Her estimated net worth has increased significantly since 2008 thanks in large part to the success of her husband, Paul Pelosi, who is a venture capitalist and property investor. Click here to contact our editorial staff, and click here to report an error. The period studied is 2004-2012, or from the year the incumbent took office, if it was after 2004. Yarmuth founded several publications, including Louisville Today, and the Louisville Eccentric Observer Weekly (LEO). Congressional financial disclosure forms use value ranges, rather than precise amounts, when reporting assets and liabilities. Additionally, anyone who manages political campaign funds for a U.S. 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. Her student loan debt through the U.S. Department of Education at the time was listed as between $15,001 and $50,000. Earning an annual salary of roughly $174,000 certainly contributes toward their wealth, but many of these lawmakers were rich to being with. Speier is of counsel at the law firm of Hanson Bridgett LLP in San Francisco. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." He went on to sell it for $10 million to McAfee . The reports cover 2020 and provide the most up-to-date estimate of members' net worth. Personal Finances OpenSecrets When possible OpenSecrets tried to determine a more accurate figure. Lloyd Doggett has served in Congress since 1995 and currently represents Texas's 35th District. Like several other lawmakers on this list, Blumenthal married into his vast fortune. spent about $1.8 million of the $2.2 million she raised. Any such honoraria must be reported on the PFD by source and amount. How Nancy Pelosi's Net Worth Vastly Increased While House - Newsweek Top editors give you the stories you want delivered right to your inbox each weekday. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. His largest investment is an interest in Lebanon House Inc., which owns the Golden Lamb Inn, the oldest continuously operating company in Ohio. Kennedy's fortune comes from old family money specifically that of his great-grandfather, who was a businessman, and his great-great-grandfather, who was a co-founder of Standard Oil. Your California Privacy Rights / Privacy Policy. Between 2004-2012, the average American household[41] saw an inflation-adjusted slight increase of assets from $204,957 in 2004[42] to $264,963 in 2012. Lowey is the current chair of the Committee on Appropriations. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. ? the user asked. The Center for Responsive Politics, the organization that runs OpenSecrets.org, calculated each net worth by adding all disclosed assets (corporate bonds, stocks, etc.) Maloney's assets include a townhouse in the Upper East Side, a six-unit rental property in Virginia Beach, and a partial stake in a rental property in Jamaica. 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. Shortly after graduating from college, he founded his own commercial building construction company, R.W. 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. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. In that case, a few very high numbers could, for instance, change the average, but they would not change the median. 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. The change in net worth information has also been added to each of Ballotpedia's profiles of the 535 congressional incumbents. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. "It's yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill," she said. The Richest Members of CongressAnd How They Made Their - Fortune Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. Gov. He also owns several rental properties around the University of Georgia campus. First elected to the U.S. Senate in 1984, Mitch McConnell is one of the longest serving members of Congress. For the full set of data, please visit our Google spreadsheet here. Rep. Alexandria Ocasio-Cortez, D-N.Y., has supported raising the minimum wage, forgiving student loan debt and increasing taxes for the wealthy. 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. After that report, the Center for Responsive Politics OpenSecrets.org ranked Ocasio-Cortez as one of the poorest members of Congress, where more than half of members have a net worth of at least $1 million. Hoeven eventually became president of Westbrand Inc. Bank Holding Co. and retains at least $5 million in company stock. The center's data for 2016 shows the members' financial data in three categories: minimum net worth, average and maximum net worth. This list of richest American politicians includes current and former office-holders and political appointees, and is not necessarily adjusted for inflation. DelBene and her husband reported at least $1.1 million worth of shares in her former company. Richest Member of Congress in Each State - Yahoo Finance Apply for the Ballotpedia Fellows Program, By Sarah Rosier and the Congress team No ban has yet been put in place. She the resumed the speakership in 2019 and will hold that position until the end of the present Congress. The data also includes some former members, whose net worth would have been calculated at the end of their term in the 112th Congress. [21], This chart shows the average yearly percentage change in net worth of the 100 congressional incumbents whose calculated net worth[22] divided by the number of years studied was the highest.