Saturday, January 24, 2015

The 50 Richest Members of Congress

 Jan. 24, 2015 -- ROLL CALL

Click here to see the 50 richest members of Congress.
To determine the richest lawmakers, Roll Call adds up the minimum value of total assets reported by each Member on their annual financial disclosures and subtracts the minimum liabilities. Percent change refers to the change since last year's disclosure forms.
An asset valued at $5 million to $25 million is counted at the lesser amount, as is a liability valued at $1 million to $5 million.
You can visit previous editions of 50 Richest lists here.

  1. Rep. Michael McCaul (R-Texas) $294.21 Million

    • Assets

      $294.21 Million
    • Liabilities

      $0.00 Million
    • Change


    When McCaul first appeared on Roll Call’s annual survey of the 50 Richest Members of Congress in 2005, he was a wealthy guy, reporting a minimum net worth of about $12 million.
    His financial disclosure report now depicts a fortune worth almost 25 times that amount, making him the wealthiest Member of Congress, at least on paper.

    McCaul ranked fifth among last year’s class of richest lawmakers, with a minimum net worth of at least $73.75 million, but has since risen to more than $294 million.
    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 the Congressman’s dramatic rise in net worth in 2010 appears to be the product of generational wealth transfer.

    A footnote to McCaul’s newest report noted that “certain assets” owned by his spouse were “acquired via a gift from spouse’s parents.” The accounts were not identified.
    On his financial disclosure, McCaul listed a new asset — the Linda McCaul Descendant Trusts — owned by his wife that was valued at more than $50 million. According to his report, that trust was invested in several other family partnerships.

    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 $5 million.
    Another of Linda McCaul’s investment accounts also appears to have doubled in value, moving from a minimum worth of $25 million to a minimum of $50 million.
  2. Rep. Darrell Issa (R-Calif.) $220.40 Million

  3. Sen. John Kerry (D-Mass.) $193.07 Million

  4. Sen. Jay Rockefeller (D-W.Va.) $81.63 Million

  5. Sen. Mark Warner (D-Va.) $76.30 Million

  6. Rep. Jared Polis (D-Colo.) $65.91 Million

  7. Sen. Frank Lautenberg (D-N.J.) $55.07 Million

  8. Sen. Richard Blumenthal (D-Conn.) $52.93* Million

  9. Sen. Dianne Feinstein (D-Calif.) $45.39 Million

  10. Rep. Vern Buchanan (R-Fla.) $44.21 Million

  11. Rep. Jim Renacci (R-Ohio) $35.87* Million

  12. Rep. Nancy Pelosi (D-Calif.) $35.20 Million

  13. Rep. Rick Berg (R-N.D.) $21.60* Million

  14. Sen. Bob Corker (R-Tenn.) $21.18 Million

  15. Rep. Rodney Frelinghuysen (R-N.J.) $20.35 Million

  16. Sen. James Risch (R-Idaho) $19.78 Million

  17. Rep. Gary Miller (R-Calif.) $17.45 Million

  18. Sen. Claire McCaskill (D-Mo.) $17.00 Million

  19. Rep. Kenny Marchant (R-Texas) $16.45 Million

  20. Rep. Nita Lowey (D-N.Y.) $15.46 Million

  21. Rep. Richard Hanna (R-N.Y.) $13.73** Million

  22. Rep. Mike Kelly (R-Pa.) $11.90* Million

  23. Rep. Trent Franks (R-Ariz.) $11.60 Million

  24. Rep. Scott Rigell (R-Va.) $10.69* Million

  25. Rep. Diane Black (R-Tenn.) $10.63* Million

  26. Rep. Tom Petri (R-Wis.) $10.60 Million

  27. Sen. Lamar Alexander (R-Tenn.) $10.38 Million

  28. Sen. John McCain (R-Ariz.) $10.35 Million

  29. Sen. Tom Harkin (D-Iowa) $10.28 Million

  30. Rep. Carolyn Maloney (D-N.Y.) $10.14 Million

  31. Rep. Jim Sensenbrenner (R-Wis.) $10.14***Million

  32. Sen. Olympia Snowe (R-Maine) $9.88 Million

  33. Sen. Mitch McConnell (R-Ky.) $9.84 Million

  34. Rep. Tom Price (R-Ga.) $9.43 Million

  35. Rep. Nan Hayworth (R-N.Y.) $9.35* Million

  36. Rep. Shelley Berkley (D-Nev.) $9.29 Million

  37. Sen. Herb Kohl (D-Wis.) $9.23 Million

  38. Rep. Lloyd Doggett (D-Texas) $8.53 Million

  39. Rep. Blake Farenthold (R-Texas) $8.51* Million

  40. Rep. John Campbell (R-Calif.) $8.44 Million

  41. Sen. Ron Johnson (R-Wis.) $8.18* Million

  42. Rep. Steve Pearce (R-N.M.) $8.03* Million

  43. Sen. John Hoeven (R-N.D.) $7.94* Million

  44. Rep. Fred Upton (R-Mich.) $7.93 Million

  45. Rep. Bill Flores (R-Texas) $7.71* Million

  46. Sen. Jeff Bingaman (D-N.M.) $7.41 Million

  47. Sen. Kay Hagan (D-N.C.) $7.06 Million

  48. Sen. Ben Nelson (D-Neb.) $6.56 Million

  49. Sen. Johnny Isakson (R-Ga.) $6.47 Million

  50. Rep. Randy Neugebauer (R-Texas) $6.21 Million

* Indicates a freshman Member of Congress. Roll Call did not calculate percent change from forms filed as candidates.
** Member has not yet filed a disclosure form this year. The number here is based on the last available data, a disclosure form filed last year when he was a candidate for Congress. This information will be updated.
*** Roll Call added Sensenbrenner to this list after initial publication based on more detailed information about his wealth provided by his office. Sensenbrenner used to file a personal wealth statement — detailing not only his stock investments and bank accounts, but his travelers checks and stamp collection — along with the standard disclosure form. He did not attach a similar accounting with his 2010 financial report filed this spring, which showed a net worth of at least $5.19 million. But during Roll Call’s review of the details of Sensenbrenner’s nearly 700-page report, his office pointed to a separate financial statement he submitted to the Congressional Record in May, which indicates the Wisconsin lawmaker has a net worth of $10.14 million dollars, including several items that he does not have to report on the disclosure form. With Sensenbrenner’s addition, Rep. Rosa DeLauro (D-Conn.) drops from our list.
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