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. When possible OpenSecrets tried to determine a more accurate figure. In the private sector, Alexander co-founded a law firm in Nashville as well as a chain of children's daycare centers. U.S. Speaker of the House Nancy Pelosi (D-CA) delivers remarks from the House Chambers of the U.S. Capitol Building on November 17, 2022 in Washington, DC. She is a newcomer to Congress, joining the ranks in 2021. Chao also collected a salary during her tenure on the boards of Wells Fargo and News Corp. Rep. Mike Kelly was first elected to the U.S. House of Representatives in 2010. He also had businesses in energy and real estate and had an early stake in the wireless service company Nextel, which was eventually bought by Sprint. That data, currently available for the years 2004 to 2010, is listed in part below in the section Individual data. Ocasio-Cortezsstory of bartender-turned-congresswoman after upending an incumbent Democrat in a safely blue New York district is well documented. Scott Peters, who has represented California's 52nd District located just north of San Diego since 2013, is worth an estimated $32 million. Before entering politics, two-term Sen. Joe Manchin worked at his family's furniture store, managed a carpet store, and then joined a coal brokerage. Senators and Representatives, Ken Carbullido, Vice President of Election Product and Technology Strategy, https://ballotpedia.org/wiki/index.php?title=Net_worth_of_United_States_Senators_and_Representatives&oldid=8826276, Conflicts in school board elections, 2021-2022, Special Congressional elections (2023-2024), 2022 Congressional Competitiveness Report, State Executive Competitiveness Report, 2022, State Legislative Competitiveness Report, 2022, Partisanship in 2022 United States local elections, The ten wealthiest (and poorest) members of both the, How members' net worth has changed from previous years, How much the congressional delegations of each state are worth, Breakdown of net worth between House and Senate, A complete list of the net worth averages for congressional members since 2004. Some incumbents experienced a net loss in net worth. Paul Pelosi's company, Financial Leasing Services, has been highly successful in its investments in recent years and those investments have included shares in major firms such as Disney, Amazon and Google. No ban has yet been put in place. Sen. Lamar Alexander of Tennessee, serving his third term as senator, is the 15th-highest ranking Republican senator in the Senate. In the 116th Congress, public disclosures had Florida's Rick Scott in first place with a net worth of around $300 million. 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. For example, for. They occasionally also report the combined value of the account, in which case the combined value is omitted from calculations. Biggest wealth increase in Congress, 2008-2018 Export to CSV Not all politicians come into office wealthy - but many leave that way. Today, Sensenbrenner's stock portfolio includes holdings in more than three dozen companies, including Pfizer, Apple, AT&T, and Verizon. as well as other partner offers and accept our, Alex Wong/Getty Images; Kevin Dietsch/Getty Images; Bill Clark/CQ Roll Call; Hannah McKay-Pool/Getty Images; Rebecca Zisser/Insider, Chance Yeh/Getty Images for Power 100 Lunch, Bill Clark/CQ-Roll Call, Inc via Getty Images), Bill Clark/CQ-Roll Call, Inc via Getty Images, Tom Williams/CQ-Roll Call, Inc via Getty Images, Michael Brochstein/SOPA Images/LightRocket via Getty Images, Kent Nishimura / Los Angeles Times via Getty Images, Anna Moneymaker/The New York Times via AP, Pool, placed his assets in a qualified blind trust, acknowledged filing an incorrect personal financial disclosure. Though he is a Tennessee native, Trey Hollingsworth has served in Indiana's 9th District since taking office in 2017. Operations: Meghann Olshefski Mandy Morris Kelly Rindfleisch Mitchell won't seek reelection this November. The Republican, now in his fifth term, is a certified professional engineer who worked in the construction industry before he entered Congress. 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. [7], This requirement also extends to candidates for federal office, senior congressional staff, nominees for executive branch positions, Cabinet members, the president and vice president and Supreme Court justices. Your California Privacy Rights / Privacy Policy. Shortly after graduating from college, he founded his own commercial building construction company, R.W. In 1997 Gianforte founded RightNow Technologies, a cloud-based customer service program, which was bought for over $1 billion by Oracle Corp in 2012. Much of his money is held in bonds and mutual funds, though he has real estate holdings worth about $1.4 million. McCaul did not list any liabilities or debts in his financial disclosure. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. Rep. Brad Schneider served Illinois' 10th District from 2013 through 2015 and began serving once again in 2017. The average change in net worth for the members in this study was 72.6 percent. Today, though all congressional representatives earn salaries, not much else has changed. Sen. Sheldon Whitehouse of Rhode Island. There are many elected officials with large fortunes independent of the salaries they earn while serving in Congress. Almost a quarter of voting members have a negative net worth. The figures reflect the. He snagged his first job in D.C. in 1968, working as the chief legislative assistant to Kentucky Sen. Marlow Cook. Sen. Elizabeth Warren of Massachusetts. This included members of Congress. 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. 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. Prior to his election to Congress, Marchant founded a construction and home building business. He also was the founding chairman of Summit Bank, based in Panama City. Because many members went from a negative net worth to a positive net worth during the years calculated, this figure is an important figure because the total asset increase can figure in all members' asset growth, including the members who did not have a meaningful percentage change due to increasing from a negative to a positive net worth. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Policy: Christopher Nelson Caitlin Styrsky Molly Byrne Jimmy McAllister Samuel Postell How much are your senators and representatives worth? After representing Oregon's 3rd District for 15 years, Ron Wyden has represented Oregon as a senator since 1996. The data outlined on this page comes from OpenSecrets.org. He also invested in the digital entertainment company Real Networks, which streams media on the Internet. Pelosi's net worth in 2021 was estimated to be as much as $171.4 million in an October report by The Washington Free Beacon, a conservative news outlet that arrived at that figure "by taking into account the ranges of all the individual assets and liabilities" in Pelosi's financial disclosure statement. Sen. John Kennedy is in his first term as senator from Louisiana. The former for-profit college executive's average net worth skyrocketed from $101 million to nearly $180 million. Senators and Representatives (Personal Gain Index), Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License, Information on financial disclosure forms from the Office of the Clerk of the House of Representatives, Older congressional financial disclosure forms available on, Net Worth of United States Senators and Representatives, 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. From their 2009 required candidacy filing to 2012. OpenSecrets.org gathers this information to build a range of potential values. [5] This page is about changes in net worth of U.S. Hoeven eventually became president of Westbrand Inc. Bank Holding Co. and retains at least $5 million in company stock. 51. 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. If we use the average net worth category for the House and . We're fact checking the news and sending it to your inbox. Democrat Rosa DeLauro has represented Connecticut's 3rd District which covers the central part of the state along the coast since 1991. Do you have a tip on a politics story that Newsweek should be covering? During a September 2019 hearing on student loan debt, Ocasio-Cortez said she made a payment that had reduced her student loan debt to $19,000. Congressional net worth figures are a relatively small data set,[38] so Ballotpedia used average percentage changes throughout the study (adjusted as needed for outliers)[39] to best illustrate the average growth of wealth of members of Congress. She is also a co-author of the book "This Is Not the Life I Ordered: 50 Ways to Keep Your Head Above Water When Life Keeps Dragging You Down.". 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. 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. Dodgett has a stake of at least half a million on the Whole Foods grocery store chain, which is headquartered in Austin, a city that falls partially with the district he represents. Members of the United States Congress and candidates for Congress are required to file an annual Personal Financial Disclosure (PFD) on or before May 15 of every year. Do you have a question about Nancy Pelosi? As compared to the yearly average gains, the total average gains percentage change looks at the total change between the first year data is available for each member[36] and the 2012 data. 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. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Rep. Nancy Pelosi, the Speaker of the House, represents California's 12th District, which includes San Francisco. Sheldon Whitehouse is a third-term senator from Rhode Island who was re-elected by about 30 points in 2012. The center's data for 2016 shows the members' financial data in three categories: minimum net worth, average and maximum net worth.
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