McCaul said that the bill was "an important step toward addressing the cyber threat." Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. 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. 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. . 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. The management consulting firm made him vice president the year after he joined, and a few years later, Romney started private equity firm Bain Capital. 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. With an estimated net worth of $3.6 billion, the former venture capitalist, tech investor and heir to the Hyatt Hotel chain poured $171.5 million into his 2018 gubernatorial campaign, setting a. 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. She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. 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. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). 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. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Eric Cole comes from an athletic family background as he was born to his parents, Laura Baugh (Mother) and Bobby Cole (Father), on June 12, 1988. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). 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. Here's a look at what it found for the Texans on the richest and poorest lists. In 2004, he was inducted into the Radio Hall of Fame and received the Lifetime Achievement Award, National Association of Broadcasters. Rep. Michael McCaul, Texas, Republican $125,880,292. The Key Moments From Alex Murdaughs Testimony and Murder Trial. Matsui also might be the most relatable person on this list. Linda and her 4 daughters are active members of the National Charity League. He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. 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. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. NEGAUNEE TOWNSHIP, MI - Linda L. Lahti, 69, of Negaunee Township, passed away peacefully early Sunday morning, February 26th, 2023, at UP Health System - Marquette. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. The U.S. Is Choosing Child Labor Over More Immigration. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. Darrell Issa only started serving in his current district (California's 50th congressional district) in 2021, but he first became a member of the House of Representatives in 2001. He attended Trinity University and earned his. Michael McCaul Net worth Growth. 2023 BDG Media, Inc. All rights reserved. Linda is on the Board of Visitors at M.D. He largely invested in deals brought forth by other partners, rather than identifying them himself, but negotiated a nice profit-sharing agreement when he left in 2002the company still pays him millions of dollars every year. Now, he seems to make his money through the bond market he lists seven high yield bond investments as being worth more than $50 million on his financial statement. By Paul V. Fontelo and David Hawkings. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. The city threw out a Democratic mayor for the first time in decades. in the general election held on November 6, 2018, McCaul won an eighth term in the House. He did this before he turned 40, which is when he turned his ambitions towards politics. She also worked for the Central Intelligence Agency on biological warfare issues. Buchanan may have the authority to write American tax policy in coming years, as the congressman is likely to become the leading GOP member of the Ways and Means Committee after Rep. Devin Nunes announced his resignation to become the CEO of a new social media company founded by former President Donald Trump. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. And a chatbot is not a human. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. The city will see multiple inches of something apparently called snow., Richard Haass on Americas Relationship Problems With China. His financial filings indicated that each of Issa's assets is jointly owned. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. At one point Clear Channel owned over 1,200 Radio Stations, over 600,000 outdoor advertising displays, and various Television Stations and Live Event venues which operated in 65 countries and generated over $8 Billion in Revenue. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). 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. 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 . Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). It's possible he does have. For starters, he doesn't have any liabilities to report. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. The sport desperately needs to change, no matter how loudly purists complain. A large portion of Dianne Feinstein's wealth comes from her husband. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. All Rights Reserved. Also learn how He earned most of networth at the age of 58 years old? Most of Buchanan's wealth comes from his Florida automotive empire. Not a single asset is listed as being in McCaul's name, they are all tied . The cause of her death has not been immediately . These men and women have been active in their respective careers and communities. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. Prior to his time in government, Warner ran Columbia Capital, a venture-capital firm, and telecom company Capital Cellular Corporation, both of which contributed to his wealth, alongside mutual funds, hedge funds, and private-equity funds. Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. Rep. Michael McCaul, R-Texas. His net worth has been growing significantly in 2021-2022. Top editors give you the stories you want delivered right to your inbox each weekday. Privacy Policy and On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. Troy Carter, Melanie Stansbury, and Jake Ellzey have not filed their official financial-disclosure reports. The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. Does this have something to do with that Texas miracle we keep hearing about? 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. Michael McCaul's net worth 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. 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. Due to this influx of spousal wealth, McCaul unseated last years richest member of Congress, John Kerry the John Kerry married to Teresa Heinz Kerry of the ketchup fortune. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. Here are the 15 richest members currently serving in the House and Senate and where the wealth comes from, according to a 2018 analysis by Roll Call. Here's five of the richest members of Congress a look at what some of the most notable politicians in the U.S. are worth with help from research performed by Celebrity Net Worth. City to Pay Millions to Protesters Kettled by NYPD in 2020. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. 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. Mura Holdings. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. Linda Kasabian was a famous member of the Manson Family. The company, now called iHeartMedia, is a $6.3 . How did McCaul make his money? Darrell Issa founded Directed Electronics, based in Vista, California. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. The majority of Rep. McCaul's wealth comes from his wife, Linda McCaul, who is the daughter of Lowry Mays, the CEO and founder of Clear Channel . By Kira December 27, 2020 April 8, 2021. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. How he got there: All of McCaul's assets are listed in the name of his wife Linda McCaul, the daughter of Clear Channel CEO founder Lowry Mays, or in the names of his children. Rarely does anunknown yokel rise from anonymity to become a member of Congress. Malkin is the daughter of real estate mogul Peter Malkin. Though he attended law school and passed the Michigan bar exam, Romney chose a career in business. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. The McCauls have made the top 10 list for water usage several times, the Statesman reported. 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. McCaul says his approach to counterterrorism will aid in integrating the nation's homeland security policies into the digital age through the implementation of detailed screening of foreign visitors, including immigrants and refugees, by utilizing the latest technologies and intelligence. Double your gift when you give by 6 p.m. Thursday. 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. McCaul won re-election again in 2008, against Democratic candidate Larry Joe Doherty and Libertarian candidate Matt Finkel by a 54 to 43 percent margin. Minimum net worth: $305.46 million McCaul tops the list for the second year in a row with a reported minimum net worth that broke the $300 million mark. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. Jay is an heir to oil tycoon John D. Rockefeller. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. 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. Submit a correction suggestion and help us fix it! Ranking the Net Worth of the 115th. Prepare to be gobsmacked. Were beginning to see a patternhere. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Born in San Antonio, Texas, Mark and his wife Patti have six children. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). . Before joining the Senate, Mark Warner served as governor of Virginia. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. In his spare time, Randall is a devoted father to his four children who are most often by his side as he explores his passion for travel, mentoring, fly fishing, pickleball, cooking and hiking. Her net worth is not presently known. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. 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. As a result, McCaul's reported net worth jumped from at least $73.75 million in 2009 to at least $294 million in 2010, according to Roll Call's prior assessments. Of the 195 Republicans who voted, all voted against both impeachment articles. Issa listed one liability: a margin account holding him liable for over $50 million. Alamu Tosin February 28, 2023. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. 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. In addition, she is married to Blum Capital president and chairman Richard Blum. Submit a correction suggestion and help us fix it! Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. Lawmakers are not required to disclose certain classes of personal assets, such as the value of their personal residence, so these assets are not included in Insider's calculations. Linda Mays McCaul is the daughter of Lowry Mays, one of the . Buchanan recently came under fire for purchasing a yacht estimated to be valued between $1-5 million dollars the same day he voted for the Republican tax cuts bill in 2017. Michael McCauls income source is mostly from being a successful Politician. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Now hes returning to a shell-shocked industry. 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. Taking a closer look, the median net worth for the House was $896,000 (Democrats averaged 929,000 and Republicans 884,000), while the average Senator is sitting on roughly $2.5 million (Republicans averaged $2.9 million and Democrats $1.7 million). McCaul won a seventh term in the House in the general election held on November 8, 2016. Libertarian Bill Kelsey held another 13,209 votes (4.2 percent). U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015, according to a new list released by Roll Call. 13. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. It was a good move, as he eventually joined Bain & Company. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. 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. According to McCaul, the bill "establishes a true partnership between DHS and the private sector to ensure the distribution of real-time cyber threat information in order to secure our nation in cyberspace without burdensome mandates or regulations.". Starting. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. Sen. Mitt Romney, Utah, Republican $85,269,083. This site is protected by reCAPTCHA and the Google Kate Bedingfield, Bidens Translator, Leaves the White House. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. It's common for wealthy areas in Texas to use the most water. A Huge Majority of Voters in George Santoss Own District Think He Should Resign. Linda Kasabian net worth . She is also a member of the U.S. Congressional Club. Insider compiled members' annual disclosures filed this year, analyzing thousands of pages of documents to estimate the minimum and maximum net worth of members of the US Senate and the US House of Representatives, including nonvoting delegates. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. 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. Scott, who assumed office in 2019, cemented his No. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. He is from American. She attended the University of Miami (B.S.) The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. McCaul, a Republican and a perennial on the "rich list," has a net worth of $113 million, making him the fifth-wealthiest lawmaker of the 530 members of the U.S. House and U.S. Senate (there. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. In a December 2, 2016 Fox News op-ed, McCaul declared his intention to support legislation, in line with president-elect Donald Trump's proposals, to build a wall along the MexicoUnited States border, to secure the border, and have Mexico and other Latin American countries pay for these proposals. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. Linda was born January 1st . Senator John Kerry (D-MA). She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments. Texas two U.S. senators are far down the list, with Ted Cruz clocking in at 332nd with a net worth of $200,000 and John Cornyn at 390th with a wealth value estimated at zero, with $500,000 in assets and $500,000 in liabilities. 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. The public employee retirement fund amount should have been in the thousands and not millions. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Residents become desensitized to the cost and water their lawns as they choose. Top editors give you the stories you want delivered right to your inbox each weekday. McCaul, a Republican and a perennial on the rich list, has a net worth of $113 million, making him the fifth-wealthiest lawmaker of the 530 members of the U.S. House and U.S. Senate (there are a few vacancies) and the richest among Texas lawmakers. 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . The Californians have been booted from Frogmore Cottage because the king (or the character invented by the U.K. press) has had enough of their abuse. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. 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. Insider's calculations are conservative estimates based on the minimum values disclosed by members. Choosing Child Labor over More Immigration daughters are active members of Congress in February 2018. multiple inches something! 'S listed holdings were spread out among exchange-traded funds, exchange-traded funds, limited liability companies and..., obtained by TMZ water usage several times, the Statesman reported feinstein 's wealth comes from a system! 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