The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. Manning also reported an ownership interest in Stonefield Cellars Winery in North Carolina. The House Minority leader's husband, Paul Pelosi, owns and operatesFinancial Leasing Services Inc., a San Francisco-based real estate and venture capital investment firm. Net worth: $200 million. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. She is also a member of the U.S. Congressional Club. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Your California Privacy Rights / Privacy Policy. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Austin RepublicanMichael McCaul, one of the wealthiest members of Congress, used more city water than any other resident last year, according to the Austin American-Statesman. He joined Congress in 2021. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. 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. We recommend you to check the complete list of Famous People born on 14 January. Members disclose the value of their assets in broad ranges. 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. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. Sen. Mark Warner, Virginia, Democrat $93,534,098. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). 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. You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. People are willing to pay the price, he said. 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. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. Issa listed one liability: a margin account holding him liable for over $50 million. Starting. Taking a closer look, the median net worth for the House was $896,000 (Democrats averaged 929,000 and Republicans 884,000), while the average Senator is sitting on roughly $2.5 million (Republicans averaged $2.9 million and Democrats $1.7 million). Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. Kate Bedingfield, Bidens Translator, Leaves the White House. Here's a look at what it found for the Texans on the richest and poorest lists. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . By Paul V. Fontelo and David Hawkings. Alamu Tosin February 28, 2023. Residents become desensitized to the cost and water their lawns as they choose. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. 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. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). So, who's got the highest net worth in the House and Senate? Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. In short, they had lives before they joined the United States government in an official capacity. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. Most of the fortune comes from his wife, Linda McCaul, the daughter . In 2010, he received the Sterling Evans Medal Award, Texas A&M University. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. 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. U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. 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. For starters, he doesn't have any liabilities to report. 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. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. He also has real estate holdings. But before many of them arrive in government, they've made millions in the private sector. Since then, the state has allowed some residential water users to opt for confidentiality. 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. The trust contains government securities, mutual funds, and more than $6 million in stock of Qualcomm, a semiconductor company co-founded by her grandfather, Irwin M. Jacobs. That trust generated more than $1 million in income last year. Republican Rep. Michael McCaul of Texas made his way to being the number two wealthiest member of Congress through his wife, Linda McCaul, who is the daughter of radio and communications giant Lowry Mays. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. 5. 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. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. 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. He currently serves on the Mays Business School Dean's Advisory Board. 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. He and his family live in West Lake Hills, Texas, a wealthy suburb of Austin, Texas. Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. Right-wing board to clamp down on woke ideology in cartoons. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. Linda Kasabian obituary . Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. 2023 Celebrity Net Worth / All Rights Reserved. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. The selection follows McCaul's recent publication of "A National Strategy to Win the War Against Islamist Terror", a compilation of more than 100 counterterrorism strategies and recommendations. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. His trial is set for early 2020. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . Hollingsworth Capital Partners, which renovates factories. *Sorry, there was a problem signing you up. 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. The Senator was also Massachusetts's governor from 2003 to 2007. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Upton also reported having at least $1 million in Pepsi stock. 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. Mrs. McCaul has a Master's Degree in oceanography and geology. As of 2018 he was the fifth-wealthiest member of Congress. She is married to Congressman Michael McCaul, who is serving his 6th term in the U.S. Congress and is Chairman of the Homeland Security Committee. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. by Abby Livingston His father is the chairman of Malkin Holdings and the chairman emeritus of Empire State Realty Trust, which leases office and retail space across Manhattan. But these politicians' net worths have little in common with the typical financial situation of American families. Her net worth is not presently known. 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. Running for Congress costs cash money. . 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. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. DeSantis Promises Florida Will Control Disney Content. 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. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. Senator John Kerry. Trump made the same pledge in 2016, then said he wouldnt honor it. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. 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 . He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. He also started Directed Electronics, a company that creates theft deterrents, and is CEO of Greene Properties, a real estate investment company with holdings throughout San Diego North County. Before joining the Senate, Mark Warner served as governor of Virginia. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. 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. 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. 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. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. According to authoritative sources, it has been estimated that McCaul's net worth is as high as $305.46 million, an amount earned through his successful career as a politician, and as an attorney, and federal prosecutor, which also improved his wealth. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. The company, now called iHeartMedia, is a $6.3 . McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. The McCauls have made the top 10 list for water usage several times, the Statesman reported. