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Last updated September 13, 2013

50 Richest Members of Congress

Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club. The wealthiest lawmakers with breakdowns of their assets and liabilities is found below.


1.Rep. Darrell Issa R-Calif.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #1 $355.38M $430.38M $75.00M
Previous year #3 $140.55M $315.55M $175.00M
Change +2 152.8% 36.4% -57.1%

Issa had a very, very good year. The longtime denizen of the 50 Richest list finally reached the No. 1 spot after making about $135 million in 2012, mostly from investments that swelled in a bull market.

Before his election to Congress, the Californian made his fortune founding Directed Electronics — based in Vista, Calif. — which manufactures car alarms. Now Issa appears to make his money in the stock market. He ended 2012 with at least $390 million in bonds and stocks. His true worth, however, could be far greater. Members of Congress aren’t obligated to disclose exact figures, only ranges, and Issa has seven accounts with a minimum of $50 million, which is the highest category available on standard disclosure forms.

Issa also has about $75 million in outstanding loans, owing at least $50 million to Merrill Lynch and $25 million to Union Bank. Whether he truly is the richest member of Congress actually depends on precisely how much money he owes to Merrill Lynch.

It is impossible to really know, even though Issa’s own financial disclosure forms list him as president of the OpenGov Foundation, which aims to bring transparency and technology to government. Regardless, Issa made a significant amount in the stock market in 2012 — more than $100 million — and he made at least $10 million more in real estate sales.


Roll Call Member profile »

Assets by type

Investments $392.85M
Real estate $36.52M
Trusts $0.00M
Bank accounts $1.02M

2.Rep. Michael McCaul R-Texas
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #2 $114.10M $114.60M $0.50M
Previous year #1 $305.46M $305.96M $0.50M
Change -1 -62.6% -62.5% 0%

McCaul was knocked off the perch he occupied atop the 50 Richest list for the past two years after his reported minimum net worth plummeted $191 million, to $114 million. But it’s not as if the Texas Republican and former federal prosecutor fell victim to market gyrations, rising debts or risky trades in 2012.

Instead, McCaul valued several holdings in his wife’s name in the broad category of $1 million and above that’s reserved for spousal assets. Previously, he listed each of the same assets as being worth at least $50 million — a category normally reserved for member holdings. The shift means the true size of the couple’s fortune is now harder to ascertain and illustrates the limitations of the congressional financial disclosure system.

As in the past, the majority of McCaul’s assets ­— at least $114.6 million in all for 2012 —are connected to his wife, Linda McCaul, who has extensive family trusts. She is the daughter of Lowry Mays, the founder of Clear Channel Communications Inc. That company owns and operates more than 1,000 radio stations and has extensive billboards and outdoor advertising. In 2010, when McCaul first reported that his wife had received “certain assets” as gifts from her parents, his net worth jumped from at least $73.75 million in 2009 to a minimum of $294 million in 2010.

McCaul also listed assets connected to his five children, three of whom are triplets.

As was the case last year, the McCauls had a Bank of America mortgage worth at least $500,000 on a personal residence.


Roll Call Member profile »

Assets by type

Investments $107.06M
Real estate $0.38M
Trusts $7.15M
Bank accounts $0.00M

3.Sen. Mark Warner D-Va.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #3 $96.31M $96.31M $0.00M
Previous year #4 $85.81M $85.82M $0.02M
Change +1 12.2% 12.2% -100%

Warner, consistently one of the wealthiest members of Congress, saw his net worth increase by almost $10.5 million in 2012, after his wealth grew by $10 million the year before.

More than $63 million, or 66 percent, of his assets are held in trusts. According to Warner’s annual report, one of the trusts — the MRW Blind Trust — made 14 securities sales valued at $1 million to $5 million and one sale of a stake in a Tennessee-based pooled investment fund, Pointer (QP) L.P., valued at $5 million to $25 million. Holders of blind trusts do not directly control the purchases, sales or exchanges of assets within the trust. Warner also reported $7.1 million to $35.3 million in holdings in the Columbia Capital Equity Partners technology and telecommunications investment company — his most valuable non-trust asset.

Warner, a former governor, made his fortune from starting ventures in energy and real estate and co-founded the cellular company that would become Nextel.

He reported no earned income or liabilities in 2012. His only position listed on his disclosure form is a seat on the board of directors of the Alexandria-based Collis Warner Foundation Inc., led by his wife, Lisa Collis. The group supports health and child abuse initiatives.


Roll Call Member profile »

Assets by type

Investments $32.23M
Real estate $0.00M
Trusts $63.44M
Bank accounts $0.63M

4.Sen. Richard Blumenthal D-Conn.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #4 $85.32M $85.82M $0.50M
Previous year #6 $79.11M $79.61M $0.50M
Change +2 7.9% 7.8% 0%

Blumenthal, who was the wealthiest member of the congressional class of 2010, landed near the top of the 50 Richest list again last year after seeing his net worth increase by at least $5 million. The bulk of his wealth comes from the family of his wife, Cynthia Blumenthal, the daughter of New York real estate magnate Peter Malkin.

There are many assets worth at least $1 million listed under the Peter L. Malkin Family 9 LLC, including a JPMorgan checking account, hedge funds, a real estate company in Sao Paulo, Brazil, multiple properties in midtown Manhattan and entities that leased and operated the Empire State Building. He also lists $1 million to $5 million in gold held at JPMorgan.

The family trusts earmark more than $7 million in assets for the Blumenthals’ four children.

Blumenthal, who receives an annual pension for his 20 years of service as Connecticut’s attorney general before being elected in 2010, reported a single mortgage of $500,001 to $1 million as a liability.


Roll Call Member profile »

Assets by type

Investments $25.85M
Real estate $46.32M
Trusts $9.96M
Bank accounts $3.68M

5.Sen. Jay Rockefeller D-W.Va.
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  Rank Net worth Minimum assets Minimum liabilities
This year #5 $83.77M $89.27M $5.50M
Previous year #5 $83.08M $89.08M $6.00M
Change 0 0.8% 0.2% -8.3%

Rockefeller may be retiring from Congress in 2014, but he’s still a Rockefeller, which means finances are good. The West Virginia Democrat, great-grandson of oil tycoon John D. Rockefeller, is worth at least $83.77 million, up almost $1 million from last year.

His most significant assets are in three separate trusts, one at JPMorgan worth at least $50 million, one at Wells Fargo worth $25 million to $50 million and one at United National Bank in Charleston, W.Va., worth $5 million to $25 million. Because the highest category for disclosure is $50 million or more, Rockefeller’s assets from the JPMorgan trust could be much higher than the minimum amount he was required to disclose.

Rockefeller and his wife, who is CEO of WETA-TV in Arlington, Va., have a condominium worth more than $1 million listed among their assets, along with land worth $1 million to $5 million in Pocahontas, W.Va., and a residence in Charleston worth $500,000 to $1 million.

Rockefeller listed only two liabilities on his disclosure form. The first is a 1998 demand loan from United National Bank valued at $5 million to $25 million. The second is a 2011 mortgage on the condo in New York City, valued at $500,000 to $1 million. The mortgage liability was listed as greater than $1 million on last year’s form, indicating that the Rockefellers have since paid down part of that debt.


Roll Call Member profile »

Assets by type

Investments $6.62M
Real estate $2.50M
Trusts $80.00M
Bank accounts $0.15M

6.Rep. John Delaney D-Md.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #6 $68.35M $70.61M $2.27M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

The Maryland Democrat is the richest freshman in Congress, with $51.49 million spread among stocks, bonds and partnerships, on top of trusts valued at almost $15 million.

