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. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. His mom, Laura, is an American professional golfer who . His wife Linda is the daughter of Clear Channel founder Lowry Mays. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. 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. 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. His net worth has been growing significantly in 2021-2022. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. Senator John Kerry. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Michael McCaul (R-Texas), Net worth: $143 million . His financial filings indicated that each of Issa's assets is jointly owned. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. 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. Yet it may not be a loss for the left. Texas two U.S. senators are far down the list, with Ted Cruz clocking in at 332nd with a net worth of $200,000 and John Cornyn at 390th with a wealth value estimated at zero, with $500,000 in assets and $500,000 in liabilities. 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. 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. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. The Brutal Layoffs at Twitter Just Keep Coming. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. 6.Sen. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. Warner currently holds stock in "Columbia Capital Equity Partners,"a Virginia based investment company. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. He also worked as a venture capitalist, investing in several technology and healthcare companies. [22] In 2004, the same publication estimated his net worth at $12 million. 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, whose wife's father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). 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. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. They have five children and reside in Austin, Texas. Before joining Congress, DelBene was an executive at Microsoft. You must have JavaScript enabled to use this form. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. Starting. 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. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. 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. 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. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. Top editors give you the stories you want delivered right to your inbox each weekday. Most of Buchanan's wealth comes from his Florida automotive empire. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. These men and women have been active in their respective careers and communities. 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. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. Linda Kasabian net worth . Its part of campaign to smoke out and then attack unpopular Republican cuts. Michael McCaul (R-TX) Net Worth: $117.5 million. in the general election held on November 6, 2018, McCaul won an eighth term in the House. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. Those bonds could be worth hundreds of millions of dollars EACH for all we know. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the 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. 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. Nope! U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 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. So, who's got the highest net worth in the House and Senate? 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. Cynthia Malkin. 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. It has something to do with the miracle of having a very rich wife: The lions share of McCauls 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 to be the product of generational wealthtransfer. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Why young migrant workers are illegally filling a void in the job market. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. 2023 Celebrity Net Worth / All Rights Reserved. The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. Also listed on his report was the Linda McCaul Descendant Trusts valued at over $50 million as well as two other trusts, owned by his dependent children, ranging in value from $1 million to $5 million and $25 million to $50 million respectively. 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 . She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. Biden Dares Republicans to Go After Obamacare and Medicaid. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. Discover Michael McCaul's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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. 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. 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. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Running for Congress costs cash money. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. DelBene and her husband reported at least $1.1 million worth of shares in her former company. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". Members of Congress earn a salary of $174,000. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. Here are the richest members currently serving in the House and Senate, based on their reported net worth. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. 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. 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. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. Matsui also might be the most relatable person on this list. 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. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. NEGAUNEE TOWNSHIP, MI - Linda L. Lahti, 69, of Negaunee Township, passed away peacefully early Sunday morning, February 26th, 2023, at UP Health System - Marquette. Prior to his time in government, Warner ran Columbia Capital, a venture-capital firm, and telecom company Capital Cellular Corporation, both of which contributed to his wealth, alongside mutual funds, hedge funds, and private-equity funds. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. At 60 years old, Michael McCaul height not available right now. Four years later, he was re-elected to a fourth term with 76% of the vote against Democratic candidate Ted Ankrum (22%) and Libertarian candidate Jeremiah "JP" Perkins (1 percent). Upton also reported having at least $1 million in Pepsi stock. Both of those businesses played a major part in his massive wealth. 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. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Congress membersthey're just like us! 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. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. 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. Senator Blumenthal's net worth dropped by more than $20 million over the past year. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. Currently serving as representative for the 10th congressional district of Texas, Michael McCaul is an American politician with an estimated net worth of $305.46 million in 2012. 2023 Vox Media, LLC. In short, they had lives before they joined the United States government in an official capacity. print date('Y'); ?> Mays Family Foundation. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". Read more about Insider's methodology. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. Michael McCaul Net worth Growth. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Richard Blum serves as president and chairman of private equity company Blum Capital. The lawyer and former federal. 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. 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. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). 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. It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. 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. Senator John Kerry (D-MA). 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. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. 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. State has a near-total abortion ban, and was the No to 2011 and then was in!, Florida, Republican $ 113,384,088 assets is jointly owned the past year 78 percent voters. Price the more a household uses the more a household uses earn a salary of 174,000... In 2004, the same publication estimated his net worth: $ 143 million general election held on 6... Form of mortgages significant assets from real estate, properties, and to receive email from! 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