Republican Greg Gianforte has represented the state of Montana on Capitol Hill since taking office in 2017. DelBene and her husband reported at least $1.1 million worth of shares in her former company. This is the first part of the Personal Gain Index. The average member saw his or her net worth increase by an average of 15.4 percent per year. Today, though all congressional representatives earn salaries, not much else has changed. 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. Insider used these members' "candidate reports," some of which include financial data from 2021. They obtained the data from personal financial disclosure data that each senator and representative is required to provide for public record. Sen. Thom Tillis spent his 22-year private-sector career in technology and management consulting before he entered Congress in 2015. How Obama, Biden and Other Elected Officials Have Made Millions by The bulk of his estimated net worth of $12.3 million, however, comes from Cooper Brothers Land Co., a real estate firm the congressman owns with his two brothers. For instance, if three assets are listed at a value range of $1,001-$15,000, the total range of assets would be listed as a minimum of $3,003 (3 X $1,001) and a maximum value would be $45,000 (3 X $15,000). Before entering politics, two-term Sen. Joe Manchin worked at his family's furniture store, managed a carpet store, and then joined a coal brokerage. Scott did not list any liabilities or debts in his filings. Many of the wealthiest legislators first had successful and lucrative careers in the private sector. Lloyd Doggett has served in Congress since 1995 and currently represents Texas's 35th District. Any such honoraria must be reported on the PFD by source and amount. The top range for item valuation is listed as "Over $50 million" on forms. Senators and Representatives, Ken Carbullido, Vice President of Election Product and Technology Strategy, https://ballotpedia.org/wiki/index.php?title=Changes_in_Net_Worth_of_U.S._Senators_and_Representatives_(Personal_Gain_Index)&oldid=8739186, 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. [7], This requirement also extends to candidates for federal office, senior congressional staff, nominees for executive branch positions, Cabinet members, the president and vice president and Supreme Court justices. Census figures were unavailable for the raw, excluding home equity figure -- this figure is an estimate calculated by applying the 2005 ratio of net worth excluding home equity to the net worth figure available for 2004 (which included home equity). Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. The latest data calculated by OpenSecrets.org reports on disclosed information from 2012. Newsweek has asked Pelosi's office for comment. (January 2021) This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. Lowey is married to a prominent Wall Street attorney, who co-founded his own firm that specializes in securities and merger litigation. Her estimated net worth has increased significantly since 2008 thanks in large part to the success of her husband, Paul Pelosi, who is a venture capitalist and property investor. First-term Sen. David Perdue of Georgia earned his wealth as a financial turnaround specialist for struggling companies. Operations: Meghann Olshefski Mandy Morris Kelly Rindfleisch Additionally, anyone who manages political campaign funds for a U.S. 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. In a post shared more than 14,000 times, a Facebook user claims that Ocasio-Cortez "was broke" when she was first elected to Congress in 2018 but now has a net worth of more than $1 million.. 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. Each member of Congress' wealth was calculated by subtracting the sum of their minimum reported liabilities from the sum of their minimum asset values. Senators and Representatives (Personal Gain Index). Senators and Representatives (Personal Gain Index), All data relating to the average net worth of individual members of congress from. McCaul did not list any liabilities or debts in his financial disclosure. Travel and travel-related reimbursements from a single source, valued at more than $305 in aggregate for the year and connected to official business and the source, dates, and purpose of the travel and itinerary. Currently, used car information website Carfax is Beyer's top campaign contributor. See which incumbents had the largest gains in net worth. Pelosi's net worth in 2021 was estimated to be as much as $171.4 million in an October report by The Washington Free Beacon, a conservative news outlet that arrived at that figure "by taking into account the ranges of all the individual assets and liabilities" in Pelosi's financial disclosure statement. 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 period studied is 2004-2012, or from the year the incumbent took office, if it was after 2004. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. He was the first former president to monetize his time in the office, according to The Washington Post. 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. Repiblican Roger Williams represents the 25th District in Texas a strip of land that extends from Fort Worth down to Austin. Coming from a long line of Tennessee politicians, Jim Cooper served Tennessee's 4th District from 1983 through 1995 and District 5 since 2003. Today, much of Warner's fortune estimated at over $90 million is held in blind trusts. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. How Marjorie Taylor Greene Achieved a Net Worth of $700,000 Feinstein is married to Richard Blum, founder of Blum Capital, an equity investment firm that has stakes in multiple industries, including health care, media, retail, finance, and transportation. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. This list of richest American politicians includes current and former office-holders and political appointees, and is not necessarily adjusted for inflation. Using his fortune from his family business, Manhattan Construction Group, Rooney donated enough to the GOP to earn an ambassadorship during the George W. Bush administration. In keeping with the method of calculating congressional net worth, home equity was withheld from the figure. Worth an estimated $58.5 million, California Sen. Diane Feinstein is by far the wealthiest woman on Capitol Hill. Wyden's wife, Nancy Wyden, owns the famous Strand Bookstore in New York City. Peters' wealth is mostly in government securities, though he and his spouse have also invested in several mutual funds. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. An average value is calculated by adding all the observations and dividing by the number of observations. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. Members disclose the value of their assets in broad ranges. 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. He is currently serving his second term as senator from Colorado. 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. He also sat on the state Supreme Court and maintained a successful corporate law practice. 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. Apply for the Ballotpedia Fellows Program, Net worth of United States Senators and Representatives, Staff salaries of United States Senators and Representatives, Ballotpedia's profiles of the 535 congressional incumbents, Personal Gain Index: Household net worth (American citizen), http://www.census.gov/people/wealth/data/dtables.html, List of current members of the U.S. Congress, Information on financial disclosure forms from the Office of the Clerk of the House of Representatives, Older congressional financial disclosure forms available on, Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License, http://www.opensecrets.org/pfds/methodology.php, Democratic Congressional Campaign Committee, National Republican Congressional Committee, Net Worth of United States Senators and Representatives, Filing requirements for congressional candidates, Homeland Security and Governmental Affairs, United States House of Representatives Committee on Oversight and Government Reform, Cooperative of American Physicians IE Committee, Changes in Net Worth of U.S. AOC's net worth over $1 million? That's Pants on Fire! Williams also reported a stake in two aircraft-leasing companies.
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