Much of Delaney’s wealth is derived from Capital Source Finance LLC, a commercial lender he founded that works with small and midsize businesses. He reported holding $25 million to $50 million of company stock that paid at least $1 million in dividends in 2012. He received $17.23 million in salary, stock awards and director fees from the firm.

Delaney reported a stake worth at least $5 million in Alliance Partners, a Maryland financial firm, and has investments of at least $1 million in three equity or hedge funds. He holds smaller positions in an Atlanta service that provides home nursing for sick infants, a mini-storage facility in Waldorf, Md., a Bethesda, Md., stair manufacturing company and orthopedic and dental device businesses.

In addition to his business ventures, Delaney is a director of Georgetown University and the National Symphony Orchestra.

His debts include a Wells Fargo mortgage of $1 million to $5 million on his Potomac, Md., home and a $1 million to $5 million loan from a family trust.


Roll Call Member profile »

Assets by type

Investments $51.49M
Real estate $0.57M
Trusts $14.65M
Bank accounts $3.90M

7.Rep. Jared Polis D-Colo.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #7 $68.13M $74.64M $6.51M
Previous year #7 $72.09M $75.60M $3.51M
Change 0 -5.5% -1.3% 85.5%

The only one of the 10 wealthiest members under age 50, Polis saw a slight dip in his reported net worth last year, primarily due to a Merrill Lynch line of credit that moved up a reporting category, from at least $1 million in 2011 to at least $5 million last year.

His vast portfolio stocked with emerging growth and startup investments still performed extremely well. The Colorado Democrat sold part of his stake in the photo-sharing company LifePics for $1 million to $5 million. Other assets include a $2.85 million share of the world’s only aquaculture venture capital firm, Aquacopia; $6 million in the medical equipment and services companies Symbius Medical and Bridgehealth Medical; and $700,000 in the business incubator Techstars, which uses executives from Birchbox, Warby Parker and Twitter to mentor the next generation of startups.

Polis received at least $1.9 million in rental income from properties in his Colorado district and in Japan. His Colorado real estate holdings include farmland, commercial buildings and a few empty parcels. His stake in Asia Investment Partners gives him a piece of Japanese retirement homes and other health-related facilities.

Polis also has $25 million to $50 million in a blind trust that he set up after being elected to Congress.

He reported $6.5 million of liabilities, including the Merrill Lynch line of credit, a credit card and mortgages on his personal residence and vacation home. He continues to hold partnership positions in venture capital and investment firms.


Roll Call Member profile »

Assets by type

Investments $30.84M
Real estate $17.18M
Trusts $25.00M
Bank accounts $1.62M

8.Rep. Scott Peters D-Calif.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #8 $44.74M $49.87M $5.13M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

The freshman from San Diego, who had to wait 11 days for incumbent Brian P. Bilbray to concede, wasted no time soaring into the top ranks of the 50 Richest, with a reported minimum net worth of $44.74 million in 2012.

The Democrat’s wife, Lynn E. Gorguze, is president and CEO of Cameron Holdings, a private equity firm established by her father, former Emerson Electric Co. executive Vincent Gorguze. She holds more than $12 million in assets, including at least $1 million in a provider of ground storage tanks, and $100,000 to $250,000 in the plastic manufacturer Sinclair & Rush Inc., both subsidiaries of Cameron Holdings.

Although his wife’s assets would be enough to land him on the list, Peters reports more than $37 million in his own assets. His tastes run toward municipal bonds, including at least $2 million in California state water and transportation bonds and at least $2 million in education bonds for Kenosha, Wis., and the University of Texas.

The former city councilman and environmental attorney surprised many by loaning his campaign $2.75 million.

Lynn Gorguze holds stock index options worth at least $3 million that account for most of the couple's liabilities. There also are two credit cards in Peters’ name. The lawmaker reported that he resigned from board positions in various local California community and nonprofit groups at the end of 2012.


Roll Call Member profile »

Assets by type

Investments $46.52M
Real estate $1.25M
Trusts $0.00M
Bank accounts $2.10M

9.Sen. Dianne Feinstein D-Calif.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #9 $41.67M $43.67M $2.00M
Previous year #9 $41.78M $43.78M $2.00M
Change 0 -0.2% -0.2% 0%

Feinstein maintained her place near the top of the 50 Richest list, largely from holdings she shares with her husband, Richard Blum, the president and CEO of the private equity firm Blum Capital Partners LP. The California Democrat was worth at least $41.67 million, according to her disclosure forms, down just more than $2 million from 2011.

The couple listed condominiums worth at least $1 million on Lake Merced in San Francisco and on Kauai, Hawaii, and one in Tahoe City, Calif., worth at least $250,000. Feinstein’s biggest single holding remains a stake in San Francisco’s Carlton Hotel Properties worth $5 million to $25 million, which generated more than $1 million in income.

More than $32.7 million, or three-quarters, of the couple’s reported wealth was from Blum. They listed 17 individual investment accounts worth more than $1 million. Also listed is a stake in OZ Fitness Inc., a health club chain in the Northwest, worth at least $1 million. Assets held independently by spouses do not need to be delineated beyond $1 million on Senate disclosure forms, so Feinstein’s true wealth may be far more than what appears on paper.


Roll Call Member profile »

Assets by type

Investments $28.89M
Real estate $10.03M
Trusts $2.35M
Bank accounts $2.40M

10.Rep. James B. Renacci R-Ohio
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #10 $35.90M $36.90M $1.00M
Previous year #10 $36.67M $37.67M $1.00M
Change 0 -2.1% -2.1% 0%

Though the second-term lawmaker’s minimum net worth remained relatively unchanged, he moved up from the No. 10 spot on last year’s 50 Richest list thanks to retirements of several wealthier colleagues and the strength of one of the most diverse portfolios in Congress.

Renacci started out as an accountant before investing in a chain of nursing homes and launching his own accounting business. He has significant holdings in municipal bonds and the stocks of consumer electronics companies, drugmakers, finance companies and oil and gas producers.

Renacci increased his stake in the Lancaster, Calif.-based minor-league baseball team, the JetHawks, which won its first league championship in 2012, to at least $100,000 in 2012 while also upping his position in a string of Harley Davidson dealerships to at least $500,000, according to his disclosure report. He also has stakes in Ohio real estate partnerships worth at least $3 million.

Renacci paid off in full a line of credit with the investment firm Raymond James worth $1 million to $5 million.

The Ohio Republican is one of a handful of lawmakers who disclose the precise value of many assets instead of reporting them in broad ranges. His report of assets, liabilities and transactions runs to 498 pages.


Roll Call Member profile »

Assets by type

Investments $31.27M
Real estate $3.25M
Trusts $0.00M
Bank accounts $2.37M

11.Rep. Chellie Pingree D-Maine
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #11 $34.45M $36.47M $2.02M
Previous year #12 $28.58M $30.60M $2.02M
Change +1 20.5% 19.2% 0%

Pingree’s reported wealth rose about $8 million in 2012, mostly from the more than $22 million in investments she holds with her husband, Wall Street billionaire financier Donald Sussman. The Maine Democrat has assets in excess of $1.52 million in her own name.

In addition to the Nebo Lodge, an inn and restaurant in North Haven, Maine, Pingree listed dozens of spousal assets in energy, real estate, software and media. Many were valued at $1 million or above, the maximum reporting range for congressional spouses, which can dramatically understate the true wealth of a couple.

