congress net worth before and after office 2020

Rep. Denny Heck is in his fourth term serving the 10th District of Washington state, which includes the state capital of Olympia. Allen's net worth of $11.7 million is largely self-made. Insider's calculations are conservative estimates based on the minimum values disclosed by members. 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. Fact check:Viral posts make false claims about Friday the 13th, the next full moon. 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. He serves as chairman of the Senate Committee on Appropriations. Earning an annual salary of roughly $174,000 certainly contributes toward their wealth, but many of these lawmakers were rich to being with. Manhattan Construction Group's lucrative contracts have included both Bush presidential libraries as well as the new Dallas Cowboys stadium. 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. Or from the year the incumbent was first elected, if that year was after 2004. She is a newcomer to Congress, joining the ranks in 2021. OpenSecrets.org (The Center for Responsive Politics), a self-proclaimed "nonpartisan guide to money's influence on U.S. elections and public policy," tracks the financial information, and posts it publicly under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. lived paycheck to paycheck, according to Time. 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. Gianforte amassed his fortune after founding a software company in the mid 1980s, which he eventually sold to McAfee Associates. Census figures were unavailable for the raw, excluding home equity figure -- this figure is an estimate calculated by applying the 2005 ratio of net worth excluding home equity to the net worth figure available for 2004 (which included home equity). Rep. Kenny Marchant of Texas is serving his eighth term in the House of Representatives. Worth an estimated $58.5 million, California Sen. Diane Feinstein is by far the wealthiest woman on Capitol Hill. We rate the claim that Rep. Alexandria Ocasio-Cortez has racked up more than $1 million in net worth as a member of Congress FALSE, based on our research. OpenSecrets combines all assets and liability to form a total potential range of values, and then provides an average value as the best guess of each individual's net worth. The latest batch of numbers shows that the 113th Congress had a median net worth of $1,008,767. Rep. Lisa Blunt Rochester of Delaware. OpenSecrets.org gathers this information to build a range of potential values. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. [5] This page is about changes in net worth of U.S. In total, the study looks at 320 Republicans, 296 Democrats and two Independents. The former for-profit college executive's average net worth skyrocketed from $101 million to nearly $180 million. Rep. Nancy Pelosi, the Speaker of the House, represents California's 12th District, which includes San Francisco. Below, as part of Roll Call's Wealth of Congress analysis, we plotted the 115th Congress' minimum net worth on a vertical. Estimated wealth is at least $100 million in 2012 dollars, for all the people listed here. 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. He also sat on the state Supreme Court and maintained a successful corporate law practice. Today, Kelly and his wife's financial filings include profits from the dealership and over 200 stocks, bonds, and mutual funds. Rep. Arkansas Republican French Hill is a three-term congressman who has served the state's 2nd District, in the central part of the state, since 2015. The 2012 figure will be updated when available. U.S. House of Representatives, accessed March 9. Congressional net worth figures are a relatively small data set,[38] so Ballotpedia used average percentage changes throughout the study (adjusted as needed for outliers)[39] to best illustrate the average growth of wealth of members of Congress. In keeping with the method of calculating congressional net worth, home equity was withheld from the figure. subscribe to our print edition, ad-free app or electronic newspaper replica here. Warren and her husband Bruce, also a law professor at Harvard, have homes in Cambridge, Massachusetts, and in Washington, D.C. Sen. Chris Coons is in his first full term as senator from Delaware after defeating Tea Party candidate Christine O'Donnell by almost 17 points in a special election. The data outlined on this page comes from OpenSecrets.org. 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. Rob Portman's family founded and expanded a material-handling distributor. He. 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. Wyden's wife, Nancy Wyden, owns the famous Strand Bookstore in New York City. During the defense's cross-examination of E. Jean Carroll, Trump's attorney asked the writer why she "did not scream" when she was "supposedly raped.". McCaul is thought to be the second-richest person in Congress, though none of the assets or holdings reported in his 65-page financial disclosure were his alone, belonging to his wife or dependent children. Pelosi's net worth in 2021 was estimated to be as much as $171.4 million in an October report by The Washington Free Beacon, a conservative news outlet that arrived at that figure "by taking into account the ranges of all the individual assets and liabilities" in Pelosi's financial disclosure statement. The 2004 figure was adjusted for inflation to 2012 dollars. The figures reflect the. Entrepreneurship. As illustrated in the "Top 100" chart above, the average yearly percentage gain was found by dividing each member's total net worth growth percentage by the number of years included in the calculation. Pingree and her husband, Charlie, operated a small farm for several years. Scott did not list any liabilities or debts in his filings. U.S. Speaker of the House Nancy Pelosi (D-CA) delivers remarks from the House Chambers of the U.S. Capitol Building on November 17, 2022 in Washington, DC. Obernolte did not report any liabilities or debts. Her estimated net worth has increased significantly since 2008 thanks in large part to the success of her husband, Paul Pelosi, who is a venture capitalist and property investor. All other content, including data analysis of net worth change, is posted under Ballotpedia's standard content license. Click here to contact our editorial staff, and click here to report an error. Note: Report numbers may reflect incoming and outgoing members of congress. [21], This chart shows the average yearly percentage change in net worth of the 100 congressional incumbents whose calculated net worth[22] divided by the number of years studied was the highest.