And a chatbot is not a human. The city threw out a Democratic mayor for the first time in decades. He currently serves on the Mays Business School Dean's Advisory Board. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Michael McCaul's net worth Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. . McCaul worked as an attorney and a federal prosecutor before entering politics. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. In December 2016, the House Republican Conference voted to appoint McCaul for a third term as the chairman of the House Committee on Homeland Security Committee. He left for a short period of time when Donald Trump nominated him to head the U.S. Trade and Development Agency before returning to Congress last year. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. Nope! 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. Buchanan listed several liabilities in his financial filings worth at least $14 million, including loans for a plane and a yacht connected with the LLC. 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. It was a good move, as he eventually joined Bain & Company. She is the granddaughter of Irwin M. Jacobs, the co-founder of Qualcomm, a world leader in wireless technology with a stock price of around $156 per share as of March 9th of which she owns $6 million worth. 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. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. Hern joined the House of Representatives in 2018. Austin RepublicanMichael McCaul, one of the wealthiest members of Congress, used more city water than any other resident last year, according to the Austin American-Statesman. Scott holds this spot for a few reasons. The U.S. Is Choosing Child Labor Over More Immigration. Several cities try to conserve water by creating mandatory watering schedules for residents. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". City to Pay Millions to Protesters Kettled by NYPD in 2020. 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. He and his family live in West Lake Hills, Texas, a wealthy suburb of Austin, Texas. He rejoined Congress in 2021. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. Top editors give you the stories you want delivered right to your inbox each weekday. The cause of her death has not been immediately . She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. She is also a member of the U.S. Congressional Club. The company, now called iHeartMedia, is a $6.3 . #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. Right-wing board to clamp down on woke ideology in cartoons. Starting. He did this before he turned 40, which is when he turned his ambitions towards politics. 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. Sen. Mark Warner, Virginia, Democrat $93,534,098. Prepare to be gobsmacked. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. Her body was cremated and her cause of death was not revealed. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. 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. 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. His district stretches from Austin to Houston. Mrs. McCaul has a Master's Degree in oceanography and geology. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. Linda is on the Board of Visitors at M.D. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. DeSantis Promises Florida Will Control Disney Content. One of Norman's IRA's is worth at least $5 million. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. 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. McCaul said that the bill was "an important step toward addressing the cyber threat." Mark Warner (D-Va . She also worked for the Central Intelligence Agency on biological warfare issues. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. *Sorry, there was a problem signing you up. 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. He is a member of famous Politician with the age 60 years old group. 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 . Net Worth: $108 million 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. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. 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. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. Malkin is the daughter of real estate mogul Peter Malkin. He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. 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. Scott, who assumed office in 2019, cemented his No. McCaul did not list any liabilities or debts in his financial disclosure. By clicking Sign up, you agree to receive marketing emails from Insider In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. He is from American. Rep. Darrell Issa, California, Republican $115,850,012. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. His trial is set for early 2020. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. 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. Amplify your impact and donate now. Discover today's celebrity birthdays and explore famous people who share your birthday. The trusts contain a combination of mutual funds, stocks, and electronic funds. The Brutal Layoffs at Twitter Just Keep Coming. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. . 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 Communications. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Rarely does anunknown yokel rise from anonymity to become a member of Congress. in the general election held on November 6, 2018, McCaul won an eighth term in the House. 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. Three newer members of Congress Reps. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? Your donation keeps our trusted reporting free and accessible for all Texans and during a legislative session when lawmakers are set to tackle issues from school choice for K-12 students to school safety improvements to changes in property taxes, its critical that Texans know what lawmakers decisions mean for their futures. Here's a look at what it found for the Texans on the richest and poorest lists. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. He also has real estate holdings. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. 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. Biden Dares Republicans to Go After Obamacare and Medicaid. 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. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. Rep. Roger Williams (R-Texas). A few members of Congress' minimum sum of liabilities far surpassed the minimum sum of their disclosed assets. Sure, you have political donations, fundraisers to drum up the money, and money from either the Democrats or Republicans, but it still is an expensive endeavor. Senator Blumenthal's net worth dropped by more than $20 million over the past year. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. 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. