The trusts contain a combination of mutual funds, stocks, and electronic funds. 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. Rep. Michael McCaul, Texas, Republican $125,880,292. 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. Kate Bedingfield, Bidens Translator, Leaves the White House. For starters, he doesn't have any liabilities to report. Warner currently holds stock in "Columbia Capital Equity Partners,"a Virginia based investment company. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. 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. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. 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. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. McCaul likewise added two trusts under the ownership of his dependent children, including one trust valued at $25 million to $50 million and another at $1 million to $5million. One of Norman's IRA's is worth at least $5 million. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. 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. 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. The city will see multiple inches of something apparently called snow., Richard Haass on Americas Relationship Problems With China. print date('Y'); ?> Mays Family Foundation. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. Norman was elected to Congress in a special election in 2017 after President Donald Trump appointed his predecessor, Mick Mulvaney, to be the director of the Office of Management and Budget. Linda Kasabian obituary . The cause of her death has not been immediately . Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". Before joining Congress, DelBene was an executive at Microsoft. Both of those businesses played a major part in his massive wealth. 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. How The 15 Richest Members Of Congress and Senate Made Their Money. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. 6.Sen. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. In addition, she is married to Blum Capital president and chairman Richard Blum. 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. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. 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. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . Michael McCauls income source is mostly from being a successful Politician. Issa listed one liability: a margin account holding him liable for over $50 million. Republican Rep. Michael McCaul of oil-rich Texas is Congress's biggest fossil fuel investor, owning between $8.2 million and $19.1 million worth of stock in oil, gas, and coal . Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. Members disclose the value of their assets in broad ranges. Sen. Dianne Feinstein, California, Democrat $96,518,036. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Three newer members of Congress Reps. Oct. 29, 20153 PM Central. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. He attended Trinity University and earned his. GOP members of Congress own as much as $60.4 million in fossil fuel stocks, while Democrats and an independent who caucuses with the Democrats own up to $32.3 million. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. 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. Richard Blum serves as president and chairman of private equity company Blum Capital. 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. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. Malkin is the daughter of real estate mogul Peter Malkin. Insider used these members' "candidate reports," some of which include financial data from 2021. 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. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. Born in San Antonio, Texas, Mark and his wife Patti have six children. The lawyer and former federal. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. Privacy Policy and Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. Get the latest politics news from North Texas and beyond. Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. Notable stocks held by Hern and his family included more than $250,000 worth of Amazon, at least $100,000 worth of Alphabet, and more than $530,000 worth of Microsoft. Williams, a former Texas secretary of state, made his fortune from a Weatherford car dealership inherited from his father. About Michael Thomas McCaul, Sr. All Rights Reserved. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. Congress membersthey're just like us! The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. 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 a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. A footnote to McCauls newest report notes that certain assets owned by his spouse were acquired via a gift from spouses parents. The accounts were notidentified. Brianna Stone. McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. His dad and mom raised him in Palm Springs, CA. Cynthia Malkin. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. 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 district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." 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. Arthur Hayes rubbed success in the Feds face and got busted. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. Khanna's father-in-law, Monte Ahuja, is also founder and CEO of the automotive transmission giant Transtar, another contributor to Rep. Khanna's substantial net worth. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. In short, they had lives before they joined the United States government in an official capacity. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. Williams also reported a stake in two aircraft-leasing companies. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. These men and women have been active in their respective careers and communities. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. Senator John Kerry. . It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. Watch: Fox News Cant Find DeSantis Fans in a Florida Diner, Trump to Seniors: DeSantis Is Your Mortal Enemy, Trump is now attacking DeSantis for his past support of cuts in Social Security and Medicare, calling him a wheelchair off the cliff kind of guy., For $33.09, You Can Hear Prince Harry Unpack His Trauma Again. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. 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. Ranking the Net Worth of the 115th. 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). Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. 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