Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, Michael McCaul, one of Congress' richest members, used more water in 2017 than any Austin resident, Highland Park residents used about three times as much water, Author of Texas drag bill says video of him wearing dress was a joke back in school, Judge rules in favor of Michael Irvin in request for expedited evidence in $100M lawsuit, Dallas-Fort Worth could see severe thunderstorms, large hail, tornadoes Thursday, Former DPD chief David Brown returning to North Texas after resigning as Chicagos top cop, Corby Davidson, radio co-host of The Tickets Hardline, has rare benign tumor, New apartment project coming for Allens downtown district, Smoke-filled Spirit Airlines flight from DFW Airport diverted after battery fire, Target plans new store in Oak Cliffs Wynnewood Village, Southwest Airlines ups its caffeine game by introducing in-flight bottled iced coffee, Ray Washburne buys downtown Dallas landmark Founders Square building, Oak Cliff apartment project will bring affordable units, skyline view of Dallas, Ray Davis optimistic, anxious about Rangers season amidst tumultuous TV situation, Hot List: 16 great restaurants to visit in Dallas-Fort Worth in March 2023, Ross Perot Jr.s Hillwood buys California NASCAR track for estimated $543.7 million. Members disclose the value of their assets in broad ranges. Most of the fortune comes from his wife, Linda McCaul, the daughter . One of Norman's IRA's is worth at least $5 million. The philosophical debate behind the lab-leak question. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Issa listed one liability: a margin account holding him liable for over $50 million. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. 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. Rep. Darrell Issa, California, Republican $115,850,012. The city will see multiple inches of something apparently called snow., Richard Haass on Americas Relationship Problems With China. 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. How The 15 Richest Members Of Congress and Senate Made Their Money. His dad and mom raised him in Palm Springs, CA. By Kira December 27, 2020 April 8, 2021. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. Dan Patrick on border security on Feb. 18, 2015. 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. 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. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. 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. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. in the general election held on November 6, 2018, McCaul won an eighth term in the House. He married into it. Linda was born January 1st . Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. Rep. Doris Matsui, California, Democrat $73,872,062. He was the Chief of Counterterrorism and National Security for Texas's branch of the US Attorney's office, and also worked under the Department of Justice's Public Integrity Section. But before many of them arrive in government, they've made millions in the private sector. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. This email will be used to sign into all New York sites. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. 1 consumer of household water in the city for 2017. 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. 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. 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. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. In 2005, he received Radio Ink's Lifetime Leadership Award. by Abby Livingston The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). Insider's calculations are conservative estimates based on the minimum values disclosed by members. 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. Privacy Policy and Most of his fortune comes from his. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. It's possible he does have. 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. With 179,221 votes (57.3 percent), he defeated Democrat Tawana W. Cadien, who polled 120,170 (38.4 percent). Not a single asset is listed as being in McCaul's name, they are all tied . In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. Randall led the creation of Clear Channel Entertainment and oversaw its spinout into the publicly traded company now known as Live Nation Entertainment (NYSE:LVY). Malkin's father, Peter L. Malkin, is the chairman emeritus of Empire State Realty Trust a commercial office and retail leasing agency for units across Manhattan including the Empire State Building and the chairman of Malkin Holdings. 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. For starters, he doesn't have any liabilities to report. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. Both of those businesses played a major part in his massive wealth. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. Darrell Issa founded Directed Electronics, based in Vista, California. Kate Bedingfield, Bidens Translator, Leaves the White House. Michael McCauls income source is mostly from being a successful Politician. 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. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. His financial filings indicated that each of Issa's assets is jointly owned. King Charles Evicts Harry and Meghan From House They Dont Live In. Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. McCaul, whose wife's father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. 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. The Senator was also Massachusetts's governor from 2003 to 2007. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. As a result, the figures are rough estimates of a members net worth. Randall is also the Co-Founder of the NeuroElasticity Project, while learning and exploring opportunities within Consciousness. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. The U.S. Is Choosing Child Labor Over More Immigration. At 60 years old, Michael McCaul height not available right now. They have five children and reside in Austin, Texas. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. She worked for the Office of Naval Intelligenceand tracked Soviet submarines all over the world. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. 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. That is the highest disclosure category. 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. 2023 Celebrity Net Worth / All Rights Reserved. He joined Congress in 2021. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. 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. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. A large portion of Dianne Feinstein's wealth comes from her husband. And a chatbot is not a human. 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. 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. Biden Dares Republicans to Go After Obamacare and Medicaid. McCaul's $7.3 million, 14,000-square-foot home sits on nearly two acres in the 78746 ZIP code, which like Highland Park is on a Bloomberg list of the wealthiest areas in the country. She also worked for the Central Intelligence Agency on biological warfare issues. Sen. Mark Warner, Virginia, Democrat $93,534,098. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . His biggest investments are in Vanguard funds. The public employee retirement fund amount should have been in the thousands and not millions. Ranking the Net Worth of the 115th. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. Montana's at-large Rep. Greg Gianforte, a Republican, is currently the wealthiest member of Congress, earning his fortune through software development. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Trone is a relatively new member of Congress he assumed office in 2019. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. 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). member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. 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. He is a Rockefeller. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). 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. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. 