Sussman founded a hedge fund, Paloma Partners, in 1981, the same year he married the daughter of the co-owner of the New York Giants. Sussman divorced about a decade later, and he married Pingree in 2011.In 2012, he bought a controlling stake in Maine Today Media Holdings, which publishes two of the biggest newspapers in Pingree’s district, the Portland Press Herald and the Kennebec Journal.


Roll Call Member profile »

Assets by type

Investments $22.79M
Real estate $10.60M
Trusts $0.00M
Bank accounts $3.08M

12.Rep. Vern Buchanan R-Fla.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #12 $31.65M $58.60M $26.95M
Previous year #11 $36.49M $63.24M $26.75M
Change -1 -13.3% -7.3% 0.7%

For the third year in a row, Buchanan’s minimum net worth has fallen, this time by nearly $5 million. Six years ago, the four-term Florida representative’s wealth surpassed $65 million; now, it’s less than half that.

Buchanan’s latest disclosure form shows he sold some substantial investment holdings, including at least $2 million in several hedge funds. He used the proceeds to pay off the mortgage on a second home in the Washington area and close a line of credit extended to one of the car dealerships he owns in Florida. Buchanan also acquired two vacant properties in Ellenton, Fla., in lieu of repaying another $1 million loan to one of his real estate management companies.

While the transactions dinged Buchanan’s bottom line, his holdings in Sarasota-area real estate and businesses remain financially strong. The value of his three auto dealerships grew more than $3 million in 2012, to $15 million. One of his leasing companies also added a rental home on Useppa Island worth more than $500,000.

Buchanan also retained his interests in aircraft and yacht leasing companies worth more than $10 million.


Roll Call Member profile »

Assets by type

Investments $35.94M
Real estate $21.30M
Trusts $0.00M
Bank accounts $1.37M

13.Rep. Robert Pittenger R-N.C.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #13 $27.68M $35.93M $8.25M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

Almost all of the freshman Republican’s assets are in real estate, small wonder since his Charlotte-based real estate and construction company, the Robert Pittenger Co., is valued at $25 million to $50 million.

The Texas native ran the company until this year, when his wife, Suzanne, became CEO and his son, Robert Pittenger Jr., became president. Pittenger collected $3.68 million last year in salary and bonuses from the firm.

A state senator from 2002 to 2008, Pittenger made an unsuccessful bid for the North Carolina lieutenant governorship in 2008 before spending more than $2.2 million of his own money on his 2012 campaign, North Carolina’s most expensive congressional race.

About 92 percent of the freshman’s real estate assets are connected to road projects in Tennessee and South Carolina and in counties surrounding Charlotte, including three valued at $1 million to $5 million. He also listed a company benefit plan valued at $500,000 to $1 million that was terminated in 2012.

Pittenger also listed five liabilities totaling $8.25 million, including two notes payable and three mortgages. The mortgages, listed with a $7 million minimum value, included his personal residence, his South Carolina vacation home and a vacant house on North Carolina’s Grandfather Mountain.


Roll Call Member profile »

Assets by type

Investments $25.63M
Real estate $10.20M
Trusts $0.00M
Bank accounts $0.10M

14.Rep. Diane Black R-Tenn.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #14 $24.94M $34.44M $9.50M
Previous year #14 $24.79M $27.79M $3.00M
Change 0 0.6% 23.9% 216.7%

The second-term congresswoman has crept up the list of wealthiest lawmakers since arriving in Washington three years ago. Her 2012 minimum net worth of $24.94 million was only slightly above the $24.79 million she reported in 2011. Black clocked in with a minimum net worth of $10.63 million in 2010.

The Tennesseean’s biggest source of income comes from real estate holdings, including $19 million worth of properties around Nashville. She purchased two new properties last year: One home’s value came in at $5 million to $25 million, with the other a less expensive $500,000 to $1 million. She and her husband, David Black, currently list mortgages at a minimum of $9.5 million.

One of her largest listed assets is $5 million to $25 million in Aegis Sciences Corp., which her husband founded and where he continues to serve as president and CEO. Once “a sports anti-doping laboratory at Vanderbilt University,” it is now a full-service forensic science company. The Blacks benefited when Aegis was bought by New York private equity firm Metalmark Capital in late 2010.

Black reported she and “a family member” took a fully sponsored, weeklong trip in 2011 to Tel Aviv courtesy of the American Israel Education Foundation. In 2012, she also allowed herself a paid excursion for professional development to Nairobi for 10 days, hosted by the International Conservation Caucus Foundation.


Roll Call Member profile »

Assets by type

Investments $12.58M
Real estate $19.10M
Trusts $0.00M
Bank accounts $2.77M

15.Rep. Nancy Pelosi D-Calif.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #15 $24.45M $38.80M $14.35M
Previous year #13 $26.43M $39.28M $12.85M
Change -2 -7.5% -1.2% 11.7%

The House minority leader’s minimum net worth of $24.45 million in 2012 is about $2 million below what she reported in 2011.

Pelosi and her husband, Paul, continue to enjoy the fruits of their real estate investments, literally and figuratively. Their holdings include California properties worth at least $22.98 million, including a St. Helena vineyard worth $5 million to $25 million that generates at least $50,000 in annual grape sales.

A good portion of Pelosi’s reported earnings are connected to her husband, who invests heavily in stocks such as Apple, Facebook, Comcast, J.Crew and Shutterfly. Paul Pelosi also is a big backer of the United Football League. In 2011 his stake in the league was valued at $1 million to $5 million, with a separate interest in the Sacramento Mountain Lions franchise worth $5 million to $25 million. In 2012, though, he upped his financial interest in the UFL to a minimum of $5 million.

The Pelosis reported $14.35 million in liabilities, $10.75 million of which were mortgages, which include the St. Helena vineyard and a home in the Georgetown neighborhood of Washington, D.C.

Nancy Pelosi also reported last year her position on a number of boards and associations. Notable among these positions is her role as chief financial officer and secretary of the Paul and Nancy Pelosi Charitable Foundation and as a member of the Wheelchair Foundation.


Roll Call Member profile »

Assets by type

Investments $15.76M
Real estate $22.98M
Trusts $0.00M
Bank accounts $0.05M

16.Rep. Suzan DelBene D-Wash.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #16 $23.91M $23.91M $0.00M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

The Washington Democrat met her husband, Kurt, while both worked at Microsoft Corp. in the 1990s. She built her fortune through ties to the tech industry, accruing a minimum net worth of $23.91 million.

The lawmaker reported more than $12.9 million in index and mutual funds held by herself, her husband and their children. The couple disclosed $1.35 million in Microsoft assets, $1 million of which belongs to Kurt DelBene, who headed the company’s Office Division through July 2013.

At least $8 million of the fortune is jointly invested in bonds financing universities, hospitals, electric utilities, transportation projects and urban development initiatives in Western and Southern states. The couple also has more than $100,000 in the finance funds of Global Partnerships, a nonprofit the congresswoman consulted and advised from 2008 to 2009.

DelBene reported earning $14,070 as director of the Washington State Department of Revenue before she resigned on Jan. 12, 2012. She has no liabilities, but at least one financial flop. DelBene reported that an investment in a low-budget 2009 comedy film titled “Dumping Lisa” about a pair of conniving slackers was worthless.


Roll Call Member profile »

Assets by type

Investments $23.91M
Real estate $0.00M
Trusts $0.00M
Bank accounts $0.00M

17.Rep. Chris Collins R-N.Y.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #17 $22.26M $22.26M $0.00M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

The freshman Republican is a former Erie County executive and entrepreneur who made his mark starting and revitalizing companies. In his early 30s, Collins quit his job at Westinghouse Electric Corp. so he and some partners could buy the gear manufacturing division he had managed. From there, he bought and invested in at least 20 other ventures.