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Top editors give you the stories you want delivered right to your inbox each weekday. McCaul, chairman of the House Homeland Security Committee, is the fifth-richest member of Congress with a net worth of $113 million, according to Roll Call. Kate Bedingfield, Bidens Translator, Leaves the White House. 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. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). On December 18, 2019, McCaul voted against both articles of impeachment against Trump. 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. 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. Matsui also might be the most relatable person on this list. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. Richard Blum serves as president and chairman of private equity company Blum Capital. Four years later, he was re-elected to a fourth term with 76% of the vote against Democratic candidate Ted Ankrum (22%) and Libertarian candidate Jeremiah "JP" Perkins (1 percent). Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. For starters, he doesn't have any liabilities to report. We recommend you to check the complete list of Famous People born on 14 January. Michael Thomas McCaul Sr. (born January 14, 1962 in Dallas, Texas) is an American attorney and politician serving as the U.S. Representative for Texas's 10th congressional district , since 2005. McCaul, chairman of the House Homeland Security Committee,is the fifth-richest member of Congress with a net worth of $113 million, according to Roll Call. by Abby Livingston 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. Some of them made crazy money. 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. 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. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. as well as other partner offers and accept our. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. By clicking Sign up, you agree to receive marketing emails from Insider Most of his fortune comes from his. 2023 Celebrity Net Worth / All Rights Reserved. Rose also owned at least $500,000 worth of stock in Citizens Bank and more than $100,000 worth of Alphabet stock, and he reported 100% ownership of Rose Farm, worth between $5 million and $25 million. and Texas A&M University (M.S.). Linda Kasabian cause of death. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. As of 2018 he was the fifth-wealthiest member of Congress. How he got there:Roll Call writes that "amassive arbitration award exceeding $1 million against Hinojosa from a failed food business along with tens of thousands of dollars of unpaid tax bills for that business" put Hinojosa as the sixth-poorest member. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. Much of Issa's fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. 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 . The recently released wealth list fromRoll Call, a news outlet that covers Capitol Hill, annually compiles and ranks the financial reports of the members, which only require lawmakers to give broad ranges of value. All rights reserved. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. Warner has also been a venture capitalist. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. Notable stocks held by Hern and his family included more than $250,000 worth of Amazon, at least $100,000 worth of Alphabet, and more than $530,000 worth of Microsoft. Running for Congress costs cash money. 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. 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. So, who's got the highest net worth in the House and Senate? It's common for wealthy areas in Texas to use the most water. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. Linda Kasabian Bio, Cause of Death, Net Worth, Age, Husband, Children, Parents, Siblings. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. In 2012, Highland Park residents used about three times as much water per day than the average Dallas resident, most of it for landscaping. 1 consumer of household water in the city for 2017. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. 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. 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. At 60 years old, Michael McCaul height not available right now. 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. Congress membersthey're just like us! Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. 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. 2023 www.statesman.com. Williams, a former Texas secretary of state, made his fortune from a Weatherford car dealership inherited from his father. She is a journalism graduate of The University of Texas at Austin and has previously interned for USA TODAY College, The Austin American-Statesman and The Daily Dot. Your California Privacy Rights / Privacy Policy. Rep. Chris Collins of New York, the first elected Republican to endorse Donald Trump's 2016 presidential bid, owns stake in various companies ranging from manufacturing to biotechnology. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. 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. You\'ll receive the next newsletter in your inbox. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. 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. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. 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. You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. 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. Her net worth is not presently known. McCaul's net worth increased from $20.9 million to $26.7 million in two years. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. As a result, the figures are rough estimates of a members net worth. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. The company had revenue of $928 million in Q3 of 2021, an increase of 25% YoY. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. 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. Malkin is the daughter of real estate mogul Peter Malkin. Most of Buchanan's wealth comes from his Florida automotive empire. The 15 wealthiest members of Congress are worth a combined $1.3 billion. Michael McCaul Net worth Growth. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. View popular celebrities life details, birth signs and real ages. Its unclear how much the use of water cost McCaul and his family, depending on what kind of meter they have. 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 . Rest assured, the point of this list is not to chastise anyone for their wealth, but rather to remindeveryone that the people writing our laws the ones passing budgets (or not passing them), deciding whether to extend unemployment benefits, debating raising the minimum wage, and overhauling the tax code are enjoying a very selective experience in our economy. His time as the CEO of Directed Electronics then was re-appointed in 2019 cemented..., Scott has co-founded two healthcare companies: Columbia Hospital Corporation ( now HCA healthcare and. Lynn 's wealth is the daughter of real estate mogul Peter Malkin is when he turned his ambitions towards.. 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