He is from American. His mom, Laura, is an American professional golfer who . For more on Roll Call's Wealth of Congress list, read the paper'sfull article. 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. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. Access your favorite topics in a personalized feed while you're on the go. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. Submit a correction suggestion and help us fix it! All rights reserved. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Some of them made crazy money. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. 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. The congressman served for 18 years in Congress before briefly leaving and becoming President Donald Trump's nominee to head the US Trade and Development Agency. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. 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. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. The Senator was also Massachusetts's governor from 2003 to 2007. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. 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. (Courtesy McCaul's office) McCaul's triplets. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. 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. 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. 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. . . 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. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Malkin is the daughter of real estate mogul Peter Malkin. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. You\'ll receive the next newsletter in your inbox. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. The Key Moments From Alex Murdaughs Testimony and Murder Trial. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. 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. Malkin is the daughter of real estate mogul Peter Malkin. *Sorry, there was a problem signing you up. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Learn How rich is He in this year and how He spends money? . Nope! 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. as well as other partner offers and accept our, Alex Wong/Getty Images; Kevin Dietsch/Getty Images; Bill Clark/CQ Roll Call; Hannah McKay-Pool/Getty Images; Rebecca Zisser/Insider, Chance Yeh/Getty Images for Power 100 Lunch, Bill Clark/CQ-Roll Call, Inc via Getty Images), Bill Clark/CQ-Roll Call, Inc via Getty Images, Tom Williams/CQ-Roll Call, Inc via Getty Images, Michael Brochstein/SOPA Images/LightRocket via Getty Images, Kent Nishimura / Los Angeles Times via Getty Images, Anna Moneymaker/The New York Times via AP, Pool, placed his assets in a qualified blind trust, acknowledged filing an incorrect personal financial disclosure. 1 consumer of household water in the city for 2017. So, who's got the highest net worth in the House and Senate? McCaul says his approach to counterterrorism will aid in integrating the nation's homeland security policies into the digital age through the implementation of detailed screening of foreign visitors, including immigrants and refugees, by utilizing the latest technologies and intelligence. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 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. The U.S. Is Choosing Child Labor Over More Immigration. His trial is set for early 2020. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. In 2005, he received Radio Ink's Lifetime Leadership Award. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Access your favorite topics in a personalized feed while you're on the go. They have five children and reside in Austin, Texas. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. The Brutal Layoffs at Twitter Just Keep Coming. 2023 BDG Media, Inc. All rights reserved. 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. Privacy Policy and Both of those businesses played a major part in his massive wealth. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. 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. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. Most of the fortune comes from his wife, Linda McCaul, the daughter . Buchanan's wealth primarily comes from his ownership of several car dealerships, in addition to a limited liability company that was labeled as "Aircraft Holding & Leasing" and valued at $25 million to $50 million. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. He attended Trinity University and earned his. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. Buchanan may have the authority to write American tax policy in coming years, as the congressman is likely to become the leading GOP member of the Ways and Means Committee after Rep. Devin Nunes announced his resignation to become the CEO of a new social media company founded by former President Donald Trump. Sen. Dianne Feinstein, California, Democrat $96,518,036. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. And a chatbot is not a human. Discover Michael McCaul's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Sure, you have political donations, fundraisers to drum up the money, and money from either the Democrats or Republicans, but it still is an expensive endeavor. 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. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. The Washington Democrat and her husband both worked as executives at Microsoft. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. That trust generated more than $1 million in income last year. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. 2023 www.statesman.com. 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. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. The cause of her death has not been immediately . And a linguist named Emily M. Bender is very worried what will happen when we forget this. Qualcomm is also her biggest campaign contributor at around $27,400 over her career as a Congress member. 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. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. It's possible he does have. 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. 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. 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. Republican Rep. Paul Mitchell of Michigan is not the hair products icon of the same name, but has been a corporate executive with a sizable portfolio. Brianna Stone. 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. Republicans are making their 2024 candidates promise to support eventual nominee. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. One of Norman's IRA's is worth at least $5 million. This site is protected by reCAPTCHA and the Google Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. Three newer members of Congress Reps. 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. These men and women have been active in their respective careers and communities. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. Scott holds relatively few individual stocks. 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. Biden Dares Republicans to Go After Obamacare and Medicaid. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. Since then, the state has allowed some residential water users to opt for confidentiality. Warner currently holds stock in "Columbia Capital Equity Partners,"a Virginia based investment company. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. 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. Of the 195 Republicans who voted, all voted against both impeachment articles. 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. His wife Linda is the daughter of Clear Channel founder Lowry Mays. According to his report, that trust is invested in several other familypartnerships. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. The lawyer and former federal. Michael McCaul (R-TX) Net Worth: $117.5 million. With a net worth of $19.5 billion, as well as being the richest politician in America he . Kate Bedingfield, Bidens Translator, Leaves the White House. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Top editors give you the stories you want delivered right to your inbox each weekday. Most of his fortune comes from his wife, Linda McCaul. By clicking Sign up, you agree to receive marketing emails from Insider 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). 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. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. We have estimated Tom Williams/CQ Roll Call. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: Linda Mays McCaul is the daughter of Lowry Mays, one of the . 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. 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. The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. In 2004, the same publication estimated his net worth at just $12 million: His wealth increase was due to large monetary transfers from his wife's family. Before joining Congress, DelBene was an executive at Microsoft. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. DelBene and her husband reported at least $1.1 million worth of shares in her former company. Cynthia Malkin. After graduating from Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). You must have JavaScript enabled to use this form. McCaul is thought to be the second-richest person in Congress, though none of the assets or holdings reported in his 65-page financial disclosure were his alone, belonging to his wife or dependent children. The 15 wealthiest members of Congress are worth a combined $1.3 billion. Mark Warner (D-Va . By Kira December 27, 2020 April 8, 2021. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. Linda Kasabian was a famous member of the Manson Family. 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. 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