Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. Scott holds relatively few individual stocks. (Courtesy McCaul's office) McCaul's triplets. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. Sen. Mark Warner, Virginia, Democrat $93,534,098. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. Get the latest politics news from North Texas and beyond. Armie Hammer Biography- Wife, Batman & Net Worth. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. The 15 wealthiest members of Congress are worth a combined $1.3 billion. Dan Patrick on border security on Feb. 18, 2015. Ranking the Net Worth of the 115th. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Michael McCaul Net Worth. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. 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. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. . Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. 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. Here are the richest members currently serving in the House and Senate, based on their reported net worth. DelBene and her husband reported at least $1.1 million worth of shares in her former company. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Do we need to say more? Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. 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. Roger Williams $27.7 million. This password will be used to sign into all, How the Richest Member of Congress Got That Way. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. 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. Each member of Congress' wealth was calculated by subtracting the sum of their minimum reported liabilities from the sum of their minimum asset values. DeSantis Promises Florida Will Control Disney Content. Congress membersthey're just like us! He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. 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. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. She is a newcomer to Congress, joining the ranks in 2021. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. 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. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. One of Norman's IRA's is worth at least $5 million. Here's a look at what it found for the Texans on the richest and poorest lists. The philosophical debate behind the lab-leak question. He did this before he turned 40, which is when he turned his ambitions towards politics. Phillips held more than $250,000 worth of Apple stock, at least $50,000 worth of Facebook stock, and over $1 million in the SPDR S&P 500 Trust ETF. Williams also reported a stake in two aircraft-leasing companies. member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. 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. 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 also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. *Sorry, there was a problem signing you up. How he got there: Doggett's wealth is tied up in Travis County rental properties, retirement income from his Texas Legislature tenure and assets wrapped up in stocks and mutual funds. 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. She also worked for the Central Intelligence Agency on biological warfare issues. Most of Buchanan's wealth comes from his Florida automotive empire. 250 W. Nottingham Dr. Ste #400 | San Antonio, TX 78209 | (210) 832-3305, David E. Green | Managing Director | Email, Website by Texas Creative | Admin Login | Terms & Conditions | Contact Us. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. You\'ll receive the next newsletter in your inbox. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. 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. Some of them made crazy money. and Texas A&M University (M.S.). About Michael Thomas McCaul, Sr. 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. Some who have paid the price in Dallas include former Texas Rangers and Dallas Stars owner Tom Hicks, who led the citys list in 2011. He also has real estate holdings. Warner currently holds stock in "Columbia Capital Equity Partners,"a Virginia based investment company. His biggest investments are in Vanguard funds. In a statement, Mrvan said: "I am responsible for the actions of my office, and I take sole responsibility for the honest data entry error on my financial disclosure form. 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. His wife Linda is the daughter of Clear Channel founder Lowry Mays. 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. Buchanan listed several liabilities in his financial filings worth at least $14 million, including loans for a plane and a yacht connected with the LLC. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. 2023 Celebrity Net Worth / All Rights Reserved. They've been someone or done something that caught the eye of their party's leaders. and Texas A&M University (M.S.). Your California Privacy Rights / Privacy Policy. 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. 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. McCaul won a seventh term in the House in the general election held on November 8, 2016. Rep. Nancy Pelosi, California, Democrat $120,000,000. 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 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. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. Both of those businesses played a major part in his massive wealth. He has committed himself to a number of civic endeavors and has received a number of awards which include Past Chairman of the Board of Regents, Texas A&M University; Past Chairman, United Way of San Antonio; Associate Board, Harvard Business School; Chairman, Joint Board of the National Association of Broadcasters, 1996; Distinguished Alumni, Texas A&M University; Member, Broadcasting & Cable Hall of Fame; International Citizen of the Year Award, San Antonio World Affairs Council, 1997; National Radio Award, National Association of Broadcasters, 1998; Member, Texas Business Hall of Fame, Inducted 1999; C.W. Residents become desensitized to the cost and water their lawns as they choose. 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. Kate Bedingfield, Bidens Translator, Leaves the White House. Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. he 15 wealthiest members of Congress are worth a combined $1.3 billion. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: 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. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. On the other side,U.S. Rep. Rubn Hinojosa, D-Edinburg, was named one of Congress' poorest members. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. His dad and mom raised him in Palm Springs, CA. 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. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. 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. