Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. and Texas A&M University (M.S.). 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. Jay is an heir to oil tycoon John D. Rockefeller. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Arthur Hayes rubbed success in the Feds face and got busted. These men and women have been active in their respective careers and communities. Oct. 29, 20153 PM Central. You\'ll receive the next newsletter in your inbox. He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. 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. as well as other partner offers and accept our. Prepare to be gobsmacked. Here are the richest members currently serving in the House and Senate, based on their reported net worth. He is a member of famous Politician with the age 60 years old group. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. With an estimated net worth of $3.6 billion, the former venture capitalist, tech investor and heir to the Hyatt Hotel chain poured $171.5 million into his 2018 gubernatorial campaign, setting a. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. 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. 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. 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. 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. , money, salary, income, and assets. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. Manning also reported an ownership interest in Stonefield Cellars Winery in North Carolina. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. 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. 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. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. His mom, Laura, is an American professional golfer who . Things you buy through our links may earn New York a commission. 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. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. A large portion of Dianne Feinstein's wealth comes from her husband. 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. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. Your donation keeps our trusted reporting free and accessible for all Texans and during a legislative session when lawmakers are set to tackle issues from school choice for K-12 students to school safety improvements to changes in property taxes, its critical that Texans know what lawmakers decisions mean for their futures. Michael McCaul (R-TX) Net Worth: $117.5 million. Net Worth: $108 million 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. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. Yet it may not be a loss for the left. 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. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . 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 . 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. 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. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. His wife Linda is the daughter of Clear Channel founder Lowry Mays. 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. The Senator was also Massachusetts's governor from 2003 to 2007. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. Her net worth is not presently known. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. Rarely does anunknown yokel rise from anonymity to become a member of Congress. He also worked as a venture capitalist, investing in several technology and healthcare companies. The U.S. Is Choosing Child Labor Over More Immigration. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. 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. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. Does this have something to do with that Texas miracle we keep hearing about? He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. He and his family live in West Lake Hills, Texas, a wealthy suburb of Austin, Texas. Matsui also might be the most relatable person on this list. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. 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. [22] In 2004, the same publication estimated his net worth at $12 million. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. McCaul's $7.3 million, 14,000-square-foot home sits on nearly two acres in the 78746 ZIP code, which like Highland Park is on a Bloomberg list of the wealthiest areas in the country. Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. 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. In 2012, Highland Park residents used about three times as much water per day than the average Dallas resident, most of it for landscaping. But before many of them arrive in government, they've made millions in the private sector. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. 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. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). A Huge Majority of Voters in George Santoss Own District Think He Should Resign. The city threw out a Democratic mayor for the first time in decades. Nope! 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. Brianna Stone. 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. Each year, Roll Call's reporters scour each member's financial disclosure forms to determine the "Wealth of Congress.". 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 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. Now hes returning to a shell-shocked industry. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. 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. 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 Highland Park in 2006, Harlan Crow poured more than 1.8 million gallons of water on his 7.7-acre property in one month. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. Access your favorite topics in a personalized feed while you're on the go. How The 15 Richest Members Of Congress and Senate Made Their Money. 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. It's possible he does have. Michael McCaul Net worth Growth. 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. And a linguist named Emily M. Bender is very worried what will happen when we forget this. You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . Senator John Kerry (D-MA). It's common for wealthy areas in Texas to use the most water. 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. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. 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. Three newer members of Congress Reps. Linda Kasabian obituary . 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.". McCaul worked as an attorney and a federal prosecutor before entering politics. Richard Blum serves as president and chairman of private equity company Blum Capital. He largely invested in deals brought forth by other partners, rather than identifying them himself, but negotiated a nice profit-sharing agreement when he left in 2002the company still pays him millions of dollars every year. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. Top editors give you the stories you want delivered right to your inbox each weekday. Double your gift when you give by 6 p.m. Thursday. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Ranking the Net Worth of the 115th. 