Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. The McCaul family chose to have some data about their usage redacted, the newspaper reported, but the house behind him on the list used 1,400,900 gallons. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. Of the 195 Republicans who voted, all voted against both impeachment articles. Privacy Policy and It's common for wealthy areas in Texas to use the most water. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. Ranking the Net Worth of the 115th. Michael McCaul Net Worth. Most of his fortune comes from his. The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. Were beginning to see a patternhere. Hollingsworth Capital Partners, which renovates factories. Republicans are making their 2024 candidates promise to support eventual nominee. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. Feinstein herself reported over $1 million in a deposit account, while a considerable portion of her wealth at least $25 million was held in a blind trust. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. His net worth has been growing significantly in 2021-2022. Linda Kasabian was a famous member of the Manson Family. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. But before many of them arrive in government, they've made millions in the private sector. 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. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. We have estimated NEGAUNEE TOWNSHIP, MI - Linda L. Lahti, 69, of Negaunee Township, passed away peacefully early Sunday morning, February 26th, 2023, at UP Health System - Marquette. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Sen. Dianne Feinstein, California, Democrat $96,518,036. In 2012, Highland Park residents used about three times as much water per day than the average Dallas resident, most of it for landscaping. 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. This password will be used to sign into all, How the Richest Member of Congress Got That Way. Obernolte did not report any liabilities or debts. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". , money, salary, income, and assets. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. 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. 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.". Scott holds relatively few individual stocks. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. But these politicians' net worths have little in common with the typical financial situation of American families. She is a journalism graduate of The University of Texas at Austin and has previously interned for USA TODAY College, The Austin American-Statesman and The Daily Dot. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. (Courtesy McCaul's office) McCaul's triplets. 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. 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. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. Hern disclosed two liabilities: at least $500,000 used to purchase a McDonald's restaurant, and at least $1 million that his spouse used to buy a separate company. . Linda Kasabian cause of death. Malkin is the daughter of real estate mogul Peter Malkin. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. 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. Rep. Michael McCaul, Texas, Republican $125,880,292. The Virginia Democrat made his millions as the co-founder of Nextel. At 60 years old, Michael McCaul height not available right now. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. In late 2021, DelBene appeared to violate the STOCK Act by improperly disclosing her husband's massive sale of Microsoft stock days before President Joe Biden nominated him for an administration post. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". All rights reserved. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. By clicking Sign up, you agree to receive marketing emails from Insider McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. Sen. Mitt Romney, Utah, Republican $85,269,083. 6.Sen. Michael McCauls income source is mostly from being a successful Politician. He largely invested in deals brought forth by other partners, rather than identifying them himself, but negotiated a nice profit-sharing agreement when he left in 2002the company still pays him millions of dollars every year. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. and Texas A&M University (M.S.). Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. She is the only woman in US history, as of this writing, to serve as Speaker of the House. A large portion of Dianne Feinstein's wealth comes from her husband. He attended Trinity University and earned his. Vern Buchanan has reported ownership interests in about 50 businesses. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. They then sold it off for at least $2.5 million. He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. Insider used these members' "candidate reports," some of which include financial data from 2021. Most of the fortune comes from his wife, Linda McCaul, the daughter . Amplify your impact and donate now. Warner has also been a venture capitalist. DeSantis Promises Florida Will Control Disney Content. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. The philosophical debate behind the lab-leak question. 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. Access your favorite topics in a personalized feed while you're on the go. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. In short, they had lives before they joined the United States government in an official capacity. With a net worth of $19.5 billion, as well as being the richest politician in America he . After graduating from Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. 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. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. 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. 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. 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. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. About Michael Thomas McCaul, Sr. Her net worth is not presently known. Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. Insider's calculations are conservative estimates based on the minimum values disclosed by members. Rep. Michael McCaul, R-Texas. 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. 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. 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. Linda Kasabian obituary . 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. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. The trusts contain a combination of mutual funds, stocks, and electronic funds. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. 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. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. 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. Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. The McCauls have made the top 10 list for water usage several times, the Statesman reported. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. And a chatbot is not a human. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. How he got there:Roll Call writes that "amassive arbitration award exceeding $1 million against Hinojosa from a failed food business along with tens of thousands of dollars of unpaid tax bills for that business" put Hinojosa as the sixth-poorest member. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. Scott holds this spot for a few reasons. Malkin is the daughter of real estate mogul Peter Malkin. He has also reinvested a lot of his earnings and is married to Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. 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. 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. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. This site is protected by reCAPTCHA and the Google McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. By Paul V. Fontelo and David Hawkings. Since then, the state has allowed some residential water users to opt for confidentiality. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Why prosecutors have a tough path to conviction to HCA healthcare ) and Solantic changed its name to HCA )... Of mutual funds, LLCs, and assets: lines of credit, mortgages notes! 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