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. McCaul did not list any liabilities or debts in his financial disclosure. 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 worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. and Texas A&M University (M.S.). She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. Jay is an heir to oil tycoon John D. Rockefeller. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. . 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. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. 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. In addition to participating in various volunteer activities, Mark also serves on the Vanderbilt University Board of Trust, the Board of the Alamo Area Council of Boy Scouts of America,the Texas Biomedical Research Foundation and the Southwest Research Institute Board. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 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. Linda and her 4 daughters are active members of the National Charity League. Senator Blumenthal's net worth dropped by more than $20 million over the past year. Also listed on his report was the Linda McCaul Descendant Trusts valued at over $50 million as well as two other trusts, owned by his dependent children, ranging in value from $1 million to $5 million and $25 million to $50 million respectively. In addition, she is married to Blum Capital president and chairman Richard Blum. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). Yet it may not be a loss for the left. 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. Linda Kasabian was a famous member of the Manson Family. By clicking Sign up, you agree to receive marketing emails from Insider Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. By Kira December 27, 2020 April 8, 2021. he 15 wealthiest members of Congress are worth a combined $1.3 billion. Trump made the same pledge in 2016, then said he wouldnt honor it. Members disclose the value of their assets in broad ranges. Some of them made crazy money. As a result, the figures are rough estimates of a members net worth. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. 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. Things you buy through our links may earn New York a commission. Here are the richest members currently serving in the House and Senate, based on their reported net worth. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. Linda is on the Board of Visitors at M.D. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. This password will be used to sign into all, How the Richest Member of Congress Got That Way. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. He attended Trinity University and earned his. Double your gift when you give by 6 p.m. Thursday. 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. Trone is a relatively new member of Congress he assumed office in 2019. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. With a net worth of $19.5 billion, as well as being the richest politician in America he . In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. Due to this influx of spousal wealth, McCaul unseated last years richest member of Congress, John Kerry the John Kerry married to Teresa Heinz Kerry of the ketchup fortune. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. The lawyer and former federal. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. This site is protected by reCAPTCHA and the Google Senator John Kerry (D-MA). 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. 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. 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. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. In 2005, he received Radio Ink's Lifetime Leadership Award. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Does this have something to do with that Texas miracle we keep hearing about? 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. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. 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. . 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. It's possible he does have. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Nope! Mrs. McCaul has a Master's Degree in oceanography and geology. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. His net worth has been growing significantly in 2021-2022. He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. The only assets that Pelosi reported owning or joint-owning were her home in Napa, California, and a Wells Fargo bank account containing less than $15,000. Discover today's celebrity birthdays and explore famous people who share your birthday. The sport desperately needs to change, no matter how loudly purists complain. Sure, you have political donations, fundraisers to drum up the money, and money from either the Democrats or Republicans, but it still is an expensive endeavor. View popular celebrities life details, birth signs and real ages. 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). McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. 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. Why young migrant workers are illegally filling a void in the job market. In addition, lawmakers do not have to include their principal residences. 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