The Ten Wealthiest Members Of Congress

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You’ll be able to’t say that each member of Congress is value seven figures, however the overwhelming majority are undoubtedly multi-millionaires. Senate and Home of Representatives earn $174,000 per 12 months in wage, and plenty of have profitable investments in companies, whether or not their very own or via shares or index funds. However earlier than lots of them arrive in authorities, they’ve made thousands and thousands within the personal sector.

The 15 wealthiest members of Congress are value a mixed $1.3 billion. So, who’s bought the best net worth within the Home and Senate?

Listed here are the wealthiest members of Congress:

Sen. Rick Scott, Florida, Republican — $200,327,223

Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Scott holds this spot for a number of causes. For starters, he does not have any liabilities to report. It is potential he does have some type of debt, like a mortgage, however he hasn’t publicly filed any sorts of liabilities. Secondly, he is a giant investor, with holdings in shares, bonds, fairness funds, LLCs, gold, and treasury funds; he is additionally put cash behind varied know-how and healthcare firms, two industries with robust progress potential. Lastly, Scott has co-founded two healthcare firms: Columbia Hospital Company (which modified its identify to HCA Healthcare) and Solantic. 

Rep. Michael McCaul, Texas, Republican — $125,880,292

Michael McCaul additionally does not have any liabilities or money owed in his monetary disclosure, however a big portion of his wealth comes from his spouse. Linda Mays McCaul is the daughter of Lowry Mays, one of many founders of iHeartRadio. The firm had income of $928 million in Q3 of 2021, a rise of 25% YoY. McCaul can also be a giant fan of Netflix—the household has greater than $250,000 invested within the firm’s inventory.  

Rep. Darrell Issa, California, Republican — $115,850,012

Darrell Issa solely began serving in his present district (California’s fiftieth congressional district) in 2021, however he first grew to become a member of the Home of Representatives in 2001. He left for a brief time period when Donald Trump nominated him to move the U.S. Commerce and Growth Company earlier than returning to Congress final 12 months. Shortly after his discharge from the army in 1980, Issa and his second spouse Kathy Stanton bought their vehicles, borrowed $50,000 from mates, and mixed their financial savings to spend money on Quantum Enterprises, an electronics producer that developed shopper merchandise for different firms. Issa took over a kind of companies, automotive alarm firm Steal Stopper, and considerably grew its revenues. He additionally began Directed Electronics, an organization that creates theft deterrents, and is CEO of Greene Properties, an actual property funding firm with holdings all through San Diego North County. Issa’s net worth takes successful from his margin account, which holds him responsible for greater than $50 million.   

Sen. Rick Scott (Anna Moneymaker/Getty Photos)

Rep. Vern Buchanan, Florida, Republican — $113,384,088

Vern Buchanan has reported possession pursuits in about 50 companies. His most profitable embody a sequence of automotive dealerships and American Speedy Printing, a printing firm that expanded to greater than 730 shops throughout 44 states. Buchanan additionally has an LLC, Plane Holding & Leasing, which is value as much as $50 million. Amongst his liabilities are a aircraft and a yacht; in whole, he is responsible for $14 million.

Sen. Dianne Feinstein, California, Democrat — $96,518,036

A big portion of Dianne Feinstein’s wealth comes from her husband. Richard Blum serves as president and chairman of personal fairness firm Blum Capital. Feinstein has a minimum of $1 million in a single account, whereas one other blind belief holds a minimum of $25 million. Feinstein was additionally one in all 52 members of Congress that violated the STOCK Act when she was late in disclosing a five-figure cost her husband made to a polling firm directed at younger folks. 

Sen. Mark Warner, Virginia, Democrat — $93,534,098

Earlier than becoming a member of the Senate, Mark Warner served as governor of Virginia. He is additionally the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Previous to his time in authorities, Warner ran Columbia Capital, a venture-capital agency, and telecom firm Capital Mobile Company, each of which contributed to his wealth, alongside mutual funds, hedge funds, and private-equity funds. 

Sen. Mitt Romney, Utah, Republican — $85,269,083

You could be extra accustomed to Mitt Romney from his 2012 presidential marketing campaign, the place he finally misplaced to Barack Obama. The Senator was additionally Massachusetts’s governor from 2003 to 2007. Although he attended legislation faculty and handed the Michigan bar examination, Romney selected a profession in enterprise. It was an excellent transfer, as he ultimately joined Bain & Firm. The administration consulting agency made him vp the 12 months after he joined, and some years later, Romney began personal fairness agency Bain Capital. He largely invested in offers introduced forth by different companions, somewhat than figuring out them himself, however negotiated a pleasant profit-sharing settlement when he left in 2002—the corporate nonetheless pays him thousands and thousands of {dollars} yearly. Romney additionally reported $4.5 million in “capital dedication” liabilities from his spouse.

Sen. Richard Blumenthal, Connecticut, Democrat — $85,231,232

Richard Blumenthal owes a lot of his wealth to his household. His father is the chairman of Malkin Holdings and the chairman emeritus of Empire State Realty Belief, which leases workplace and retail house throughout Manhattan. In the meantime, his spouse, Cynthia Malkin, has made thousands and thousands of {dollars} from shares, actual property, properties, and hedge funds. The solely legal responsibility Blumenthal reported was the 30-year mortgage his spouse took out on their residence in 2011.

Rep. Trey Hollingsworth, Indiana, Republican — $74,629,062

A member of the Home of Representatives Monetary Providers Committee, Trey Hollingsworth additionally serves on a number of subcommittees targeted on investor safety and variety and inclusion. After graduating from the College of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Companions alongside his father. The firm targeted on rebuilding previous manufacturing websites and returning them to service; Hollingsworth additionally based an aluminum remanufacturing firm. Each of these companies performed a serious half in his large wealth.

Rep. Doris Matsui, California, Democrat — $73,872,062

Doris Matsui has constructed her fortune via exchange-traded funds, money-market funds, LLCs, and trusts. She’s gained wealth via her husband Roger Sant, who’s the founding father of Fortune 500 holding firm AES Company. Matsui additionally could be probably the most relatable individual on this checklist. She reported a minimum of $165,000 in bank card debt liabilities; 42% of Americans have elevated their bank card debt for the reason that pandemic started. Congress members—they’re identical to us!


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