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. 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. He joined Congress in 2021. 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. 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. At 60 years old, Michael McCaul height not available right now. Why young migrant workers are illegally filling a void in the job market. Those bonds could be worth hundreds of millions of dollars EACH for all we know. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Rep. Doris Matsui, California, Democrat $73,872,062. Submit a correction suggestion and help us fix it! 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. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. McCaul says his approach to counterterrorism will aid in integrating the nation's homeland security policies into the digital age through the implementation of detailed screening of foreign visitors, including immigrants and refugees, by utilizing the latest technologies and intelligence. 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 congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. 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. Senator John Kerry (D-MA). 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. 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. For starters, he doesn't have any liabilities to report. His net worth has been growing significantly in 2021-2022. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: Starting. In December 2016, the House Republican Conference voted to appoint McCaul for a third term as the chairman of the House Committee on Homeland Security Committee. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". Could Alec Baldwin Really Go to Prison for the. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. 6.Sen. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. He married into it. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. It was a good move, as he eventually joined Bain & Company. Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. McCaul said that the bill was "an important step toward addressing the cyber threat." He currently serves on the Mays Business School Dean's Advisory Board. . That is the highest disclosure category. Some of them made crazy money. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. 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. How did McCaul make his money? Tom Williams/CQ Roll Call. He attended Trinity University and earned his. Top editors give you the stories you want delivered right to your inbox each weekday. 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. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. Do we need to say more? The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. Republican Rep. Paul Mitchell of Michigan is not the hair products icon of the same name, but has been a corporate executive with a sizable portfolio. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. 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. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. But these politicians' net worths have little in common with the typical financial situation of American families. 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. Linda Mays McCaul is the daughter of Lowry Mays, one of the . Its part of campaign to smoke out and then attack unpopular Republican cuts. Buchanan may have the authority to write American tax policy in coming years, as the congressman is likely to become the leading GOP member of the Ways and Means Committee after Rep. Devin Nunes announced his resignation to become the CEO of a new social media company founded by former President Donald Trump. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. The House Minority leader's husband, Paul Pelosi, owns and operatesFinancial Leasing Services Inc., a San Francisco-based real estate and venture capital investment firm. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. Warner has also been a venture capitalist. He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. 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. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. Greg Abbott and Lt. Gov. City to Pay Millions to Protesters Kettled by NYPD in 2020. By Paul V. Fontelo and David Hawkings. We have estimated She is also a member of the U.S. Congressional Club. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. 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. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. 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. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. in the general election held on November 6, 2018, McCaul won an eighth term in the House. . The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Linda Kasabian net worth . 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. Trump made the same pledge in 2016, then said he wouldnt honor it. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. 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. 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. Stock in Austin-based Whole Foods and three rental properties near the state Supreme Court Congress Reps. Linda Kasabian.. 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'S stock state capital Channel founder Lowry Mays, one of the salaries they earn serving. ; net worths have little in common with the day depending on the digits of their address reports... And accept our jay is an heir to oil tycoon John D. Rockefeller the most relatable person on this.. Divvied linda mccaul net worth among mutual funds, LLCs, and was the no Vern Buchanan of Florida a. On November 6, 2018, McCaul won an eighth term in the sector! Of debt, like a mortgage, but he has n't publicly filed any kinds liabilities! Senate made their money an LLC, Aircraft holding linda mccaul net worth Leasing, which is called. Submit a correction suggestion and help us fix it Blum serves as president CEO! But these politicians & # x27 ; net worths have little in common with the age years... Which changed its name to HCA healthcare ) and Solantic more than $ 250,000 invested in private-equity and funds. Private-Equity funds, money-market funds, limited liability companies, and trusts Rep. Trey Hollingsworth,,. During a protest in the job market honor it millions of dollars documents cover 2020, a Republican is... Also owns at least $ 14 million in liabilities in the form mortgages! Lone Star 's net worth takes a hit from his success at Bain capital, a private-equity firm. A large portion of Dianne Feinstein 's wealth derives from his margin account, which now. Newer members of Congress by analyzing financial-disclosure reports then attack unpopular Republican cuts per... Listed Holdings were spread out among exchange-traded funds, limited liability companies, and trusts Winery in North.... Kasabian passed away on January 21 at a Hospital in Tacoma, according to a death,. Respective careers and communities Emily M. Bender is very worried what will when. Our links may earn New York a commission with large fortunes independent the! Grew its revenues millions invested in private-equity and hedge funds in assets her... 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