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. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. That trust generated more than $1 million in income last year. Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. 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. Hern joined the House of Representatives in 2018. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. As a result, the figures are rough estimates of a members net worth. 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. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". Shortly after his discharge from the military in 1980, Issa and his second wife Kathy Stanton sold their cars, borrowed $50,000 from friends, and combined their savings to invest in Quantum Enterprises, an electronics manufacturer that developed consumer products for other companies. He rejoined Congress in 2021. These men and women have been active in their respective careers and communities. 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. 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). Could Alec Baldwin Really Go to Prison for the. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. Linda is on the Board of Visitors at M.D. His wife Linda is the daughter of Clear Channel founder Lowry Mays. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. Linda was born January 1st . 2023 Vox Media, LLC. Linda and her 4 daughters are active members of the National Charity League. 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 . His wife Linda is the daughter of Clear Channel founder Lowry Mays. Now the . And much of Romney's fortune is in Goldman Sachs mutual funds. Recognizing the humanitarian crisis in Yemen, McCaul explained his belief that approving the resolution would "disrupt US security cooperation agreements with more than 100 countries.". On December 18, 2019, McCaul voted against both articles of impeachment against Trump. Mrs. Johnson currently serves on the Advisory Board of the SMU School of Journalism,the Board of Trustees of the United Way and the Board of Governors of CTRC. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. The Virginia Democrat made his millions as the co-founder of Nextel. Now hes returning to a shell-shocked industry. 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. 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. Michael McCaul (R-TX) Net Worth: $117.5 million. 2023 Celebrity Net Worth / All Rights Reserved. Malkin is the daughter of real estate mogul Peter Malkin. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. 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. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." Tom Williams/CQ Roll Call. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. 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. 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. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. Prepare to be gobsmacked. Congressman Jon Delaney is a self-made financier who founded HealthCare Financial Partners in 1993 and later CapitalSource of Chevy Chase, Md. She also worked for the Central Intelligence Agency on biological warfare issues. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. 6.Sen. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. 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. She is the only woman in US history, as of this writing, to serve as Speaker of the House. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. The McCauls have made the top 10 list for water usage several times, the Statesman reported. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. Why young migrant workers are illegally filling a void in the job market. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. 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 this spot for a few reasons. On the other side,U.S. Rep. Rubn Hinojosa, D-Edinburg, was named one of Congress' poorest members. Insider's calculations are conservative estimates based on the minimum values disclosed by members. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. He is a member of famous Politician with the age 60 years old group. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. Things you buy through our links may earn New York a commission. Members disclose the value of their assets in broad ranges. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. Senator Blumenthal's net worth dropped by more than $20 million over the past year. Amplify your impact and donate now. Rep. Michael McCaul, Texas, Republican $125,880,292. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. After graduating from Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. Top editors give you the stories you want delivered right to your inbox each weekday. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. 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. 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. WASHINGTON U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015,according to anew list released by Roll Call. The Californians have been booted from Frogmore Cottage because the king (or the character invented by the U.K. press) has had enough of their abuse. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. 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. 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. 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. Mark has been recognized for his community involvement including receiving the 2005 Spirit of Life Honoree from City of Hope. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. 5. Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. Net Worth: $108 million 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 most successful include a series of car dealerships and American Speedy Printing, a printing company that expanded to more than 730 stores across 44 states. 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. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). 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. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. About Michael Thomas McCaul, Sr. The U.S. Is Choosing Child Labor Over More Immigration. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. Congress membersthey're just like us! Do we need to say more? For starters, he doesn't have any liabilities to report. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? His trial is set for early 2020. 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. King Charles Evicts Harry and Meghan From House They Dont Live In. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. 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. In limited liability companies and iShares funds, and Pepsi, among others later CapitalSource of Chevy,! Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate mogul Peter.. 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