Collins reported significant ownership stakes in several companies, including at least $5 million in Innate Immunotherapeutics Ltd., a New Zealand biotech enterprise, and at least $5 million each in ZeptoMetrix Corp., another biotech firm, and Volland Electric Equipment Corp., an electric repair and distribution firm, both headquartered in Buffalo. He is a partner or director for no less than 16 companies or limited liability corporations.

Collins also listed investments worth at least $1 million in a cabinetry manufacturer and a total of at least $1.5 million in two machinery manufacturing companies. His assets also include a checking account with at least $250,000 and numerous stocks. The 63-year-old reported no liabilities.


Roll Call Member profile »

Assets by type

Investments $20.10M
Real estate $1.92M
Trusts $0.00M
Bank accounts $0.25M

18.Rep. Rodney Frelinghuysen R-N.J.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #18 $20.91M $20.91M $0.00M
Previous year #16 $21.73M $21.73M $0.00M
Change -2 -3.8% -3.8% 0%

The New Jersey lawmaker’s fortunes remained relatively stagnant in 2012, just as they did the year before that and the year before that.

Despite the vast majority of Frelinghuysen’s assets sitting in a bull market, his net worth has grown little over the past few of years. Frelinghuysen has a diverse stock portfolio, with holdings in about 200 companies. His biggest position is in Procter & Gamble, where he stashes at least $6 million. The lawmaker’s father, the late Rep. Peter Frelinghuysen, R-N.J., was married to Beatrice Sterling Procter, a descendant of one of Procter & Gamble’s founders.

After his Procter stock, Frelinghuysen has two accounts worth more than $1 million: IBM and Daily Income Fund. Those accounts excluded, the New Jersey Republican spreads relatively small amounts around the stock market. Unlike many of his colleagues, Frelinghuysen invests the bulk of his wealth in individual company stocks instead of mutual funds.

His real estate holdings are valued around $600,000. Frelinghuysen reported no liabilities.


Roll Call Member profile »

Assets by type

Investments $19.76M
Real estate $0.60M
Trusts $0.00M
Bank accounts $0.55M

19.Sen. Jim Risch R-Idaho
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #19 $19.18M $19.74M $0.56M
Previous year #18 $19.09M $19.65M $0.57M
Change -1 0.5% 0.4% -0.9%

Not much changed financially for Idaho’s junior senator, who derives most of his wealth from significant land holdings in his home state. Risch’s minimum net worth increased slightly in 2012 to $19.18 million.

All told, Risch owns farm and ranch land worth more than $16 million, with a variety of other real estate investments in Boise, as well as a condominium in the District that’s worth at least $250,000. Risch also reports more than $250,000 in outstanding notes from his 2002 GOP primary campaign for lieutenant governor, which he won.

Risch, a longtime Republican state employee in Idaho, continues to participate in state benefit plans. His only liabilities in 2012 totaled $560,000, from three 30-year mortgages and a home equity loan on a personal residence.


Roll Call Member profile »

Assets by type

Investments $2.52M
Real estate $17.17M
Trusts $0.00M
Bank accounts $0.05M

20.Rep. Gary G. Miller R-Calif.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #20 $17.81M $17.81M $0.00M
Previous year #19 $17.41M $17.41M $0.00M
Change -1 2.3% 2.3% 0%

Miller’s minimum net worth was relatively unchanged from the year before, with the lion’s share invested in real estate. His assets include 382 acres of undeveloped land in Rancho Cucamonga, Calif., part of his district, worth $5 million to $25 million, and several other parcels in California and Oregon worth $1 million to $5 million each. He listed no liabilities.

After attending community college but leaving without a degree, Miller formed a partnership with a building contractor and bid on Department of Housing and Urban Development home improvement contracts. The construction skills he learned led him to move on to building single-family homes and, eventually, planned communities.


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Assets by type

Investments $0.22M
Real estate $16.55M
Trusts $0.00M
Bank accounts $1.05M

21.Rep. Alan Grayson D-Fla.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #21 $16.69M $22.79M $6.10M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

A little time away from Capitol Hill has agreed with Grayson. He founded the Grayson Fund Management Co. after losing his first re-election bid in 2010, a career change that freed him up to dive headlong into asset management. His stake in the firm is worth at least $5 million, according to his financial disclosure report. Grayson also reports at least $5 million in cash and liquid assets.

The Florida Democrat has no shortage of places to lay his head, boasting homes — and corresponding six-figure mortgages — from the Sunshine State all the way up to Appalachia. A 2,300-square-foot house in Vienna, Va., he bought for $285,000 in 1994 has more than doubled in value. There’s also a six-bedroom, seven-bathroom spread in Orlando he bought for $1 million that carries a Wells Fargo mortgage worth at least $500,000. Grayson reports other properties in Orlando and Charles Town, W.Va.

His biggest liability, however, is at least $5 million with TDAmeritrade incurred while shuffling around nearly five dozen different stocks.

Grayson’s portfolio includes stakes worth at least $500,000 in drugstore chain CVS and Russia’s second-biggest oil company, Lukoil.


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Assets by type

Investments $17.79M
Real estate $0.00M
Trusts $0.00M
Bank accounts $5.00M

22.Sen. Bob Corker R-Tenn.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #22 $16.68M $18.68M $2.00M
Previous year #17 $19.63M $21.63M $2.00M
Change -5 -15% -13.6% 0%

On paper, Corker’s net worth appears to have taken a $3 million hit during 2012. But he recently alerted the Senate Ethics Committee to a $3.5 million discrepancy between the value of his assets and what was reported in his 2011 disclosure form. When that is taken into account, Corker’s wealth rose about $600,000 last year.

The former real estate developer and construction company executive lists interests in a Maryville, Tenn., shopping center and a Chattanooga office building each worth at least $5 million that combined generated more than $1.1 million in rent and capital gains. Corker also has about $5 million in bank accounts and $3.11 million in investments.

Liabilities include a pair of mortgages connected to his Corker Properties Ltd. that are worth at least $1 million apiece and date to 1998.


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Assets by type

Investments $3.11M
Real estate $10.52M
Trusts $0.00M
Bank accounts $5.05M

23.Rep. Joseph P. Kennedy III D-Mass.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #23 $15.25M $15.33M $0.08M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

The 33-year-old son of former Rep. Joseph P. Kennedy II and grandson of Robert F. Kennedy debuts at No. 23 on the 50 Richest list, with trusts worth about $15 million.

The Kennedy trusts contain a wide variety of holdings, including investments in companies ranging from the Walt Disney Co. to Exxon Mobil.

His wife, Harvard Law School sweetheart Lauren Anne Birchfield, earned more than $70,000 in consulting fees from Harvard and Boston Medical Center, and an undisclosed salary from NARAL in Washington, D.C, which nearly offsets the more than $80,000 she owes in student loans.


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Assets by type

Investments $0.34M
Real estate $0.00M
Trusts $14.97M
Bank accounts $0.02M

24.Sen. Claire McCaskill D-Mo.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #24 $14.93M $15.23M $0.30M
Previous year #20 $15.57M $15.87M $0.30M
Change -4 -4.1% -4% 0%

McCaskill’s reported net worth slipped about $700,000 in 2012, falling below the $15 million mark.

Nearly all of McCaskill’s assets are held by her husband, Joseph Shepard. More than half of the assets are held in real estate investments. That includes at least $1 million each in the Missouri and Georgia Housing Tax Credit funds. There’s also at least $1 million tied up in Terrace Apartments LLC.

