Submit a correction suggestion and help us fix it! Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. 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. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. Republicans are making their 2024 candidates promise to support eventual nominee. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. 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. 2023 Vox Media, LLC. 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. The House Minority leader's husband, Paul Pelosi, owns and operatesFinancial Leasing Services Inc., a San Francisco-based real estate and venture capital investment firm. 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. In addition, she is married to Blum Capital president and chairman Richard Blum. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. And a linguist named Emily M. Bender is very worried what will happen when we forget this. Richard Blum serves as president and chairman of private equity company Blum Capital. Her body was cremated and her cause of death was not revealed. Matsui also might be the most relatable person on this list. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. Other Central Texas lawmakers were ranked well below McCaul, Williams and Doggett: U.S. Rep. Lamar Smith, R-San Antonio, ranked 96th with $3 million net worth. The trusts contain a combination of mutual funds, stocks, and electronic funds. Even though she was present at both the Tate and LaBianca murders, because she was the key witness in District Attorney Vincent Bugliosi's prosecution of Charles . McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. According to his report, that trust is invested in several other familypartnerships. That trust generated more than $1 million in income last year. His net worth has been growing significantly in 2021-2022. Michael McCaul (R-TX) Net Worth: $117.5 million. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. You must have JavaScript enabled to use this form. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. The city threw out a Democratic mayor for the first time in decades. Trone is a relatively new member of Congress he assumed office in 2019. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. Michael McCaul Net Worth. By Kira December 27, 2020 April 8, 2021. . These men and women have been active in their respective careers and communities. Here are the richest members currently serving in the House and Senate, based on their reported net worth. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. 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. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. By clicking Sign up, you agree to receive marketing emails from Insider City to Pay Millions to Protesters Kettled by NYPD in 2020. Rep. Michael McCaul, R-Texas. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. 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. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . In 2012, Highland Park residents used about three times as much water per day than the average Dallas resident, most of it for landscaping. Linda Kasabian cause of death. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. Senator Blumenthal's net worth dropped by more than $20 million over the past year. They've been someone or done something that caught the eye of their party's leaders. 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. Warner has also been a venture capitalist. Michael McCauls income source is mostly from being a successful Politician. He attended Trinity University and earned his. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). Blum is an investor and the president and chairman of Blum Capital, a private equity company. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. Also learn how He earned most of networth at the age of 58 years old? Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Austin RepublicanMichael McCaul, one of the wealthiest members of Congress, used more city water than any other resident last year, according to the Austin American-Statesman. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. McCaul won re-election again in 2008, against Democratic candidate Larry Joe Doherty and Libertarian candidate Matt Finkel by a 54 to 43 percent margin. Recognizing the humanitarian crisis in Yemen, McCaul explained his belief that approving the resolution would "disrupt US security cooperation agreements with more than 100 countries.". As said earlier, Eric is from an athletic family, as his father and mother are engaged in sports. The U.S. Is Choosing Child Labor Over More Immigration. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. Learn How rich is He in this year and how He spends money? He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. Here's five of the richest members of Congress a look at what some of the most notable politicians in the U.S. are worth with help from research performed by Celebrity Net Worth. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. Though he attended law school and passed the Michigan bar exam, Romney chose a career in business. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. The Virginia Democrat made his millions as the co-founder of Nextel. How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments. At 60 years old, Michael McCaul height not available right now. Darrell Issa founded Directed Electronics, based in Vista, California. 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. Born Michael Thomas McCaul on the 14th January 1962, in Dallas, Texas USA, he is a politician, a member of the Republican Party, and best known to the world as The majority of Rep. McCaul's wealth comes from his wife, Linda McCaul, who is the daughter of Lowry Mays, the CEO and founder of Clear Channel Communications. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. Rep. Trey Hollingsworth is only 34 years old, but the Indiana Republican has a sizable fortune from his father, the founder of Hollingsworth Capital Partners, which renovates factories. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. 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. *Sorry, there was a problem signing you up. 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. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. Top editors give you the stories you want delivered right to your inbox each weekday. 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. In 2004, he was inducted into the Radio Hall of Fame and received the Lifetime Achievement Award, National Association of Broadcasters. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. And a chatbot is not a human. In 2004, the same publication estimated his net worth at just $12 million: His wealth increase was due to large monetary transfers from his wife's family. The philosophical debate behind the lab-leak question. Senate and House of Representatives earn $174,000 per year in salary, and many have lucrative investments in businesses, whether their own or through stocks or index funds. 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. After graduating from Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). Privacy Policy and It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. He graduated from Jesuit College Preparatory School of Dallas and earned a Bachelor of Arts in history from San Antonio's Trinity University in 1984 and his Juris Doctor from St. Mary's University three years later. 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. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. Buchanan's wealth primarily comes from his ownership of several car dealerships, in addition to a limited liability company that was labeled as "Aircraft Holding & Leasing" and valued at $25 million to $50 million. 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. by Abby Livingston McCaul did not list any liabilities or debts in his financial disclosure. Brianna Stone. Mark Warner (D-Va . The majority of Rep. McCaul's wealth comes from his wife, Linda McCaul, who is the daughter of Lowry Mays, the CEO and founder of Clear Channel . That is the highest disclosure category. Actor. McCaul, whose wife's father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. They then sold it off for at least $2.5 million. The Brutal Layoffs at Twitter Just Keep Coming. She attended the University of Miami (B.S.) Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). Linda Kasabian obituary . DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. Several cities try to conserve water by creating mandatory watering schedules for residents. McCaul's $7.3 million, 14,000-square-foot home sits on nearly two acres in the 78746 ZIP code, which like Highland Park is on a Bloomberg list of the wealthiest areas in the country. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. The public employee retirement fund amount should have been in the thousands and not millions. Since then, the state has allowed some residential water users to opt for confidentiality. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, Michael McCaul, one of Congress' richest members, used more water in 2017 than any Austin resident, Highland Park residents used about three times as much water, Author of Texas drag bill says video of him wearing dress was a joke back in school, Judge rules in favor of Michael Irvin in request for expedited evidence in $100M lawsuit, Dallas-Fort Worth could see severe thunderstorms, large hail, tornadoes Thursday, Former DPD chief David Brown returning to North Texas after resigning as Chicagos top cop, Corby Davidson, radio co-host of The Tickets Hardline, has rare benign tumor, New apartment project coming for Allens downtown district, Smoke-filled Spirit Airlines flight from DFW Airport diverted after battery fire, Target plans new store in Oak Cliffs Wynnewood Village, Southwest Airlines ups its caffeine game by introducing in-flight bottled iced coffee, Ray Washburne buys downtown Dallas landmark Founders Square building, Oak Cliff apartment project will bring affordable units, skyline view of Dallas, Ray Davis optimistic, anxious about Rangers season amidst tumultuous TV situation, Hot List: 16 great restaurants to visit in Dallas-Fort Worth in March 2023, Ross Perot Jr.s Hillwood buys California NASCAR track for estimated $543.7 million. 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