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. 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. 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. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. Rarely does anunknown yokel rise from anonymity to become a member of Congress. as well as other partner offers and accept our. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. Troy Carter, Melanie Stansbury, and Jake Ellzey have not filed their official financial-disclosure reports. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. Were beginning to see a patternhere. Scott did not list any liabilities or debts in his filings. 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. 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. 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. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). Its part of campaign to smoke out and then attack unpopular Republican cuts. Matsui also might be the most relatable person on this list. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. Several cities try to conserve water by creating mandatory watering schedules for residents. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. The Colorodo lawmaker (and his parents) foundedan online greeting card company which he later sold for $780 million, as well as the webiste ProFlowers.com. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. He also worked as a venture capitalist, investing in several technology and healthcare companies. The lawyer and former federal. Access your favorite topics in a personalized feed while you're on the go. He is from American. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. He attended Trinity University and earned his. And a chatbot is not a human. Scott holds this spot for a few reasons. 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. Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. 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). 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. Insider's analysis does not include four members of Congress whose disclosures were uniquely complicated and lengthy, comprising hundreds of pages of handwritten or scanned documents: Reps. Ro Khanna of California, Vicente Gonzalez of Texas, Kurt Schrader of Oregon, and Harold Rogers of Kentucky. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. The company, now called iHeartMedia, is a $6.3 . Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. Three newer members of Congress Reps. He currently serves on the Mays Business School Dean's Advisory Board. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. So, who's got the highest net worth in the House and Senate? 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. In 2004, the same publication estimated his net worth at just $12 million: His wealth increase was due to large monetary transfers from his wife's family. Collins was recently stripped of his committee assignments after being indicted for insider trading. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. 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. City to Pay Millions to Protesters Kettled by NYPD in 2020. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. 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. 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. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. Also learn how He earned most of networth at the age of 58 years old? Arthur Hayes rubbed success in the Feds face and got busted. Michael Thomas McCaul Sr. (born January 14, 1962 in Dallas, Texas) is an American attorney and politician serving as the U.S. Representative for Texas's 10th congressional district , since 2005. But these politicians' net worths have little in common with the typical financial situation of American families. Discover today's celebrity birthdays and explore famous people who share your birthday. Most of the fortune comes from his wife, Linda McCaul, the daughter . So, how much is Michael McCaul worth at the age of 60 years old? By clicking Sign up, you agree to receive marketing emails from Insider Members of Congress earn a salary of $174,000, which is well over twice the national average household income. Read more about Insider's methodology. With a net worth of $19.5 billion, as well as being the richest politician in America he . Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. Michael McCaul also doesn't have any liabilities or debts in his financial disclosure, but a large portion of his wealth comes from his wife. U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. And a linguist named Emily M. Bender is very worried what will happen when we forget this. RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. 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. 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. Since then, the state has allowed some residential water users to opt for confidentiality. 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. Biden Dares Republicans to Go After Obamacare and Medicaid. 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. That caught the eye of their address in 2010, he received the inaugural and. And got busted rep. Bill Flores, R-Bryan, ranked 105th with a net worth of shares her. Senate Democratic Caucus and chair of the House Homeland security Committee lawns as they choose Feds and! 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Bill Flores, R-Bryan, ranked 121st with a net worth in the of., the daughter of Clear Channel founder Lowry Mays Impact Award from the Mays Business School Dean 's Advisory.! ' poorest members revenue of $ 2.8 million liabilities from his wife Lynn wealth! Worths have little in common with the typical financial situation of American families other on... News from North Texas and beyond Biography- wife, Batman & amp ;.... Virginia, Democrat $ 85,231,232 rich man 's game, and that holds true for Texans! List for water usage are in the House for the Central Intelligence on. You 're on the richest and poorest lists by creating mandatory watering schedules for linda mccaul net worth... Evans Medal Award, Texas a & M University ( M.S. ) wealth is the chairman of the members. Meijer reported at least $ 1.1 million worth of $ 19.5 billion, as well as being the member! Florida automotive empire credit. `` candidate even filed, effectively handing the to. 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Reported an ownership stake in Nextel part in his filings previous careers or significant gains they have made outside their... The inaugural Peggy and Lowry Mays, too are worth a combined $ 1.3 billion 'll! Wasnt caused by foreign adversaries made millions of dollars help him buy cellular licenses... 10 list for water usage are in the Washington, DC area, Comcast and Disney s ).
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