Michael McCaul Net Worth. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. Issa listed one liability: a margin account holding him liable for over $50 million. Darrell Issa founded Directed Electronics, based in Vista, California. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. 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. 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. Senator John Kerry (D-MA). His dad and mom raised him in Palm Springs, CA. After graduating from Georgetown Law School, Delaney founded two companies later listed on the New York Stock Exchange (Health Care Financial Partners and CapitalSource). Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. Terms of Service apply. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. 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. Linda Kasabian was a famous member of the Manson Family. DeSantis Promises Florida Will Control Disney Content. 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. People are willing to pay the price, he said. The 15 wealthiest members of Congress are worth a combined $1.3 billion. We have estimated Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. His trial is set for early 2020. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. Nancy Pelosi and her husband Paul Pelosi own a number of extremely valuable assets including an impressive real estate portfolio. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. Hollingsworth Capital Partners, which renovates factories. 6.Sen. Before joining Congress, DelBene was an executive at Microsoft. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. Before venturing into politics, the 3-term senator and former Virginia governor ran a venture-capital firm, Columbia Capital, and a telecom company, Capital Cellular Corporation. Roughly one in ten of the 535 members of the House and Senate rank among the nation's top one percent in terms of personalnet worth. Scott holds this spot for a few reasons. McCaul worked as an attorney and a federal prosecutor before entering politics. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. Linda and her 4 daughters are active members of the National Charity League. 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. Obernolte did not report any liabilities or debts. But before many of them arrive in government, they've made millions in the private sector. Matsui also might be the most relatable person on this list. In a statement, Mrvan said: "I am responsible for the actions of my office, and I take sole responsibility for the honest data entry error on my financial disclosure form. 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. They have five children and reside in Austin, Texas. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. Congress membersthey're just like us! He also started Directed Electronics, a company that creates theft deterrents, and is CEO of Greene Properties, a real estate investment company with holdings throughout San Diego North County. Privacy Policy and The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. 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. In addition, lawmakers do not have to include their principal residences. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. Insider used these members' "candidate reports," some of which include financial data from 2021. That trust generated more than $1 million in income last year. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. Since then, the state has allowed some residential water users to opt for confidentiality. The former environmental attorney from San Diego made millions as an environmental attorney in the 1990s, representing government agencies and businesses in regulatory disputes, as well as from shrewd investments. She attended the University of Miami (B.S.) These men and women have been active in their respective careers and communities. 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. He also has real estate holdings. 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. According to his report, that trust is invested in several other familypartnerships. And much of Romney's fortune is in Goldman Sachs mutual funds. Submit a correction suggestion and help us fix it! Rep. Darrell Issa, California, Republican $115,850,012. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. They then sold it off for at least $2.5 million. 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 . 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. The Senator was also Massachusetts's governor from 2003 to 2007. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. 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. 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. Top editors give you the stories you want delivered right to your inbox each weekday. Most of his fortune comes from his. Warner has also been a venture capitalist. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. Her net worth is not presently known. Yet it may not be a loss for the left. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. 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. His mom, Laura, is an American professional golfer who . All rights reserved. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." 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: . 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. Does this have something to do with that Texas miracle we keep hearing about? This site is protected by reCAPTCHA and the Google Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. 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. Those bonds could be worth hundreds of millions of dollars EACH for all we know. 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. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. NEGAUNEE TOWNSHIP, MI - Linda L. Lahti, 69, of Negaunee Township, passed away peacefully early Sunday morning, February 26th, 2023, at UP Health System - Marquette. Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. 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. Scott holds this spot for a few reasons. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. Malkin is the daughter of real estate mogul Peter Malkin. 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. Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. Members disclose the value of their assets in broad ranges. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. 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. Linda Kasabian Bio, Cause of Death, Net Worth, Age, Husband, Children, Parents, Siblings. 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. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. 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