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. At 60 years old, Michael McCaul height not available right now. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. 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. Michael McCaul (R-Texas), Net worth: $143 million . View popular celebrities life details, birth signs and real ages. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. Jay is an heir to oil tycoon John D. Rockefeller. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Other Central Texas lawmakers were ranked well below McCaul, Williams and Doggett: U.S. Rep. Lamar Smith, R-San Antonio, ranked 96th with $3 million net worth. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. Born in San Antonio, Texas, Mark and his wife Patti have six children. The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. The majority of Rep. McCaul's wealth comes from his wife, Linda McCaul, who is the daughter of Lowry Mays, the CEO and founder of Clear Channel Communications. Michael McCaul also doesn't have any liabilities or debts in his financial disclosure, but a large portion of his wealth comes from his wife. 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. 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. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. 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. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. McCaul's net worth increased from $20.9 million to $26.7 million in two years. He has significant holdings through Blum Capital Partners, including the Carlton Hotel chain, Al Gore's Current Media, and OZ Fitness. Sen. Richard Blumenthal, Connecticut, Democrat $85,231,232. Blumenthal's only liability listed in his financial filings was a 30-year mortgage on his home that his wife took out in 2011. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. The U.S. Is Choosing Child Labor Over More Immigration. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). For starters, he doesn't have any liabilities to report. He graduated from Jesuit College Preparatory School of Dallas and earned a Bachelor of Arts in history from San Antonio's Trinity University in 1984 and his Juris Doctor from St. Mary's University three years later. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. 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. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. Obernolte, who joined Congress in 2019, also reported several investments worth millions in Vanguard tax-managed mutual funds. McCaul won a seventh term in the House in the general election held on November 8, 2016. 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. Members of Congress come from a wide range of backgrounds from local politics to business and entrepreneurship to professional sports and their fortunes vary greatly. She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. 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. Insider removed him from the list when Mrvan acknowledged filing an incorrect personal financial disclosure that erroneously inflated the value of a retirement account by tens of millions of dollars. She helped the Army obtain environmental permits to destroy the chemical weapons stockpiled in the U.S.Linda is the daughter of Peggy and Lowry Mays. King Charles Evicts Harry and Meghan From House They Dont Live In. Members of Congress earn a salary of $174,000, which is well over twice the national average household income. Terms of Service apply. One of Norman's IRA's is worth at least $5 million. The chair of the Senate Intelligence Committee is married to private equity magnate, Richard Blum. 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. member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. Troy Carter, Melanie Stansbury, and Jake Ellzey have not filed their official financial-disclosure reports. 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. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. He left for a short period of time when Donald Trump nominated him to head the U.S. Trade and Development Agency before returning to Congress last year. At one point Clear Channel owned over 1,200 Radio Stations, over 600,000 outdoor advertising displays, and various Television Stations and Live Event venues which operated in 65 countries and generated over $8 Billion in Revenue. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. After he left, McCaul took a position as a Deputy Attorney General in 1999 with the Texas Attorney General's Office and served in this capacity until 2002. Linda also serves on the Austin Greater Crime Commission Board and the Texas Department of Public Safety Foundation Board. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. Linda has many family members and associates who include Lowry Mays, Caroline Mccaul, Catherine Mccaul, Sharon Mays and Margot Mays. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. Those bonds could be worth hundreds of millions of dollars EACH for all we know. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. McCaul, whose wife's father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. All rights reserved. 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. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. 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. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s. Greg Abbott and Lt. Gov. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. People are willing to pay the price, he said. Most of the fortune comes from his wife, Linda McCaul, the daughter . Rep. Lucille Roybal-Allard, a Democrat from California: -$1,008,000, Rep. Steven Horsford, a Democrat from Nevada: -$1,047,992, Sen. Cynthia Lummis, a Republican from Wyoming: -$1,401,991, Sen. Tammy Duckworth, a Democrat from Illinois: -$1,877,936, Rep. August Pfluger, a Republican from Texas: -$2,000,002. 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. Buchanan recently came under fire for purchasing a yacht estimated to be valued between $1-5 million dollars the same day he voted for the Republican tax cuts bill in 2017. Read More Marianna Palka Early Life, Net-Worth, Career & Relationships. Republican Rep. Vern Buchanan of Florida is a highly successful auto-dealer across the southeastern United States. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. Armie Hammer Biography- Wife, Batman & Net Worth. Most of his fortune comes from his wife, Linda McCaul. Dan Patrick on border security on Feb. 18, 2015. 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. It was a good move, as he eventually joined Bain & Company. A large portion of Dianne Feinstein's wealth comes from her husband. Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. Rep. Don Beyer of Virginia is a major auto dealer in the Washington, DC area. Michael is the son of James Addington McCaul, Jr. and his wife Frances Jane. 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. Congressman Jon Delaney is a self-made financier who founded HealthCare Financial Partners in 1993 and later CapitalSource of Chevy Chase, Md. The congresswoman reported two liabilities owned by her spouse: lines of credit amounting to more than $1.5 million. 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. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. 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. The company, now called iHeartMedia, is a $6.3 . Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. 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. Cynthia Malkin. Williams, a former Texas secretary of state, made his fortune from a Weatherford car dealership inherited from his father. Obernolte did not report any liabilities or debts. 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. 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. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. Net Worth: $108 million 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. McCaul is also a big fan of Netflixthe family has more than $250,000 invested in the company's stock. McCaul, who represents Texas's 5th District, amassed much of his wealth through his marriage to Linda McCaul, whose father founded Clear Channel Communications. 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. Linda Mays McCaul is the daughter of Lowry Mays, one of the . Anderson Cancer Center, where she chairs the Advisory Committee for the Children's Cancer Hospital. DelBene and her husband reported at least $1.1 million worth of shares in her former company. In 2010, he received the Sterling Evans Medal Award, Texas A&M University. How The 15 Richest Members Of Congress and Senate Made Their Money. Rep. Michael McCaul, R-Texas. Privacy Policy and Scott holds this spot for a few reasons. 6.Sen. [22] In 2004, the same publication estimated his net worth at $12 million. By Kira December 27, 2020 April 8, 2021. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. Of the 195 Republicans who voted, all voted against both impeachment articles. That trust generated more than $1 million in income last year. As of 2018 he was the fifth-wealthiest member of Congress. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. Senator John Kerry. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . Members disclose the value of their assets in broad ranges. Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. Rep. Suzan DelBene of Washington and her husband have both held high-level positions at Microsoft, one of the largest corporations in the world. 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. Rep. Nancy Pelosi, California, Democrat $120,000,000. Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. He also received an M.B.A. in Finance and Accounting from Columbia University in 1989. Hern joined the House of Representatives in 2018. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. Roger Williams $27.7 million. 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. Sen. Rick Scott (Anna Moneymaker/Getty Images), Rep. Vern Buchanan, Florida, Republican $113,384,088. Khanna's father-in-law, Monte Ahuja, is also founder and CEO of the automotive transmission giant Transtar, another contributor to Rep. Khanna's substantial 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. They've been someone or done something that caught the eye of their party's leaders. 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. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. Now hes returning to a shell-shocked industry. She is also a member of the U.S. Congressional Club. 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. The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. Three newer members of Congress Reps. The sport desperately needs to change, no matter how loudly purists complain. 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. 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. and Texas A&M University (M.S.). Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. 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