Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. That trust generated more than $1 million in income last year. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. Prepare to be gobsmacked. Double your gift when you give by 6 p.m. Thursday. 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. 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. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. In short, they had lives before they joined the United States government in an official capacity. Republicans are making their 2024 candidates promise to support eventual nominee. In addition, lawmakers do not have to include their principal residences. 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. 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. Hern disclosed two liabilities: at least $500,000 used to purchase a McDonald's restaurant, and at least $1 million that his spouse used to buy a separate company. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. Richard Blum serves as president and chairman of private equity company Blum Capital. 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.". In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . by Abby Livingston 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. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. His net worth has been growing significantly in 2021-2022. Rep. Michael McCaul, Texas, Republican $125,880,292. 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. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. Trone's wealth is divvied up among mutual funds, exchange-traded funds, and ownership of several shops across the country specializing in wine, beer, and spirits: Total Wine & More. 2023 Celebrity Net Worth / All Rights Reserved. The McCauls have made the top 10 list for water usage several times, the Statesman reported. 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. 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 the only woman in US history, as of this writing, to serve as Speaker of the House. But these politicians' net worths have little in common with the typical financial situation of American families. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. Roger Williams $27.7 million. He is a member of famous Politician with the age 60 years old group. Her net worth is not presently known. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. This password will be used to sign into all, How the Richest Member of Congress Got That Way. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). 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. Both of those businesses played a major part in his massive wealth. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Senator John Kerry. 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. Get the latest politics news from North Texas and beyond. Of the 195 Republicans who voted, all voted against both impeachment articles. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. Top editors give you the stories you want delivered right to your inbox each weekday. Michael McCaul (R-TX) Net Worth: $117.5 million. These are the 10 RichestMembers of Congress: Representative DelBene saw her wealth increase in the past year when the price of the stock she and her husband Kurt held in Microsoft rose substantially. 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. Mark has been recognized for his community involvement including receiving the 2005 Spirit of Life Honoree from City of Hope. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Linda McCaul is the daughter of Lowry Mays, the founder of the San Antonio-based Clear Channel Communications and its chairman until a stroke sidelined him in 2005. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. Rep. Trey Hollingsworth is only 34 years old, but the Indiana Republican has a sizable fortune from his father, the founder of Hollingsworth Capital Partners, which renovates factories. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. 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. Your California Privacy Rights / Privacy Policy. Darrell Issa founded Directed Electronics, based in Vista, California. You must have JavaScript enabled to use this form. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. 6.Sen. Access your favorite topics in a personalized feed while you're on the go. Linda Mays McCaul is the daughter of Lowry Mays, one of the . U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. 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. Before joining the Senate, Mark Warner served as governor of Virginia. She also worked for the Central Intelligence Agency on biological warfare issues. 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. Sen. Dianne Feinstein, California, Democrat $96,518,036. Linda Kasabian net worth . Since then, the state has allowed some residential water users to opt for confidentiality. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. 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. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. He also worked as a venture capitalist, investing in several technology and healthcare companies. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. 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. Matsui also might be the most relatable person on this list. Residents become desensitized to the cost and water their lawns as they choose. Why young migrant workers are illegally filling a void in the job market. Linda was born January 1st . He currently serves on the Mays Business School Dean's Advisory Board. Nope! Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. All Rights Reserved. Most of Buchanan's wealth comes from his Florida automotive empire. (Courtesy McCaul's office) McCaul's triplets. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. With a net worth of $19.5 billion, as well as being the richest politician in America he . Before joining Congress, DelBene was an executive at Microsoft. Armie Hammer Biography- Wife, Batman & Net Worth. Running for Congress costs cash money. 2023 Vox Media, LLC. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. Net worth: $200 million. 3696; 113th Congress), a bill that would amend the Homeland Security Act of 2002 to require the Secretary of the Department of Homeland Security (DHS) to conduct cybersecurity activities on behalf of the federal government and would codify the role of DHS in preventing and responding to cybersecurity incidents involving the Information Technology (IT) systems of federal civilian agencies and critical infrastructure in the United States. Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. Linda and her 4 daughters are active members of the National Charity League. McCaul's minimum net worth has more than sextupled since his first financial disclosure report covering 2004, when his minimum net worth hovered around $12 million. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. His district stretches from Austin to Houston. Republican Rep. Michael McCaul of Texas made his way to being the number two wealthiest member of Congress through his wife, Linda McCaul, who is the daughter of radio and communications giant Lowry Mays. 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 . 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. DelBene and her husband reported at least $1.1 million worth of shares in her former company. Senator John Kerry (D-MA). The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. All rights reserved. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. He is a Rockefeller. 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. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Hedge funds as governor of Virginia, all voted against both articles of impeachment against Trump millions. Mccaul was born on January 14, 1962 in Dallas, Texas a & M University, 2000 of. 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