Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. That trust generated more than $1 million in income last year. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. Does this have something to do with that Texas miracle we keep hearing about? How The 15 Richest Members Of Congress and Senate Made Their Money. 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. Sen. Mitt Romney, Utah, Republican $85,269,083. Arthur Hayes rubbed success in the Feds face and got busted. 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. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. At one point Clear Channel owned over 1,200 Radio Stations, over 600,000 outdoor advertising displays, and various Television Stations and Live Event venues which operated in 65 countries and generated over $8 Billion in Revenue. 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. DeSantis Promises Florida Will Control Disney Content. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. With a net worth of $19.5 billion, as well as being the richest politician in America he . Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. Why young migrant workers are illegally filling a void in the job market. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. 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. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. Michael McCauls income source is mostly from being a successful Politician. The lion's share of McCaul's 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. 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. Recognizing the humanitarian crisis in Yemen, McCaul explained his belief that approving the resolution would "disrupt US security cooperation agreements with more than 100 countries.". Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. Jay is an heir to oil tycoon John D. Rockefeller. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. 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.". Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. Brianna Stone. 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 Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. Senator Blumenthal's net worth dropped by more than $20 million over the past year. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. Richard Blumenthal owes much of his wealth to his family. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. 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. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. 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. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. 2023 BDG Media, Inc. All rights reserved. Linda Kasabian Bio, Cause of Death, Net Worth, Age, Husband, Children, Parents, Siblings. 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. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. 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. 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. A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. The Virginia Democrat made his millions as the co-founder of Nextel. and Texas A&M University (M.S.). You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. Both of those businesses played a major part in his massive wealth. 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. Some of them made crazy money. You must have JavaScript enabled to use this form. The philosophical debate behind the lab-leak question. Do we need to say more? McCaul won a seventh term in the House in the general election held on November 8, 2016. 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. She attended the University of Miami (B.S.) Here are the richest members currently serving in the House and Senate, based on their reported net worth. Mura Holdings. It's common for wealthy areas in Texas to use the most water. . Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. 2023 Vox Media, LLC. But before many of them arrive in government, they've made millions in the private sector. The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. 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. Linda Kasabian cause of death. 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. 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. His dad and mom raised him in Palm Springs, CA. Actor. Could Alec Baldwin Really Go to Prison for the. Also learn how He earned most of networth at the age of 58 years old? Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. People are willing to pay the price, he said. Read more about Insider's methodology. Scott holds relatively few individual stocks. Born in San Antonio, Texas, Mark and his wife Patti have six children. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. Scott did not list any liabilities or debts in his filings. The city threw out a Democratic mayor for the first time in decades. 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. 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. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Phillips held more than $250,000 worth of Apple stock, at least $50,000 worth of Facebook stock, and over $1 million in the SPDR S&P 500 Trust ETF. Most of Buchanan's wealth comes from his Florida automotive empire. Linda and her 4 daughters are active members of the National Charity League. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. 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 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. Get the latest politics news from North Texas and beyond. Her body was cremated and her cause of death was not revealed. He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. 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. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. 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. 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. Its part of campaign to smoke out and then attack unpopular Republican cuts. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. Insider's calculations are conservative estimates based on the minimum values disclosed by members. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. Senate and House of Representatives earn $174,000 per year in salary, and many have lucrative investments in businesses, whether their own or through stocks or index funds. 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. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. His wife Linda is the daughter of Clear Channel founder Lowry Mays. He is a member of famous Politician with the age 60 years old group. By clicking Sign up, you agree to receive marketing emails from Insider They then sold it off for at least $2.5 million. 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. He is a Rockefeller. 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. Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. 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. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. 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. Running for Congress costs cash money. Issa listed one liability: a margin account holding him liable for over $50 million. Of the 195 Republicans who voted, all voted against both impeachment articles. Kate Bedingfield, Bidens Translator, Leaves the White House. 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. Most of his fortune comes from his. Top editors give you the stories you want delivered right to your inbox each weekday. member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. 250 W. Nottingham Dr. Ste #400 | San Antonio, TX 78209 | (210) 832-3305, David E. Green | Managing Director | Email, Website by Texas Creative | Admin Login | Terms & Conditions | Contact Us. Oct. 29, 20153 PM Central. 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. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. 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. Michael McCaul (R-TX) Net Worth: $117.5 million. Rarely does anunknown yokel rise from anonymity to become a member of Congress. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. 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. The cause of her death has not been immediately . 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. 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. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Cynthia Malkin. The West Virginia Senator is the great-grandson of theoil tycoon John D. Rockefeller. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. The recently released wealth list fromRoll Call, a news outlet that covers Capitol Hill, annually compiles and ranks the financial reports of the members, which only require lawmakers to give broad ranges of value. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. 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 . as well as other partner offers and accept our, Alex Wong/Getty Images; Kevin Dietsch/Getty Images; Bill Clark/CQ Roll Call; Hannah McKay-Pool/Getty Images; Rebecca Zisser/Insider, Chance Yeh/Getty Images for Power 100 Lunch, Bill Clark/CQ-Roll Call, Inc via Getty Images), Bill Clark/CQ-Roll Call, Inc via Getty Images, Tom Williams/CQ-Roll Call, Inc via Getty Images, Michael Brochstein/SOPA Images/LightRocket via Getty Images, Kent Nishimura / Los Angeles Times via Getty Images, Anna Moneymaker/The New York Times via AP, Pool, placed his assets in a qualified blind trust, acknowledged filing an incorrect personal financial disclosure. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. Republican Rep. Paul Mitchell of Michigan is not the hair products icon of the same name, but has been a corporate executive with a sizable portfolio. 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. But before many of them arrive in government, they've made millions in the private sector. Insider removed him from the list when Mrvan acknowledged filing an incorrect personal financial disclosure that erroneously inflated the value of a retirement account by tens of millions of dollars. He married into it. 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