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. Armie Hammer Biography- Wife, Batman & Net Worth. Jay is an heir to oil tycoon John D. Rockefeller. 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. In a December 2, 2016 Fox News op-ed, McCaul declared his intention to support legislation, in line with president-elect Donald Trump's proposals, to build a wall along the MexicoUnited States border, to secure the border, and have Mexico and other Latin American countries pay for these proposals. Rep. Lucille Roybal-Allard, a Democrat from California: -$1,008,000, Rep. Steven Horsford, a Democrat from Nevada: -$1,047,992, Sen. Cynthia Lummis, a Republican from Wyoming: -$1,401,991, Sen. Tammy Duckworth, a Democrat from Illinois: -$1,877,936, Rep. August Pfluger, a Republican from Texas: -$2,000,002. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. According to McCaul, the bill "establishes a true partnership between DHS and the private sector to ensure the distribution of real-time cyber threat information in order to secure our nation in cyberspace without burdensome mandates or regulations.". 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. Amplify your impact and donate now. Nope! Submit a correction suggestion and help us fix it! King Charles Evicts Harry and Meghan From House They Dont Live In. 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. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. In addition, lawmakers do not have to include their principal residences. The philosophical debate behind the lab-leak question. Mr. Mays, Founder and Chairman Emeritus of Clear Channel Communications, served on the Board of Regents of Texas A&M University, where the Mays School of Business bears his name. Richard Blumenthal owes much of his wealth to his family. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. Insider used these members' "candidate reports," some of which include financial data from 2021. print date('Y'); ?> Mays Family Foundation. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. 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. Learn How rich is He in this year and how He spends money? 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. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. 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. The city will see multiple inches of something apparently called snow., Richard Haass on Americas Relationship Problems With China. 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. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. 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. 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: . As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. Senator John Kerry (D-MA). Dan Patrick on border security on Feb. 18, 2015. 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. Now the largest owner of radio stations in the country, it has become iHeartCommunications since the Mays family sold much of its stake in a leveraged buyout a decade ago, said the Roll Call report. How did McCaul make his money? He also worked as a venture capitalist, investing in several technology and healthcare companies. McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. Rest assured, the point of this list is not to chastise anyone for their wealth, but rather to remindeveryone that the people writing our laws the ones passing budgets (or not passing them), deciding whether to extend unemployment benefits, debating raising the minimum wage, and overhauling the tax code are enjoying a very selective experience in our economy. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. 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. 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. 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 his children. Scott holds this spot for a few reasons. After he left, McCaul took a position as a Deputy Attorney General in 1999 with the Texas Attorney General's Office and served in this capacity until 2002. 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. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. His district stretches from Austin to Houston. 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. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. Michael McCaul Net worth Growth. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. Malkin is the daughter of real estate mogul Peter Malkin. The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. In his spare time, Randall is a devoted father to his four children who are most often by his side as he explores his passion for travel, mentoring, fly fishing, pickleball, cooking and hiking. Now hes returning to a shell-shocked industry. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. The lawyer and former federal. Access your favorite topics in a personalized feed while you're on the go. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. 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 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. All rights reserved. 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. 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. Cynthia Malkin. Linda Kasabian was a famous member of the Manson Family. You must have JavaScript enabled to use this form. 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. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. Linda McCaul is the daughter of Lowry Mays, the founder of the San Antonio-based Clear Channel Communications and its chairman until a stroke sidelined him in 2005. They then sold it off for at least $2.5 million. Rep. Doris Matsui, California, Democrat $73,872,062. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. But before many of them arrive in government, they've made millions in the private sector. It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. 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. Oct. 29, 20153 PM Central. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. Texas two U.S. senators are far down the list, with Ted Cruz clocking in at 332nd with a net worth of $200,000 and John Cornyn at 390th with a wealth value estimated at zero, with $500,000 in assets and $500,000 in liabilities. Most of Buchanan's wealth comes from his Florida automotive empire. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, Michael McCaul, one of Congress' richest members, used more water in 2017 than any Austin resident, Highland Park residents used about three times as much water, Author of Texas drag bill says video of him wearing dress was a joke back in school, Judge rules in favor of Michael Irvin in request for expedited evidence in $100M lawsuit, Dallas-Fort Worth could see severe thunderstorms, large hail, tornadoes Thursday, Former DPD chief David Brown returning to North Texas after resigning as Chicagos top cop, Corby Davidson, radio co-host of The Tickets Hardline, has rare benign tumor, New apartment project coming for Allens downtown district, Smoke-filled Spirit Airlines flight from DFW Airport diverted after battery fire, Target plans new store in Oak Cliffs Wynnewood Village, Southwest Airlines ups its caffeine game by introducing in-flight bottled iced coffee, Ray Washburne buys downtown Dallas landmark Founders Square building, Oak Cliff apartment project will bring affordable units, skyline view of Dallas, Ray Davis optimistic, anxious about Rangers season amidst tumultuous TV situation, Hot List: 16 great restaurants to visit in Dallas-Fort Worth in March 2023, Ross Perot Jr.s Hillwood buys California NASCAR track for estimated $543.7 million. 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