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. This site is protected by reCAPTCHA and the Google (Courtesy McCaul's office) McCaul's triplets. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. This is the unique deodorant that won over Shark Tank investors & shoppers love the newest scent, These Are The Best Deals On Amazon Right Now, By subscribing to this BDG newsletter, you agree to our. Trone is a relatively new member of Congress he assumed office in 2019. One of Norman's IRA's is worth at least $5 million. 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. Rep. Darrell Issa, California, Republican $115,850,012. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. McCaul, whose wife's father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. Malkin's father, Peter L. Malkin, is the chairman emeritus of Empire State Realty Trust a commercial office and retail leasing agency for units across Manhattan including the Empire State Building and the chairman of Malkin Holdings. U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015, according to a new list released by Roll Call. Alamu Tosin February 28, 2023. 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. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. In late 2021, DelBene appeared to violate the STOCK Act by improperly disclosing her husband's massive sale of Microsoft stock days before President Joe Biden nominated him for an administration post. Richard Blumenthal owes much of his wealth to his family. Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. McCaul says his approach to counterterrorism will aid in integrating the nation's homeland security policies into the digital age through the implementation of detailed screening of foreign visitors, including immigrants and refugees, by utilizing the latest technologies and intelligence. Malkin is the daughter of real estate mogul Peter Malkin. Linda is on the Board of Visitors at M.D. Michael McCauls income source is mostly from being a successful Politician. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. Born in San Antonio, Texas, Mark and his wife Patti have six children. He currently serves on the Mays Business School Dean's Advisory Board. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. Scott holds this spot for a few reasons. But these politicians' net worths have little in common with the typical financial situation of American families. The public employee retirement fund amount should have been in the thousands and not millions. Not a single asset is listed as being in McCaul's name, they are all tied . She also worked for the Central Intelligence Agency on biological warfare issues. . Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. 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. 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. With an estimated net worth of $3.6 billion, the former venture capitalist, tech investor and heir to the Hyatt Hotel chain poured $171.5 million into his 2018 gubernatorial campaign, setting a. Access your favorite topics in a personalized feed while you're on the go. So, who's got the highest net worth in the House and Senate? To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. 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. Matsui also might be the most relatable person on this list. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". Linda Kasabian net worth . 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. Issa listed one liability: a margin account holding him liable for over $50 million. Collins was recently stripped of his committee assignments after being indicted for insider trading. The only assets that Pelosi reported owning or joint-owning were her home in Napa, California, and a Wells Fargo bank account containing less than $15,000. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. Here's a look at what it found for the Texans on the richest and poorest lists. The Brutal Layoffs at Twitter Just Keep Coming. Notable stocks held by Hern and his family included more than $250,000 worth of Amazon, at least $100,000 worth of Alphabet, and more than $530,000 worth of Microsoft. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. According to McCaul, the bill "establishes a true partnership between DHS and the private sector to ensure the distribution of real-time cyber threat information in order to secure our nation in cyberspace without burdensome mandates or regulations.". Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Congressman Jon Delaney is a self-made financier who founded HealthCare Financial Partners in 1993 and later CapitalSource of Chevy Chase, Md. Learn How rich is He in this year and how He spends money? The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. McCaul won a seventh term in the House in the general election held on November 8, 2016. 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. By clicking Sign up, you agree to receive marketing emails from Insider The philosophical debate behind the lab-leak question. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. 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. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. Brianna Stone. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. 5. 2023 www.statesman.com. McCaul said that the bill was "an important step toward addressing the cyber threat." . Though he attended law school and passed the Michigan bar exam, Romney chose a career in business. The Senator was also Massachusetts's governor from 2003 to 2007. Net Worth in 2022: $300 Million: Net Worth in 2021: $275 Million: Net Worth in 2020: $250 Million: Net Worth in 2019: $225 Million: Net Worth in 2018: . Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. Before joining the Senate, Mark Warner served as governor of Virginia. 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. 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. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. Running for Congress costs cash money. Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. Rarely does anunknown yokel rise from anonymity to become a member of Congress. Your California Privacy Rights / Privacy Policy. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. Mark Warner (D-Va . On the other side,U.S. Rep. Rubn Hinojosa, D-Edinburg, was named one of Congress' poorest members. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. Before joining Congress, DelBene was an executive at Microsoft. 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. Troy Carter, Melanie Stansbury, and Jake Ellzey have not filed their official financial-disclosure reports. Nope! Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. Norman and his wife also hold more than $100,000 in stock in Exxon Mobil. Were beginning to see a patternhere. Linda was born January 1st . Its part of campaign to smoke out and then attack unpopular Republican cuts. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. The company, now called iHeartMedia, is a $6.3 . Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. 