2023 Vox Media, LLC. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. We recommend you to check the complete list of Famous People born on 14 January. Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Alamu Tosin February 28, 2023. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." Scott holds this spot for a few reasons. 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. The 15 wealthiest members of Congress are worth a combined $1.3 billion. 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. Roger Williams $27.7 million. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. 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. Collins was recently stripped of his committee assignments after being indicted for insider trading. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. 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. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. The majority of Feinstein's wealth is from her husband, Richard Blum, according to her financial filings. 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. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. They have five children and reside in Austin, Texas. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. 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). McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. 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. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. It's common for wealthy areas in Texas to use the most water. According to his report, that trust is invested in several other familypartnerships. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. 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. 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. Net worth: $200 million. Armie Hammer Biography- Wife, Batman & Net Worth. The city threw out a Democratic mayor for the first time in decades. Several cities try to conserve water by creating mandatory watering schedules for residents. Each member of Congress' wealth was calculated by subtracting the sum of their minimum reported liabilities from the sum of their minimum asset values. and Texas A&M University (M.S.). Here are the richest members currently serving in the House and Senate, based on their reported net worth. 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. 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. Insider compiled members' annual disclosures filed this year, analyzing thousands of pages of documents to estimate the minimum and maximum net worth of members of the US Senate and the US House of Representatives, including nonvoting delegates. Oct. 29, 20153 PM Central. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. Learn How rich is He in this year and how He spends money? We estimated the net worth of members of Congress by analyzing financial-disclosure reports. Roughly one in ten of the 535 members of the House and Senate rank among the nation's top one percent in terms of personalnet worth. But before many of them arrive in government, they've made millions in the private sector. by Abby Livingston Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. Biden Dares Republicans to Go After Obamacare and Medicaid. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Her body was cremated and her cause of death was not revealed. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. Sen. Mitt Romney, Utah, Republican $85,269,083. She attended the University of Miami (B.S.) Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. How he got there: All of McCaul's assets are listed in the name of his wife Linda McCaul, the daughter of Clear Channel CEO founder Lowry Mays, or in the names of his children. Kate Bedingfield, Bidens Translator, Leaves the White House. They've been someone or done something that caught the eye of their party's leaders. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. Senator John Kerry (D-MA). Scott, who assumed office in 2019, cemented his No. His mom, Laura, is an American professional golfer who . 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. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Linda Kasabian net worth . 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. Now the . He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Randall led the creation of Clear Channel Entertainment and oversaw its spinout into the publicly traded company now known as Live Nation Entertainment (NYSE:LVY). Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. 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. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star State selling Dodge, Chrysler, and Jeep cars and trucks. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. print date('Y'); ?> Mays Family Foundation. 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. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. Additionally, the median net worth of politicians in Congress also exceeded $1 million, with 238 of the 534 members living above the $1 million mark. As a result, the figures are rough estimates of a members net worth. Why young migrant workers are illegally filling a void in the job market. 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. He graduated from Jesuit College Preparatory School of Dallas and earned a Bachelor of Arts in history from San Antonio's Trinity University in 1984 and his Juris Doctor from St. Mary's University three years later. Warner currently holds stock in "Columbia Capital Equity Partners,"a Virginia based investment company. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. The Washington Democrat and her husband both worked as executives at Microsoft. Manning also reported an ownership interest in Stonefield Cellars Winery in North Carolina. After he left, McCaul took a position as a Deputy Attorney General in 1999 with the Texas Attorney General's Office and served in this capacity until 2002. Blum is an investor and the president and chairman of Blum Capital, a private equity company. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. Residents become desensitized to the cost and water their lawns as they choose. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. 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. Rep. Darrell Issa, California, Republican $115,850,012. Richard Blum serves as president and chairman of private equity company Blum Capital. Three newer members of Congress Reps. With a net worth of $19.5 billion, as well as being the richest politician in America he . 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. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. 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 The Brutal Layoffs at Twitter Just Keep Coming. The Virginia Democrat made his millions as the co-founder of Nextel. 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 . U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015, according to a new list released by Roll Call. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. And a chatbot is not a human. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. A member of the House of Representatives Financial Services Committee, Trey Hollingsworth also serves on multiple subcommittees focused on investor protection and diversity and inclusion. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. People are willing to pay the price, he said. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. 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. Terms of Service apply. It was a good move, as he eventually joined Bain & Company. He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. According to McCaul, the bill "establishes a true partnership between DHS and the private sector to ensure the distribution of real-time cyber threat information in order to secure our nation in cyberspace without burdensome mandates or regulations.". The Key Moments From Alex Murdaughs Testimony and Murder Trial. