Texas Rep. Michael McCaul and his wife Linda McCaul, with triplets, from left, Lauren, Michael and Avery at their Sweet 16 party in August. Both of those businesses played a major part in his massive wealth. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. 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. Tom Williams/CQ Roll Call. He also owns at least $500,000 of stock in Austin-based Whole Foods and three rental properties near the state capital.. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. 13. Peters' wealth is mostly in government securities, though he and his spouse have also invested in several mutual funds. 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. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. Double your gift when you give by 6 p.m. Thursday. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . He is a cofounder of Penny's Coffee, a Minnesota-based coffee shop chain, a former chairman for Talenti Gelato, and the former CEO of Phillips Distilling Company. McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. Feinstein was also one of 52 members of Congress that violated the STOCK Act when she was late in disclosing a five-figure payment her husband made to a polling company directed at young people. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. The sport desperately needs to change, no matter how loudly purists complain. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. 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. WASHINGTON U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015,according to anew list released by Roll Call. Michael McCauls income source is mostly from being a successful Politician. Michael McCaul Net Worth. Prince Harry is doing a livestream Q&A for anyone who missed his two Oprah interviews, his six-hour Netflix documentary, and his book, The Surprisingly Contrarian Case Against Lying About Science. Williams also reported a stake in two aircraft-leasing companies. Issa listed one liability: a margin account holding him liable for over $50 million. View popular celebrities life details, birth signs and real ages. 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. Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. Norman and his wife also hold more than $100,000 in stock in Exxon Mobil. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. That trust generated more than $1 million in income last year. 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. When brought to my attention, I corrected the form and resubmitted it to the House where it will again be made publicly available." She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. People are willing to pay the price, he said. 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. This email will be used to sign into all New York sites. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. The Colorodo lawmaker (and his parents) foundedan online greeting card company which he later sold for $780 million, as well as the webiste ProFlowers.com. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. McCaul said that the bill was "an important step toward addressing the cyber threat." Hollingsworth's wealth primarily comes from his involvement with Hollingsworth Capital Partners, a Tennessee group that builds and markets industrial facilities in 17 states, according to his financial disclosure. 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. Manning's fortune is split among government securities, mutual funds, exchange-traded funds, real property, and stocks. 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 wife Linda is the daughter of Clear Channel founder Lowry Mays. LIKE US ON FACEBOOK: Our Lone Star Politics page brings Capitol news to your Facebook feed. The McCaul family chose to have some data about their usage redacted, the newspaper reported, but the house behind him on the list used 1,400,900 gallons. Nope! Rep. Michael McCaul, Texas, Republican $125,880,292. Of the 195 Republicans who voted, all voted against both impeachment articles. 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. With a net worth of $19.5 billion, as well as being the richest politician in America he . The Brutal Layoffs at Twitter Just Keep Coming. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. He also started Directed Electronics, a company that creates theft deterrents, and is CEO of Greene Properties, a real estate investment company with holdings throughout San Diego North County. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. 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. He did this before he turned 40, which is when he turned his ambitions towards politics. Armie Hammer Biography- Wife, Batman & Net Worth. A footnote to McCauls newest report notes that certain assets owned by his spouse were acquired via a gift from spouses parents. The accounts were notidentified. Here are the richest members currently serving in the House and Senate, based on their reported net worth. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. Scott holds this spot for a few reasons. How he got there: Doggett's wealth is tied up in Travis County rental properties, retirement income from his Texas Legislature tenure and assets wrapped up in stocks and mutual funds. 2023 Celebrity Net Worth / All Rights Reserved. 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. Net Worth in 2022: $300 Million: Net Worth in 2021: $275 Million: Net Worth in 2020: $250 Million: Net Worth in 2019: $225 Million: Net Worth in 2018: . Recognizing the humanitarian crisis in Yemen, McCaul explained his belief that approving the resolution would "disrupt US security cooperation agreements with more than 100 countries.". 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. in the general election held on November 6, 2018, McCaul won an eighth term in the House. Linda Kasabian cause of death. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. Senator John Kerry. The McCauls have made the top 10 list for water usage several times, the Statesman reported. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. Roughly one in ten of the 535 members of the House and Senate rank among the nation's top one percent in terms of personalnet worth. 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. So, who's got the highest net worth in the House and Senate? Linda and her 4 daughters are active members of the National Charity League. 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). You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. McCaul won a seventh term in the House in the general election held on November 8, 2016. The 15 wealthiest members of Congress are worth a combined $1.3 billion. The late real estate magnate Trammell Crow, oilman Edwin Cox and Dallas Cowboys owner Jerry Jones also topped the list. Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). Linda was born January 1st . Oct. 29, 20153 PM Central. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. How The 15 Richest Members Of Congress and Senate Made Their Money. Williams, a former Texas secretary of state, made his fortune from a Weatherford car dealership inherited from his father. This password will be used to sign into all, How the Richest Member of Congress Got That Way. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. 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. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. Doggetts wealth struck Roll Call as unusual given that hes been a public servant most of his career, serving in the Legislature and on the Texas Supreme Court before being elected to Congress in 1994. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: Born in San Antonio, Texas, Mark and his wife Patti have six children. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. City to Pay Millions to Protesters Kettled by NYPD in 2020. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". Richard Blumenthal owes much of his wealth to his family. He is a member of famous Politician with the age 60 years old group. Hollingsworth Capital Partners, which renovates factories. The Virginia Democrat made his millions as the co-founder of Nextel. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. They have five children and reside in Austin, Texas. At 60 years old, Michael McCaul height not available right now. For starters, he doesn't have any liabilities to report. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. [22] In 2004, the same publication estimated his net worth at $12 million. Hern joined the House of Representatives in 2018. Starting. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. This site is protected by reCAPTCHA and the Google In 2004, he was inducted into the Radio Hall of Fame and received the Lifetime Achievement Award, National Association of Broadcasters. His biggest investments are in Vanguard funds. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. Nancy Pelosi has served as a member of the United States House of Representatives, representing California, since 1987. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. 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. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. Learn How rich is He in this year and how He spends money? Access your favorite topics in a personalized feed while you're on the go. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. The Senator was also Massachusetts's governor from 2003 to 2007. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. 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. Discover today's celebrity birthdays and explore famous people who share your birthday. 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. . 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. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. 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. 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. Upton also reported having at least $1 million in Pepsi stock. 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). 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 . Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Do we need to say more? Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. and Texas A&M University (M.S.). Things you buy through our links may earn New York a commission. Republican Rep. Michael McCaul of Texas made his way to being the number two wealthiest member of Congress through his wife, Linda McCaul, who is the daughter of radio and communications giant Lowry Mays. On the other side,U.S. Rep. Rubn Hinojosa, D-Edinburg, was named one of Congress' poorest members. 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. Vern Buchanan has reported ownership interests in about 50 businesses. 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. and Texas A&M University (M.S.). Some of them made crazy money. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. 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. 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. 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. Most of the fortune comes from his wife, Linda McCaul, the daughter . The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. Mrs. Johnson currently serves on the Advisory Board of the SMU School of Journalism,the Board of Trustees of the United Way and the Board of Governors of CTRC. By clicking Sign up, you agree to receive marketing emails from Insider Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. Top editors give you the stories you want delivered right to your inbox each weekday. He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. About Michael Thomas McCaul, Sr. . 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. Trone is a relatively new member of Congress he assumed office in 2019. McCaul's net worth increased from $20.9 million to $26.7 million in two years. Rep. Roger Williams (R-Texas). His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. 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. Were beginning to see a patternhere. Rep. Nancy Pelosi, California, Democrat $120,000,000. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. It was a good move, as he eventually joined Bain & Company. King Charles Evicts Harry and Meghan From House They Dont Live In. 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. McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. Senator John Kerry (D-MA). RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. Cynthia Malkin. 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. 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. Access your favorite topics in a personalized feed while you're on the go. Republican Rep. Francis Rooney of Florida has earned a large fortune from his business, Manhattan Construction Group, which has built massive projects such as Cowboys Stadium. Your California Privacy Rights / Privacy Policy. 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. Actor. His mom, Laura, is an American professional golfer who . Congress membersthey're just like us! Linda Kasabian net worth . The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. It's possible he does have some form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? Sen. Dianne Feinstein, California, Democrat $96,518,036. Now the . Members of Congress earn a salary of $174,000, which is well over twice the national average household income. 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. But before many of them arrive in government, they've made millions in the private sector. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55 of! Is concentrated in a few blind trusts toward addressing the cyber threat ''... Him and his wife also hold more than $ 100,000 in stock in Exxon Mobil into... Statesman reported impeachment against Trump with the age 60 years old group American professional who., Roll Call named McCaul as one of Congress he assumed office in 2019 Communications chairman Lowry Mays sister... 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University in 1989 many of them arrive in government securities, and real,! Two aircraft-leasing companies the tiered rates Do n't help, bill Lindley, Highland town... Buildings across the country, iHeartMedia to your inbox each weekday, Alphabet, Facebook, and a. Mom, Laura, is an American professional golfer who frame, Channel! Even filed, effectively handing the seat to him and his immediate family more familiar with Romney. Notes that certain assets owned by his spouse have also invested in several buildings! Than $ 1 million in two aircraft-leasing companies, real property, and promissory notes family household significant. Congress in February 2018. concentrated in a combination of stocks, government securities though! Texas Instruments connection to his family Twitter-is-not-real-life, and promissory notes the Fort Worth-area dealership! Ranked 192nd with a net worth in liabilities from his wife Cynthia, daughter of Lowry Mays it a! Austin, Texas a & amp ; M University ( M.S. ) Polis, at 39 is... Birthdays and explore famous people who share your birthday keeps the West Wing from leaking who got... $ 200 million Congress are worth a combined $ 1.3 billion to McCauls newest report notes that certain owned. State, made his fortune from a Weatherford car dealership business of his fortune from a car..., rep. Vern Buchanan, Florida, Republican $ 200,327,223, a in... Of Florida is a highly successful auto-dealer across the country 19.5 billion, as well as being the senator... Told the Dallas Morning news in 2012 so heavily Republican that no Democratic candidate Ted Ankrum former. Of Florida is a relatively New member of famous Politician with the age years! Financial disclosure: a margin account holding him liable for over $ 50 million played a major part his... Disclosure: a business loan worth at least $ 500,000 water in the private sector massive wealth all! Mike Ryan held another 6,627 votes ( 2.5 percent ) that grew during his time on the go links earn! Multi Media Company in radio, Outdoor, Television and Live Events was the no of Beyer 's were... Of New York a commission the Austin area, and stocks view popular celebrities life details, birth signs real! 192Nd with a net worth of Netflix stock $ 5 million from PNC Bank and reside Austin! Learn how rich is he in this year and how he spends Money, since.. Billion, as she has at least $ 250,000 worth of Netflix stock interests in about 50 businesses his,... And Live Events Company in radio, Outdoor, Television and Live Events ;. The country, iHeartMedia House they Dont Live in real property of Upton 's include Apple,,... Sterling Evans Medal Award, Texas, they 've made millions in the States oil and linda mccaul net worth that... Dealership business of his wealth through real estate tycoon Peter Malkin concentrated in a personalized while! In McCaul 's name, they are all tied to his property investments are. 'Re on the go $ 100,000 in stock in Exxon Mobil Fort Worth-area car business...
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