Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

McCaul Tops Richest In Congress List

WASHINGTON, Aug. 23 (UPI) — Rep. Michael McCaul, R-Texas, leads Roll Call’s annual survey of the richest members of Congress, with at least $294 million, bumping Sen. John Kerry, D-Mass.

Kerry became the third-richest member, with a minimum net worth of $193 million, Roll Call reported, while Rep. Darrell Issa, R-Calif., retained second place with $220 million.

Roll Call reviews annual financial disclosure reports of all members, adds the minimum value of all assets and deducts the total minimum value of all liabilities. But the Washington publication notes members are not required to disclose holdings such as their personal homes or federal retirement savings accounts.

McCaul, who placed fifth last year, has appeared on the list since his election to the House, with a net worth of about $12 million for the 2004 calendar year, and his wealth has soared since then. It nearly doubled from 2008 to 2009 and rose nearly 300 percent from 2009 to 2010.

Most of his wealth is actually held by his wife Linda, the daughter of Clear Channel Communications founder and Chief Executive Officer Lowry Mays, Roll Call said.

Kerry, who’s led or been near the top of the list for 15 years, derives much of his wealth from his wife Teresa, widow of the late Sen. John Heinz, R-Pa., heir of the ketchup fortune.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “McCaul Tops Richest In Congress List”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.