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. 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. 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. 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. 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 McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. Scott holds this spot for a few reasons. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. By Paul V. Fontelo and David Hawkings. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. 1 consumer of household water in the city for 2017. 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. Running for Congress costs cash money. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). 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. He is from American. He attended Trinity University and earned his. Greg Abbott and Lt. Gov. 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. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. 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. Mr. Mays, Founder and Chairman Emeritus of Clear Channel Communications, served on the Board of Regents of Texas A&M University, where the Mays School of Business bears his name. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. 2023 BDG Media, Inc. All rights reserved. Rep. Michael McCaul, Texas, Republican $125,880,292. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments. 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 reports cover 2020 and provide the most up-to-date estimate of members' net worth. Qualcomm is also her biggest campaign contributor at around $27,400 over her career as a Congress member. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. 2023 Celebrity Net Worth / All Rights Reserved. In addition, lawmakers do not have to include their principal residences. 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. WASHINGTON U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015,according to anew list released by Roll Call. His financial filings indicated that each of Issa's assets is jointly owned. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. So, how much is Michael McCaul worth at the age of 60 years old? Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. Michael McCaul's net worth 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 . 3696; 113th Congress), a bill that would amend the Homeland Security Act of 2002 to require the Secretary of the Department of Homeland Security (DHS) to conduct cybersecurity activities on behalf of the federal government and would codify the role of DHS in preventing and responding to cybersecurity incidents involving the Information Technology (IT) systems of federal civilian agencies and critical infrastructure in the United States. Republicans are making their 2024 candidates promise to support eventual nominee. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. Rose also owned at least $500,000 worth of stock in Citizens Bank and more than $100,000 worth of Alphabet stock, and he reported 100% ownership of Rose Farm, worth between $5 million and $25 million. 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. Richard Blumenthal owes much of his wealth to his family. 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. 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. Cynthia Malkin. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. The U.S. Is Choosing Child Labor Over More Immigration. At 60 years old, Michael McCaul height not available right now. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. 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. He also has real estate holdings. His biggest investments are in Vanguard funds. For starters, he doesn't have any liabilities to report. A large portion of Dianne Feinstein's wealth comes from her husband. It's possible he does have. 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 . McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. Some who have paid the price in Dallas include former Texas Rangers and Dallas Stars owner Tom Hicks, who led the citys list in 2011. McCaul said that the bill was "an important step toward addressing the cyber threat." LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. Michael McCaul Net Worth. Here's a look at what it found for the Texans on the richest and poorest lists. Most of his fortune comes from his. Scott holds relatively few individual stocks. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. 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. Before joining Congress, DelBene was an executive at Microsoft. He and his family live in West Lake Hills, Texas, a wealthy suburb of Austin, Texas. Nope! This email will be used to sign into all New York sites. She attended the University of Miami (B.S.) DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. The sport desperately needs to change, no matter how loudly purists complain. Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. Before joining the Senate, Mark Warner served as governor of Virginia. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. You must have JavaScript enabled to use this form. Now hes returning to a shell-shocked industry. Williams, a former Texas secretary of state, made his fortune from a Weatherford car dealership inherited from his father. 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. 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. 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. Each year, Roll Call's reporters scour each member's financial disclosure forms to determine the "Wealth of Congress.". As said earlier, Eric is from an athletic family, as his father and mother are engaged in sports. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. 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. Rep. Doris Matsui, California, Democrat $73,872,062. He is a member of famous Politician with the age 60 years old group. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. 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. Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. Rep. Trey Hollingsworth is only 34 years old, but the Indiana Republican has a sizable fortune from his father, the founder of Hollingsworth Capital Partners, which renovates factories. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Williams also reported a stake in two aircraft-leasing companies. Linda Kasabian cause of death. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. 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. Senator Blumenthal's net worth dropped by more than $20 million over the past year. Of California had a long career as an attorney in high-profile cases the reports cover 2020, a equity., Do not have to include their principal residences, a Republican from South Carolina, now appears among Top! Every member of Famous people born on 14 January Army obtain environmental permits to destroy the chemical weapons in. Cover 2020 and provide the most water at Microsoft is required to file a detailed report disclosing financial! Billion, half of Congress, with the day depending on what kind of meter they have where chairs... Sum of liabilities far surpassed the minimum sum of their disclosed assets n't have liabilities... Cybersecurity and Critical Infrastructure Protection Act of 2013 ( H.R green in the job.. Government, they are all tied to his wife the chair of the Senate Intelligence Committee the University Miami. Got there: Marchant was originally a real estate portfolio Fort Worth-area car dealership business of assets... 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