Other major assets include several Vanguard index funds he holds jointly with his wife, Transportation Secretary Elaine Chao. In the private sector, she practiced law at the Indianapolis firm of Ice Miller. 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. In the private sector, Bennet was managing director at Anschutz Investment Co. Bennet is currently campaigning to be the Democratic nominee for President. U.S. House of Representatives Republicans, U.S. House of Representatives Independents. OpenSecrets combines all assets and liability to form a total potential range of values, and then provides an average value as the best guess of each individual's net worth. Neal Dunn represents the 2nd District in Florida, which covers most of that state's panhandle. The majority of Risch's $15.6 million net worth is tied up in real estate. List of richest American politicians - Wikipedia Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. Senator must file.[8]. Fred Upton has been in Congress since 1987 and has served Michigan's 6th District located in the southwest corner of the state since 1993. The work paid $17,000 a year, or about $130,000 in today's dollars. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. Changes in Net Worth of U.S. Senators and Representatives (Personal In that case, a few very high numbers could, for instance, change the average, but they would not change the median. Warren and her husband Bruce, also a law professor at Harvard, have homes in Cambridge, Massachusetts, and in Washington, D.C. Sen. Chris Coons is in his first full term as senator from Delaware after defeating Tea Party candidate Christine O'Donnell by almost 17 points in a special election. Research: Josh Altic Vojsava Ramaj This is the first part of the Personal Gain Index. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. In September 2019, Sensenbrenner announced he would not seek reelection in the 2020 election. Click here to contact us for media inquiries, and please donate here to support our continued expansion. How Much Is Sen. Mitch McConnell Worth? - Forbes 5 Kelly Loeffler, who served between 2020-2021 as a Republican. Jim Risch has served Idaho on Capitol Hill as Senator since 2009. Every year members of congress are required by law to disclose certain financial information regarding personal assets and liabilities. Prior to his election to Congress, Shelby was an attorney. 15. Congressional net worth figures are a relatively small data set,[38] so Ballotpedia used average percentage changes throughout the study (adjusted as needed for outliers)[39] to best illustrate the average growth of wealth of members of Congress. Sen. Steve Daines served in a management position at Procter & Gamble, worked in his family's construction company, and was a vice president at a cloud-computing startup that was eventually bought by Oracle in 2012. 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. Take Our Poll: What Do You Plan To Use Your Tax Refund For? Paul also has invested in Apple, Disney, Comcast, and Facebook. He ran Sara Lee Corp.'s Asia unit and was an executive with Haggar Clothing and footwear company Reebok. The Richest Members of CongressAnd How They Made Their - Fortune Because the study focuses on percentage increases, a gap in the study it is difficult to determine a meaningful percentage for a member who had a starting net worth in the negatives but increased to a positive net worth by 2012. More than half of Isakson's estimated wealth is held in a blind trust he established in 2012. Scott, who assumed office in 2019, cemented his No. More than 14 months after leaving office - and while still contesting the 2020 election - former President Donald Trump has seen his net worth soar to $3 billion, according to brand . Let us know via politics@newsweek.com. Prior to his election to Congress, Marchant founded a construction and home building business. Sen. John Hoeven built his wealth by working in banking in North Dakota. Allen's net worth of $11.7 million is largely self-made. He was founder, chairman, and chief executive officer of Little Rock-based Delta Trust & Banking Corp. Richard C. Shelby of Alabama is in his sixth term as senator from Alabama and is the fifth-ranked Republican in seniority. majority of members of Congress are millionaires. Williams' wealth is primarily split among mutual funds, a few select stocks, real property, and the ownership of several car dealerships in Texas worth more than $5 million. Rep. Lisa Blunt Rochester of Delaware. Rep. Susan W. Brooks is serving her fourth term in Congress. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. Travel and travel-related reimbursements from a single source, valued at more than $305 in aggregate for the year and connected to official business and the source, dates, and purpose of the travel and itinerary. They occasionally also report the combined value of the account, in which case the combined value is omitted from calculations. Newsweek has asked Pelosi's office for comment. The Washington Free Beacon also estimated then that Pelosi's net worth had risen by $140 million since 2008. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". The data used to calculate changes in net worth may include changes resulting from assets gained through marriage, inheritance, changes in family estates and/or trusts, changes in family business ownership and many other variables unrelated to a member's behavior in Congress. 