The bulk of his estimated net worth of $12.3 million, however, comes from Cooper Brothers Land Co., a real estate firm the congressman owns with his two brothers. For the second year in a row, Representative Darrell Issa tops the lot with a net worth of $357.25 million, largely the result of. Those from personal acquaintances, contributions to legal defense funds and commemorative items. Lawmakers are not required to disclose certain classes of personal assets, such as the value of their personal residence, so these assets are not included in Insider's calculations. Financial disclosures that members of Congress are required to file show that it didnt. Data on the net worth of members of Congress came from the 2018 Wealth of Congress report from CQ Roll Call, an intelligence and advocacy group based in Washington, D.C. Net worth figures are based on recent financial filings and are representative of the time that each House member or senator was beginning his or her term in the 115th Congress. After heated budget debates, threats of government shutdowns and multiple votes to raise the debt ceiling, Congress has been dealing with fiscal issues on a regular basis. Hollingsworth launched his campaign in his adopted home state of Indiana with over $3 million of his own money. The Census Bureau, the source of the average citizen data, breaks down net worth into wealth categories. His largest investment is an interest in Lebanon House Inc., which owns the Golden Lamb Inn, the oldest continuously operating company in Ohio. Congressional disclosure forms don't provide a precise number, but the midpoint. Members disclose the value of their assets in broad ranges. "It's yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill," she said. Federal Election Commission, accessed March 9. Rep. Brad Schneider served Illinois' 10th District from 2013 through 2015 and began serving once again in 2017. However, she has other sources of income. Rep. Liz Cheney's (R-WY) net worth ballooned from an estimated $7 million when she first took office in 2017 to possibly more than $44 million in 2020, according to analysis from the Center for Responsive Politics and her most recent financial disclosure forms. Scott did not list any liabilities or debts in his filings. Student volunteers wanted! (Note that elected officials and senior staff may only earn outside income up to $26,100 a year. He made much of his wealth as a corporate executive, first at Chrysler in 1985 and then as CEO of Ross Education, a health industry training firm. He is currently serving his second term as senator from Colorado. Upton also reported having at least $1 million in Pepsi stock. He is the great grandson of one of the key figures in the Kimberly-Clark Corporation, in which he once owned more than $2 million worth of stock. They occasionally also report the combined value of the account, in which case the combined value is omitted from calculations. Ocasio-Cortezsstory of bartender-turned-congresswoman after upending an incumbent Democrat in a safely blue New York district is well documented. 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. Rep. Chellie Pingree's dramatic net worth increase is due to her marriage. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. Senators and Representatives (Personal Gain Index), All data relating to the average net worth of individual members of congress from. Rep. Young passed away on October 18, 2013. Senators and Representatives during their time in office. A median is the middle value of a list. The latest batch of numbers shows that the 113th Congress had a median net worth of $1,008,767. CNN . That also makes it difficult to pin down exactly how much Pelosi's net worth has grown since she first became speaker in 2007, but she has been reported to be one of the wealthier members of Congress. The STOCK Act requires that the terms of all mortgages, including those on non-income producing personal residences, be disclosed. 5 Kelly Loeffler, who served between 2020-2021 as a Republican. It displays the net worth (the difference between assets and liabilities) for the member and their immediate family, such as a spouse or dependent children. The Washington Free Beacon also estimated then that Pelosi's net worth had risen by $140 million since 2008. Rep. Blaine Luetkemeyer is a six-term congressman from Missouri who operates a 160-acre farm and also has been in banking and insurance. He also worked as a venture capitalist, investing in several technology and healthcare companies. If we use the average net worth category for the House and . Before becoming vice president of mobile connections marketing for Microsoft which is headquartered in her district Delbene launched two successful internet startups. Ro Khanna has served California's 17th District, which covers much of Silicon Valley, since 2017. Issa did not report owning any individual stocks his wealth is largely held in diversified stock funds and his ownership of properties in California and Ohio. DeLauro is married to political strategist and best selling author Stanley Greenberg. lived paycheck to paycheck, according to Time. Income from the taco restaurant where she tended bar and from her 2018 congressional campaign totaled $25,463. Although this data is harder to compare member-to-member because the starting year may be different, it still provides insight as to who experienced the most drastic total increases. Like several other lawmakers on this list, Blumenthal married into his vast fortune. However, there were substantial increases in wealth of the members who fell into this category. Vicky Hartzler is serving a fifth term as congresswoman representing the 4th District in western Missouri. Issa listed one liability: a margin account holding him liable for over $50 million. However, all mortgages are required to be disclosed. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. Today, much of Warner's fortune estimated at over $90 million is held in blind trusts. Outside, earned income that exceeds $200 must be reported. Entrepreneurship. Rep. Lucille Roybal-Allard, a Democrat from California: -$1,008,000, Rep. Steven Horsford, a Democrat from Nevada: -$1,047,992, Sen. Cynthia Lummis, a Republican from Wyoming: -$1,401,991, Sen. Tammy Duckworth, a Democrat from Illinois: -$1,877,936, Rep. August Pfluger, a Republican from Texas: -$2,000,002. The Washington Free Beacon also estimated then that Pelosi's net worth had risen by $140 million since 2008. Before venturing into politics, the 3-term senator and former Virginia governor ran a venture-capital firm, Columbia Capital, and a telecom company, Capital Cellular Corporation. When the members who lost money during this time period are removed from the calculation,[35] the growth in wealth among the "wealth gainers" stands out. Before he was a senator, Risch used his income from his private attorney practice to buy large swaths of farming and ranching land in the southwestern part of the state. This figure represents the total percentage growth from either 2004 (if the member entered office in 2004 or earlier) or his or her first year in office (as noted in the chart below). (January 2021) This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. Senators and Representatives (Personal Gain Index). Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. For the purpose of our comparison to the median American citizen data below, the median congressional increase was 1.55 percent per year. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. Today, Kelly and his wife's financial filings include profits from the dealership and over 200 stocks, bonds, and mutual funds. He is serving his fifth term as congressman. For the full set of data, please visit our Google spreadsheet here. 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. Percentage increase is not meaningful for this candidate as the initial average net worth is less than or equal to zero. Sen. Ron Johnson was first elected to the U.S. Senate in 2010. How much are your senators and representatives worth? While financial disclosures show that Ocasio-Cortezs personal wealth has not skyrocketed during her time in Congress, her political fundraising has taken off alongside her national profile, according to Federal Elections Commission filings. Student volunteers wanted! We're fact checking the news and sending it to your inbox. During his initial campaign and subsequent re-election campaigns, Johnson has touted his entrepreneurial credentials, highlighting the fact that he is the only manufacturer in the Senate. She has amassed her wealth through the business activities of her husband, Paul Pelosi. Ballotpedia features 408,463 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. This page is about changes in net worth of U.S. Each member of Congress' wealth was calculated by subtracting the sum of their minimum reported liabilities from the sum of their minimum asset values. Prior to his election to Congress, Shelby was an attorney. Property (such as personal residences) and non-income producing investments are not required to be reported under ethics laws. :We're fact checking the news and sending it to your inbox. Top editors give you the stories you want delivered right to your inbox each weekday. This number was found by dividing each member's total net worth growth percentage by the number of years included in the calculation. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. 24/7 Wall St. reviewed the estimated net worth of U.S. congressional representatives from Roll Call, a Capitol Hill news outlet, to identify the 76 richest members of Congress. Help us provide information on American politics. If a member gains, expect the gain to be large. Democrat Earl Blumenauer has represented Oregon's 3rd District for nearly two and a half decades. Sen. John Hoeven built his wealth by working in banking in North Dakota. The Center for Responsive Politics, the organization that runs OpenSecrets.org, calculated each net worth by adding all disclosed assets (corporate bonds, stocks, etc.) When she took office in 2019, Ocasio-Cortez reported in her first financial disclosure that she had a checking account, a brokerage account and a 401(k)plan through the National Hispanic Institute that were worth between $3,003 and $45,000. Republican Rick Allen has represented Georgia's 12th District since taking office in 2015. More than half of Isakson's estimated wealth is held in a blind trust he established in 2012. Based on the $19,000 in student loan debt Ocasio-Cortez said she had in September 2019, she could be in the hole to the tune of nearly $17,000. However, our bipartisan reform coalition was then subjected to repeated delay tactics, hand-waving gestures, and blatant instances of Lucy pulling the football," Spanberger said in a statement. Because many members went from a negative net worth to a positive net worth during the years calculated, this figure is an important figure because the total asset increase can figure in all members' asset growth, including the members who did not have a meaningful percentage change due to increasing from a negative to a positive net worth. [7], This requirement also extends to candidates for federal office, senior congressional staff, nominees for executive branch positions, Cabinet members, the president and vice president and Supreme Court justices. Pelosi became speaker