All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Access your favorite topics in a personalized feed while you're on the go. Why young migrant workers are illegally filling a void in the job market. Republican Michael McCaul is one of only a handful of legislators on Capitol Hill with an estimated net worth of over $100 million. His net worth is also buoyed by the enormous success of his wife, Lynn Gorguze, who heads a private equity firm, Cameron Holdings. Rep. Michael McCaul, R-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 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. 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. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. Born in San Antonio, Texas, Mark and his wife Patti have six children. 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. 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. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. It was a good move, as he eventually joined Bain & Company. He ran for the U.S. House of Representatives in 2004 and won a crowded Republican primary in the newly-created 10th District. Doggetts wealth struck Roll Call as unusual given that hes been a public servant most of his career, serving in the Legislature and on the Texas Supreme Court before being elected to Congress in 1994. 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. Insider used these members' "candidate reports," some of which include financial data from 2021. The House Oversight and Government Reform Committee chairman tops the list, thanks to the fortune he amassed manufacturing car alarms. Lynn Gorguze, the president and CEO of Cameron Holdings, a private equity firm. 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. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. . Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. Linda Mays McCaul is the daughter of Lowry Mays, one of the founders of iHeartRadio. Mr. Mays currently serves as Co-Managing Partner of Mays Family Enterprises and CEO of Running M Capital. 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. McCaul won re-election again in 2008, against Democratic candidate Larry Joe Doherty and Libertarian candidate Matt Finkel by a 54 to 43 percent margin. Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. Rep. Nancy Pelosi, California, Democrat $120,000,000. Highland Park, Austin and some other Texas cities use a tiered water rate system that increases the price the more a household uses. Trump made the same pledge in 2016, then said he wouldnt honor it. Among his liabilities are a plane and a yacht; in total, he's liable for $14 million. This email will be used to sign into all New York sites. Most of his fortune comes from his wife, Linda McCaul. U.S. Blake Farenthold, R-Corpus Christi, ranked 121st with a net worth of $2.4 million. Privacy Policy and Read more about Insider's methodology. As Elon Musk tweets in defense of the Dilbert guy, the companys head count continues to shrink, and not even loyalists are safe. Even as the economy sputtered in 2010, Texas congressman Michael McCaul saw his net worth skyrocket to $292.21 million 300 percent over where it stood in 2009 vaulting him to the top of Roll Calls annual list of the wealthiest members of Congress. She reported at least $165,000 in liabilities in the form of credit-card debt through various banks. With 157,166 votes (51.1 percent), he defeated Democrat Mike Siegel, who polled 144,034 (46.8 percent). Net Worth: $258-$380 million Residence: United States Position: Member, House of Representatives McCaul is a fourth generation Texan from Dallas. She also received a transfer of assets from her father, Mark Warner, who is the chairman of the House Homeland Security Committee. 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. Peters reported two liabilities worth at least $30,000 in total, for "revolving credit.". . 2023 Celebrity Net Worth / All Rights Reserved. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. 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. That trust generated more than $1 million in income last year. Before joining Congress, DelBene was an executive at Microsoft. And a chatbot is not a human. The public employee retirement fund amount should have been in the thousands and not millions. Dallas residents are allowed to watertheir lawns twice per week, with the day depending on the digits of their address. The bulk of Romney's wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO. by Abby Livingston 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. His biggest investments are in Vanguard funds. In 2017, he received the inaugural Peggy and Lowry Mays Impact Award from the Mays Business School. Warner's wealth is divvied up among mutual funds, private-equity funds, and hedge funds. He did this before he turned 40, which is when he turned his ambitions towards politics. Malkin is the daughter of real estate mogul Peter Malkin. Other notable stocks owned by Jacobs includes more than $100,000 invested in stocks of Apple, Microsoft, and Mastercard. Most of his fortune comes from his. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. Roger Williams $27.7 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 his children. *Sorry, there was a problem signing you up. Brianna Stone is the Austin bureau fellow reporting on Texas politics and government. 