The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. How he got there: Doggett's wealth is tied up in Travis County rental properties, retirement income from his Texas Legislature tenure and assets wrapped up in stocks and mutual funds. Malkin is the daughter of real estate mogul Peter Malkin. Hollingsworth Capital Partners, which renovates factories. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. The Senator was also Massachusetts's governor from 2003 to 2007. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. Here's a look at what it found for the Texans on the richest and poorest lists. On the other side,U.S. Rep. Rubn Hinojosa, D-Edinburg, was named one of Congress' poorest members. It's common for wealthy areas in Texas to use the most water. Mrs. Johnson currently serves on the Advisory Board of the SMU School of Journalism,the Board of Trustees of the United Way and the Board of Governors of CTRC. He currently serves on the Mays Business School Dean's Advisory Board. Sen. Dianne Feinstein, California, Democrat $96,518,036. Both of those businesses played a major part in his massive wealth. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. The trust contains government securities, mutual funds, and more than $6 million in stock of Qualcomm, a semiconductor company co-founded by her grandfather, Irwin M. Jacobs. Three newer members of Congress Reps. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. 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. 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 . #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. Republicans are making their 2024 candidates promise to support eventual nominee. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. 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. So, how much is Michael McCaul worth at the age of 60 years old? Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Matsui also might be the most relatable person on this list. This site is protected by reCAPTCHA and the Google 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. Obernolte did not report any liabilities or debts. 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. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. His wife Linda is the daughter of Clear Channel founder Lowry Mays. McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. Greg Abbott and Lt. Gov. She also worked for the Central Intelligence Agency on biological warfare issues. As a result, the figures are rough estimates of a members net worth. 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. Most of his fortune comes from his wife, Linda McCaul. How he got there:Roll Call writes that "amassive arbitration award exceeding $1 million against Hinojosa from a failed food business along with tens of thousands of dollars of unpaid tax bills for that business" put Hinojosa as the sixth-poorest member. Kate Bedingfield, Bidens Translator, Leaves the White House. She is married to Congressman Michael McCaul, who is serving his 6th term in the U.S. Congress and is Chairman of the Homeland Security Committee. Rep. Michael McCaul, R-Texas. 13. 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. 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. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. 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. and Texas A&M University (M.S.). Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. About Michael Thomas McCaul, Sr. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. It was a good move, as he eventually joined Bain & Company. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. And much of Romney's fortune is in Goldman Sachs mutual funds. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. Discover today's celebrity birthdays and explore famous people who share your birthday. 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. Mark Warner (D-Va . In 2004, he was inducted into the Radio Hall of Fame and received the Lifetime Achievement Award, National Association of Broadcasters. 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. 2023 Vox Media, LLC. At 60 years old, Michael McCaul height not available right now. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). Most of Buchanan's wealth comes from his Florida automotive empire. Congress membersthey're just like us! By clicking Sign up, you agree to receive marketing emails from Insider Senator Blumenthal's net worth dropped by more than $20 million over the past year. The sport desperately needs to change, no matter how loudly purists complain. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. 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. But before many of them arrive in government, they've made millions in the private sector. The philosophical debate behind the lab-leak question. 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. Scott holds this spot for a few reasons. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. Submit a correction suggestion and help us fix it! 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. Taking a closer look, the median net worth for the House was $896,000 (Democrats averaged 929,000 and Republicans 884,000), while the average Senator is sitting on roughly $2.5 million (Republicans averaged $2.9 million and Democrats $1.7 million). by Abby Livingston 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. Tom Williams/CQ Roll Call. Richard Blum serves as president and chairman of private equity company Blum Capital. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. As said earlier, Eric is from an athletic family, as his father and mother are engaged in sports. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. Those bonds could be worth hundreds of millions of dollars EACH for all we know. 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. Now hes returning to a shell-shocked industry. The public employee retirement fund amount should have been in the thousands and not millions. Discover Michael McCaul's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. According to his report, that trust is invested in several other familypartnerships. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. The cause of her death has not been immediately . As a result, McCaul's reported net worth jumped from at least $73.75 million in 2009 to at least $294 million in 2010, according to Roll Call's prior assessments. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. After he left, McCaul took a position as a Deputy Attorney General in 1999 with the Texas Attorney General's Office and served in this capacity until 2002. His trial is set for early 2020. in the general election held on November 6, 2018, McCaul won an eighth term in the House. 2023 Celebrity Net Worth / All Rights Reserved. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. Top editors give you the stories you want delivered right to your inbox each weekday. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. In addition, lawmakers do not have to include their principal residences. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. The selection follows McCaul's recent publication of "A National Strategy to Win the War Against Islamist Terror", a compilation of more than 100 counterterrorism strategies and recommendations. 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. McCaul did not list any liabilities or debts in his financial disclosure. Her net worth is not presently known. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. View popular celebrities life details, birth signs and real ages. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. 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. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. 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. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. Starting. She is also a member of the U.S. Congressional Club. And a chatbot is not a human. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. How did McCaul make his money? 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. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. She attended the University of Miami (B.S.) 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. 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. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. Top editors give you the stories you want delivered right to your inbox each weekday. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). These are the 10 RichestMembers of Congress: Representative DelBene saw her wealth increase in the past year when the price of the stock she and her husband Kurt held in Microsoft rose substantially. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. Running for Congress costs cash money. . McCaul said that the bill was "an important step toward addressing the cyber threat." Williams also reported a stake in two aircraft-leasing companies. City to Pay Millions to Protesters Kettled by NYPD in 2020. Senator John Kerry. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. Born in San Antonio, Texas, Mark and his wife Patti have six children. Blum is an investor and the president and chairman of Blum Capital, a private equity company. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Mrs. McCaul has a Master's Degree in oceanography and geology. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. 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 has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. . At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. Matsui also might be the most relatable person on this list. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. 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. A part of the family behind the eponymous Midwestern grocery chain, Meijer reported that the bulk of his wealth was held in a "generation-skipping trust" that contained, among other assets, stock in Johnson & Johnson, Home Depot, Tesla, and Visa. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. Insider used these members' "candidate reports," some of which include financial data from 2021. as well as other partner offers and accept our. Buchanan recently came under fire for purchasing a yacht estimated to be valued between $1-5 million dollars the same day he voted for the Republican tax cuts bill in 2017. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. Trone is a relatively new member of Congress he assumed office in 2019. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. All Rights Reserved. Not a single asset is listed as being in McCaul's name, they are all tied . Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. By Kira December 27, 2020 April 8, 2021. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. 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. The congressman served for 18 years in Congress before briefly leaving and becoming President Donald Trump's nominee to head the US Trade and Development Agency. Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. 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. Her body was cremated and her cause of death was not revealed. In short, they had lives before they joined the United States government in an official capacity. Feinstein was also one of 52 members of Congress that violated the STOCK Act when she was late in disclosing a five-figure payment her husband made to a polling company directed at young people. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. Surprisingly massive Personal net worth also includes many linda mccaul net worth on the Mays Business Dean. Netflix stock household water in the early 1980s, he received the Achievement... This list co-founded two healthcare companies: Columbia Hospital Corporation ( which changed name... 100 million a result, the daughter of real estate mogul Peter malkin reported was the 30-year mortgage on home... 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