in the general election held on November 6, 2018, McCaul won an eighth term in the House. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 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. Rarely does anunknown yokel rise from anonymity to become a member of Congress. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Most of his fortune comes from his wife, Linda McCaul. 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. The West Virginia Senator is the great-grandson of theoil tycoon John D. Rockefeller. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. His most successful include a series of car dealerships and American Speedy Printing, a printing company that expanded to more than 730 stores across 44 states. King Charles Evicts Harry and Meghan From House They Dont Live In. McCaul did not list any liabilities or debts in his financial disclosure. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Designed for transparency, the disclosures provide insight into each member of Congress' wealth and assets and occasionally reveal potential conflicts of interest and violations of federal law. 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. McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. Some of them made crazy money. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). The Senator was also Massachusetts's governor from 2003 to 2007. Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. The lawyer and former federal. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. His net worth has been growing significantly in 2021-2022. 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. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. As a result, the figures are rough estimates of a members net worth. Get the latest politics news from North Texas and beyond. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. 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. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. Four years later, he was re-elected to a fourth term with 76% of the vote against Democratic candidate Ted Ankrum (22%) and Libertarian candidate Jeremiah "JP" Perkins (1 percent). Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. 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. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. 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. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. Norman and his wife also hold more than $100,000 in stock in Exxon Mobil. 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. 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. The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. And much of Romney's fortune is in Goldman Sachs mutual funds. The sport desperately needs to change, no matter how loudly purists complain. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. Republicans are making their 2024 candidates promise to support eventual nominee. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. City to Pay Millions to Protesters Kettled by NYPD in 2020. Sen. Mark Warner, Virginia, Democrat $93,534,098. The U.S. Is Choosing Child Labor Over More Immigration. McCaul won a seventh term in the House in the general election held on November 8, 2016. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. The bulk of Obernolte's fortune stems from his ownership of FarSight Studios, a video-game company in Big Bear Lake, California, that he launched in 1988. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. In addition, lawmakers do not have to include their principal residences. 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. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. 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. 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. 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. McCaul likewise added two trusts under the ownership of his dependent children, including one trust valued at $25 million to $50 million and another at $1 million to $5million. (Courtesy McCaul's office) McCaul's triplets. 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. By Paul V. Fontelo and David Hawkings. In a December 2, 2016 Fox News op-ed, McCaul declared his intention to support legislation, in line with president-elect Donald Trump's proposals, to build a wall along the MexicoUnited States border, to secure the border, and have Mexico and other Latin American countries pay for these proposals. Armie Hammer Biography- Wife, Batman & Net Worth. Trone is a relatively new member of Congress he assumed office in 2019. Matsui also might be the most relatable person on this list. Rep. Michael McCaul, Texas, Republican $125,880,292. Could Alec Baldwin Really Go to Prison for the. 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. Members of Congress earn a salary of $174,000. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. 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. They have five children and reside in Austin, Texas. 2023 www.statesman.com. His father is the chairman of Malkin Holdings and the chairman emeritus of Empire State Realty Trust, which leases office and retail space across Manhattan. 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. Cynthia Malkin. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Three newer members of Congress Reps. 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. She attended the University of Miami (B.S.) Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. How The 15 Richest Members Of Congress and Senate Made Their Money. 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. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. 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. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. 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. 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. Even though she was present at both the Tate and LaBianca murders, because she was the key witness in District Attorney Vincent Bugliosi's prosecution of Charles . Feinstein herself reported over $1 million in a deposit account, while a considerable portion of her wealth at least $25 million was held in a blind trust. . The Washington Democrat and her husband both worked as executives at Microsoft. Top editors give you the stories you want delivered right to your inbox each weekday. 2023 Celebrity Net Worth / All Rights Reserved. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. That is the highest disclosure category. Terms of Service apply. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. She is a newcomer to Congress, joining the ranks in 2021. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. 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. 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. Senator John Kerry (D-MA). Oct. 29, 20153 PM Central. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Michael McCaul (R-Texas), Net worth: $143 million . She has served and supported a number of organizations in San Antonio which include Chairman of the Board and President of the Charity Ball Association; Advisory Board of Texans CAN; President of the Cancer Center Council (CTRC); President of the Cystic Fibrosis Foundation; President of Young Art Patrons (SAMA); the Advisory Board of the Animal Defense League; the Blue Ribbon Committee of the Girl Scouts;the Advisory Board of the Cancer Center Council;Family Service Association; Task Force to Strengthen the United Way; Big Brothers Big Sisters and the San Antonio Public Library. 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. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. She attended the University of Miami (B.S.) 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. 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. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. Things you buy through our links may earn New York a commission. For starters, he doesn't have any liabilities to report. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. Michael McCaul also doesn't have any liabilities or debts in his financial disclosure, but a large portion of his wealth comes from his wife. McCaul said that the bill was "an important step toward addressing the cyber threat." 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. That trust generated more than $1 million in income last year. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. 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. Amplify your impact and donate now. McCaul's net worth increased from $20.9 million to $26.7 million in two years. The Brutal Layoffs at Twitter Just Keep Coming. 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. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. 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. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. Does this have something to do with that Texas miracle we keep hearing about? Scott, who assumed office in 2019, cemented his No. Starting. [22] In 2004, the same publication estimated his net worth at $12 million. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. Mrs. McCaul has a Master's Degree in oceanography and geology. 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. He also started Directed Electronics, a company that creates theft deterrents, and is CEO of Greene Properties, a real estate investment company with holdings throughout San Diego North County. 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. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . 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. 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. 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. His biggest investments are in Vanguard funds. 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. Scott holds relatively few individual stocks. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . At 60 years old, Michael McCaul height not available right now. Both of those businesses played a major part in his massive wealth. 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. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. Taking a closer look, the median net worth for the House was $896,000 (Democrats averaged 929,000 and Republicans 884,000), while the average Senator is sitting on roughly $2.5 million (Republicans averaged $2.9 million and Democrats $1.7 million). 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. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. The recently released wealth list fromRoll Call, a news outlet that covers Capitol Hill, annually compiles and ranks the financial reports of the members, which only require lawmakers to give broad ranges of value. This email will be used to sign into all New York sites. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. In addition, she is married to Blum Capital president and chairman Richard Blum. Prepare to be gobsmacked. Scott did not list any liabilities or debts in his filings. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. 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. He is a Rockefeller. Roger Williams $27.7 million. 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. Rep. Michael McCaul, R-Texas. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. Feinstein was also one of 52 members of Congress that violated the STOCK Act when she was late in disclosing a five-figure payment her husband made to a polling company directed at young people. His wife Linda is the daughter of Clear Channel founder Lowry Mays. The philosophical debate behind the lab-leak question. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. View popular celebrities life details, birth signs and real ages. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. So, who's got the highest net worth in the House and Senate? Of the 195 Republicans who voted, all voted against both impeachment articles. Warner has also been a venture capitalist. He married into it. His mom, Laura, is an American professional golfer who . Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Here's a look at what it found for the Texans on the richest and poorest lists. Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. About Michael Thomas McCaul, Sr. Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. Running for Congress costs cash money. Hern disclosed two liabilities: at least $500,000 used to purchase a McDonald's restaurant, and at least $1 million that his spouse used to buy a separate company. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. In short, they had lives before they joined the United States government in an official capacity. 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. Right-wing board to clamp down on woke ideology in cartoons. 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. 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