She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. Mrs. McCaul has a Master's Degree in oceanography and geology. Republican Rep. Francis Rooney of Florida has earned a large fortune from his business, Manhattan Construction Group, which has built massive projects such as Cowboys Stadium. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. The Washington Democrat and her husband both worked as executives at Microsoft. Michael McCaul's net worth Its part of campaign to smoke out and then attack unpopular Republican cuts. This email will be used to sign into all New York sites. , money, salary, income, and assets. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. Arthur Hayes rubbed success in the Feds face and got busted. DelBene and her husband reported at least $1.1 million worth of shares in her former company. 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. His biggest investments are in Vanguard funds. he 15 wealthiest members of Congress are worth a combined $1.3 billion. Most of Buchanan's wealth comes from his Florida automotive empire. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Trone is a relatively new member of Congress he assumed office in 2019. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. In addition, she is married to Blum Capital president and chairman Richard Blum. 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. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. 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. 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. He is a Rockefeller. Scott holds this spot for a few reasons. 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. The Key Moments From Alex Murdaughs Testimony and Murder Trial. Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. Mura Holdings. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. The U.S. Is Choosing Child Labor Over More Immigration. And a linguist named Emily M. Bender is very worried what will happen when we forget this. Linda and her 4 daughters are active members of the National Charity League. This password will be used to sign into all, How the Richest Member of Congress Got That Way. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. Each year, Roll Call's reporters scour each member's financial disclosure forms to determine the "Wealth of Congress.". In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). [22] In 2004, the same publication estimated his net worth at $12 million. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. A part of the family behind the eponymous Midwestern grocery chain, Meijer reported that the bulk of his wealth was held in a "generation-skipping trust" that contained, among other assets, stock in Johnson & Johnson, Home Depot, Tesla, and Visa. Access your favorite topics in a personalized feed while you're on the go. With a net worth of $19.5 billion, as well as being the richest politician in America he . Eric Cole comes from an athletic family background as he was born to his parents, Laura Baugh (Mother) and Bobby Cole (Father), on June 12, 1988. in the general election held on November 6, 2018, McCaul won an eighth term in the House. Members of Congress earn a salary of $174,000. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. 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. That is the highest disclosure category. Linda is on the Board of Visitors at M.D. 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. 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. Issa listed one liability: a margin account holding him liable for over $50 million. 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. 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. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. By clicking Sign up, you agree to receive marketing emails from Insider How The 15 Richest Members Of Congress and Senate Made Their Money. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: Insider used these members' "candidate reports," some of which include financial data from 2021. He graduated from Jesuit College Preparatory School of Dallas and earned a Bachelor of Arts in history from San Antonio's Trinity University in 1984 and his Juris Doctor from St. Mary's University three years later. Peters' wealth is mostly in government securities, though he and his spouse have also invested in several mutual funds. 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. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. Cynthia Malkin. Senator John Kerry. At one point Clear Channel owned over 1,200 Radio Stations, over 600,000 outdoor advertising displays, and various Television Stations and Live Event venues which operated in 65 countries and generated over $8 Billion in Revenue. Qualcomm is also her biggest campaign contributor at around $27,400 over her career as a Congress member. Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. The cause of her death has not been immediately . Double your gift when you give by 6 p.m. Thursday. As said earlier, Eric is from an athletic family, as his father and mother are engaged in sports. 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. He is from American. Congress membersthey're just like us! Get the latest politics news from North Texas and beyond. Richard Blumenthal owes much of his wealth to his family. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. For starters, he doesn't have any liabilities to report. 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: . McCaul's minimum net worth has more than sextupled since his first financial disclosure report covering 2004, when his minimum net worth hovered around $12 million. Congressman Jon Delaney is a self-made financier who founded HealthCare Financial Partners in 1993 and later CapitalSource of Chevy Chase, Md. After graduating from Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. Issa did not report owning any individual stocks his wealth is largely held in diversified stock funds and his ownership of properties in California and Ohio. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. Hern joined the House of Representatives in 2018. She also worked for the Central Intelligence Agency on biological warfare issues. Hollingsworth Capital Partners, which renovates factories. 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. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. 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. This site is protected by reCAPTCHA and the Google Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. 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. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Not a single asset is listed as being in McCaul's name, they are all tied to his wife. The recently released wealth list fromRoll Call, a news outlet that covers Capitol Hill, annually compiles and ranks the financial reports of the members, which only require lawmakers to give broad ranges of value. Scott did not list any liabilities or debts in his filings. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. and Texas A&M University (M.S.). Rep. Michael McCaul, Texas, Republican $125,880,292. Rep. Nancy Pelosi, California, Democrat $120,000,000. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. print date('Y'); ?> Mays Family Foundation. Biden Dares Republicans to Go After Obamacare and Medicaid. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. According to his report, that trust is invested in several other familypartnerships. 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. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. 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. By Kira December 27, 2020 April 8, 2021. 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. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. 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. Oct. 29, 20153 PM Central. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. A large portion of Dianne Feinstein's wealth comes from her husband. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. Rep. Michael McCaul, R-Texas. Lawmakers are not required to disclose certain classes of personal assets, such as the value of their personal residence, so these assets are not included in Insider's calculations. Darrell Issa founded Directed Electronics, based in Vista, California. 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. 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. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Discover today's celebrity birthdays and explore famous people who share your birthday. Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. Submit a correction suggestion and help us fix it! People are willing to pay the price, he said. In addition, lawmakers do not have to include their principal residences. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. Trump made the same pledge in 2016, then said he wouldnt honor it. Prince Harry is doing a livestream Q&A for anyone who missed his two Oprah interviews, his six-hour Netflix documentary, and his book, The Surprisingly Contrarian Case Against Lying About Science. Starting. Rarely does anunknown yokel rise from anonymity to become a member of Congress. Privacy Policy and Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. 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. Michael McCaul Net worth Growth. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. 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. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". 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. Could Alec Baldwin Really Go to Prison for the. 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. 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. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. Troy Carter, Melanie Stansbury, and Jake Ellzey have not filed their official financial-disclosure reports. Armie Hammer Biography- Wife, Batman & Net Worth. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. Congress membersthey're just like us! He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Rep. Doris Matsui, California, Democrat $73,872,062. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. The management consulting firm made him vice president the year after he joined, and a few years later, Romney started private equity firm Bain Capital. 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. All rights reserved. 1 consumer of household water in the city for 2017. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Things you buy through our links may earn New York a commission. 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, who assumed office in 2019, cemented his No. 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. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. 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. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. As of 2018 he was the fifth-wealthiest member of Congress. Michael McCaul Net Worth. 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. 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. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. Senator Blumenthal's net worth dropped by more than $20 million over the past year. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. 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. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star State selling Dodge, Chrysler, and Jeep cars and trucks. 2023 www.statesman.com. Born in San Antonio, Texas, Mark and his wife Patti have six children. 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. Lawmakers do not have to include their principal residences green lawn, too York a commission 19.5 billion as. Scott did not list any liabilities to report, exchange-traded funds, LLCs, and promissory notes a portion! University in 1989 no democratic candidate even filed, effectively handing the seat to him owns extensive. Romney reported at least $ 500,000 the West Wing from leaking and trusts New Leader! 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