The Richest Members Of Congress Built Wealth This Way - Forbes Fact or fiction? One could say that the new retirement plan is to get elected and then re-elected (that is the key) to Congress and you will be set for life. For a direct comparison to each individual member's figures (as shown on his or her Ballotpedia profile), the yearly change will correspond with each member's average yearly change. Insider removed him from the list when Mrvan acknowledged filing an incorrect personal financial disclosure that erroneously inflated the value of a retirement account by tens of millions of dollars. Much of his money is held in bonds and mutual funds, though he has real estate holdings worth about $1.4 million. The trusts contain a combination of mutual funds, stocks, and electronic funds. List of richest American politicians - Wikipedia Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. Estimated wealth is at least $100 million in 2012 dollars, for all the people listed here. 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. Other major assets include several Vanguard index funds he holds jointly with his wife, Transportation Secretary Elaine Chao. Member of Congress: Liz Cheney Chamber: House Party: Republican Estimated net worth: $14,710,513 More From GOBankingRates. After heated budget debates, threats of government shutdowns and multiple votes to raise the debt ceiling, Congress has been dealing with fiscal issues on a regular basis. Lloyd Doggett has served in Congress since 1995 and currently represents Texas's 35th District. Elected officials and senior staff are prohibited from receiving honoraria for speeches, articles or appearances. This included members of Congress. Beyer made his fortune running several car dealerships around Washington D.C. Let us know via [email protected]. More than 14 months after leaving office - and while still contesting the 2020 election - former President Donald Trump has seen his net worth soar to $3 billion, according to brand . Mitchell won't seek reelection this November. Between 2004-2012, the average American household[41] saw an inflation-adjusted slight increase of assets from $204,957 in 2004[42] to $264,963 in 2012. Pence left Congress in 2012 to become the governor of Indiana. Williams also reported a stake in two aircraft-leasing companies. Scott Peters, who has represented California's 52nd District located just north of San Diego since 2013, is worth an estimated $32 million. 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. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; Communications: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Erica Shumaker Caitlin Vanden Boom Those from personal acquaintances, contributions to legal defense funds and commemorative items. Shortly after graduating from college, he founded his own commercial building construction company, R.W. Prior to his election, Fortenberry worked as a publishing industry executive in Lincoln. The Top 100 table includes a handful of politicians who left office during or after 2012. During the defense's cross-examination of E. Jean Carroll, Trump's attorney asked the writer why she "did not scream" when she was "supposedly raped.". Ballotpedia staff took OpenSecrets predicted net worth averages for all reported members of congress and using statistical software calculated yearly averages and changes for various congressional subsets. Maloney & Co. from 1981 until his death in 2009. In August 2019, Isakson announced he would resign from his senate seat at the end of the year due to health problems. Rep. Vern Buchanan of Florida's 16th District is worth an estimated $73.9 million. Your California Privacy Rights / Privacy Policy. Ocasio-Cortez spokeswoman Lauren Hitt said the financial disclosure reports are accurate but provided no additional comment. Congressional disclosure forms don't provide a precise number, but the midpoint. Before he was a senator, Risch used his income from his private attorney practice to buy large swaths of farming and ranching land in the southwestern part of the state. In the 116th Congress, public disclosures had Florida's Rick Scott in first place with a net worth of around $300 million. The Republican, now in his fifth term, is a certified professional engineer who worked in the construction industry before he entered Congress. He serves as chairman of the Senate Committee on Appropriations. Pelosi previously opposed such a ban, but later came out publicly in support of it. Rosen worked for companies such as Citibank and Southwest Gas Company before she was elected to Congress. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; Communications: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Erica Shumaker Caitlin Vanden Boom Feinstein herself has a $25 million plus stake in Carlton Hotel Properties. This list of richest American politicians includes current and former office-holders and political appointees, and is not necessarily adjusted for inflation. The 2004 figure was adjusted for inflation to 2012 dollars. When this is the case, it is expressed with a negative percent. Rep. Kenny Marchant of Texas is serving his eighth term in the House of Representatives. The change in net worth information has also been added to each of Ballotpedia's profiles of the 535 congressional incumbents. This data affords constituents the ability to see the real increase (or decrease) of each member's net worth. 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. Prior to being elected to office, she made much of her wealth in the private sector. Operations: Meghann Olshefski Mandy Morris Kelly Rindfleisch Because of this, Ballotpedia removed Pingree when calculating the averages for this study, while continuing to list her in the chart. 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. Lowey is the current chair of the Committee on Appropriations. PolitiFact | No, Nancy Pelosi's net worth is not $196 million From their 2009 required candidacy filing to 2012. 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. Because 2012 household net worth figures had not been released as of publication date, this figure represents the 2011 numbers adjusted for inflation. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. :We're fact checking the news and sending it to your inbox.