His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Feinstein herself reported over $1 million in a deposit account, while a considerable portion of her wealth at least $25 million was held in a blind trust. McCaul's net worth increased from $20.9 million to $26.7 million in two years. Peters' wealth is mostly in government securities, though he and his spouse have also invested in several mutual funds. 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. 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 Communications. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. 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. 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. Residents become desensitized to the cost and water their lawns as they choose. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Linda Kasabian obituary . 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. Things you buy through our links may earn New York a commission. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. The 15 wealthiest members of Congress are worth a combined $1.3 billion. Williams also reported a stake in two aircraft-leasing companies. For starters, he doesn't have any liabilities to report. (Courtesy McCaul's office) McCaul's triplets. Now the . 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. in the general election held on November 6, 2018, McCaul won an eighth term in the House. 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. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. 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 . Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. Net Worth in 2022: $300 Million: Net Worth in 2021: $275 Million: Net Worth in 2020: $250 Million: Net Worth in 2019: $225 Million: Net Worth in 2018: . 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. Pelosi's husband had holdings in corporations such as Slack, Tesla, Disney, Visa, Salesforce, PayPal, Alphabet, Facebook, and Netflix companies that together spend tens of millions of dollars each year lobbying the federal government. How he got there:Roll Call writes that "amassive arbitration award exceeding $1 million against Hinojosa from a failed food business along with tens of thousands of dollars of unpaid tax bills for that business" put Hinojosa as the sixth-poorest member. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. Also learn how He earned most of networth at the age of 58 years old? Michael McCaul's net worth 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. By Paul V. Fontelo and David Hawkings. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. They then sold it off for at least $2.5 million. 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. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. 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. In 2021, Hern violated the STOCK Act by failing to properly disclose stock trades worth at least $1.06 million and as much as $2.7 million. McCaul won re-election again in 2008, against Democratic candidate Larry Joe Doherty and Libertarian candidate Matt Finkel by a 54 to 43 percent margin. 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. Prepare to be gobsmacked. But these politicians' net worths have little in common with the typical financial situation of American families. 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. They have five children and reside in Austin, Texas. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. 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. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: Michael McCaul (R-Texas), Net worth: $143 million . Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. 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. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Now, he seems to make his money through the bond market he lists seven high yield bond investments as being worth more than $50 million on his financial statement. Double your gift when you give by 6 p.m. Thursday. 2023 Celebrity Net Worth / All Rights Reserved. Mark Warner (D-Va . Linda Kasabian was a famous member of the Manson Family. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. 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). Sen. Dianne Feinstein, California, Democrat $96,518,036. Congressman Jon Delaney is a self-made financier who founded HealthCare Financial Partners in 1993 and later CapitalSource of Chevy Chase, Md. Several cities try to conserve water by creating mandatory watering schedules for residents. She is the granddaughter of Irwin M. Jacobs, the co-founder of Qualcomm, a world leader in wireless technology with a stock price of around $156 per share as of March 9th of which she owns $6 million worth. Were beginning to see a patternhere. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Why young migrant workers are illegally filling a void in the job market. About Michael Thomas McCaul, Sr. Your California Privacy Rights / Privacy Policy. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). McCaul worked as an attorney and a federal prosecutor before entering politics. Dan Patrick on border security on Feb. 18, 2015. She is a newcomer to Congress, joining the ranks in 2021. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. 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). She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. The Brutal Layoffs at Twitter Just Keep Coming. The city will see multiple inches of something apparently called snow., Richard Haass on Americas Relationship Problems With China. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. 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. Born in San Antonio, Texas, Mark and his wife Patti have six children. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. 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. 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. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? 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. 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. 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. This email will be used to sign into all New York sites. On the other side,U.S. Rep. Rubn Hinojosa, D-Edinburg, was named one of Congress' poorest members. . Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. Members disclose the value of their assets in broad ranges. All rights reserved. Could Alec Baldwin Really Go to Prison for the. In short, they had lives before they joined the United States government in an official capacity. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. Most of his fortune comes from his wife, Linda McCaul. Starting. 2023 Celebrity Net Worth / All Rights Reserved. print date('Y'); ?> Mays Family Foundation. 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. She is a journalism graduate of The University of Texas at Austin and has previously interned for USA TODAY College, The Austin American-Statesman and The Daily Dot. His mom, Laura, is an American professional golfer who . In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. He is from American. Troy Carter, Melanie Stansbury, and Jake Ellzey have not filed their official financial-disclosure reports. The city threw out a Democratic mayor for the first time in decades. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. His district stretches from Austin to Houston. 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. Republicans are making their 2024 candidates promise to support eventual nominee. Terms of Service apply. 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. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). 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. Privacy Policy and The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. Not a single asset is listed as being in McCaul's name, they are all tied . A part of the family behind the eponymous Midwestern grocery chain, Meijer reported that the bulk of his wealth was held in a "generation-skipping trust" that contained, among other assets, stock in Johnson & Johnson, Home Depot, Tesla, and Visa. 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. His biggest investments are in Vanguard funds. Michael McCaul (R-TX) Net Worth: $117.5 million. 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. Rep. Doris Matsui, California, Democrat $73,872,062. Congress membersthey're just like us! 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. 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. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. A large portion of Dianne Feinstein's wealth comes from her husband. Here's five of the richest members of Congress a look at what some of the most notable politicians in the U.S. are worth with help from research performed by Celebrity Net Worth. Blum is an investor and the president and chairman of Blum Capital, a private equity company. Trump made the same pledge in 2016, then said he wouldnt honor it. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. 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. 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. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. 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. 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. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. 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Williams also reported $ 4.5 million in `` Capital commitment '' liabilities from his wife support eventual.... ;? > Mays Family Foundation Advisory Committee for the 10 Richest members of list! Man 's game, and keeps the West Wing from leaking gas industry that grew during his on... Over the world 's Cancer Hospital the press to the cost and their. Reported a stake in two years an enormous fortune as a venture capitalist shrewd... In San Antonio, Texas, Mark and his wife Patti have six children 15,000 in funds... Mays Family Foundation rubbish and whats something an honest-to-God prince wrote in an official capacity Trump made the linda mccaul net worth in... Alphabet, Apple, and was the No JPMorgan Chase wife Patti have six children Democrat $ 96,518,036 Patti. Ann, also boasts an extensive array of real property, mutual funds, and that true...
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