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Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. Warner has also been a venture capitalist. 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. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. 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. Shortly after his discharge from the military in 1980, Issa and his second wife Kathy Stanton sold their cars, borrowed $50,000 from friends, and combined their savings to invest in Quantum Enterprises, an electronics manufacturer that developed consumer products for other companies. About Michael Thomas McCaul, Sr. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. 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. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. Several cities try to conserve water by creating mandatory watering schedules for residents. 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 . 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. 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. She attended the University of Miami (B.S.) He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. Before venturing into politics, the 3-term senator and former Virginia governor ran a venture-capital firm, Columbia Capital, and a telecom company, Capital Cellular Corporation. 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. He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. 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. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. 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. For starters, he doesn't have any liabilities to report. Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. Trump made the same pledge in 2016, then said he wouldnt honor it. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. Its part of campaign to smoke out and then attack unpopular Republican cuts. 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. Access your favorite topics in a personalized feed while you're on the go. McCaul is thought to be the second-richest person in Congress, though none of the assets or holdings reported in his 65-page financial disclosure were his alone, belonging to his wife or dependent children. Things you buy through our links may earn New York a commission. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. It's possible he does have. 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. Why young migrant workers are illegally filling a void in the job market. 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. Now the largest owner of radio stations in the country, it has become iHeartCommunications since the Mays family sold much of its stake in a leveraged buyout a decade ago, said the Roll Call report. Malkin is the daughter of real estate mogul Peter Malkin. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. Michael Thomas McCaul Sr. (born January 14, 1962 in Dallas, Texas) is an American attorney and politician serving as the U.S. Representative for Texas's 10th congressional district , since 2005. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Trone is a relatively new member of Congress he assumed office in 2019. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Congress membersthey're just like us! 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. 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. as well as other partner offers and accept our. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. As a result, McCaul's reported net worth jumped from at least $73.75 million in 2009 to at least $294 million in 2010, according to Roll Call's prior assessments. She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. 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). For more on Roll Call's Wealth of Congress list, read the paper'sfull article. 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. Read more about Insider's methodology. He and his family live in West Lake Hills, Texas, a wealthy suburb of Austin, Texas. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. Since then, the state has allowed some residential water users to opt for confidentiality. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. Texas two U.S. senators are far down the list, with Ted Cruz clocking in at 332nd with a net worth of $200,000 and John Cornyn at 390th with a wealth value estimated at zero, with $500,000 in assets and $500,000 in liabilities. His net worth has been growing significantly in 2021-2022. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". 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. 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 . 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. 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. Privacy Policy and In addition, lawmakers do not have to include their principal residences. 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. You\'ll receive the next newsletter in your inbox. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. 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. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. Scott holds relatively few individual stocks. The lawyer and former federal. 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. 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. 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. 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. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. His wife Linda is the daughter of Clear Channel founder Lowry Mays. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. City to Pay Millions to Protesters Kettled by NYPD in 2020. 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. Brianna Stone. Now the . Michael McCaul Net Worth. He joined Congress in 2021. Republicans are making their 2024 candidates promise to support eventual nominee. Williams, also a Republican, ranks 22nd overall and second among the Texas lawmakers with a net worth of $27.7 million and Doggett, a Democrat, is 36th overall and the third-wealthiest Texas member of Congress with an estimated net worth of $13.1 million. 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. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. 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. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. By clicking Sign up, you agree to receive marketing emails from Insider Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. Senator John Kerry (D-MA). Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. Actor. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. Dan Patrick on border security on Feb. 18, 2015. He did this before he turned 40, which is when he turned his ambitions towards politics. 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. Wealthy suburb of Austin, Texas stocks owned by his spouse were acquired via a gift from spouses.! Graduated from Vanderbilt with a net worth of $ 174,000, which is when he turned 40, which well! 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