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. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . The 15 wealthiest members of Congress are worth a combined $1.3 billion. All rights reserved. Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. 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. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. GOP members of Congress own as much as $60.4 million in fossil fuel stocks, while Democrats and an independent who caucuses with the Democrats own up to $32.3 million. Jay is an heir to oil tycoon John D. Rockefeller. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. He largely invested in deals brought forth by other partners, rather than identifying them himself, but negotiated a nice profit-sharing agreement when he left in 2002the company still pays him millions of dollars every year. He joined Congress in 2021. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. Of the 195 Republicans who voted, all voted against both impeachment articles. She helped the Army obtain environmental permits to destroy the chemical weapons stockpiled in the U.S.Linda is the daughter of Peggy and Lowry Mays. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Members disclose the value of their assets in broad ranges. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. These five members' negative estimated wealth stemmed from high-priced mortgages: Editor's note: Rep. Frank Mrvan, a Democrat from Indiana, originally appeared among the 25 wealthiest members of Congress. 2023 Vox Media, LLC. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. Rep. Michael McCaul, Texas, Republican $125,880,292. by Abby Livingston and Texas A&M University (M.S.). He is a cofounder of Penny's Coffee, a Minnesota-based coffee shop chain, a former chairman for Talenti Gelato, and the former CEO of Phillips Distilling Company. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. The city threw out a Democratic mayor for the first time in decades. 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. Net Worth: $108 million How he got there: All of McCaul's assets are listed in the name of his wife Linda McCaul, the daughter of Clear Channel CEO founder Lowry Mays, or in the names of. RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. Four years later, he was re-elected to a fourth term with 76% of the vote against Democratic candidate Ted Ankrum (22%) and Libertarian candidate Jeremiah "JP" Perkins (1 percent). Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. McCaul, chairman of the House Homeland Security Committee,is the fifth-richest member of Congress with a net worth of $113 million, according to Roll Call. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. They have five children and reside in Austin, Texas. His district stretches from Austin to Houston. By Kira December 27, 2020 April 8, 2021. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. 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 state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. 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). His dad and mom raised him in Palm Springs, CA. , money, salary, income, and assets. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). How The 15 Richest Members Of Congress and Senate Made Their Money. His wife Linda is the daughter of Clear Channel founder Lowry Mays. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. Feinstein herself reported over $1 million in a deposit account, while a considerable portion of her wealth at least $25 million was held in a blind trust. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. 1 consumer of household water in the city for 2017. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. King Charles Evicts Harry and Meghan From House They Dont Live In. Arthur Hayes rubbed success in the Feds face and got busted. 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. 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. Matsui also might be the most relatable person on this list. Now hes returning to a shell-shocked industry. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. Michael McCaul (R-TX) Net Worth: $117.5 million. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. 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. He is a member of famous Politician with the age 60 years old group. Prepare to be gobsmacked. In a December 2, 2016 Fox News op-ed, McCaul declared his intention to support legislation, in line with president-elect Donald Trump's proposals, to build a wall along the MexicoUnited States border, to secure the border, and have Mexico and other Latin American countries pay for these proposals. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. Access your favorite topics in a personalized feed while you're on the go. Vern Buchanan has reported ownership interests in about 50 businesses. Sure, you have political donations, fundraisers to drum up the money, and money from either the Democrats or Republicans, but it still is an expensive endeavor. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star State selling Dodge, Chrysler, and Jeep cars and trucks. Armie Hammer Biography- Wife, Batman & Net Worth. City to Pay Millions to Protesters Kettled by NYPD in 2020. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. Buchanan listed several liabilities in his financial filings worth at least $14 million, including loans for a plane and a yacht connected with the LLC. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. He rejoined Congress in 2021. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. She attended the University of Miami (B.S.) Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. In a statement, Mrvan said: "I am responsible for the actions of my office, and I take sole responsibility for the honest data entry error on my financial disclosure form. Michael McCaul (R-Texas), Net worth: $143 million . His father is the chairman of Malkin Holdings and the chairman emeritus of Empire State Realty Trust, which leases office and retail space across Manhattan. Kate Bedingfield, Bidens Translator, Leaves the White House. She is the only woman in US history, as of this writing, to serve as Speaker of the House. Members of Congress earn a salary of $174,000. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. His biggest investments are in Vanguard funds. The McCauls have made the top 10 list for water usage several times, the Statesman reported. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. In Palm Springs, ca was thought to be so heavily Republican that no candidate... White House in Congress and the only current member who has been a CEO of mortgage., Batman & amp ; net worths have little in common with the typical financial situation American... Account, while another blind trust holds at least $ 4.5 million in one account, while another blind holds... Mccaul & # x27 ; s name, they are all tied acquired a big in! The Bank means having a lush green lawn, too made the top 10 for... Rick Scott ( Anna Moneymaker/Getty Images ), rep. 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