Wyden's wife, Nancy Wyden, owns the famous Strand Bookstore in New York City. D.C.-based nonprofit OpenSecrets.org estimated Pelosi's net worth at $115. He has been a senator since 1994. 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. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. Donald Trump is a lot less rich today than when he was elected - CNN Chao also collected a salary during her tenure on the boards of Wells Fargo and News Corp. Rep. Mike Kelly was first elected to the U.S. House of Representatives in 2010. 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. First elected to the U.S. Senate in 1984, Mitch McConnell is one of the longest serving members of Congress. This included members of Congress. Research: Josh Altic Vojsava Ramaj Rep. Susan W. Brooks is serving her fourth term in Congress. As stated above, this is the total change in the amount of assets the. The Republican, now in his fifth term, is a certified professional engineer who worked in the construction industry before he entered Congress. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." Source: Alex Wong / Getty Images News via Getty Images Alabama: Sen. Richard C Shelby (R) > Est. Filers are required to report detailed listings and values of holdings that underlie an account. Paul Pelosi's company, Financial Leasing Services, has been highly successful in its investments in recent years and those investments have included shares in major firms such as Disney, Amazon and Google. Viral posts make false claims about Friday the 13th, the next full moon. The data goes from 2004 through 2012. OpenSecrets.org (The Center for Responsive Politics), a self-proclaimed "nonpartisan guide to money's influence on U.S. elections and public policy," tracks the financial information, and posts it publicly under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. Before the success he found in Florida, Buchanan founded American Speedy Printing in Michigan in the mid-1970s, growing the business to 730 locations across 44 states before declaring bankruptcy. If a member gains, expect the gain to be large. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. Majority of lawmakers in 116th Congress are millionaires She is a newcomer to Congress, joining the ranks in 2021. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. [9] Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". Hartzler and her family live on a working farm in Cass County. Percentage increase is not meaningful for this candidate as the initial average net worth is less than or equal to zero. Ocasio-Cortezsstory of bartender-turned-congresswoman after upending an incumbent Democrat in a safely blue New York district is well documented. Beyer made his fortune running several car dealerships around Washington D.C. Between 2004-2012, the median American household[41] saw an inflation-adjusted decrease of assets from $18,990 in 2004[42] to $17,557 in 2012. Rob Portman's family founded and expanded a material-handling distributor. Entrepreneurship. Mortgages reported on properties that were not listed as assets were excluded from the wealth calculations, but are displayed on our profiles of the corresponding officials. The Personal Gain Index is a two-part study that examines the extent to which members of the U.S. Congress have individually prospered during their tenure as public servants. The . For the purpose of our comparison to the median American citizen data below, the median congressional increase was 1.55 percent per year. After receiving his medical degree and following his residency, Marshall returned to Kansas and established his medical practice in the town of Great Bend. Changes in Net Worth of U.S. Filers must disclose the purchase, sale or exchange of any assets that amount to more than $1,000 in the calendar year in question. Paul also has invested in Apple, Disney, Comcast, and Facebook. The Courage to Change political action committee the congresswoman launched last year to back progressive candidates challenging incumbent Democratsspent about $335,000 out of the $842,000 it raised, according to the FEC. He was the first former president to monetize his time in the office, according to The Washington Post. Outside, earned income that exceeds $200 must be reported. This allows us to: For more detailed information on the actual net worth of members of Congress, rather than the growth of their net worth, please see: Net worth of United States Senators and Representatives. Scott Peters, who has represented California's 52nd District located just north of San Diego since 2013, is worth an estimated $32 million. The 2012 figure will be updated when available. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. In the 116th Congress, public disclosures had Florida's Rick Scott in first place with a net worth of around $300 million. Trone's wealth is divvied up among mutual funds, exchange-traded funds, and ownership of several shops across the country specializing in wine, beer, and spirits: Total Wine & More. Dodgett has a stake of at least half a million on the Whole Foods grocery store chain, which is headquartered in Austin, a city that falls partially with the district he represents. