Three other Texans made the top-50 list, while one Texan was on the list of poorest members. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. 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. People are willing to pay the price, he said. He also worked as a venture capitalist, investing in several technology and healthcare companies. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. She also worked for the Central Intelligence Agency on biological warfare issues. Sen. Mark Warner, Virginia, Democrat $93,534,098. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. and Texas A&M University (M.S.). Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. Scott holds this spot for a few reasons. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. 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. But before many of them arrive in government, they've made millions in the private sector. 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. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. 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. In a statement, Mrvan said: "I am responsible for the actions of my office, and I take sole responsibility for the honest data entry error on my financial disclosure form. 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. His biggest investments are in Vanguard funds. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. 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. His district stretches from Austin to Houston. Recognizing the humanitarian crisis in Yemen, McCaul explained his belief that approving the resolution would "disrupt US security cooperation agreements with more than 100 countries.". Both of those businesses played a major part in his massive wealth. The selection follows McCaul's recent publication of "A National Strategy to Win the War Against Islamist Terror", a compilation of more than 100 counterterrorism strategies and recommendations. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . In 2004, the same publication estimated his net worth at just $12 million: His wealth increase was due to large monetary transfers from his wife's family. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. 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. The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. He joined Congress in 2021. Linda is on the Board of Visitors at M.D. Things you buy through our links may earn New York a commission. The public employee retirement fund amount should have been in the thousands and not millions. McCaul won a seventh term in the House in the general election held on November 8, 2016. Now hes returning to a shell-shocked industry. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). 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 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. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Insider removed him from the list when Mrvan acknowledged filing an incorrect personal financial disclosure that erroneously inflated the value of a retirement account by tens of millions of dollars. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 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. Qualcomm is also her biggest campaign contributor at around $27,400 over her career as a Congress member. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. Now the . He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. Before joining Congress, DelBene was an executive at Microsoft. The 15 wealthiest members of Congress are worth a combined $1.3 billion. 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. DeSantis Promises Florida Will Control Disney Content. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. 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. 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. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. He attended Trinity University and earned his. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. 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 management consulting firm made him vice president the year after he joined, and a few years later, Romney started private equity firm Bain Capital. All rights reserved. City to Pay Millions to Protesters Kettled by NYPD in 2020. Congress membersthey're just like us! The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. His dad and mom raised him in Palm Springs, CA. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. 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. She is also a member of the U.S. Congressional Club. His wife Linda is the daughter of Clear Channel founder Lowry Mays. . In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. Discover today's celebrity birthdays and explore famous people who share your birthday. Minimum net worth: $305.46 million McCaul tops the list for the second year in a row with a reported minimum net worth that broke the $300 million mark. Armie Hammer Biography- Wife, Batman & Net Worth. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. Several cities try to conserve water by creating mandatory watering schedules for residents. King Charles Evicts Harry and Meghan From House They Dont Live In. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. Running for Congress costs cash money. In 1994, Kathryn was named Volunteer of the Year by the Cystic Fibrosis Foundation, in 2013 was the "Mother of the Year" honoree of Avance, and in 2014 was given the Lifetime Achievement Award from San Antonio Can. She attended the University of Miami (B.S.) Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. 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. Right-wing board to clamp down on woke ideology in cartoons. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. 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. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. Norman and his wife also hold more than $100,000 in stock in Exxon Mobil. View popular celebrities life details, birth signs and real ages. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. They then sold it off for at least $2.5 million. member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. 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. 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. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. Here are the richest members currently serving in the House and Senate, based on their reported net worth. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. 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. 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. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. Mark Warner (D-Va . McCaul said that the bill was "an important step toward addressing the cyber threat." 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. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. It was a good move, as he eventually joined Bain & Company. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. Upton also reported having at least $1 million in Pepsi stock. 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. On the other side,U.S. Rep. Rubn Hinojosa, D-Edinburg, was named one of Congress' poorest members. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Doggetts wealth struck Roll Call as unusual given that hes been a public servant most of his career, serving in the Legislature and on the Texas Supreme Court before being elected to Congress in 1994. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. Though he attended law school and passed the Michigan bar exam, Romney chose a career in business. This email will be used to sign into all New York sites. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. 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 . RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. The lion's share of McCaul's 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. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. 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. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. Insider's analysis does not include four members of Congress whose disclosures were uniquely complicated and lengthy, comprising hundreds of pages of handwritten or scanned documents: Reps. Ro Khanna of California, Vicente Gonzalez of Texas, Kurt Schrader of Oregon, and Harold Rogers of Kentucky. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. Its part of campaign to smoke out and then attack unpopular Republican cuts. 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. Her net worth is not presently known. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. He rejoined Congress in 2021. You must have JavaScript enabled to use this form. Tom Williams/CQ Roll Call. 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. 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. 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. 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 lawyer and former federal. 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