- 7. Mai 2023
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- Category: Allgemein
The first-term senator from South Dakota Mike Rounds made his wealth by running insurance and real estate businesses with locations all over the state. She has amassed her wealth through the business activities of her husband, Paul Pelosi. OpenSecrets combines all assets and liability to form a total potential range of values, and then provides an average value as the best guess of each individual's net worth. The latest batch of numbers shows that the 113th Congress had a median net worth of $1,008,767. Apply for the Ballotpedia Fellows Program, By Sarah Rosier and the Congress team In August 2019, Isakson announced he would resign from his senate seat at the end of the year due to health problems. Before serving in Congress, Mullin dropped out of college to manage the family's plumbing company, building it into a regional business. Donald Beyer serves Virginia's 8th District, located west and south of Washington D.C. along the Potomac River. Prior to his election as representative for the 11th District outside of Chicago, Rep. Bill Foster was a physicist who made his wealth by starting, with his brother Fred, Electronic Theatre Controls, which provides lighting for entertainment locations. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Sen. Michael Bennet first became senator in 2009 to fill the vacancy created by the resignation of Kenneth Salazar. know the precise net worth of members of Congress, SCOTUS Now Just Another Congressional Committee, Secret Chinese Police Stations in Europe Are 'Tip of the Iceberg', Trump's Attorney Just Blew Carroll Rape Case, King Charles Says Royals Require 'Acting Ability', Ukraine Will Regain 'Significant Territory' From Russia, Florida GOP Paves the Way to Help Ron DeSantis Challenge Trump. Fact or fiction? 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. Coming from a long line of Tennessee politicians, Jim Cooper served Tennessee's 4th District from 1983 through 1995 and District 5 since 2003. The average increase in net worth in the Top 100 was 114% per year. Members of Congress are permitted to ask for a three-month extension. Speier is of counsel at the law firm of Hanson Bridgett LLP in San Francisco. 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. Prior to being elected to office, she made much of her wealth in the private sector. For example, Sen. John McCain would have his net worth percentage divided by eight (2004-2012), since those are the years for which data is available for his net worth. The second-term congressman representing South Carolina's 5th District in the northern part of the state keeps most of his wealth in real estate holdings. The high net worth of American lawmakers is partially attributable to their annual salaries of $174,000, which is more than triple the average wage across all American workers of $51,960 and higher than the median earnings of even the highest paying jobs in America. For the 49 members who went from a negative net worth to a positive net worth, the average increase was $3.4 million per member.[29]. Help us provide information on American politics. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. Percentage increase is not meaningful for this candidate as the initial average net worth is less than or equal to zero. Rep. Carolyn Maloney was first elected to the U.S. House of Representatives in 1992, serving New York's 14th Congressional District from 1993 to 2013 and New York's 12th Congressional District from 2013 to the present. 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. For the first time in history, the majority of America's elected officials in Washington, D.C. are millionaires. How does that happen?? Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. Note that the ethics law does not require filers to report property, including personal residences, that is not held for investment purposes and does not produce income. The speaker has been criticized by some in her own party for not moving fast enough on a ban that would prevent members of Congress from trading in stocks while in office. If a member gains, expect the gain to be large. Rep. Judy Chu (D-Calif.) was worth less than six figures in 2008. Pelosi's husband, Paul Pelosi, is a successful venture capitalist. See the sources for this fact-check. Marjorie Taylor Greene has an estimated net worth of around $700,000. He rejoined Congress in 2021. Hern joined the House of Representatives in 2018. Before the success he found in Florida, Buchanan founded American Speedy Printing in Michigan in the mid-1970s, growing the business to 730 locations across 44 states before declaring bankruptcy. 1st: George Washington Est. Rep. Young passed away on October 18, 2013. The Center for Responsive Politics is posted under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. Peters' wife, Lynn Gorguze, also has a small fortune from serving as president and CEO of private equity firm Cameron Holdings since 1993. Four-term Rep. Markwayne Mullin serves Oklahoma's 2nd District in the eastern part of the state. Buchanan earned much of his fortune through car dealerships and through his involvement in charter jet and yacht leasing. A text image . In this study, we look at changes in net worth during an incumbent's time in office. Rep. John Curtis is serving his first full term as a congressman from Utah. Rob Portman's family founded and expanded a material-handling distributor. [9] Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. [37], The ten current senators and representatives listed here experienced the greatest declines in net worth (by percentage) from 2004-2012.[37]. This includes her salary as an elected official and income from her business ventures. Apply for the Ballotpedia Fellows Program. Blumenauer has a law degree from Lewis and Clark Law School, and before becoming a legislator, he worked as the assistant to the president of Portland State University for seven years. Because many members have been in office for longer than the eight years this study illustrates, the real change in net worth each member sees after initially taking office may be higher than the numbers in this data. Blunt Rochester previously held several high ranking positions in the Delaware state government, including secretary of labor and was previously married to a former NBA player. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. But this year Trump's net worth dropped to $2.5 billion. 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. Before joining Congress, DelBene was an executive at Microsoft. Property (such as personal residences) and non-income producing investments are not required to be reported under ethics laws. The estimated net worth of a congressional representative exceeds $500,000, according to a report by 24/7 Wall St., which listed the richest members of Congress. Mitchell spent $3.6 million of his own fortune to win the seat. Biggest wealth increase in Congress, 2008-2018 Export to CSV Not all politicians come into office wealthy - but many leave that way. Help us provide information on American politics. Her student loan debt through the U.S. Department of Education at the time was listed as between $15,001 and $50,000. Cohen started his legal practice in 1978 after serving as a legal adviser for the Memphis Police Department. The average yearly percentage increase for those members who increased their net worth was 43.6 percent. The second-term senator and former governor returned to practicing law in 2003 after he finished his term as governor. Let us know via politics@newsweek.com. This list of richest American politicians includes current and former office-holders and political appointees, and is not necessarily adjusted for inflation. To ensure consistency among data sets, home equity was withheld in a similar fashion to primary residences not being counted as assets for congressional data. In the 116th Congress, public disclosures had Florida's Rick Scott in first place with a net worth of around $300 million. OpenSecrets.org gathers this information to build a range of potential values. The . Some incumbents experienced a net loss in net worth. Feinstein herself has a $25 million plus stake in Carlton Hotel Properties. However, our bipartisan reform coalition was then subjected to repeated delay tactics, hand-waving gestures, and blatant instances of Lucy pulling the football," Spanberger said in a statement. 24/7 Wall St. reviewed the estimated net worth of U.S. congressional representatives from Roll Call, a Capitol Hill news outlet, to identify the 76 richest members of Congress. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. Changes in Net Worth of U.S. Williams' wealth comes from multiple auto car dealerships in northern Texas and some valuable real estate. Democrat Suzan Delbene has represented Washington's 1st District since 2012. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. The top range for item valuation is listed as "Over $50 million" on forms. "Medians are often used when data are skewed, meaning that the distribution is uneven. The former for-profit college executive's average net worth skyrocketed from $101 million to nearly $180 million. Because of this, Ballotpedia removed Pingree when calculating the averages for this study, while continuing to list her in the chart. In July, Phillips placed his assets in a qualified blind trust approved by the House Committee on Ethics, meaning he'll retain little control over his assets while he's a member of Congress. That left her with about $4.3 million in her campaign coffers, according to the FEC. "The embarrassment is just going to keep growing over this," Laura Harth, the campaign director at Safeguard Defenders, told Newsweek. He was founder, chairman, and chief executive officer of Little Rock-based Delta Trust & Banking Corp. Richard C. Shelby of Alabama is in his sixth term as senator from Alabama and is the fifth-ranked Republican in seniority. [1][2] At the same time, 50 percent of Americans cannot afford to spend $5,000 in an emergency. For a direct comparison to each individual member's figures (as shown on his or her Ballotpedia profile), the yearly median change will correspond with each member's average yearly change. Data on the net worth of members of Congress came from the 2018 Wealth of Congress report from CQ Roll Call, an intelligence and advocacy group based in Washington, D.C. Net worth figures are based on recent financial filings and are representative of the time that each House member or senator was beginning his or her term in the 115th Congress. Rep. Vern Buchanan of Florida's 16th District is worth an estimated $73.9 million. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. Prior to his election to Congress, Marchant founded a construction and home building business. In keeping with the method of calculating congressional net worth, home equity was withheld from the figure. Any liability or loan where the filer, his or her spouse or his or her dependent children owed more than $10,000 at any time during the calendar year. Access your favorite topics in a personalized feed while you're on the go. Researchers used data provided by OpenSecrets.org to calculate the change in net worth of each congressional incumbent from either 2004 or the year he or she was first elected, if that year was after 2004.[6]. Scott Peters, who has represented California's 52nd District located just north of San Diego since 2013, is worth an estimated $32 million. That data, currently available for the years 2004 to 2010, is listed in part below in the section Individual data. In September 2019, Sensenbrenner announced he would not seek reelection in the 2020 election. That also makes it difficult to pin down exactly how much Pelosi's net worth has grown since she first became speaker in 2007, but she has been reported to be one of the wealthier members of Congress. First elected to the Wisconsin State Senate in 1978, Rep. Jim Sensenbrenner is currently the second longest serving member of the House of Representatives. No ban has yet been put in place. Designed for transparency, the disclosures provide insight into each member of Congress' wealth and assets and occasionally reveal potential conflicts of interest and violations of federal law. Jackie Speier is in her sixth full term in Congress and now represents California's 14th District, which includes San Mateo County.