The couple’s finances became a focus during the 2012 campaign when The Associated Press reported that firms affiliated with Shepard received about $39 million in federal payments for low-income housing developments during McCaskill’s first five years in office, though it appears only a fraction of that amount made it to the family’s bank accounts.

Her 2012 report also shows at least $500,000 in Berkshire Hathaway stock held by Shepard. That’s the conglomerate run by the billionaire Warren Buffett, whose statements on taxes for the wealthy became something of a rallying cry for Democrats.


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Assets by type

Investments $6.75M
Real estate $7.48M
Trusts $1.00M
Bank accounts $0.00M

25.Rep. Richard Hanna R-N.Y.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #25 $14.38M $14.40M $0.02M
Previous year #24 $13.69M $13.71M $0.02M
Change -1 5% 5% 0%

The second-term lawmaker and construction company founder made the 50 Richest list again this year with a reported minimum net worth of $14.38 million, most of which is spread among dozens of mutual funds and individual stocks.

Hanna’s largest individual stock holdings include at least $500,000 in Colgate-Palmolive and stakes worth at least $250,000 in Becton Dickinson, Chevron and PepsiCo. His other assets include $1 million to $5 million in a Fidelity money market account.

Hanna also holds a 50 percent stake worth at least $1 million in Gabriel Group LLC, which owns and operates an apartment complex in New York’s Mohawk Valley. He reported making a loan of at least $250,000 to his congressional campaign.

Hanna and his wife’s liabilities consist of revolving charge accounts from Chase and American Express worth $20,000 to $30,000.


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Assets by type

Investments $12.25M
Real estate $1.50M
Trusts $0.00M
Bank accounts $0.65M

26.Sen. John Hoeven R-N.D.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #26 $14.21M $15.21M $1.00M
Previous year #41 $8.41M $13.41M $5.00M
Change +15 69% 13.4% -80%

Hoeven nearly doubled his net worth over the past year from $8 million to $14.21 million. He increased his assets from $13 million to $15 million and reduced his liabilities of $5 million down to $1 million.

The North Dakotan’s two largest holdings are the same as in 2012: at least $5 million in stock of Westbrand Inc. Bank Holding Co., based in Minot, N.D., that produced at least $100,000 in dividends and at least $5 million in the Minnesota medical equipment company Northwest Respiratory Services LLC, which bills equipment to both the Medicare program and various private health insurers. The investment kicked off more than $3 million in income.

Hoeven is an active stock trader. He owns stock in a wide array of companies, ranging from Coca-Cola to Apple to Ford Motor Co. to Wells Fargo. He also owns shares of mutual fund and has several IRAs.


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Assets by type

Investments $13.44M
Real estate $0.25M
Trusts $0.00M
Bank accounts $1.52M

27.Rep. Nita M. Lowey D-N.Y.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #27 $12.82M $12.82M $0.00M
Previous year #23 $14.34M $14.34M $0.00M
Change -4 -10.6% -10.6% 0%

The New York Democrat’s reported minimum net worth fell $1.5 million in 2012. Lowey reported that a $500,000 loan her husband, Stephen, made to a now inactive private equity firm called Cadigan Partners is not expected to be repaid.

Stephen Lowey also sold his interest in Lowey Family Investment LLC, which holds a stake in a privately owned broker-dealer firm, in a transaction valued at $1 million to $5 million. He retains an ownership interest in the law firm Lowey, Dannenberg, Cohen & Hart worth $1 million to $5 million.

The couple’s real estate holdings include 57 West 70th Development LLC, which is worth at least $1 million, and a Washington, D.C., rental property worth at least $250,000 that generates $15,000 to $50,000 in annual income.

A profit-sharing plan at Stephen Lowey’s law firm is valued at $500,000 to $1 million. The Loweys also reported at least $2.5 million invested in hedge funds that kicked off at least $130,000 in capital gains. And they received $200 to $1,000 in distributions in 2012 from a trust connected to Pequot Partners, a hedge fund that was shut in 2009 amid a federal insider-trading investigation.


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Assets by type

Investments $11.30M
Real estate $1.25M
Trusts $0.00M
Bank accounts $0.27M

28.Rep. Scott Rigell R-Va.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #28 $12.60M $14.10M $1.50M
Previous year #28 $10.75M $12.76M $2.01M
Change 0 17.2% 10.5% -25.4%

Rigell’s wealth grew by about 17 percent from 2011 to 2012. The Virginia Republican owns a number of car dealerships in Virginia with his wife and founded Freedom Automotive.

According to his financial disclosure forms, Rigell owns at least $5.27 million in real estate, including at least $4 million in property connected to the dealerships. Other holdings include commercial parcels, stakes in several restaurants and an Orlando, Fla., digital media company. He also has more than $7 million in investments and at least $1.77 million in bank accounts.

In terms of liabilities, the second-term lawmaker reported a home equity line of credit of at least $1 million on his Virginia residence, as well as a mortgage of more than $500,000 on his D.C. home.


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Assets by type

Investments $7.07M
Real estate $5.27M
Trusts $0.00M
Bank accounts $1.77M

29.Sen. Ron Johnson R-Wis.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #29 $12.47M $12.47M $0.00M
Previous year #26 $12.00M $12.00M $0.00M
Change -3 3.9% 3.9% 0%

Johnson’s minimum net worth climbed more than $4 million in 2012, to $12.47 million, according to his most recent disclosure report.

The first-term Wisconsin Republican made his wealth as an executive at an Oshkosh-based plastics manufacturer that had the strong financial backing of his wife’s family.

His largest single asset is a cash account at Charles Schwab worth $5 million to $25 million. He and his wife also own a property in Oshkosh valued at $1 million to $5 million that generated $100,000 to $1 million in rent.

Johnson claimed a receivable from his campaign worth $500,000 to $1 million. According to Federal Election Commission data compiled by Political MoneyLine, Johnson spent more than $8 million of his own money on his 2010 Senate campaign.

Johnson also sold a bond worth $50,000 to $100,000 and stocks in packaging supplier Bemis Co. Inc., worth $15,000 to $50,000. He continues to hold a $1 million to $5 million stake in his plastics company, Pacur Inc. He lists no liabilities.


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Assets by type

Investments $1.85M
Real estate $4.37M
Trusts $0.00M
Bank accounts $6.25M

30.Sen. Tom Harkin D-Iowa
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #30 $11.88M $11.88M $0.00M
Previous year #33 $10.01M $10.01M $0.00M
Change +3 18.7% 18.7% 0%

Harkin’s wealth increased by 18.7 percent from 2011 to 2012, with most of the reported assets connected to his wife, Ruth.

Two of Ruth Harkin’s largest holdings are investments of more than $1 million in Phillips 66 and Conoco Phillips Co., on whose board of directors she served until May. She previously was senior vice president for international affairs and government relations for United Technologies Corp., in which she also holds more than $1 million.

Ruth Harkin reported receiving salaries from Conoco, United Technologies and Ireland’s National Toll Road, disclosing that those agreements include the right to receive stock in the future.

The couple also holds stock valued at more than $1,000 in companies including Walt Disney and Procter & Gamble. Their largest joint holding is a vacation home in the Bahamas worth $500,000 to $1 million that generates more than $15,000 in rent annually.