1 consumer of household water in the city for 2017. Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. On Thursday, the Center for Responsive Politics released the 2012 personal finances of the members of Congress, revealing that for the first time, a majority of Washington lawmakers are millionaires. The West Virginia Senator is the great-grandson of theoil tycoon John D. Rockefeller. Top editors give you the stories you want delivered right to your inbox each weekday. She is a newcomer to Congress, joining the ranks in 2021. Scott holds this spot for a few reasons. Brianna Stone. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). 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. King Charles Evicts Harry and Meghan From House They Dont Live In. Designed for transparency, the disclosures provide insight into each member of Congress' wealth and assets and occasionally reveal potential conflicts of interest and violations of federal law. Upton also reported having at least $1 million in Pepsi stock. Each year, Roll Call's reporters scour each member's financial disclosure forms to determine the "Wealth of Congress.". Michael McCaul (Michael Thomas McCaul) was born on 14 January, 1962 in American, is an American politician. 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. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. 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. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. Senator John Kerry (D-MA). Rep. Trey Hollingsworth, Indiana, Republican $74,629,062. 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. Feinstein listed three liabilities, each of which belonged to her husband, for a combined amount of at least $3 million. 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. Alamu Tosin February 28, 2023. He joined Congress in 2021. He appears to have made profitable investments in the states oil and gas industry that grew during his time on the state Supreme Court. For starters, he doesn't have any liabilities to report. 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. 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. McCaul, whose wife's father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. Blumenthal's fortune is held almost entirely by his wife, Cynthia Malkin, with millions of dollars reported in various hedge funds, stocks, and real estate and property partnerships. So, how much is Michael McCaul worth at the age of 60 years old? She attended the University of Miami (B.S.) Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. How he got there: Doggett's wealth is tied up in Travis County rental properties, retirement income from his Texas Legislature tenure and assets wrapped up in stocks and mutual funds. The Washington Democrat and her husband both worked as executives at Microsoft. Pelosi's husband had holdings in corporations such as Slack, Tesla, Disney, Visa, Salesforce, PayPal, Alphabet, Facebook, and Netflix companies that together spend tens of millions of dollars each year lobbying the federal government. City to Pay Millions to Protesters Kettled by NYPD in 2020. For starters, he doesn't have any liabilities to report. He married into it. Terms of Service apply. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. The trusts contain a combination of mutual funds, stocks, and electronic funds. Matsui also might be the most relatable person on this list. as well as other partner offers and accept our, Alex Wong/Getty Images; Kevin Dietsch/Getty Images; Bill Clark/CQ Roll Call; Hannah McKay-Pool/Getty Images; Rebecca Zisser/Insider, Chance Yeh/Getty Images for Power 100 Lunch, Bill Clark/CQ-Roll Call, Inc via Getty Images), Bill Clark/CQ-Roll Call, Inc via Getty Images, Tom Williams/CQ-Roll Call, Inc via Getty Images, Michael Brochstein/SOPA Images/LightRocket via Getty Images, Kent Nishimura / Los Angeles Times via Getty Images, Anna Moneymaker/The New York Times via AP, Pool, placed his assets in a qualified blind trust, acknowledged filing an incorrect personal financial disclosure. Norman also reported four liabilities worth a total of at least $2 million, each in connection to his property investments. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth. Michael McCaul's net worth You\'ll receive the next newsletter in your inbox. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. 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. Collins was recently stripped of his committee assignments after being indicted for insider trading. After graduating from the University of Pennsylvania, Hollingsworth co-founded Hollingsworth Capital Partners alongside his father. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. Rep. Michael McCaul, Texas, Republican $125,880,292. 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 . He worked at Clear Channel Communications from 1989-2013 where he had various positions including Chairman/CEO. 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. But before many of them arrive in government, they've made millions in the private sector. U.S. Rep. Bill Flores, R-Bryan, ranked 105th with a net worth of $2.8 million. RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. He rejoined Congress in 2021. This password will be used to sign into all, How the Richest Member of Congress Got That Way. 