[23]. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics. Ami Bera is serving his fourth term as representative of California's 7th District, which covers the state capital of Sacramento. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. The only assets that Pelosi reported owning or joint-owning were her home in Napa, California, and a Wells Fargo bank account containing less than $15,000. 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. Sen. Lamar Alexander of Tennessee, serving his third term as senator, is the 15th-highest ranking Republican senator in the Senate. Travel and travel-related reimbursements from a single source, valued at more than $305 in aggregate for the year and connected to official business and the source, dates, and purpose of the travel and itinerary. He rejoined Congress in 2021. In this study, we look at changes in net worth during an incumbent's time in office. Pelosi previously opposed such a ban, but later came out publicly in support of it. will hold that position until the end of the present Congress. At the start of his 2020 presidential campaign Biden released his financial information disclosures as well as state and federal tax returns for 2016, 2017, and 2018 and based on those forms,. The Personal Gain Index is a two-part study that examines the extent to which members of the U.S. Congress have individually prospered during their tenure as public servants. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. This figure represents the total percentage growth from either 2004 (if the member entered office in 2004 or earlier) or his or her first year in office (as noted in the chart below). Because many members have been in office for longer than the eight years this study illustrates, the real change in net worth each member sees after initially taking office may be higher than the numbers in this data. Tech: Matt Latourelle Ryan Burch Kirsten Corrao Beth Dellea Travis Eden Tate Kamish Margaret Kearney Eric Lotto Joseph Sanchez. How much are your senators and representatives worth? Sen. Elizabeth Warren of Massachusetts. The Ohio legislator was elected to the Senate eight years ago after serving in the house from 1993 to 2015. Thank you for supporting our journalism. Prior to his first term, the Johnson campaign announced that he had liquidated all of his stocks, bonds, and mutual funds to avoid any conflict of interests. Rep. Nita M. Lowey has served in Congress since 1989, and currently represents New York's 17th District located in southern New York State, just north of New York City. Now married to another Microsoft executive, she is worth an estimated $28.4 million. The center's data for 2016 shows the members' financial data in three categories: minimum net worth, average and maximum net worth. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. Williams' wealth comes from multiple auto car dealerships in northern Texas and some valuable real estate. The work paid $17,000 a year, or about $130,000 in today's dollars. Sen. Michael Bennet first became senator in 2009 to fill the vacancy created by the resignation of Kenneth Salazar. The Census Bureau, the source of the average citizen data, breaks down net worth into wealth categories. The tables and graphs on this page show some of the highlights of the study. Upton's fortune mainly derives from an appliance company that his grandfather founded, Whirlpool, which the congressman reported holding at least $1 million of stock in. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. This allows us to: For more detailed information on the actual net worth of members of Congress, rather than the growth of their net worth, please see: Net worth of United States Senators and Representatives. Researchers used data provided by OpenSecrets.org to calculate the change in net worth of each congressional incumbent from either 2004 or the year he or she was first elected, if that year was after 2004.[6]. 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. Much of his $27 million fortune came from a career as an economist and intellectual property lawyer. Congressional financial disclosure forms use value ranges, rather than precise amounts, when reporting assets and liabilities. Sixteen . In a Trumpian move, he rented out a cottage on his Wilmington property for $26,400 a year, reportedly leasing it to the U.S. Secret Service in charge of protecting him. In 1982, after serving for five years as a U.S. Attorney for Connecticut, Blumenthal married Cynthia Malkin, daughter of Manhattan real estate mogul Peter Malkin. Student volunteers wanted! Today, though all congressional representatives earn salaries, not much else has changed. Newsweek has asked Pelosi's office for comment. 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. Outside, earned income that exceeds $200 must be reported. 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. That data, currently available for the years 2004 to 2010, is listed in part below in the section Individual data. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. The majority of Risch's $15.6 million net worth is tied up in real estate.

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