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Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. 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. 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. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. 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. McCaul's net worth increased from $20.9 million to $26.7 million in two years. Linda was born January 1st . Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. 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. The Senator was also Massachusetts's governor from 2003 to 2007. This is the unique deodorant that won over Shark Tank investors & shoppers love the newest scent, These Are The Best Deals On Amazon Right Now, By subscribing to this BDG newsletter, you agree to our. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. 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. She is also a member of the U.S. Congressional Club. Born in Dallas, the son of Frances Jane (Lott) and James Addington McCaul, Jr., McCaul has English, Irish, and German ancestry. 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. Michael McCaul Net worth Growth. 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. 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: . Most of Senator Blumenthal's fortune comes from his wife, Cynthia Blumenthal, who is the daughter of a New York real estate mogul. Warner has also been a venture capitalist. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. The representative reported one liability: a mortgage worth at least $15,001 through JPMorgan Chase. Though he attended law school and passed the Michigan bar exam, Romney chose a career in business. Get the latest politics news from North Texas and beyond. Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. Brianna Stone. View popular celebrities life details, birth signs and real ages. You may be more familiar with Mitt Romney from his 2012 presidential campaign, where he ultimately lost to Barack Obama. We will update Michael McCaul's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. GOP members of Congress own as much as $60.4 million in fossil fuel stocks, while Democrats and an independent who caucuses with the Democrats own up to $32.3 million. 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. These men and women have been active in their respective careers and communities. She also worked for the Central Intelligence Agency on biological warfare issues. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. The bulk of Obernolte's fortune stems from his ownership of FarSight Studios, a video-game company in Big Bear Lake, California, that he launched in 1988. She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. The 2020 financial disclosures are the most up-to-date financial documentation from Congress disclosures from 2021 are not required to be filed until mid-May. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. 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 BDG Media, Inc. All rights reserved. He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. 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. The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. Texas two U.S. senators are far down the list, with Ted Cruz clocking in at 332nd with a net worth of $200,000 and John Cornyn at 390th with a wealth value estimated at zero, with $500,000 in assets and $500,000 in liabilities. Scott did not list any liabilities or debts in his filings. You must have JavaScript enabled to use this form. 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. Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. In addition, she is married to Blum Capital president and chairman Richard Blum. 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. McCaul did not list any liabilities or debts in his financial disclosure. Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. 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. Meanwhile, his wife, Cynthia Malkin, has made millions of dollars from stocks, real estate, properties, and hedge funds. You\'ll receive the next newsletter in your inbox. 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'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. 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. Collins was recently stripped of his committee assignments after being indicted for insider trading. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. Sen. Dianne Feinstein, California, Democrat $96,518,036. Before joining the Senate, Mark Warner served as governor of Virginia. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). He is from American. in the general election held on November 6, 2018, McCaul won an eighth term in the House. That is the highest disclosure category. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. 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. 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. That trust generated more than $1 million in income last year. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. 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. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. By clicking Sign up, you agree to receive marketing emails from Insider Some who have paid the price in Dallas include former Texas Rangers and Dallas Stars owner Tom Hicks, who led the citys list in 2011. A member of the Republican Party, he served as Chairman of the House Committee on Homeland Security during 113th, 114th, and 115th Congresses. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. Scott holds this spot for a few reasons. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. . Kate Bedingfield, Bidens Translator, Leaves the White House. Linda Kasabian cause of death. He did this before he turned 40, which is when he turned his ambitions towards politics. 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). McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. Congress membersthey're just like us! McCaul also completed the Senior Executive Fellowship at the Kennedy School of Government of Harvard University. And a linguist named Emily M. Bender is very worried what will happen when we forget this. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. These five members' negative estimated wealth stemmed from high-priced mortgages: Editor's note: Rep. Frank Mrvan, a Democrat from Indiana, originally appeared among the 25 wealthiest members of Congress. Representative Polis, at 39, is the youngest of the ten wealthiest Congress members. They then sold it off for at least $2.5 million. . He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. 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. And a chatbot is not a human. Sen. Mitt Romney, Utah, Republican $85,269,083. 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. 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). McCaul is married to Linda Mays McCaul, the daughter of Clear Channel Communications chairman Lowry Mays and sister of its CEO Mark Mays. 2023 Vox Media, LLC. Three newer members of Congress Reps. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. Both of those businesses played a major part in his massive wealth. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. *Sorry, there was a problem signing you up. Michael McCaul (R-TX) Net Worth: $117.5 million. Residents become desensitized to the cost and water their lawns as they choose. Learn How rich is He in this year and how He spends money? Right-wing board to clamp down on woke ideology in cartoons. How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. 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. He has also reinvested a lot of his earnings and is married to Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. 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. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Several cities try to conserve water by creating mandatory watering schedules for residents. 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 . 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. Phillips held more than $250,000 worth of Apple stock, at least $50,000 worth of Facebook stock, and over $1 million in the SPDR S&P 500 Trust ETF. All Rights Reserved. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. Darrell Issa founded Directed Electronics, based in Vista, California. 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. The congressman served for 18 years in Congress before briefly leaving and becoming President Donald Trump's nominee to head the US Trade and Development Agency. She served as Speaker of the House for the first time from 2007 to 2011 and then was re-appointed in 2019. 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. 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. Hollingsworth Capital Partners, which renovates factories. He also served as the US ambassador to Switzerland and Liechtenstein under former President Barack Obama. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star State selling Dodge, Chrysler, and Jeep cars and trucks. 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. 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. 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. 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. Yet it may not be a loss for the left. 3696; 113th Congress), a bill that would amend the Homeland Security Act of 2002 to require the Secretary of the Department of Homeland Security (DHS) to conduct cybersecurity activities on behalf of the federal government and would codify the role of DHS in preventing and responding to cybersecurity incidents involving the Information Technology (IT) systems of federal civilian agencies and critical infrastructure in the United States. She attended the University of Miami (B.S.) 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. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. He joined Congress in 2021. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. Sen. Dianne Feinstein of California holds stake in Carlton hotels, according to Roll Call. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. In liabilities in the form of mortgages '' liabilities from his wife Cynthia, daughter of Channel... Means having a lush green lawn, too linda mccaul net worth 200 million polled 144,034 ( 46.8 percent ), he the... And Solantic Williams inherited and expanded the Fort Worth-area car dealership business his... Off for at least $ 5 million from PNC Bank and to receive email from... Worked for the Central Intelligence Agency on biological warfare issues who has a! News from north Texas and beyond of those businesses played a major part in his financial disclosure what will when!, birth signs and real ages has a Master & # x27 s! 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