his Florida automotive empire. The sport desperately needs to change, no matter how loudly purists complain. 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. Mrs. McCaul has a Master's Degree in oceanography and geology. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? 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