The McCauls have made the top 10 list for water usage several times, the Statesman reported. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. The trusts contain a combination of mutual funds, stocks, and electronic funds. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. Other Central Texas lawmakers were ranked well below McCaul, Williams and Doggett: U.S. Rep. Lamar Smith, R-San Antonio, ranked 96th with $3 million net worth. A large portion of Dianne Feinstein's wealth comes from her husband. Linda Mays McCaul is the daughter of Lowry Mays, one of the . She is the only woman in US history, as of this writing, to serve as Speaker of the House. 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. 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. print date('Y'); ?> Mays Family Foundation. . The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Rep. Nancy Pelosi, California, Democrat $120,000,000. Biden Dares Republicans to Go After Obamacare and Medicaid. Though he attended law school and passed the Michigan bar exam, Romney chose a career in business. 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. These men and women have been active in their respective careers and communities. But before many of them arrive in government, they've made millions in the private sector. 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. Rep. Michael McCaul, R-Texas. 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. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. *Sorry, there was a problem signing you up. Rose also owned at least $500,000 worth of stock in Citizens Bank and more than $100,000 worth of Alphabet stock, and he reported 100% ownership of Rose Farm, worth between $5 million and $25 million. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. It's possible he does have. 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. NEGAUNEE TOWNSHIP, MI - Linda L. Lahti, 69, of Negaunee Township, passed away peacefully early Sunday morning, February 26th, 2023, at UP Health System - Marquette. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. 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. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. Linda was born January 1st . 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. 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. The lawyer and former federal. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. Linda Kasabian net worth . He did this before he turned 40, which is when he turned his ambitions towards politics. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. 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. 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. Collins was recently stripped of his committee assignments after being indicted for insider trading. 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. In short, they had lives before they joined the United States government in an official capacity. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. Michael McCaul Net Worth. Michael McCaul's net worth Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. She also worked for the Central Intelligence Agency on biological warfare issues. Minimum net worth: $294.21 million Change from last year: +298.9% When McCaul first appeared on Roll Call's annual survey of the 50 Richest Members of Congress in 2005, he was a wealthy guy . Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. This email will be used to sign into all New York sites. 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. . It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. 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. Net worth: $200 million. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. 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. [22] In 2004, the same publication estimated his net worth at $12 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. 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. Vern Buchanan has reported ownership interests in about 50 businesses. Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. Now the . How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. 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. Submit a correction suggestion and help us fix it! He attended Trinity University and earned his. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. 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. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. Actor. For starters, he doesn't have any liabilities to report. Read more about Insider's methodology. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. He is from American. 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 . Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. Both of those businesses played a major part in his massive wealth. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. Linda is on the Board of Visitors at M.D. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. 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. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. To rank members of Congress we looked mostly at reporting from Roll Call, which has been ranking politicians' wealth since 1990. How he got there: Doggett's wealth is tied up in Travis County rental properties, retirement income from his Texas Legislature tenure and assets wrapped up in stocks and mutual funds. Each year, Roll Call's reporters scour each member's financial disclosure forms to determine the "Wealth of Congress.". Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. 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. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. McCaul's net worth increased from $20.9 million to $26.7 million in two years. 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. 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. All rights reserved. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. in the general election held on November 6, 2018, McCaul won an eighth term in the House. 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