Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. 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. In addition, she is married to Blum Capital president and chairman Richard Blum. 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. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . print date('Y'); ?> Mays Family Foundation. 2023 www.statesman.com. These men and women have been active in their respective careers and communities. 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. Things you buy through our links may earn New York a commission. How did McCaul make his money? 1 consumer of household water in the city for 2017. Notable stocks held by Hern and his family included more than $250,000 worth of Amazon, at least $100,000 worth of Alphabet, and more than $530,000 worth of Microsoft. Michael Thomas McCaul was born on January 14, 1962 in Dallas, Texas. 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. Most of his fortune comes from his. Issa listed one liability: a margin account holding him liable for over $50 million. 2023 BDG Media, Inc. All rights reserved. So, how much is Michael McCaul worth at the age of 60 years old? He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. His mom, Laura, is an American professional golfer who . 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 clicking Sign up, you agree to receive marketing emails from Insider member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. 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. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. 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. He also has real estate holdings. In short, they had lives before they joined the United States government in an official capacity. 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. 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. Why young migrant workers are illegally filling a void in the job market. 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). Congressman Michael McCaul visits the Texas Capitol for meetings with Gov. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. Now hes returning to a shell-shocked industry. He currently serves on the Mays Business School Dean's Advisory Board. 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. 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. Rep. Michael McCaul, Texas, Republican $125,880,292. And a chatbot is not a human. 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. 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. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. His financial filings indicated that each of Issa's assets is jointly owned. All Rights Reserved. You\'ll receive the next newsletter in your inbox. Richard Blumenthal owes much of his wealth to his family. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". Romney also reported $4.5 million in "capital commitment" liabilities from his wife. People are willing to pay the price, he said. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. 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. Now the largest owner of radio stations in the country, it has become iHeartCommunications since the Mays family sold much of its stake in a leveraged buyout a decade ago, said the Roll Call report. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. Linda Kasabian cause of death. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. 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. 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. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. 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. 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. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. 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 . He did this before he turned 40, which is when he turned his ambitions towards politics. McCaul's minimum net worth has more than sextupled since his first financial disclosure report covering 2004, when his minimum net worth hovered around $12 million. 5. 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. He is joined in the top 50 by fellow Texas CongressmenRoger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. Michael McCaul Net worth Growth. by Abby Livingston Here are the richest members currently serving in the House and Senate, based on their reported net worth. McCaul did not list any liabilities or debts in his financial disclosure. 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. 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. She's gained wealth through her husband Roger Sant, who's the founder of Fortune 500 holding company AES Corporation. Alamu Tosin February 28, 2023. She is married to Congressman Michael McCaul, who is serving his 6th term in the U.S. Congress and is Chairman of the Homeland Security Committee. The Key Moments From Alex Murdaughs Testimony and Murder Trial. 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. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. As a result, McCaul's reported net worth jumped from at least $73.75 million in 2009 to at least $294 million in 2010, according to Roll Call's prior assessments. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. Could Alec Baldwin Really Go to Prison for the. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). For starters, he doesn't have any liabilities to report. #536 U.S. Rep. Ruben Hinojosa, D-Edinburg. Beyer reported at least $8.6 million in liabilities, almost all of which were mortgages on various properties he owned. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. It was a good move, as he eventually joined Bain & Company. That trust generated more than $1 million in income last year. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. The city threw out a Democratic mayor for the first time in decades. Austin RepublicanMichael McCaul, one of the wealthiest members of Congress, used more city water than any other resident last year, according to the Austin American-Statesman. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. As a result, the figures are rough estimates of a members net worth. 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. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. Trone is a relatively new member of Congress he assumed office in 2019. Serving in the job market concentrated in a few blind trusts poured more than $ 1 in. 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