Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Armie Hammer Biography- Wife, Batman & Net Worth. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. 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. Blum is an investor and the president and chairman of Blum Capital, a private equity company. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. 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. 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. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. The Key Moments From Alex Murdaughs Testimony and Murder Trial. All rights reserved. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. 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. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." About Michael Thomas McCaul, Sr. McCaul likewise added two trusts under the ownership of his dependent children, including one trust valued at $25 million to $50 million and another at $1 million to $5million. 2023 Vox Media, LLC. 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. That trust generated more than $1 million in income last year. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. 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. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. 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. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. Actor. 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. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. 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. Rep. Nancy Pelosi, California, Democrat $120,000,000. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. Linda Kasabian cause of death. Linda Kasabian net worth . The reports cover 2020 and provide the most up-to-date estimate of members' net worth. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. She is a newcomer to Congress, joining the ranks in 2021. 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. Rep. Michael McCaul, R-Texas. 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. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. 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. Michael McCauls income source is mostly from being a successful Politician. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). Vern Buchanan has reported ownership interests in about 50 businesses. 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. DeSantis Promises Florida Will Control Disney Content. He also worked as a venture capitalist, investing in several technology and healthcare companies. Scott, who assumed office in 2019, cemented his No. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. 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. 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. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). View popular celebrities life details, birth signs and real ages. In addition to participating in various volunteer activities, Mark also serves on the Vanderbilt University Board of Trust, the Board of the Alamo Area Council of Boy Scouts of America,the Texas Biomedical Research Foundation and the Southwest Research Institute Board. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. He rejoined Congress in 2021. 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. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. in the general election held on November 6, 2018, McCaul won an eighth term in the House. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. 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. 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. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. Both of those businesses played a major part in his massive wealth. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Jay is an heir to oil tycoon John D. Rockefeller. 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. 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. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. 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. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. Michael McCaul's net worth Its part of campaign to smoke out and then attack unpopular Republican cuts. Malkin is the daughter of real estate mogul Peter Malkin. This password will be used to sign into all, How the Richest Member of Congress Got That Way. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. They have five children and reside in Austin, Texas. 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. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. Also learn how He earned most of networth at the age of 58 years old? Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. It's possible he does have. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. So, who's got the highest net worth in the House and Senate? Rest assured, the point of this list is not to chastise anyone for their wealth, but rather to remindeveryone that the people writing our laws the ones passing budgets (or not passing them), deciding whether to extend unemployment benefits, debating raising the minimum wage, and overhauling the tax code are enjoying a very selective experience in our economy. Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Access your favorite topics in a personalized feed while you're on the go. Were beginning to see a patternhere. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 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