Marjorie Taylor Greene has an estimated net worth of around $700,000. Maloney & Co. from 1981 until his death in 2009. 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. Maloney's assets include a townhouse in the Upper East Side, a six-unit rental property in Virginia Beach, and a partial stake in a rental property in Jamaica. He serves as chairman of the Senate Committee on Appropriations. Her income is estimated to be around $174,000 annually. Prior to his election as representative for the 11th District outside of Chicago, Rep. Bill Foster was a physicist who made his wealth by starting, with his brother Fred, Electronic Theatre Controls, which provides lighting for entertainment locations. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. Sen. Ron Johnson was first elected to the U.S. Senate in 2010. Warren received an advance of about $300,000 for her book "This Fight Is Our Fight," published in April 2017. That also makes it difficult to pin down exactly how much Pelosi's net worth has grown since she first became speaker in 2007, but she has been reported to be one of the wealthier members of Congress. Income from the taco restaurant where she tended bar and from her 2018 congressional campaign totaled $25,463. Percentage increase is not meaningful for this candidate as the initial average net worth is less than or equal to zero. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. Sen. Richard Blumenthal of Connecticut. The trusts contain a combination of mutual funds, stocks, and electronic funds. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. Sen. Sign up to get that here. Grandson of Robert F. Kennedy, Joseph Kennedy is the only member of the political dynasty to be currently serving on Capitol Hill. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. Prior to being elected to office, she made much of her wealth in the private sector. In lieu of an honoraria, they may designate an amount to be donated to charity. We estimated the net worth of members of Congress by analyzing financial-disclosure reports. However, what the study is missing is how much he was worth in 1982 compared to 2012. Rep. Susan W. Brooks is serving her fourth term in Congress. The top range for Senate spousal assets is listed as Over $1 million." 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. Williams also reported a stake in two aircraft-leasing companies. Thank you for supporting our journalism. Rep. Chellie Pingree's dramatic net worth increase is due to her marriage. 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. Net worth of United States Senators and Representatives, Former congressional members in the Executive Branch, Reports from the financial year before members entered congress are included when available, Apply for the Ballotpedia Fellows Program, Democratic Congressional Campaign Committee, National Republican Congressional Committee, Filing requirements for congressional candidates, Staff salaries of United States Senators and Representatives, Changes in Net Worth of U.S. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. Between 2004-2012, the average American household[41] saw an inflation-adjusted slight increase of assets from $204,957 in 2004[42] to $264,963 in 2012. Alexandria Ocasio-Cortez Emerges as a Political Star, 'Change Is Closer Than We Think.' Data on the net worth of members of Congress came from the 2018 Wealth of Congress report from CQ Roll Call, an intelligence and advocacy group based in Washington, D.C. Net worth figures are based on recent financial filings and are representative of the time that each House member or senator was beginning his or her term in the 115th Congress. He got his start in banking as a bookkeeper at First Western Bank & Trust in Minot, which was bought by his father. Ocasio-Cortezsstory of bartender-turned-congresswoman after upending an incumbent Democrat in a safely blue New York district is well documented. [5] This page is about changes in net worth of U.S. Shortly after graduating from college, he founded his own commercial building construction company, R.W. For example, Sen. John McCain, who has been in Congress since 1982, shows a total net worth decrease of -74.5 percent during the period of 2004-2012. Rosen worked for companies such as Citibank and Southwest Gas Company before she was elected to Congress. They obtained the data from personal financial disclosure data that each senator and representative is required to provide for public record. Note that the ethics law does not require filers to report property, including personal residences, that is not held for investment purposes and does not produce income. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. Ballotpedia features 408,463 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. He is worth an estimated $31.2 million. Net worth figures are by no means comprehensive or exact, as members of Congress are not required to report their principal residences or their contents (the largest assets for most Americans), and they report their financial assets and liabilities in broad ranges of value. Roger Marshall is in his second term as the congressman representing the 1st District of Kansas, which encompasses mostly the western part of the state. Today, Sensenbrenner's stock portfolio includes holdings in more than three dozen companies, including Pfizer, Apple, AT&T, and Verizon. He ran Sara Lee Corp.'s Asia unit and was an executive with Haggar Clothing and footwear company Reebok. The congressman owns an extensive array of real property, mutual funds, and several individual retirement accounts. McConnell was elected Senate majority leader by Republicans in 2014. In that case, a few very high numbers could, for instance, change the average, but they would not change the median. To ensure consistency among data sets, home equity was withheld in a similar fashion to primary residences not being counted as assets for congressional data. The New York Post estimated that the Pelosis had made between $5.6 million and $30.4 million between 2007 and 2020 through capital gains and dividends from investments in five tech companies - Facebook, Google, Amazon, Apple and Microsoft - based on public disclosures. Only lawmakers with an estimated net worth of more than $3 million are included on this list. While an analysis of financial disclosures by the Center for Responsive Politics last year found that the majority of members of Congress are millionaires, Ocasio-Cortez would not be one of them. Republican Rick Allen has represented Georgia's 12th District since taking office in 2015. This was an inflation-adjusted annual percentage change of 3.7 percent from 2004 to 2012. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. 5. Senators and Representatives during their time in office. How much are your senators and representatives worth? Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. In 1997 Gianforte founded RightNow Technologies, a cloud-based customer service program, which was bought for over $1 billion by Oracle Corp in 2012. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Please email us if you would like to suggest a revision. Some exceptions apply; for example, in the case of previously approved income and some book royalties and advances. Her investments in the stock market have also earned her substantial capital gains. Ballotpedia features 408,463 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. Rose submitted information for one liability: a monthly balance on his credit card amounting to at least $15,001. Rep. Liz Cheney's (R-WY) net worth ballooned from an estimated $7 million when she first took office in 2017 to possibly more than $44 million in 2020, according to analysis from the Center for Responsive Politics and her most recent financial disclosure forms. 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. He also invested in the digital entertainment company Real Networks, which streams media on the Internet. She has amassed her wealth through the business activities of her husband, Paul Pelosi. Jacobs listed one liability in her financial disclosure: a mortgage on a Washington, DC, property worth at least $500,000. Ocasio-Cortez reported assets of between $2,003 and $31,000 in her most recent financial disclosure, filed in September 2020, and student loan debt between $15,000 and $50,000. He owns and operates California real estate and venture capital investment and consulting firm Financial Leasing Services, whose holdings include a Napa Valley vineyard worth about $5 million. CNN . Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. For information on which members saw the highest change during their tenure, please see Ballotpedia's page on the Changes in Net Worth of U.S. Senators and Representatives (Personal Gain Index). Below, as part of Roll Call's Wealth of Congress analysis, we plotted the 115th Congress' minimum net worth on a vertical. 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. Feinstein herself has a $25 million plus stake in Carlton Hotel Properties. External Relations: Moira Delaney Hannah Nelson Caroline Presnell And much of Romney's fortune is in Goldman Sachs mutual funds. The average member saw his or her net worth increase by an average of 15.4 percent per year. For a direct comparison to each individual member's figures (as shown on his or her Ballotpedia profile), the yearly change will correspond with each member's average yearly change. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. For someone like Sen. Ted Cruz, however, his total net worth increase would be the same as his average yearly net worth increase, since the only available data is the increase between 2011 and 2012. Let us know via politics@newsweek.com. Pelosi's husband, Paul Pelosi, is a successful venture capitalist. When the members who lost money during this time period are removed from the calculation,[35] the growth in wealth among the "wealth gainers" stands out.
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congress net worth before and after office 2020