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Assets by type

Investments $11.11M
Real estate $0.50M
Trusts $0.00M
Bank accounts $0.27M

31.Rep. Trent Franks R-Ariz.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #31 $11.12M $11.15M $0.03M
Previous year #27 $11.60M $11.60M $0.00M
Change -4 -4.1% -3.9% n/a

Franks’ minimum net worth dropped almost $50,000 in 2012, partly due to the fact that he incurred $30,000 to $100,000 in liabilities through his spouse via revolving charge accounts with Capital One Bank and Barclays Bank Delaware — in 2011, Franks was in the red.

The Arizona Republican is still doing fine. He reported $11.15 million in assets last year through Liberty Petroleum Corp., the Phoenix-based oil business he founded in 1997 with his brother, Lane Franks.

When he was elected to Congress in 2002, Franks transferred control of Liberty to his brothers, who also own Providence Petroleum Corp. and Trinity Petroleum Corp., a holding company.

Franks again reported patents worth at least $100,000 for the LP 1000 Life Pager, a decoy pager that contains pepper spray for self-defense. Franks reported no income from the patents.

In another sign of continued financial comfort, Franks footed the bill for 11 days of a 15-day trip to Tel Aviv, sponsored by the International Israel Allies Caucus Foundation.


Roll Call Member profile »

Assets by type

Investments $6.15M
Real estate $0.00M
Trusts $5.00M
Bank accounts $0.00M

32.Rep. Jim Sensenbrenner R-Wis.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #32 $10.99M $10.99M $0.00M
Previous year #30 $10.20M $10.20M $0.00M
Change -2 7.8% 7.8% 0%

Once again, Sensenbrenner included attachments with detailed figures for his financial holdings in his 515-page disclosure. Without these statements, the Wisconsin Republican’s reported net worth would be just less than $5 million, keeping him off the list.

His self-reporting brought the total to $10.99 million, up from last year’s $10.2 million. All of his assets are held in 13 different accounts, including family trusts. The Wisconsin Republican and his wife, Cheryl, hold $500,000 to $1 million in such stocks as Abbott Laboratories, Pfizer, Exxon Mobil and Philip Morris.

He did not list any liabilities in 2012.

He also reported a trip taken in February 2012 to the Falkland Islands paid for by the British government. Shortly after his trip to the territories still disputed by the United Kingdom and Argentina, Sensenbrenner published an op-ed in the British newspaper The Telegraph urging President Barack Obama to respect the islanders’ right of self-determination.


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Assets by type

Investments $6.20M
Real estate $0.00M
Trusts $4.79M
Bank accounts $0.00M

33.Rep. John Fleming R-La.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #33 $10.78M $12.50M $1.73M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

The three-term Louisiana congressman’s net worth surged by more than $8 million in 2012, largely because of his holdings in Minden, La.-based JCF Properties. Fleming’s stake in the partnership was worth at least $5 million.

The physician and sandwich store owner in 2011 amended three years’ worth of filings, saying he “inadvertently omitted” his positions with 16 limited liability corporations.

Fleming owns 30 Subway restaurant franchises worth at least $1 million, and at least $50,000 in income from Fleming Expansions, a sub-franchisor of The UPS Store.

He listed $1 to $1,000 in royalties from a book he wrote on preventing addiction, an extension of his work as a medical researcher at a drug and alcohol treatment unit.

As a real estate investor, most of Fleming’s liabilities lie in mortgages on properties. He also holds at least $125,000 in business loans.

Fleming also serves as president of two family care practices in Louisiana.

In addition to Fleming’s net worth, he reported earned income from his spouse from the Subway franchises they own, as well as a salary his spouse derives from being a director of the Minden Family Care Center, of which Fleming serves as president.


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Assets by type

Investments $1.79M
Real estate $10.63M
Trusts $0.00M
Bank accounts $0.08M

34.Rep. Lloyd Doggett D-Texas
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #34 $10.51M $10.76M $0.25M
Previous year #38 $8.94M $9.19M $0.25M
Change +4 17.5% 17.1% 0%

The Texas Democrat has revived his portfolio since the 2008 stock market crash, posting a minimum net worth of $10.51 million last year, up from $8.94 million in 2011 and $8.53 million the year before that.

Though the bulk of Doggett’s $10.76 million of reported assets are spread among mutual funds and large market cap stocks, he also owns three properties in Austin worth at least $250,000 apiece and a rental spread in Travis County, Texas, worth $1 million to $5 million. Combined, the real estate holdings generate $70,000 to $165,000 in annual rental income.

Among Doggett’s biggest individual investment is a stake in Whole Foods worth $1 million to $5 million. Beyond his congressional salary, he also lists $64,906 in annuity income from the Employees Retirement System of Texas for his tenure in the Texas Senate and the Texas Supreme Court.

For the second year in a row, Doggett’s only liability is a letter of credit worth $250,000 to $500,000 on the Travis County property.


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Assets by type

Investments $8.86M
Real estate $1.75M
Trusts $0.00M
Bank accounts $0.15M

35.Rep. Brad Schneider D-Ill.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #35 $9.93M $10.03M $0.10M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

The freshman Democrat representing the well-off communities north of Chicago is a former consultant and insurance executive with a diverse portfolio spread among 18 brokerage accounts. His largest stock holdings were stakes worth $50,000 to $100,000 in such companies as Apple, Caterpillar, Google, Union Pacific and Exxon Mobil.

At least $322,000 of his assets are in real estate funds and partnerships in apartment buildings in Georgia, Florida, Illinois, Indiana, North Carolina and Texas. And Schneider reported at least $640,000 in bank accounts.

Schneider also earned about $46,000 in income for insurance renewals at the Davis Dann Adler Schneider life insurance firm, where he was a managing principal at least a decade ago.

His only liability is a PNC Bank home equity loan on his personal residence in Deerfield, Ill., worth $100,000 to $250,000.


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Assets by type

Investments $9.06M
Real estate $0.32M
Trusts $0.00M
Bank accounts $0.64M

36.Rep. Tom Petri R-Wis.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #36 $9.91M $11.01M $1.10M
Previous year #34 $9.53M $10.78M $1.25M
Change -2 4% 2.2% -12%

Petri’s financial state looks relatively stagnant on paper. But his investments did quite well last year, even if they did not crack higher categories on his disclosure report.

Last year, the 16-term Wisconsin Republican listed more than $5 million in Walgreens stock. At the time it was bouncing between $30 and $35 a share. A year later, Petri still lists more than $5 million invested in Walgreens — but the stock is now hovering around $50 a share.

Petri also has considerable positions in Berkshire Hathaway, U.S. Bank and Lloyd’s of London, with at least $1 million invested in each. His partnership stake in Lloyd’s drew attention in 2012 following reports that Petri didn’t pay any state income taxes from 2002 to 2005. Petri stated it was mainly because of losses Lloyd’s incurred in the 9/11 terrorist attacks.

Petri’s liabilities include a mortgage of more than $100,000 and a loan from Merrill Lynch of more than $1 million.


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Assets by type

Investments $10.92M
Real estate $0.02M
Trusts $0.00M
Bank accounts $0.08M

37.Rep. Carolyn B. Maloney D-N.Y.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #37 $9.86M $11.86M $2.00M
Previous year #32 $10.05M $12.30M $2.25M
Change -5 -1.9% -3.5% -11.1%

As in years past, Maloney’s source of wealth continues to come from real estate holdings. She reported $11.86 million in assets, including properties in Jamaica, Virginia Beach, Va., and North Carolina’s Albermarle Sound. Maloney also has a residence in her congressional district on the Upper East Side of Manhattan and a Washington home on D Street Southeast, just a stone’s throw from her office on Capitol Hill.

