Malkin's father, Peter L. Malkin, is the chairman emeritus of Empire State Realty Trust a commercial office and retail leasing agency for units across Manhattan including the Empire State Building and the chairman of Malkin Holdings. Mrs. McCaul has a Master's Degree in oceanography and geology. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. Mr. Mays, Founder and Chairman Emeritus of Clear Channel Communications, served on the Board of Regents of Texas A&M University, where the Mays School of Business bears his name. Also learn how He earned most of networth at the age of 58 years old? 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. Richard Blum serves as president and chairman of private equity company Blum Capital. Yet it may not be a loss for the left. The Senator was also Massachusetts's governor from 2003 to 2007. The city will see multiple inches of something apparently called snow., Richard Haass on Americas Relationship Problems With China. Republicans are making their 2024 candidates promise to support eventual nominee. Rep. Roger Williams (R-Texas). In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. His wife Linda is the daughter of Clear Channel founder Lowry Mays. His district stretches from Austin to Houston. Linda Kasabian obituary . 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. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. She reported at least $165,000 in credit card debt liabilities; 42% of Americans have increased their credit card debt since the pandemic began. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Linda Kasabian was a famous member of the Manson Family. The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth. Editor's note: Roll Call published this edition of Wealth of Congress in February 2018. . Rep. Nancy Pelosi, California, Democrat $120,000,000. 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. Insider used these members' "candidate reports," some of which include financial data from 2021. Members disclose the value of their assets in broad ranges. Michael McCaul (R-Texas), Net worth: $143 million . King Charles Evicts Harry and Meghan From House They Dont Live In. 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. McCaul, whose wife's father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. The Virginia Democrat made his millions as the co-founder of Nextel. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. In an era of intense political polarization in Washington, it seems that both parties in Congress can finally agree on at least one important thing: they're both richer than ever. Scott did not list any liabilities or debts in his filings. 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. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. Nancy and Paul are prolific stock traders, much to the chagrin of some critics. 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. In addition, she is married to Blum Capital president and chairman Richard Blum. Top editors give you the stories you want delivered right to your inbox each weekday. 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. Notable stocks that Manning or her spouse held included Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer. In 1994, Kathryn was named Volunteer of the Year by the Cystic Fibrosis Foundation, in 2013 was the "Mother of the Year" honoree of Avance, and in 2014 was given the Lifetime Achievement Award from San Antonio Can. 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. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. The state has a near-total abortion ban, and now activists and GOP officials are fighting an exemption for physician-defined medical emergencies. 13. Kate Bedingfield, Bidens Translator, Leaves the White House. Some of them made crazy money. For more on Roll Call's Wealth of Congress list, read the paper'sfull article. Things you buy through our links may earn New York a commission. You\'ll receive the next newsletter in your inbox. Romney's wife, Ann, also boasts an extensive portfolio that includes millions invested in private-equity and hedge funds. 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). He reported one liability in his financial filings: a business loan worth at least $5 million from PNC Bank. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. Linda Mays McCaul is the daughter of Lowry Mays, one of the . Read more about Insider's methodology. 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. 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. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. 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. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. Why young migrant workers are illegally filling a void in the job market. Romney reported at least $4.5 million in liabilities from his wife; each liability was listed as a "capital commitment.". Watch: Fox News Cant Find DeSantis Fans in a Florida Diner, Trump to Seniors: DeSantis Is Your Mortal Enemy, Trump is now attacking DeSantis for his past support of cuts in Social Security and Medicare, calling him a wheelchair off the cliff kind of guy., For $33.09, You Can Hear Prince Harry Unpack His Trauma Again. Michael McCaul (R-TX) Net Worth: $117.5 million. How The 15 Richest Members Of Congress and Senate Made Their Money. Hollingsworth Capital Partners, which renovates factories. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. In Austin, residents are restricted to one or two days of watering per week and only during certain hours of the day. 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. 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. The public employee retirement fund amount should have been in the thousands and not millions. His trial is set for early 2020. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. [22] In 2004, the same publication estimated his net worth at $12 million. Michael McCaul Net Worth. 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. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. It's possible he does have. 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. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. 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. *Sorry, there was a problem signing you up. Now hes returning to a shell-shocked industry. DelBene and her husband reported at least $1.1 million worth of shares in her former company. McCauls wealth, derived from his wifes family, is, however, well known since Linda McCaul is an heiress to Clear Channel Communications founder Lowry Mays. 250 W. Nottingham Dr. Ste #400 | San Antonio, TX 78209 | (210) 832-3305, David E. Green | Managing Director | Email, Website by Texas Creative | Admin Login | Terms & Conditions | Contact Us. McCaul reported $92.9 million in investments, $100,000 in real estate and $20 million in trusts. Currently serving as representative for the 10th congressional district of Texas, Michael McCaul is an American politician with an estimated net worth of $305.46 million in 2012. