In Highland Park in 2006, Harlan Crow poured more than 1.8 million gallons of water on his 7.7-acre property in one month. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. In 1994, Kathryn was named Volunteer of the Year by the Cystic Fibrosis Foundation, in 2013 was the "Mother of the Year" honoree of Avance, and in 2014 was given the Lifetime Achievement Award from San Antonio Can. Each member of Congress' wealth was calculated by subtracting the sum of their minimum reported liabilities from the sum of their minimum asset values. 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. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. Issa listed one liability: a margin account holding him liable for over $50 million. Members disclose the value of their assets in broad ranges. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. 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. 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. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. Due to this influx of spousal wealth, McCaul unseated last years richest member of Congress, John Kerry the John Kerry married to Teresa Heinz Kerry of the ketchup fortune. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. In addition to participating in various volunteer activities, Mark also serves on the Vanderbilt University Board of Trust, the Board of the Alamo Area Council of Boy Scouts of America,the Texas Biomedical Research Foundation and the Southwest Research Institute Board. Your California Privacy Rights / Privacy Policy. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. 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. The sport desperately needs to change, no matter how loudly purists complain. 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. Does this have something to do with that Texas miracle we keep hearing about? McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. His biggest investments are in Vanguard funds. 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. 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. A large portion of Dianne Feinstein's wealth comes from her husband. He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. 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 . Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. He married into it. 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. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. That trust generated more than $1 million in income last year. All rights reserved. The management consulting firm made him vice president the year after he joined, and a few years later, Romney started private equity firm Bain Capital. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . (Courtesy McCaul's office) McCaul's triplets. Hollingsworth's wealth primarily comes from his involvement with Hollingsworth Capital Partners, a Tennessee group that builds and markets industrial facilities in 17 states, according to his financial disclosure. And much of Romney's fortune is in Goldman Sachs mutual funds. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. print date('Y'); ?> Mays Family Foundation. 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. . Obernolte did not report any liabilities or debts. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: Buchanan may have the authority to write American tax policy in coming years, as the congressman is likely to become the leading GOP member of the Ways and Means Committee after Rep. Devin Nunes announced his resignation to become the CEO of a new social media company founded by former President Donald Trump. All Rights Reserved. City to Pay Millions to Protesters Kettled by NYPD in 2020. 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. 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. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. That is the highest disclosure category. 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. 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. The Senator was also Massachusetts's governor from 2003 to 2007. The bulk of Obernolte's fortune stems from his ownership of FarSight Studios, a video-game company in Big Bear Lake, California, that he launched in 1988. The majority of Feinstein's wealth is from her husband, Richard Blum, according to her financial filings. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. Michael McCaul Net worth Growth. Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. Members of Congress earn a salary of $174,000. Rep. Roger Williams (R-Texas). The 2020 financial disclosures are the most up-to-date financial documentation from Congress disclosures from 2021 are not required to be filed until mid-May. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. How The 15 Richest Members Of Congress and Senate Made Their Money. The Californians have been booted from Frogmore Cottage because the king (or the character invented by the U.K. press) has had enough of their abuse. Prince Harry is doing a livestream Q&A for anyone who missed his two Oprah interviews, his six-hour Netflix documentary, and his book, The Surprisingly Contrarian Case Against Lying About Science. It has something to do with the miracle of having a very rich wife: The lions share of McCauls wealth is held by his wife, Linda McCaul, the daughter of Clear Channel Communications CEO and founder Lowry Mays, and his dramatic rise in net worth appears to be the product of generational wealthtransfer. He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. She is a journalism graduate of The University of Texas at Austin and has previously interned for USA TODAY College, The Austin American-Statesman and The Daily Dot. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. The Virginia Democrat made his millions as the co-founder of Nextel. Its part of campaign to smoke out and then attack unpopular Republican cuts. 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. 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. Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. Sen. Mitt Romney, Utah, Republican $85,269,083. 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. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. He did this before he turned 40, which is when he turned his ambitions towards politics. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. Armie Hammer Biography- Wife, Batman & Net Worth. McCaul did not list any liabilities or debts in his financial disclosure. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Eric Cole comes from an athletic family background as he was born to his parents, Laura Baugh (Mother) and Bobby Cole (Father), on June 12, 1988. . Ranking the Net Worth of the 115th. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. He is a Rockefeller. Malkin is the daughter of real estate mogul Peter Malkin. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. We recommend you to check the complete list of Famous People born on 14 January. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. His financial filings indicated that each of Issa's assets is jointly owned. His most successful include a series of car dealerships and American Speedy Printing, a printing company that expanded to more than 730 stores across 44 states. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. Collins was recently stripped of his committee assignments after being indicted for insider trading. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? The Brutal Layoffs at Twitter Just Keep Coming. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. Top editors give you the stories you want delivered right to your inbox each weekday. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Here's a look at what it found for the Texans on the richest and poorest lists. Minimum net worth: $305.46 million McCaul tops the list for the second year in a row with a reported minimum net worth that broke the $300 million mark. She is the granddaughter of Irwin M. Jacobs, the co-founder of Qualcomm, a world leader in wireless technology with a stock price of around $156 per share as of March 9th of which she owns $6 million worth. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. It's common for wealthy areas in Texas to use the most water. 2023 Vox Media, LLC. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. In short, they had lives before they joined the United States government in an official capacity. 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. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. 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. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Taking a closer look, the median net worth for the House was $896,000 (Democrats averaged 929,000 and Republicans 884,000), while the average Senator is sitting on roughly $2.5 million (Republicans averaged $2.9 million and Democrats $1.7 million). 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. Michael McCaul (R-TX) Net Worth: $117.5 million. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. The public employee retirement fund amount should have been in the thousands and not millions. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. Now the largest owner of radio stations in the country, it has become iHeartCommunications since the Mays family sold much of its stake in a leveraged buyout a decade ago, said the Roll Call report. Here are the richest members currently serving in the House and Senate, based on their reported net worth. His net worth has been growing significantly in 2021-2022. By clicking Sign up, you agree to receive marketing emails from Insider Williams, a former Texas secretary of state, made his fortune from a Weatherford car dealership inherited from his father. Linda Kasabian was a famous member of the Manson Family. Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. By clicking Sign up, you agree to receive marketing emails from Insider And a linguist named Emily M. Bender is very worried what will happen when we forget this. Several cities try to conserve water by creating mandatory watering schedules for residents. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. Three newer members of Congress Reps. 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. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. Why young migrant workers are illegally filling a void in the job market. Double your gift when you give by 6 p.m. Thursday. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. Scott holds this spot for a few reasons. 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. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. 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. The cause of her death has not been immediately . She attended the University of Miami (B.S.) 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. 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. 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.". 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 . Congress membersthey're just like us! Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. Linda Kasabian Bio, Cause of Death, Net Worth, Age, Husband, Children, Parents, Siblings. 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. He is a member of famous Politician with the age 60 years old group. 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. Matsui also might be the most relatable person on this list. 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. He currently serves on the Mays Business School Dean's Advisory Board. 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). Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. He rejoined Congress in 2021. Senator John Kerry (D-MA). Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Born in San Antonio, Texas, Mark and his wife Patti have six children. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. His trial is set for early 2020. 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. Lawmakers are not required to disclose certain classes of personal assets, such as the value of their personal residence, so these assets are not included in Insider's calculations. Richard Blumenthal owes much of his wealth to his family. His wife Linda is the daughter of Clear Channel founder Lowry Mays. 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. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. 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. After he left, McCaul took a position as a Deputy Attorney General in 1999 with the Texas Attorney General's Office and served in this capacity until 2002. as well as other partner offers and accept our. All rights reserved. This email will be used to sign into all New York sites. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. 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: . Tom Williams/CQ Roll Call. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. Michael McCaul's net worth In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. 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. Matsui also might be the most relatable person on this list. Alamu Tosin February 28, 2023. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. 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. Her body was cremated and her cause of death was not revealed. Rarely does anunknown yokel rise from anonymity to become a member of Congress. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). They've been someone or done something that caught the eye of their party's leaders. 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. Biden Dares Republicans to Go After Obamacare and Medicaid. Not a single asset is listed as being in McCaul's name, they are all tied . Congress membersthey're just like us! Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. 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. Greg Abbott and Lt. Gov. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. In 2021, Hern violated the STOCK Act by failing to properly disclose stock trades worth at least $1.06 million and as much as $2.7 million. 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's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. We have estimated McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. Now, he seems to make his money through the bond market he lists seven high yield bond investments as being worth more than $50 million on his financial statement. Sen. Dianne Feinstein, California, Democrat $96,518,036. Rep. Chris Collins of New York, the first elected Republican to endorse Donald Trump's 2016 presidential bid, owns stake in various companies ranging from manufacturing to biotechnology. How did McCaul make his money? Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. Warner currently holds stock in "Columbia Capital Equity Partners,"a Virginia based investment company. About Michael Thomas McCaul, Sr. Kate Bedingfield, Bidens Translator, Leaves the White House. He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. 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