But before many of them arrive in government, they've made millions in the private sector. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. 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. As of 2018 he was the fifth-wealthiest member of Congress. 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. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. 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. On the other side,U.S. Rep. Rubn Hinojosa, D-Edinburg, was named one of Congress' poorest members. Nope! Does this have something to do with that Texas miracle we keep hearing about? Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. He also started Directed Electronics, a company that creates theft deterrents, and is CEO of Greene Properties, a real estate investment company with holdings throughout San Diego North County. 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. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. The philosophical debate behind the lab-leak question. Here's a look at what it found for the Texans on the richest and poorest lists. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. Linda and her 4 daughters are active members of the National Charity League. Get the latest politics news from North Texas and beyond. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. All rights reserved. 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. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. 1 consumer of household water in the city for 2017. Malkin is the daughter of real estate mogul Peter Malkin. 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. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). Now hes returning to a shell-shocked industry. 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. Born Michael Thomas McCaul on the 14th January 1962, in Dallas, Texas USA, he is a politician, a member of the Republican Party, and best known to the world as Romney also reported $4.5 million in "capital commitment" liabilities from his wife. In Highland Park in 2006, Harlan Crow poured more than 1.8 million gallons of water on his 7.7-acre property in one month. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. 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. Each member of Congress' wealth was calculated by subtracting the sum of their minimum reported liabilities from the sum of their minimum asset values. Members of Congress earn a salary of $174,000. The former environmental attorney from San Diego made millions as an environmental attorney in the 1990s, representing government agencies and businesses in regulatory disputes, as well as from shrewd investments. His dad and mom raised him in Palm Springs, CA. The Virginia Democrat made his millions as the co-founder of Nextel. Her net worth is not presently known. McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. in the general election held on November 6, 2018, McCaul won an eighth term in the House. Jay is an heir to oil tycoon John D. Rockefeller. In 2015 she was named "Angel of the Shelter" by the Children's Shelter. 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. A large portion of Dianne Feinstein's wealth comes from her husband. 2023 www.statesman.com. The only assets that Pelosi reported owning or joint-owning were her home in Napa, California, and a Wells Fargo bank account containing less than $15,000. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. We recommend you to check the complete list of Famous People born on 14 January. 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. Linda Kasabian net worth . Scott holds relatively few individual stocks. Not a single asset is listed as being in McCaul's name, they are all tied . Your California Privacy Rights / Privacy Policy. He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. This site is protected by reCAPTCHA and the Google In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. *Sorry, there was a problem signing you up. McCaul, whose wife's father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. Manning also reported an ownership interest in Stonefield Cellars Winery in North Carolina. Troy Carter, Melanie Stansbury, and Jake Ellzey have not filed their official financial-disclosure reports. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. 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. Scott, who assumed office in 2019, cemented his No. Three newer members of Congress Reps. Running for Congress costs cash money. 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. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. Linda Kasabian was a famous member of the Manson Family. Were beginning to see a patternhere. By Kira December 27, 2020 April 8, 2021. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. Privacy Policy and 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.". 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. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. 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. King Charles Evicts Harry and Meghan From House They Dont Live In. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. At 60 years old, Michael McCaul height not available right now. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. McCaul said that the bill was "an important step toward addressing the cyber threat." Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. 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. Submit a correction suggestion and help us fix it! Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Biden Dares Republicans to Go After Obamacare and Medicaid. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. Vern Buchanan has reported ownership interests in about 50 businesses. On Thursday, the Center for Responsive Politics released the 2012 personal finances of the members of Congress, revealing that for the first time, a majority of Washington lawmakers are millionaires. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. In 2004, he was inducted into the Radio Hall of Fame and received the Lifetime Achievement Award, National Association of Broadcasters. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. The House Minority leader's husband, Paul Pelosi, owns and operatesFinancial Leasing Services Inc., a San Francisco-based real estate and venture capital investment firm. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. Scott holds this spot for a few reasons. 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. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. 2023 Vox Media, LLC. (Courtesy McCaul's office) McCaul's triplets. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. 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. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. The lion's share of McCaul's wealth is held by his wife, Linda McCaul, the daughter of Clear Channel Communications CEO and founder Lowry Mays, and his dramatic rise in net worth appears. A member of the House of Representatives Financial Services Committee, Trey Hollingsworth also serves on multiple subcommittees focused on investor protection and diversity and inclusion. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Additionally, the median net worth of politicians in Congress also exceeded $1 million, with 238 of the 534 members living above the $1 million mark. Darrell Issa founded Directed Electronics, based in Vista, California. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. His mom, Laura, is an American professional golfer who . In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Most of Buchanan's wealth comes from his Florida automotive empire. In 2005, he received Radio Ink's Lifetime Leadership Award. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). Double your gift when you give by 6 p.m. Thursday. Insider removed him from the list when Mrvan acknowledged filing an incorrect personal financial disclosure that erroneously inflated the value of a retirement account by tens of millions of dollars. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. The McCauls have made the top 10 list for water usage several times, the Statesman reported. The cause of her death has not been immediately . He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. Pelosi's husband had holdings in corporations such as Slack, Tesla, Disney, Visa, Salesforce, PayPal, Alphabet, Facebook, and Netflix companies that together spend tens of millions of dollars each year lobbying the federal government. The sport desperately needs to change, no matter how loudly purists complain. print date('Y'); ?> Mays Family Foundation. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. 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. He has committed himself to a number of civic endeavors and has received a number of awards which include Past Chairman of the Board of Regents, Texas A&M University; Past Chairman, United Way of San Antonio; Associate Board, Harvard Business School; Chairman, Joint Board of the National Association of Broadcasters, 1996; Distinguished Alumni, Texas A&M University; Member, Broadcasting & Cable Hall of Fame; International Citizen of the Year Award, San Antonio World Affairs Council, 1997; National Radio Award, National Association of Broadcasters, 1998; Member, Texas Business Hall of Fame, Inducted 1999; C.W. He did this before he turned 40, which is when he turned his ambitions towards politics. Blumenthal's fortune is held almost entirely by his wife, Cynthia Malkin, with millions of dollars reported in various hedge funds, stocks, and real estate and property partnerships. She is also a member of the U.S. Congressional Club. 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. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. Malkin is the daughter of real estate mogul Peter Malkin. The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. Michael McCaul (R-TX) Net Worth: $117.5 million. RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. So, how much is Michael McCaul worth at the age of 60 years old? The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. Rep. Roger Williams (R-Texas). Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. The West Virginia Senator is the great-grandson of theoil tycoon John D. Rockefeller. Norman and his wife also hold more than $100,000 in stock in Exxon Mobil. The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. Armie Hammer Biography- Wife, Batman & Net Worth. Greg Abbott and Lt. Gov. They've been someone or done something that caught the eye of their party's leaders. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. Here's five of the richest members of Congress a look at what some of the most notable politicians in the U.S. are worth with help from research performed by Celebrity Net Worth. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. Could Alec Baldwin Really Go to Prison for the. They then sold it off for at least $2.5 million. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Republicans are making their 2024 candidates promise to support eventual nominee. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). She is the granddaughter of Irwin M. Jacobs, the co-founder of Qualcomm, a world leader in wireless technology with a stock price of around $156 per share as of March 9th of which she owns $6 million worth. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: 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. 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. For starters, he doesn't have any liabilities to report. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. So, who's got the highest net worth in the House and Senate? We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. This email will be used to sign into all New York sites. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. Net worth: $200 million. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. by Abby Livingston Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. Brianna Stone. Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. Do we need to say more? The congressional money list is in and Texas can once again claim some high rollers, or at least high earners, with the wealthiest members of Congress from the Lone Star State topped by three Austin members: Michael McCaul, Roger Williams and Lloyd Doggett. 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. Linda Kasabian cause of death. Roughly one in ten of the 535 members of the House and Senate rank among the nation's top one percent in terms of personalnet worth. The bulk of Obernolte's fortune stems from his ownership of FarSight Studios, a video-game company in Big Bear Lake, California, that he launched in 1988. Senator John Kerry (D-MA). 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. That trust generated more than $1 million in income last year. 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. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. He married into it. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". McCaul worked as an attorney and a federal prosecutor before entering politics. 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. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. But these politicians' net worths have little in common with the typical financial situation of American families. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. The public employee retirement fund amount should have been in the thousands and not millions. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. The Colorodo lawmaker (and his parents) foundedan online greeting card company which he later sold for $780 million, as well as the webiste ProFlowers.com. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Some of them made crazy money. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. Upton also reported having at least $1 million in Pepsi stock. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. Though he attended law school and passed the Michigan bar exam, Romney chose a career in business. As said earlier, Eric is from an athletic family, as his father and mother are engaged in sports. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. With a net worth of $19.5 billion, as well as being the richest politician in America he . Richard Blumenthal owes much of his wealth to his family. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. Sen. Mark Warner, Virginia, Democrat $93,534,098. By Paul V. Fontelo and David Hawkings. Amplify your impact and donate now. For starters, he doesn't have any liabilities to report. Mr. Mays, Founder and Chairman Emeritus of Clear Channel Communications, served on the Board of Regents of Texas A&M University, where the Mays School of Business bears his name. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. DelBene and her husband reported at least $1.1 million worth of shares in her former company. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. 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. Michael McCaul also doesn't have any liabilities or debts in his financial disclosure, but a large portion of his wealth comes from his wife. Rep. Michael McCaul, Texas, Republican $125,880,292. Peters' wealth is mostly in government securities, though he and his spouse have also invested in several mutual funds. Before joining the Senate, Mark Warner served as governor of Virginia. 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