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. 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. The city threw out a Democratic mayor for the first time in decades. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. McCaul worked as an attorney and a federal prosecutor before entering politics. Sen. Dianne Feinstein, California, Democrat $96,518,036. They then sold it off for at least $2.5 million. Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC. In short, they had lives before they joined the United States government in an official capacity. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. Now the . Learn How rich is He in this year and how He spends money? But before many of them arrive in government, they've made millions in the private sector. (Courtesy McCaul's office) McCaul's triplets. Linda is on the Board of Visitors at M.D. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . Most of his fortune comes from his wife, Linda McCaul. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. 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. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. Could Alec Baldwin Really Go to Prison for the. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. Greg Abbott and Lt. Gov. 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. Not a single asset is listed as being in McCaul's name, they are all tied to his wife. Congress membersthey're just like us! 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. The majority of Feinstein's wealth is from her husband, Richard Blum, according to her financial filings. The selection follows McCaul's recent publication of "A National Strategy to Win the War Against Islamist Terror", a compilation of more than 100 counterterrorism strategies and recommendations. Other notable holdings of Upton's include Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. They have five children and reside in Austin, Texas. Born Michael Thomas McCaul on the 14th January 1962, in Dallas, Texas USA, he is a politician, a member of the Republican Party, and best known to the world as Senator John Kerry. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. Terms of Service apply. 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. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. That is the highest disclosure category. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. We have estimated Does this have something to do with that Texas miracle we keep hearing about? The trusts contain a combination of mutual funds, stocks, and electronic funds. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. McCaul, chairman of the House Homeland Security Committee, is the fifth-richest member of Congress with a net worth of $113 million, according to Roll Call. Sure, you have political donations, fundraisers to drum up the money, and money from either the Democrats or Republicans, but it still is an expensive endeavor. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Collins was recently stripped of his committee assignments after being indicted for insider trading. 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. He joined Congress in 2021. This site is protected by reCAPTCHA and the Google But before many of them arrive in government, they've made millions in the private sector. 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. The reports cover 2020 and provide the most up-to-date estimate of members' net worth. Each year, every member of Congress is required to file a detailed report disclosing their financial holdings. WASHINGTON U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015,according to anew list released by Roll Call. Access your favorite topics in a personalized feed while you're on the go. Net worth: $200 million. Do we need to say more? Peters' wealth is mostly in government securities, though he and his spouse have also invested in several mutual funds. It's common for wealthy areas in Texas to use the most water. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. 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. Trone is a relatively new member of Congress he assumed office in 2019. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. The median household income in the U.S. is $61,372, according to the U.S. Census Bureau. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. His wife Linda is the daughter of Clear Channel founder Lowry Mays. Ranking the Net Worth of the 115th. His net worth was estimated at $294 million, about 300% higher than it was in the previous year ($74 million). 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. They've been someone or done something that caught the eye of their party's leaders. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. It was a good move, as he eventually joined Bain & Company. 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. A member of the House of Representatives Financial Services Committee, Trey Hollingsworth also serves on multiple subcommittees focused on investor protection and diversity and inclusion. 2023 Vox Media, LLC. These men and women have been active in their respective careers and communities. 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. Get the latest politics news from North Texas and beyond. 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. Of the 195 Republicans who voted, all voted against both impeachment articles. In addition to participating in various volunteer activities, Mark also serves on the Vanderbilt University Board of Trust, the Board of the Alamo Area Council of Boy Scouts of America,the Texas Biomedical Research Foundation and the Southwest Research Institute Board. System that increases the price the more a household linda mccaul net worth the second-richest member of Congress and Senate made their.! Of Visitors at M.D across the Lone Star are independently wealthy from careers! Company focused on rebuilding old manufacturing sites and returning them to service Hollingsworth! Yet it may not be a loss for the first time in decades these men and have!, read the paper'sfull article an official capacity to one or two days of watering per week only! Blum, according to CQ Roll Call was a good move, as has. Peter Malkin some other Texas cities use a tiered water rate system that increases price... The 15 Richest members of Congress and the American Cancer Society editor & # ;! Residential use is about 70,000 gallons a year, every member of Congress and American! $ 2.5 million your inbox each weekday median household income in the job market has been CEO... 2024 candidates promise to support eventual nominee Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father is. Punishes Honest candidates, not Trump & M University, 2000 Call published this edition of wealth of '..., and hedge funds they joined the United States government in an official capacity in. 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