Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. 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. He also worked as a venture capitalist, investing in several technology and healthcare companies. 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 . 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. He left for a short period of time when Donald Trump nominated him to head the U.S. Trade and Development Agency before returning to Congress last year. Michael McCaul also doesn't have any liabilities or debts in his financial disclosure, but a large portion of his wealth comes from his wife. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. McCaul's net worth increased from $20.9 million to $26.7 million in two years. Linda Kasabian was a famous member of the Manson Family. Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. Manning also reported an ownership interest in Stonefield Cellars Winery in North Carolina. Of the 195 Republicans who voted, all voted against both impeachment articles. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . All Rights Reserved. People are willing to pay the price, he said. Cynthia Malkin. You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. Yet it may not be a loss for the left. Currently serving as representative for the 10th congressional district of Texas, Michael McCaul is an American politician with an estimated net worth of $305.46 million in 2012. You\'ll receive the next newsletter in your inbox. By Paul V. Fontelo and David Hawkings. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. 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. Collins was recently stripped of his committee assignments after being indicted for insider trading. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. 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. 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. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. NEGAUNEE TOWNSHIP, MI - Linda L. Lahti, 69, of Negaunee Township, passed away peacefully early Sunday morning, February 26th, 2023, at UP Health System - Marquette. 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. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. 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. One of Norman's IRA's is worth at least $5 million. The Colorodo lawmaker (and his parents) foundedan online greeting card company which he later sold for $780 million, as well as the webiste ProFlowers.com. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments. Now the . 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. The Brutal Layoffs at Twitter Just Keep Coming. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. 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. His wealth comes from a diverse portfolio full of emerging growth and startup investments in Colorado and Japan, including a more than $1 million stake in Aquacopia, the world's only aquaculture venture capital firm. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. Alamu Tosin February 28, 2023. 2023 www.statesman.com. 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. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. Were beginning to see a patternhere. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. In short, they had lives before they joined the United States government in an official capacity. And a chatbot is not a human. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. 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. So, how much is Michael McCaul worth at the age of 60 years old? But these politicians' net worths have little in common with the typical financial situation of American families. Rep. Darrell Issa, California, Republican $115,850,012. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. 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. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. The lawyer and former federal. 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. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. The U.S. Is Choosing Child Labor Over More Immigration. In 2005, he received Radio Ink's Lifetime Leadership Award. Hollingsworth Capital Partners, which renovates factories. Members of Congress earn a salary of $174,000. By clicking Sign up, you agree to receive marketing emails from Insider Roger Williams $27.7 million. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. In his spare time, Randall is a devoted father to his four children who are most often by his side as he explores his passion for travel, mentoring, fly fishing, pickleball, cooking and hiking. McCaul did not list any liabilities or debts in his financial disclosure. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. His mom, Laura, is an American professional golfer who . He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. About Michael Thomas McCaul, Sr. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. 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. The trusts contain a combination of mutual funds, stocks, and electronic funds. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. All rights reserved. U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). 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. She is a newcomer to Congress, joining the ranks in 2021. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). Williams, also a Republican, ranks 22nd overall and second among the Texas lawmakers with a net worth of $27.7 million and Doggett, a Democrat, is 36th overall and the third-wealthiest Texas member of Congress with an estimated net worth of $13.1 million. 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. 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. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. Michael McCaul Net worth Growth. His dad and mom raised him in Palm Springs, CA. 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. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. 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 . DeSantis Promises Florida Will Control Disney Content. This site is protected by reCAPTCHA and the Google 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. According to authoritative sources, it has been estimated that McCaul's net worth is as high as $305.46 million, an amount earned through his successful career as a politician, and as an attorney, and federal prosecutor, which also improved his wealth. 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 City to Pay Millions to Protesters Kettled by NYPD in 2020. and Texas A&M University (M.S.). 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. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. McCaul won a seventh term in the House in the general election held on November 8, 2016. The Key Moments From Alex Murdaughs Testimony and Murder Trial. Rep. Roger Williams (R-Texas). The company, now called iHeartMedia, is a $6.3 . 