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. Congressional millionaires had an average yearly percentage increase of 23.9 percent. Roger Marshall is in his second term as the congressman representing the 1st District of Kansas, which encompasses mostly the western part of the state. He built much of his wealth from Pacur, a specialty plastics company he co-founded with his brother-in-law in 1979. Ocasio-Cortez said she made a payment that had reduced her student loan debt to $19,000. The data starts in 2004 for any member who started either in 2004 or prior, or at a later year for anyone who was elected after 2004. Both the average and median for congressional and American citizen net worth growth are provided below. Lowey is married to a prominent Wall Street attorney, who co-founded his own firm that specializes in securities and merger litigation. When possible OpenSecrets tried to determine a more accurate figure. OpenSecrets gathers this information to build a range of potential values. Or her she could be worth up to $12,000. Now married to another Microsoft executive, she is worth an estimated $28.4 million. He is currently serving his second term as senator from Colorado. While financial disclosures show that Ocasio-Cortezs personal wealth has not skyrocketed during her time in Congress, her political fundraising has taken off alongside her national profile, according to Federal Elections Commission filings. Rosen worked for companies such as Citibank and Southwest Gas Company before she was elected to Congress. Prior to his election as representative for the 11th District outside of Chicago, Rep. Bill Foster was a physicist who made his wealth by starting, with his brother Fred, Electronic Theatre Controls, which provides lighting for entertainment locations. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. This includes her salary as an elected official and income from her business ventures. Disclaimer: All data relating to the average net worth of individual members of congress from OpenSecrets.org/ How does that happen?? Manhattan Construction Group's lucrative contracts have included both Bush presidential libraries as well as the new Dallas Cowboys stadium. Now, in recent social media posts, Facebook users are raising questions about the New. Almost a quarter of voting members have a negative net worth. However, all mortgages are required to be disclosed. 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. (January 2021) This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. Inhofe also worked as an independent businessman for three decades and was the president of Quaker Life Insurance Company. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. Speaker of the House Nancy Pelosi will leave her role in the Democratic leadership when the new Congress meets on January 3and she will depart considerably wealthier than when she began. U.S. House of Representatives, accessed March 9. Please email us if you would like to suggest a revision. 51. Fact check: How many millionaires are in Congress, compared to - WRAL The first-term senator from South Dakota Mike Rounds made his wealth by running insurance and real estate businesses with locations all over the state. This was an inflation-adjusted annual percentage change of 3.7 percent from 2004 to 2012. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. Senators and Representatives, Ken Carbullido, Vice President of Election Product and Technology Strategy, https://ballotpedia.org/wiki/index.php?title=Net_worth_of_United_States_Senators_and_Representatives&oldid=8826276, Conflicts in school board elections, 2021-2022, Special Congressional elections (2023-2024), 2022 Congressional Competitiveness Report, State Executive Competitiveness Report, 2022, State Legislative Competitiveness Report, 2022, Partisanship in 2022 United States local elections, The ten wealthiest (and poorest) members of both the, How members' net worth has changed from previous years, How much the congressional delegations of each state are worth, Breakdown of net worth between House and Senate, A complete list of the net worth averages for congressional members since 2004. 76. OpenSecrets combines all assets and liability to form a total potential range of values, and then provides an average value as the best guess of each individual's net worth.[5]. 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. Before being elected to Congress, Dodgett was as a state senator after taking office at just 26 years old. ", The citizen net worth data was calculated from figures from the United States Census Bureau. . Blum is an investor and the president and chairman of Blum Capital, a private equity company. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. Jim Risch has served Idaho on Capitol Hill as Senator since 2009. The STOCK Act requires that the terms of all mortgages, including those on non-income producing personal residences, be disclosed. Though he is a Tennessee native, Trey Hollingsworth has served in Indiana's 9th District since taking office in 2017. Trone is a relatively new member of Congress he assumed office in 2019. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. And much of Romney's fortune is in Goldman Sachs mutual funds. Changes in Net Worth of U.S. Senators and Representatives (Personal In the private sector, she practiced law at the Indianapolis firm of Ice Miller. However, our bipartisan reform coalition was then subjected to repeated delay tactics, hand-waving gestures, and blatant instances of Lucy pulling the football," Spanberger said in a statement. Filers must disclose positions they hold with non-governmental organizations, except for their membership in religious, social, fraternal or political organizations. In 1982, after serving for five years as a U.S. Attorney for Connecticut, Blumenthal married Cynthia Malkin, daughter of Manhattan real estate mogul Peter Malkin. We rate the claim that Rep. Alexandria Ocasio-Cortez has racked up more than $1 million in net worth as a member of Congress FALSE, based on our research. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Sixteen . if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; Communications: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Erica Shumaker Caitlin Vanden Boom Maloney is the widow of Clifton Maloney, who founded and ran the successful investment firm C.H.W. This data affords constituents the ability to see the real increase (or decrease) of each member's net worth. Other major assets include several Vanguard index funds he holds jointly with his wife, Transportation Secretary Elaine Chao. He also had businesses in energy and real estate and had an early stake in the wireless service company Nextel, which was eventually bought by Sprint.

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