It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. 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. Michael McCaul (R-Texas), Net worth: $143 million . 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. 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. How The 15 Richest Members Of Congress and Senate Made Their Money. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. Michael McCaul Net worth Growth. Prepare to be gobsmacked. Most of his fortune comes from his. And much of Romney's fortune is in Goldman Sachs mutual funds. 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. Discover today's celebrity birthdays and explore famous people who share your birthday. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. 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 2015 she was named "Angel of the Shelter" by the Children's Shelter. Senator Blumenthal's net worth dropped by more than $20 million over the past year. His mom, Laura, is an American professional golfer who . Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. . On December 18, 2019, McCaul voted against both articles of impeachment against Trump. 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. McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. The Virginia Democrat made his millions as the co-founder of Nextel. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. *Sorry, there was a problem signing you up. . For starters, he doesn't have any liabilities to report. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. In 2005, he received Radio Ink's Lifetime Leadership Award. 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 city threw out a Democratic mayor for the first time in decades. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. 6.Sen. She helped the Army obtain environmental permits to destroy the chemical weapons stockpiled in the U.S.Linda is the daughter of Peggy and Lowry Mays. 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. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. Mark Warner (D-Va . Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. Get the latest politics news from North Texas and beyond. 2023 Vox Media, LLC. Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. In addition, she is married to Blum Capital president and chairman Richard Blum. Sen. Mark Warner, Virginia, Democrat $93,534,098. A large portion of Dianne Feinstein's wealth comes from her husband. And a chatbot is not a human. Brianna Stone. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. Net worth: $200 million. 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. 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. Manning also reported an ownership interest in Stonefield Cellars Winery in North Carolina. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. Ranking the Net Worth of the 115th. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. 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. The McCauls have made the top 10 list for water usage several times, the Statesman reported. Most of his fortune comes from his wife, Linda McCaul. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. 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. Born in San Antonio, Texas, Mark and his wife Patti have six children. Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. Access your favorite topics in a personalized feed while you're on the go. 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. McCaul's net worth increased from $20.9 million to $26.7 million in two years. Trump made the same pledge in 2016, then said he wouldnt honor it. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. (Courtesy McCaul's office) McCaul's triplets. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. Residents become desensitized to the cost and water their lawns as they choose. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Her net worth is not presently known. Cynthia Malkin. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. Mura Holdings. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". 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. Collins was recently stripped of his committee assignments after being indicted for insider trading. Insider's calculations are conservative estimates based on the minimum values disclosed by members. 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. Oct. 29, 20153 PM Central. She is also a member of the U.S. Congressional Club. 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. Double your gift when you give by 6 p.m. Thursday. Linda Mays McCaul is the daughter of Lowry Mays, one of the . Linda Kasabian obituary . 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. Running for Congress costs cash money. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. She attended the University of Miami (B.S.) She also worked for the Central Intelligence Agency on biological warfare issues. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. Norman was elected to Congress in a special election in 2017 after President Donald Trump appointed his predecessor, Mick Mulvaney, to be the director of the Office of Management and Budget. 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