[23]. Phillips held more than $250,000 worth of Apple stock, at least $50,000 worth of Facebook stock, and over $1 million in the SPDR S&P 500 Trust ETF. Williams also reported a stake in two aircraft-leasing companies. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Prior to his election to Congress, Heck expanded several small businesses, including one that focuses on workplace education. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Below, as part of Roll Call's Wealth of Congress analysis, we plotted the 115th Congress' minimum net worth on a vertical. Blumenauer has a law degree from Lewis and Clark Law School, and before becoming a legislator, he worked as the assistant to the president of Portland State University for seven years. The latest batch of numbers shows that the 113th Congress had a median net worth of $1,008,767. Senators and Representatives during their time in office. Estimated wealth is at least $100 million in 2012 dollars, for all the people listed here. He ran Sara Lee Corp.'s Asia unit and was an executive with Haggar Clothing and footwear company Reebok. Her investments in the stock market have also earned her substantial capital gains. "Medians are often used when data are skewed, meaning that the distribution is uneven. Donald Trump is a lot less rich today than when he was elected - CNN Please email us if you would like to suggest a revision. Insider compiled members' annual disclosures filed this year, analyzing thousands of pages of documents to estimate the minimum and maximum net worth of members of the US Senate and the US House of Representatives, including nonvoting delegates. Inside Alexandria Ocasio-Cortez's Unlikely Rise, 2018 financial disclosure for Rep. Alexandria Ocasio-Cortez, AOC makes student loan payment during congressional hearing on student loans, 2019 financial disclosure for Rep. Alexandria Ocasio-Cortez, Rep. Alexandria Ocasio-Cortez 2020 election campaign finance report, Rep. Alexandria Ocasio-Cortez 2018 election campaign finance report, Rep. Ocasio-Cortez Launches Political Group To Boost Progressive Candidates, Courage to Change political action committee campaign finance report, AOC raises nearly $5 million in Texas relief efforts. In her most recent financial disclosure, filed in September 2020, Ocasio-Cortez reported between $2,003 and $31,000 in assets, compared with student loan debt of between $15,000 and $50,000. Before serving in Congress, Mullin dropped out of college to manage the family's plumbing company, building it into a regional business. Help us provide information on American politics. Rosen worked for companies such as Citibank and Southwest Gas Company before she was elected to Congress. 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. 15. The congresswoman filed her next financial disclosure in September 2020. This is the first . Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. 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. Net worth of United States Senators and Representatives, Former congressional members in the Executive Branch, Reports from the financial year before members entered congress are included when available, Apply for the Ballotpedia Fellows Program, Democratic Congressional Campaign Committee, National Republican Congressional Committee, Filing requirements for congressional candidates, Staff salaries of United States Senators and Representatives, Changes in Net Worth of U.S. More than half of Isakson's estimated wealth is held in a blind trust he established in 2012. This was an inflation-adjusted annual percentage change of -0.94 from 2004 to 2012. Scott, who assumed office in 2019, cemented his No. In the private sector, Kennedy was an attorney and partner in the Baton Rouge and New Orleans law firm of Chaffe McCall. How Obama, Biden and Other Elected Officials Have Made Millions by Scott did not list any liabilities or debts in his filings. Pingree and her husband, Charlie, operated a small farm for several years. The former for-profit college executive's average net worth skyrocketed from $101 million to nearly $180 million. Pelosi previously opposed such a ban, but later came out publicly in support of it. 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. Rep. Susan W. Brooks is serving her fourth term in Congress. Eight-term Rep. Jeff Fortenberry represents Nebraska's 1st District, which is in the eastern part of the state. Today, Kelly and his wife's financial filings include profits from the dealership and over 200 stocks, bonds, and mutual funds. Beyer made his fortune running several car dealerships around Washington D.C. subscribe to our print edition, ad-free app or electronic newspaper replica here. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Before becoming vice president of mobile connections marketing for Microsoft which is headquartered in her district Delbene launched two successful internet startups. Federal Election Commission, accessed March 9. The year each House member or senators current term ends came from nonprofit political encyclopedia Ballotpedia. The average increase in net worth in the Top 100 was 114% per year. In keeping with the method of calculating congressional net worth, home equity was withheld from the figure. Two Facebook users who shared the post did not respond to requests for comment. He also was the founding chairman of Summit Bank, based in Panama City.
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