60. [3], The median American citizen[4] saw his or her household net worth decrease from 2004 to 2012 by an annual rate of -0.94 percent, while members of Congress experienced a median annual increase of 1.55 percent. For a direct comparison to each individual member's figures (as shown on his or her Ballotpedia profile), the yearly median change will correspond with each member's average yearly change. Here are those "poorest" members. Republican James Inhofe began his congressional career in the House of Representatives in 1987, serving Oklahoma's 1st District. Buchanan's wealth primarily comes from his ownership of several car dealerships, in addition to a limited liability company that was labeled as "Aircraft Holding & Leasing" and valued at $25 million to $50 million. Here's How Rich Every US Senator Is - Page 2 - 24/7 Wall St. 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. 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. Curtis was the former mayor of Provo, Utah, and a small business owner. Rep. Ann Wagner held management posts at Hallmark Cards and Ralston Purina before she was elected to the first of her four terms as a congresswoman from Missouri. She the resumed the speakership in 2019 and will hold that position until the end of the present Congress. Pence left Congress in 2012 to become the governor of Indiana. know the precise net worth of members of Congress, SCOTUS Now Just Another Congressional Committee, Secret Chinese Police Stations in Europe Are 'Tip of the Iceberg', Trump's Attorney Just Blew Carroll Rape Case, King Charles Says Royals Require 'Acting Ability', Ukraine Will Regain 'Significant Territory' From Russia, Florida GOP Paves the Way to Help Ron DeSantis Challenge Trump. Rep. Collin Peterson. 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. [7], This requirement also extends to candidates for federal office, senior congressional staff, nominees for executive branch positions, Cabinet members, the president and vice president and Supreme Court justices. Democrat Rosa DeLauro has represented Connecticut's 3rd District which covers the central part of the state along the coast since 1991. When possible OpenSecrets tried to determine a more accurate figure. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. Census figures were unavailable for the raw, excluding home equity figure -- this figure is an estimate calculated by applying the 2005 ratio of net worth excluding home equity to the net worth figure available for 2004 (which included home equity). J ust because you're . She is an emeritus professor at Harvard University. Bennet would be elected one year later. Before becoming vice president of mobile connections marketing for Microsoft which is headquartered in her district Delbene launched two successful internet startups. He also was the founding chairman of Summit Bank, based in Panama City. Fox News host Tucker Carlson speaks at a National Review Institute event on March 29, 2019, in Washington, D.C. Sen. Elizabeth Warren of Massachusetts. He is the great grandson of one of the key figures in the Kimberly-Clark Corporation, in which he once owned more than $2 million worth of stock. While financial disclosures show that Ocasio-Cortezs personal wealth has not skyrocketed during her time in Congress, her political fundraising has taken off alongside her national profile, according to Federal Elections Commission filings. External Relations: Moira Delaney Hannah Nelson Caroline Presnell Hollingsworth's wealth primarily comes from his involvement with Hollingsworth Capital Partners, a Tennessee group that builds and markets industrial facilities in 17 states, according to his financial disclosure. This is the first . In keeping with the method of calculating congressional net worth, home equity was withheld from the figure. The center's data for 2016 shows the members' financial data in three categories: minimum net worth, average and maximum net worth. With a total estimated net worth just shy of $11 million, Lowey is one of only a handful of women to rank among the 25 richest legislators. 5. Sign up to get that here. Sen. Elizabeth Warren, in her second term as senator from Massachusetts, is seeking the Democratic Party's nomination for president. "The embarrassment is just going to keep growing over this," Laura Harth, the campaign director at Safeguard Defenders, told Newsweek. Dodgett has a stake of at least half a million on the Whole Foods grocery store chain, which is headquartered in Austin, a city that falls partially with the district he represents. This number was found by dividing each member's total net worth growth percentage by the number of years included in the calculation. [40] The median figure can be beneficial in circumstances, like this one, where the high net worth of the wealthiest Americans can skew the average. Two Facebook users who shared the post did not respond to requests for comment. He owns and operates California real estate and venture capital investment and consulting firm Financial Leasing Services, whose holdings include a Napa Valley vineyard worth about $5 million.
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