The New York Democrat came in last year with a minimum net worth of $9.86 million, a little less than the $10.5 million she boasted the year before. In 2012, she sold an Arlington, Va., condominium for at least $500,000.

Her liabilities accounted for at least $2 million, half of which came from acquisition loans related to her late father’s estate. She also reported mortgages for her New York and D.C. homes worth at least $500,000 each.

Maloney also received an income of $26,955 in management fees from Sea Bay Development Corp.; she holds stake in the Virginia Beach coastal residential development firm.


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Assets by type

Investments $0.00M
Real estate $11.30M
Trusts $0.50M
Bank accounts $0.07M

38.Rep. John Campbell R-Calif.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #38 $9.35M $9.35M $0.00M
Previous year #39 $8.93M $8.93M $0.00M
Change +1 4.7% 4.7% 0%

Campbell’s wealth rose slightly last year, from $8.9 million to $9.35 million.

About $5.7 million of his net worth comes from a real estate holding company, ACD Holdings, that owns six properties, five of which are valued at more than $1 million. But Campbell’s rise in wealth is the result of another one of his real estate companies: Willoughby Land Co. That company lists two California properties worth at least $500,000, as well as a cash account with more than $500,000.

Campbell also received at least $270,000 in stocks last year as part of a legal settlement. He lists no debts.


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Assets by type

Investments $1.29M
Real estate $6.80M
Trusts $0.00M
Bank accounts $1.26M

39.Sen. Mitch McConnell R-Ky.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #39 $9.23M $9.23M $0.00M
Previous year #37 $8.95M $8.95M $0.00M
Change -2 3.2% 3.2% 0%

McConnell’s reported wealth didn’t change much during the last reporting cycle. The Senate minority leader listed assets worth at least $9.23 million, with no liabilities.

McConnell’s single-largest account is a tax-exempt money market fund worth at least $5 million. The filing also shows that McConnell’s wife, former Labor Secretary Elaine L. Chao, has shares of the Vanguard 500 Index Fund Admiral Class valued at at least $1 million. The index fund tracks the performance of the S&P 500 index.

Because the shares are in Chao’s name, McConnell is only required to report that they have a minimum value of $1 million. Chao also has a variety of smaller money market accounts and mutual funds. Also listed are her salary from The Heritage Foundation, valued at more than $1,000, as well as a variety of fees from sources including Fox News and Wells Fargo.

McConnell’s reported wealth dropped about $1 million in 2011 after a carriage house previously listed as an asset was removed from the disclosure form because it was no longer being rented and thus was not subject to disclosure.


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Assets by type

Investments $8.82M
Real estate $0.00M
Trusts $0.37M
Bank accounts $0.05M

40.Rep. Steve Daines R-Mont.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #40 $9.19M $9.69M $0.50M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

Among the richest freshmen in Congress, Montana’s at-large congressman derives much of his wealth from RightNow Technologies, a software company that Oracle Corp. acquired in 2011 for $1.5 billion, making Daines a millionaire several times over. He drew a combined salary of $268,700 from the companies in 2012, according to his financial disclosure.

Daines’ biggest asset is a stake worth at least $5 million in Genesis Partners, a Bozeman, Mont., real estate venture that leased office space to RightNow Technologies. He also lists $2.85 million in residential and commercial real estate holdings in Montana.

Daines grew up in Bozeman and stayed there during his college years at Montana State. After getting a degree in chemical engineering, he went to work at Procter & Gamble, serving in management posts in the United States and abroad. After returning home and working in his family’s construction business, he took an executive post at RightNow.

Daines frequently invokes his business experience when discussing fiscal policy and says his goals include simplifying the tax code and eliminating government subsidies for businesses.


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Assets by type

Investments $1.73M
Real estate $7.85M
Trusts $0.00M
Bank accounts $0.12M

41.Rep. Kenny Marchant R-Texas
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #41 $9.18M $12.89M $3.71M
Previous year #29 $10.33M $12.60M $2.27M
Change -12 -11.1% 2.4% 63.9%

Marchant filed a 1,900-page disclosure that included monthly investment account statements and portfolio ledgers that went above and beyond what was required. Although his assets increased by nearly $300,000 from 2011 to 2012, the more detailed reporting of liabilities caused his total minimum net worth to drop by more than $1 million.

His nearly $13 million in assets includes at least $1.8 million in investment accounts with Carson Private Capital, which provides “a select group of ultra high net worth individuals” access to U.S. and European energy, consumer and food sector investments, according to its website. He also has $4.5 million invested in two Hodges mutual fund accounts that include corporate stocks in Boeing, Delta Airlines and Home Depot.

The Texas Republican still holds more than $2.6 million in real estate assets, including more than $1 million in the Bonita Land and Cattle Partnership and limited partnerships in the Dallas-Fort Worth area.

Marchant lists debts including three lines of credit of more than $912,000 and a mortgage of more than $2.8 million.


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Assets by type

Investments $10.28M
Real estate $2.60M
Trusts $0.00M
Bank accounts $0.02M

42.Rep. Tom Price R-Ga.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #42 $8.32M $8.32M $0.00M
Previous year #40 $8.81M $8.81M $0.00M
Change -2 -5.6% -5.6% 0%

Price’s reported minimum net worth dropped about half a million dollars in 2012. The surgeon and his anesthesiologist wife were active in the financial markets, reporting more than $2 million from the sale of stocks and bonds in Fidelity investment accounts.

Price also sold a medical office building in Roswell, Ga., at a loss of as much as $50,000. His remaining real estate holdings include a vacant lot in Simons, Ga., worth $1 million to $5 million, a Washington, D.C., condo worth at least $250,000, another medical building in his home state worth at least $100,000 and interests in apartments in Virginia, North Carolina and South Carolina.

The couple reported at least $3 million in IRAs and life insurance. They again reported no debts.

Price was one of the growing number of members attaching financial statements detailing specific amounts for some assets to their disclosures.


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Assets by type

Investments $6.30M
Real estate $1.50M
Trusts $0.00M
Bank accounts $0.52M

43.Rep. Jim Cooper D-Tenn.
Click to see in graph view
  Rank Net worth Minimum assets Minimum liabilities
This year #43 $8.16M $8.41M $0.25M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

The former investment banker kept busy in the markets last year, more than doubling his wealth from $3.41 million in 2011 to nearly $8 million.

Most of Cooper’s wealth is still derived from a diverse real estate portfolio which includes undeveloped tracts in his hometown of Nashville, a waterfront lot in Gulfport, Miss., and $5.7 million worth of farmland, residential lots and commercial properties in Tennessee and Kentucky. He also boasts a $3.25 million stake in two office buildings in Brentwood, Tenn.

Cooper remains heavily invested in technology concerns, spreading his money among major players in computing such as Hewlett Packard, Intel, IBM and Microsoft, as well as service providers including Comcast and Qualcomm. His mutual fund holdings skew toward health care, a specialization that helped him rake in $841,000 in dividends and $1.7 million from stocks liquidated within two such accounts.

Cooper also reported pulling down $20,000 from an adjunct teaching gig at Vanderbilt University’s Owen School of Management. His only reported liability continues to be the SunTrust mortgage on his personal residence worth at least $250,000.


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Assets by type

Investments $1.65M
Real estate $6.77M
Trusts $0.00M
Bank accounts $0.00M

44.Rep. Fred Upton R-Mich.
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  Rank Net worth Minimum assets Minimum liabilities
This year #44 $8.16M $8.42M $0.27M
Previous year #42 $7.69M $7.95M $0.27M
Change -2 6.1% 5.9% 0%

The House Energy and Commerce chairman held onto his place on the 50 Richest list, boasting a minimum net worth of $8.1 million, up from last year’s $7.69 million.