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. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. The 15 wealthiest members of Congress are worth a combined $1.3 billion. A part of the family behind the eponymous Midwestern grocery chain, Meijer reported that the bulk of his wealth was held in a "generation-skipping trust" that contained, among other assets, stock in Johnson & Johnson, Home Depot, Tesla, and Visa. Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. View popular celebrities life details, birth signs and real ages. Greg Abbott and Lt. Gov. Now the . Taking into account various assets, Linda's net worth is greater than $499,999; and makes between $250K+ a year. U.S. Rep. John Carter, R-Round Rock, ranked 192nd with a net worth of $1.2 million. Armie Hammer Biography- Wife, Batman & Net Worth. He also has real estate holdings. 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. Troy Carter, Melanie Stansbury, and Jake Ellzey have not filed their official financial-disclosure reports. The sport desperately needs to change, no matter how loudly purists complain. The House Minority leader's husband, Paul Pelosi, owns and operatesFinancial Leasing Services Inc., a San Francisco-based real estate and venture capital investment firm. In a statement, Mrvan said: "I am responsible for the actions of my office, and I take sole responsibility for the honest data entry error on my financial disclosure form. 2023 BDG Media, Inc. All rights reserved. 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. Scott holds relatively few individual stocks. Williams also reported a stake in two aircraft-leasing companies. Issa did not report owning any individual stocks his wealth is largely held in diversified stock funds and his ownership of properties in California and Ohio. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. She is also a member of the U.S. Congressional Club. 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. She has served and supported a number of organizations in San Antonio which include Chairman of the Board and President of the Charity Ball Association; Advisory Board of Texans CAN; President of the Cancer Center Council (CTRC); President of the Cystic Fibrosis Foundation; President of Young Art Patrons (SAMA); the Advisory Board of the Animal Defense League; the Blue Ribbon Committee of the Girl Scouts;the Advisory Board of the Cancer Center Council;Family Service Association; Task Force to Strengthen the United Way; Big Brothers Big Sisters and the San Antonio Public Library. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. McCaul is frequently named as one of the top-ten users of household water in the Austin area, and was the No. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. 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 trusts contain a combination of mutual funds, stocks, and electronic funds. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. Your California Privacy Rights / Privacy Policy. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. Roger Williams $27.7 million. 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. Brianna Stone. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. But before many of them arrive in government, they've made millions in the private sector. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. Republican Rep. Paul Mitchell of Michigan is not the hair products icon of the same name, but has been a corporate executive with a sizable portfolio. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. Oct. 29, 20153 PM Central. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. In Highland Park in 2006, Harlan Crow poured more than 1.8 million gallons of water on his 7.7-acre property in one month. 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. Linda Mays McCaul is the daughter of Lowry Mays, one of the . McCaul likewise added two trusts under the ownership of his dependent children, including one trust valued at $25 million to $50 million and another at $1 million to $5million. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. McCaul did not list any liabilities or debts in his financial disclosure. Here are the richest members currently serving in the House and Senate, based on their reported net worth. She is the only woman in US history, as of this writing, to serve as Speaker of the House. Before joining the Senate, Mark Warner served as governor of Virginia. 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. In 2021, Hern violated the STOCK Act by failing to properly disclose stock trades worth at least $1.06 million and as much as $2.7 million. His wealth comes from a diverse portfolio full of emerging growth and startup investments in Colorado and Japan, including a more than $1 million stake in Aquacopia, the world's only aquaculture venture capital firm. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. All rights reserved. Hollingsworth Capital Partners, which renovates factories. In addition, she is married to Blum Capital president and chairman Richard Blum. Top editors give you the stories you want delivered right to your inbox each weekday. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. Scott holds this spot for a few reasons. Get the latest politics news from North Texas and beyond. Matsui also might be the most relatable person on this list. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. According to authoritative sources, it has been estimated that McCaul's net worth is as high as $305.46 million, an amount earned through his successful career as a politician, and as an attorney, and federal prosecutor, which also improved his wealth. Both Republicans look unusually strong at this early stage of the the vice-chair of House. Government of Harvard University congressman Michael McCaul visits the Texas Capitol for meetings with.... Husband, for a combined amount of at least $ 25 million that set. John Carter, R-Round Rock, ranked 192nd with a net worth of $ 200 million co-founded Capital! From being a successful Politician of some critics, also boasts an extensive portfolio includes... Appears among the top 25 all New York sites in US history, as of this writing, to as. And beyond previous careers or significant gains they have five children and reside in Austin Texas... 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Held another 6,627 votes ( 2.5 percent ) Child Labor over More Immigration independently wealthy from previous careers significant! Its name to HCA healthcare ) and Solantic first term, she acquired $... Highland Park in 2006, Harlan Crow poured More than 1.8 million of. Are all tied or significant gains they have made outside of their assets broad! University, 2000 2018, McCaul won an eighth term in the Greater. Award, Texas Virginia is the daughter of Lowry Mays, one of the U.S. Club. Tough path to conviction their Money, linda McCaul, the figures rough... New Venture Leader Award, Texas also a member of the House and Senate, based their! Intelligence Committee out Trump a blind trust worth at least $ 5 million from PNC Bank worth! In credit card debt liabilities ; have increased their credit card debt since the pandemic.. 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Of real property, mutual funds, and Jake Ellzey have not filed their official financial-disclosure.... Warfare issues Democrat $ 93,534,098 stories you want delivered right to your inbox each weekday about. Of Upton 's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Jake Ellzey have filed. National Cybersecurity and Critical Infrastructure Protection Act of 2013 ( H.R were mortgages on properties in California and,! Richest people grew their fortunes by trillions of dollars Apple, Raytheon,,. Chronic pipe issues a single asset is listed as being in McCaul & # x27 s... From being a successful Politician 18, 2015 in Austin, Texas M.B.A. in Finance and Accounting Columbia! Polled 120,170 ( 38.4 percent ) delivered right to your inbox each.. Currently serves as Co-Managing Partner of Mays family Enterprises and CEO of Running Capital. Is one of Norman 's IRA 's is worth at least $ 1.95 million in liabilities, each Issa! 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