Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. Rep. Doris Matsui, California, Democrat $73,872,062. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. He and his family live in West Lake Hills, Texas, a wealthy suburb of Austin, Texas. 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. 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. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. He is from American. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. Three newer members of Congress Reps. 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. His mom, Laura, is an American professional golfer who . Linda and her 4 daughters are active members of the National Charity League. Most of Buchanan's wealth comes from his Florida automotive empire. 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. Even as the economy sputtered in 2010, Texas congressman Michael McCaul saw his net worth skyrocket to $292.21 million 300 percent over where it stood in 2009 vaulting him to the top of Roll Calls annual list of the wealthiest members of Congress. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. 2023 Vox Media, LLC. She attended the University of Miami (B.S.) Doggetts wealth struck Roll Call as unusual given that hes been a public servant most of his career, serving in the Legislature and on the Texas Supreme Court before being elected to Congress in 1994. Malkin is the daughter of real estate mogul Peter Malkin. By Paul V. Fontelo and David Hawkings. She is also a member of the U.S. Congressional Club. His biggest investments are in Vanguard funds. 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. Nope! 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. 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. Mura Holdings. Congress membersthey're just like us! 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. The cause of her death has not been immediately . She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. Matsui also might be the most relatable person on this list. The McCauls have made the top 10 list for water usage several times, the Statesman reported. So, who's got the highest net worth in the House and Senate? Both of those businesses played a major part in his massive wealth. 2023 www.statesman.com. View popular celebrities life details, birth signs and real ages. 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. His trial is set for early 2020. 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. 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). The House Minority leader's husband, Paul Pelosi, owns and operatesFinancial Leasing Services Inc., a San Francisco-based real estate and venture capital investment firm. 2023 Celebrity Net Worth / All Rights Reserved. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. Insider used these members' "candidate reports," some of which include financial data from 2021. . The West Virginia Senator is the great-grandson of theoil tycoon John D. Rockefeller. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. His dad and mom raised him in Palm Springs, CA. Michael McCaul (R-Texas), Net worth: $143 million . Most of his fortune comes from his. Roger Williams $27.7 million. Its part of campaign to smoke out and then attack unpopular Republican cuts. Terms of Service apply. 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. Troy Carter, Melanie Stansbury, and Jake Ellzey have not filed their official financial-disclosure reports. Michael McCaul Net Worth. 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. Trump made the same pledge in 2016, then said he wouldnt honor it. In an era of intense political polarization in Washington, it seems that both parties in Congress can finally agree on at least one important thing: they're both richer than ever. Before joining the Senate, Mark Warner served as governor of Virginia. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. DeSantis Promises Florida Will Control Disney Content. 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. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. Shortly after his discharge from the military in 1980, Issa and his second wife Kathy Stanton sold their cars, borrowed $50,000 from friends, and combined their savings to invest in Quantum Enterprises, an electronics manufacturer that developed consumer products for other companies. Were beginning to see a patternhere. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. 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. Also learn how He earned most of networth at the age of 58 years old? For starters, he doesn't have any liabilities to report. Scott holds this spot for a few reasons. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. In 2005, he received Radio Ink's Lifetime Leadership Award. Scott, who assumed office in 2019, cemented his No. And a linguist named Emily M. Bender is very worried what will happen when we forget this. 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 city will see multiple inches of something apparently called snow., Richard Haass on Americas Relationship Problems With China. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. 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. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: All Rights Reserved. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. She is a newcomer to Congress, joining the ranks in 2021. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. In addition, she is married to Blum Capital president and chairman Richard Blum. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. At 60 years old, Michael McCaul height not available right now. The Senator was also Massachusetts's governor from 2003 to 2007. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, Michael McCaul, one of Congress' richest members, used more water in 2017 than any Austin resident, Highland Park residents used about three times as much water, Author of Texas drag bill says video of him wearing dress was a joke back in school, Judge rules in favor of Michael Irvin in request for expedited evidence in $100M lawsuit, Dallas-Fort Worth could see severe thunderstorms, large hail, tornadoes Thursday, Former DPD chief David Brown returning to North Texas after resigning as Chicagos top cop, Corby Davidson, radio co-host of The Tickets Hardline, has rare benign tumor, New apartment project coming for Allens downtown district, Smoke-filled Spirit Airlines flight from DFW Airport diverted after battery fire, Target plans new store in Oak Cliffs Wynnewood Village, Southwest Airlines ups its caffeine game by introducing in-flight bottled iced coffee, Ray Washburne buys downtown Dallas landmark Founders Square building, Oak Cliff apartment project will bring affordable units, skyline view of Dallas, Ray Davis optimistic, anxious about Rangers season amidst tumultuous TV situation, Hot List: 16 great restaurants to visit in Dallas-Fort Worth in March 2023, Ross Perot Jr.s Hillwood buys California NASCAR track for estimated $543.7 million. 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. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. WASHINGTON U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015,according to anew list released by Roll Call. 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. 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. 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. By clicking Sign up, you agree to receive marketing emails from Insider DelBene and her husband reported at least $1.1 million worth of shares in her former company. So, who's got the highest net worth in the House and Senate? Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. 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. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. Texas two U.S. senators are far down the list, with Ted Cruz clocking in at 332nd with a net worth of $200,000 and John Cornyn at 390th with a wealth value estimated at zero, with $500,000 in assets and $500,000 in liabilities. Pelosi's husband had holdings in corporations such as Slack, Tesla, Disney, Visa, Salesforce, PayPal, Alphabet, Facebook, and Netflix companies that together spend tens of millions of dollars each year lobbying the federal government. 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. As of 2018 he was the fifth-wealthiest member of Congress. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. We have estimated 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. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . 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. Here are the richest members currently serving in the House and Senate, based on their reported net worth. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. The public employee retirement fund amount should have been in the thousands and not millions. 6.Sen. He also worked as a venture capitalist, investing in several technology and healthcare companies. (Courtesy McCaul's office) McCaul's triplets. You\'ll receive the next newsletter in your inbox. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. She has served and supported a number of organizations in San Antonio which include Chairman of the Board and President of the Charity Ball Association; Advisory Board of Texans CAN; President of the Cancer Center Council (CTRC); President of the Cystic Fibrosis Foundation; President of Young Art Patrons (SAMA); the Advisory Board of the Animal Defense League; the Blue Ribbon Committee of the Girl Scouts;the Advisory Board of the Cancer Center Council;Family Service Association; Task Force to Strengthen the United Way; Big Brothers Big Sisters and the San Antonio Public Library. McCaul won re-election again in 2008, against Democratic candidate Larry Joe Doherty and Libertarian candidate Matt Finkel by a 54 to 43 percent margin. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. You must have JavaScript enabled to use this form. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. Williams' wealth is primarily split among mutual funds, a few select stocks, real property, and the ownership of several car dealerships in Texas worth more than $5 million. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. Running for Congress costs cash money. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. Michael McCauls income source is mostly from being a successful Politician. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. 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. 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. The Washington Democrat and her husband both worked as executives at Microsoft. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. Members of Congress are required to disclose the value of their assets only in broad ranges, such as $15,000 to $50,000. 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. 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. Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. Scott did not list any liabilities or debts in his filings. Linda is on the Board of Visitors at M.D. Brianna Stone. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. Blum is an investor and the president and chairman of Blum Capital, a private equity company. U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. Senator John Kerry. 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. member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. That is the highest disclosure category. The Key Moments From Alex Murdaughs Testimony and Murder Trial. 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. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. Access your favorite topics in a personalized feed while you're on the go. Michael McCaul's net worth . print date('Y'); ?> Mays Family Foundation. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. List any liabilities or debts in his massive wealth his filings notable holdings of 's... Ralph norman, a private equity firm, Cameron holdings help him buy telephone. 8.6 million in liabilities in the country, iHeartMedia and expanded the Fort Worth-area car dealership business of father! Chair of the House and Senate, Mark Warner, who 's got the net! Liabilities worth a total of at least $ 25 million that he set up after he was the fifth-wealthiest of! His success at Bain Capital, linda mccaul net worth Republican from South Carolina, appears! 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