Upton’s grandfather founded Whirlpool Corp., which is based in his Michigan district. The 14-term Republican lawmaker reports holdings of more than $1 million in Whirlpool. A family trust of more than $5 million continues to make up the largest part of Upton’s reported $8.42 million in assets, which also includes substantial holdings in Pfizer, Microsoft and Exxon Mobil.

As for liabilities, Upton and his wife jointly owe JPMorgan Chase more than $265,000 for a home mortgage and a home equity line of credit.


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Assets by type

Investments $2.25M
Real estate $0.00M
Trusts $5.02M
Bank accounts $1.15M

45.Sen. Kay Hagan D-N.C.
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  Rank Net worth Minimum assets Minimum liabilities
This year #45 $8.06M $15.02M $6.97M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

The North Carolina Democrat returned to the 50 Richest thanks, in part, to a stake in Anchuca Holdings LLC worth $5 million to $25 million that she received as a gift. The limited liability corporation is one of several controlled by Hagan’s father, Joe Ruthven, who has substantial warehouse and industrial park holdings in Florida.

Hagan’s office didn’t have an exact figure on the value of the transfer but described it as toward the lower end of the $5 million to $25 million reporting category on her disclosure. The transfer included more than $2 million in mortgage debt.

Hagan’s other assets include at least $250,000 in BNC Bancorp stock and a stake in a Davis, N.C., fishing club worth $100,000 to $250,000. She has at least $7 million in reported liabilities, including two dozen mortgages on land, buildings and her residence.


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Assets by type

Investments $12.49M
Real estate $0.10M
Trusts $2.41M
Bank accounts $0.02M

46.Rep. Steve Pearce R-N.M.
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  Rank Net worth Minimum assets Minimum liabilities
This year #46 $7.98M $7.98M $0.00M
Previous year #44 $7.48M $7.48M $0.00M
Change -2 6.7% 6.7% 0%

The wealthy former oil field services company owner reported sizable holdings in equipment rental and financial services. His biggest asset remains at least $5 million of stock in Trinity Industries Inc., an equipment rental concern of which he serves as president. Pearce also has a stake worth at least $1 million in LFT LLC, a property and equipment rental business that generates at least $100,000 in rent a year.

His wife owns a stake in Lea County Bancshares worth at least $1 million and serves on the company’s board. The couple lists no liabilities.

In 2012, Pearce reported buying an interest in an airplane worth $250,000 to $500,000. The year before, he reported selling an airplane that netted at least $500,000.


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Assets by type

Investments $7.28M
Real estate $0.60M
Trusts $0.00M
Bank accounts $0.10M

47.Rep. Blake Farenthold R-Texas
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  Rank Net worth Minimum assets Minimum liabilities
This year #47 $7.74M $7.79M $0.05M
Previous year #43 $7.65M $7.70M $0.05M
Change -4 1.2% 1.2% 0%

Farenthold’s reported net worth increased by less than $100,000 in 2012, which is not surprising considering his largest asset is a trust worth $5 million to $25 million.

As detailed in his disclosure, the ABMH Management Trust was set up by the Texas Republican’s grandmother Annie Blake Morgan Head to benefit his two children. The trust’s only reported activity was the purchase of a Vanguard account for $1,000 to $15,000. His second-largest asset, the Morgan Trust for the benefit of R. Blake Farenthold, is worth $1 million to $5 million. Farenthold’s great-grandfather Rand Morgan got rich working in the oil and gas industry after moving to Corpus Christi, in the younger Farenthold’s current district, following the Depression.

Farenthold also lists a few assets designated for his children such as Walt Disney stock and bank savings accounts.

He still carries a demand note related to the Morgan Trust valued at $50,000 to $100,000.

The former radio talk show host and attorney listed more than $20,000 in income earned from trustees fees and distributions from Farenthold Consulting LLC, a computer and Web design firm that he established.


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Assets by type

Investments $0.72M
Real estate $0.10M
Trusts $6.97M
Bank accounts $0.00M

48.Sen. Rob Portman R-Ohio
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  Rank Net worth Minimum assets Minimum liabilities
This year #48 $7.27M $7.62M $0.35M
Previous year #47 $6.72M $7.47M $0.75M
Change -1 8.2% 2% -53.3%

Portman’s $500,000 bump in net worth and a drop in the total liabilities he holds helped keep him on this year’s list for the second year in a row.

The Ohio senator derives much of his $7.27 minimum net worth from a host of investment portfolios and municipal bonds in his home state.

Portman also owns at least $1.22 million in real estate. That total includes a family investment in the historic Golden Lamb Inn in Lebanon, the oldest continually operating hotel in the state, dating to 1803, which has hosted 12 presidents, Charles Dickens and Mark Twain among its guests. He owns other properties throughout Ohio, West Virginia and Kentucky as well.

Not listed in his net worth is at least $315,000 in rent and capital gains on the properties he owns. That represents a $100,000 drop from 2011 after Portman sold off a property.

Portman also saw his liabilities drop — from $750,000 in 2012 to $350,000. His liabilities include a mortgage on his personal residence of at least $250,000 and a line of credit valued at at least $100,000.


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Assets by type

Investments $6.38M
Real estate $1.22M
Trusts $0.00M
Bank accounts $0.02M

49.Rep. Bill Flores R-Texas
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  Rank Net worth Minimum assets Minimum liabilities
This year #49 $6.71M $8.22M $1.52M
Previous year #46 $6.94M $8.45M $1.52M
Change -3 -3.3% -2.7% 0%

Flores’ net worth fell by about $200,000 in 2012, but it wasn’t enough to knock him out of the 50 Richest.

The former energy company executive reported two Fidelity retirement accounts worth at least $6.97 million that could make up as much as 80 percent of his net worth. An airplane hangar he owns at Coulter Airfield in Bryan, Texas, dropped in value to the $100,000 to $250,000 category. An investment fund he holds a stake in also lost value in 2012.

Flores still has $500,000 to $1 million owed by his congressional campaign. Last year, he refinanced two Wells Fargo mortgages on a pair of residences worth at least $1.5 million. He has a Chase credit card that he pays off monthly.

Flores is a trustee at the Houston Baptist University and an officer in his family’s Dallam County, Texas, farming business.


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Assets by type

Investments $6.05M
Real estate $0.10M
Trusts $0.00M
Bank accounts $2.07M

50.Rep. Bill Foster D-Ill.
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  Rank Net worth Minimum assets Minimum liabilities
This year #50 $6.67M $6.67M $0.00M
Previous year New to list n/a n/a n/a
Change n/a n/a n/a n/a

Foster, now in his second full term, made it onto the 50 Richest list upon his arrival in Congress because of wealth he derived almost entirely from a lucrative entertainment business he helped start at the age of 19.

A physicist with a Ph.D. from Harvard University, Foster and his younger brother started a theater lighting company in their basement with $500 borrowed from their parents.

The company, called Electronic Theatre Controls, is now worth at least $5 million, according to Foster’s financial disclosure report. It employs more than 650 people and provides lighting for about 70 percent of the country’s theater and entertainment venues. Foster retains an advisory role on the company’s board.

The rest of Foster’s $6.67 million minimum net worth comes from a series of investment funds and savings accounts.

Foster has no reported liabilities.


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Assets by type

Investments $6.47M
Real estate $0.05M
Trusts $0.00M
Bank accounts $0.15M