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. Congress membersthey're just like us! and Texas A&M University (M.S.). Could Alec Baldwin Really Go to Prison for the. The McCaul family notably reported millions in limited liability companies and iShares funds, and at least $250,000 worth of Netflix stock. About Michael Thomas McCaul, Sr. As a result, the figures are rough estimates of a members net worth. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star State selling Dodge, Chrysler, and Jeep cars and trucks. The company focused on rebuilding old manufacturing sites and returning them to service; Hollingsworth also founded an aluminum remanufacturing company. Michael McCaul (R-Texas), Net worth: $143 million . Insider's calculations are conservative estimates based on the minimum values disclosed by members. 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. They've been someone or done something that caught the eye of their party's leaders. The city threw out a Democratic mayor for the first time in decades. 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. Linda Kasabian Death news has been trending on social media as she played a crucial role in the Charles Manson case. Kasabian passed away on January 21 at a hospital in Tacoma, according to a death certificate, obtained by TMZ. Rep. Ro Khanna of California's wealth comes via his wife, Ritu, who is worth millions from her father's investment firm, Mura Holdings. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. McCaul said that the bill was "an important step toward addressing the cyber threat." The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. Were beginning to see a patternhere. During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. 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. Buchanan may have the authority to write American tax policy in coming years, as the congressman is likely to become the leading GOP member of the Ways and Means Committee after Rep. Devin Nunes announced his resignation to become the CEO of a new social media company founded by former President Donald Trump. The sport desperately needs to change, no matter how loudly purists complain. Hern's wealth is split between trusts and IRAs belonging to him and his immediate family. 5. Trone is a relatively new member of Congress he assumed office in 2019. (Courtesy McCaul's office) McCaul's triplets. His wife Linda is the daughter of Clear Channel founder Lowry Mays. Elected in 2004 to represent Texas' 10th district, Michael McCaul is wrapping up his ninth term . Linda Kasabian net worth . The congressional money list is in and Texas can once again claim some high rollers, or at least high earners, with the wealthiest members of Congress from the Lone Star State topped by three Austin members: Michael McCaul, Roger Williams and Lloyd Doggett. Its our 10th year participating in Amplify, and to celebrate, weve got $15,000 in matching funds from four generous Tribune supporters. Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. Issa took over one of those businesses, car alarm company Steal Stopper, and significantly grew its revenues. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. 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. Mr. Mays is Principal of Rocking M Capital andMays Family Enterprises. Scott holds this spot for a few reasons. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. Due to this influx of spousal wealth, McCaul unseated last years richest member of Congress, John Kerry the John Kerry married to Teresa Heinz Kerry of the ketchup fortune. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. Can you guess whats total rubbish and whats something an honest-to-God prince wrote in an actual book? Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. In Austin, average residential use is about 70,000 gallons a year, the Statesman reported. Feinstein has at least $1 million in one account, while another blind trust holds at least $25 million. 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. Of the 195 Republicans who voted, all voted against both impeachment articles. Prosecutors gave their closing arguments on Wednesday after jurors visited the scene of the crime. 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). How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. You can't say that every member of Congress is worth seven figures, but the overwhelming majority are definitely multi-millionaires. 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( Courtesy McCaul & # x27 ; 10th District McCaul family notably reported millions in the form of credit-card through... Their fortunes by trillions of dollars McCaul worth at least $ 14 million linda mccaul net worth... Sen. Mark Warner, who polled 144,034 ( 46.8 percent ), net worth: $ million. Punishes Honest Candidates, not trump scene of the largest owner of radio stations in the States oil gas... Read more about insider & # x27 ; s office ) McCaul & # x27 s. Mays Business School was a good move, as he eventually joined Bain & company B.S. ) filling! More about insider & # x27 ; s office ) McCaul & x27...