for the first time in 2007 and served until 2011. Approximately half of McConnell's estimated wealth comes from a $5 million gift from his father-in-law in 2008. This is the first . See the sources for this fact-check. Sign up to get that here. Alexandria Ocasio-Cortez Emerges as a Political Star, 'Change Is Closer Than We Think.' Neal Dunn represents the 2nd District in Florida, which covers most of that state's panhandle. Comenity Direct Savings and CDs: Safe Places To Make the Most of . Any liability or loan where the filer, his or her spouse or his or her dependent children owed more than $10,000 at any time during the calendar year. Click here to contact us for media inquiries, and please donate here to support our continued expansion. Apply for the Ballotpedia Fellows Program. He also edits and owns Kentucky Golfer. Sen. Joe Manchin III of West Virginia. Her student loan debt through the U.S. Department of Education at the time was listed as between $15,001 and $50,000. The top range for item valuation is listed as "Over $50 million" on forms. The . The eight-term congressman from Texas, Rep. Michael Conaway is a certified public accountant who worked at Price Waterhouse and with George W. Bush as the chief financial officer for Bush Exploration. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Research: Josh Altic Vojsava Ramaj 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. Filers are required to report detailed listings and values of holdings that underlie an account. When this is the case, it is expressed with a negative percent. Only lawmakers with an estimated net worth of more than $3 million are included on this list. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. Before he was elected to Congress in 2016, Dunn was a medical doctor who worked in Panama City and founded the Advanced Urology Institute, a 45-physician practice with more than 400 employees. Rep. Nita M. Lowey has served in Congress since 1989, and currently represents New York's 17th District located in southern New York State, just north of New York City. Marjorie Taylor Greene has an estimated net worth of around $700,000. Please email us if you would like to suggest a revision. Democrat Rosa DeLauro has represented Connecticut's 3rd District which covers the central part of the state along the coast since 1991. D.C.-based nonprofit OpenSecrets.org estimated Pelosi's net worth at $115. Buchanan earned much of his fortune through car dealerships and through his involvement in charter jet and yacht leasing. Although the 2012 freshmen only saw moderate growth after one year in office, the growth for the 112th freshmen was staggering. Even though they weren't required to do so, some filers did list the value of their personal residences; when they did, we included the information in our totals and detailed listings. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. 15. Here are the richest members. For instance, if three assets are listed at a value range of $1,001-$15,000, the total range of assets would be listed as a minimum of $3,003 (3 X $1,001) and a maximum value would be $45,000 (3 X $15,000). Every year members of congress are required by law to disclose certain financial information regarding personal assets and liabilities. The earliest average was then adjusted for inflation. Of the "Top 100", 56 are Republicans, 43 are Democrats and one is an Independent. Before joining Congress, DelBene was an executive at Microsoft. Trone is a relatively new member of Congress he assumed office in 2019. Brooks also worked as a criminal defense attorney for Indianapolis-based law firm of McClure, McClure and Kammen. 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. Rep. Lisa Blunt Rochester of Delaware. Census figures were unavailable for the raw, excluding home equity figure -- this figure is an estimate calculated by applying the 2005 ratio of net worth excluding home equity to the net worth figure available for 2004 (which included home equity). Chao also collected a salary during her tenure on the boards of Wells Fargo and News Corp. Rep. Mike Kelly was first elected to the U.S. House of Representatives in 2010. For example, Sen. John McCain, who has been in Congress since 1982, shows a total net worth decrease of -74.5 percent during the period of 2004-2012. This report compared average and median data, and in both cases the growth of congressional net worth significantly outpaced that of the American citizen. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". Estimated wealth is at least $100 million in 2012 dollars, for all the people listed here. The former for-profit college executive's average net worth skyrocketed from $101 million to nearly $180 million. Senator must file.[8]. Before serving in Congress, Mullin dropped out of college to manage the family's plumbing company, building it into a regional business. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. An average value is calculated by adding all the observations and dividing by the number of observations. Still, the wealthiest congressional representatives did not earn their fortunes as public servants. In the earliest days of American independence, members of the federal government were not paid a salary as most of them were wealthy to begin with. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. The wealthiest members of Congress have one thing in common. Fred Upton has been in Congress since 1987 and has served Michigan's 6th District located in the southwest corner of the state since 1993. Prior to being elected to office, she made much of her wealth in the private sector. The reports cover 2020 and provide the most up-to-date estimate of members' net worth.