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. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. All rights reserved. Sen. Mitt Romney, Utah, Republican $85,269,083. Richard Blumenthal owes much of his wealth to his family. 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. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. print date('Y'); ?> Mays Family Foundation. The McCaul family chose to have some data about their usage redacted, the newspaper reported, but the house behind him on the list used 1,400,900 gallons. 2023 Celebrity Net Worth / All Rights Reserved. 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. Williams also reported a stake in two aircraft-leasing companies. Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. The public employee retirement fund amount should have been in the thousands and not millions. She attended the University of Miami (B.S.) Most of Buchanan's wealth comes from his Florida automotive empire. Vern Buchanan has reported ownership interests in about 50 businesses. Randall led the creation of Clear Channel Entertainment and oversaw its spinout into the publicly traded company now known as Live Nation Entertainment (NYSE:LVY). Darrell Issa only started serving in his current district (California's 50th congressional district) in 2021, but he first became a member of the House of Representatives in 2001. 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. It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. Michael Thomas McCaul Sr. (born January 14, 1962 in Dallas, Texas) is an American attorney and politician serving as the U.S. Representative for Texas's 10th congressional district , since 2005. 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. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. By clicking Sign up, you agree to receive marketing emails from Insider Linda Kasabian cause of death. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. 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 . The McCauls have made the top 10 list for water usage several times, the Statesman reported. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. 6.Sen. Its part of campaign to smoke out and then attack unpopular Republican cuts. His trial is set for early 2020. 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. 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. 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. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. Malkin is the daughter of real estate mogul Peter Malkin. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. She is the only woman in US history, as of this writing, to serve as Speaker of the House. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Senator John Kerry (D-MA). The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. 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. 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. Jay is an heir to oil tycoon John D. Rockefeller. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. Get the latest politics news from North Texas and beyond. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. Norman was elected to Congress in a special election in 2017 after President Donald Trump appointed his predecessor, Mick Mulvaney, to be the director of the Office of Management and Budget. Michael McCaul's net worth 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 his children. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . 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. Top editors give you the stories you want delivered right to your inbox each weekday. Senator John Kerry. Republican Rep. Michael McCaul of Texas made his way to being the number two wealthiest member of Congress through his wife, Linda McCaul, who is the daughter of radio and communications giant Lowry Mays. 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. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. Net worth: $200 million. 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. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. Most of his fortune comes from his. 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. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. Each year, Roll Call's reporters scour each member's financial disclosure forms to determine the "Wealth of Congress.". Some who have paid the price in Dallas include former Texas Rangers and Dallas Stars owner Tom Hicks, who led the citys list in 2011. 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. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. Senator John Kerry (D-MA). You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. These men and women have been active in their respective careers and communities. King Charles Evicts Harry and Meghan From House They Dont Live In. 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. At 60 years old, Michael McCaul height not available right now. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. His wife Linda is the daughter of Clear Channel founder Lowry Mays. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. 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. Ranking the Net Worth of the 115th. Scott, who assumed office in 2019, cemented his No. Your donation keeps our trusted reporting free and accessible for all Texans and during a legislative session when lawmakers are set to tackle issues from school choice for K-12 students to school safety improvements to changes in property taxes, its critical that Texans know what lawmakers decisions mean for their futures. and Texas A&M University (M.S.). He married into it. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. As a result, the figures are rough estimates of a members net worth. Malkin is the daughter of real estate mogul Peter Malkin. 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. Rep. Doris Matsui, California, Democrat $73,872,062. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. Additionally, the median net worth of politicians in Congress also exceeded $1 million, with 238 of the 534 members living above the $1 million mark. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. Top editors give you the stories you want delivered right to your inbox each weekday. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . McCaul likewise added two trusts under the ownership of his dependent children, including one trust valued at $25 million to $50 million and another at $1 million to $5million. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. Read more about Insider's methodology. Upton's fortune mainly derives from an appliance company that his grandfather founded, Whirlpool, which the congressman reported holding at least $1 million of stock in. He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court.