Posted on 12/21/2021 8:29:56 AM PST by Red Badger
We estimated the net worth of members of Congress by analyzing financial-disclosure reports.
The reports cover 2020 and provide the most up-to-date estimate of members' net worth.
The wealthiest 15 members were worth at least $1.3 billion, half of Congress' wealth.
Each year, every member of Congress is required to file a detailed report disclosing their financial holdings.
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.
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. Members disclose the value of their assets in broad ranges.
The documents cover 2020, a year in which the world's richest people grew their fortunes by trillions of dollars. The 2020 financial disclosures are the most up-to-date financial documentation from Congress — disclosures from 2021 are not required to be filed until mid-May. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic.
Three newer members of Congress — Reps. Troy Carter, Melanie Stansbury, and Jake Ellzey — have not filed their official financial-disclosure reports. Insider used these members' "candidate reports," some of which include financial data from 2021.
Members of Congress come from a wide range of backgrounds — from local politics to business and entrepreneurship to professional sports — and their fortunes vary greatly. The wealthiest 15 members together had an estimated net worth of at least $1.3 billion, accounting for half of Congress' total estimated wealth.
(Excerpt) Read more at businessinsider.com ...
All from well timed purely coincidental investments to be sure.
Rose, who joined Congress in 2019, reported an ownership stake in several residential buildings across the country. Rose also owned at least $500,000 worth of stock in Citizens Bank and more than $100,000 worth of Alphabet stock, and he reported 100% ownership of Rose Farm, worth between $5 million and $25 million.
And I’ll bet not one donates their salary like Trump did, but he’s the bad guy. The guy lost God knows how much of his wealth from all the bad publicity and fake accusations, but he’s the bad guy. How much has Pelosi ever donated for upkeep of Arlington like Trump did? The first check he ever got he donated to the National park service to upkeep our national battlefields that the left no doubt wants to destroy.......
Upton’s fortune mainly derives from an appliance company that his grandfather founded, Whirlpool,
The bulk of Obernolte’s fortune stems from his ownership of FarSight Studios, a video-game company in Big Bear Lake, California, that he launched in 1988. Obernolte, who joined Congress in 2019,
What matters is WHEN they gained their wealth...before or after they entered Congress.
According to Queen Nancy, it's "a free market", so it's OK for them to trade on material, non-public information.
Williams’ wealth is primarily split among mutual funds, a few select stocks, real property, and the ownership of several car dealerships in Texas worth more than $5 million. Williams also reported a stake in two aircraft-leasing companies.
Hollingsworth’s wealth primarily comes from his involvement with Hollingsworth Capital Partners, a Tennessee group that builds and markets industrial facilities in 17 states, according to his financial disclosure.
The bulk of Romney’s wealth derives from his success at Bain Capital, a private-equity investment firm where he rose to CEO.
Buchanan’s wealth primarily comes from his ownership of several car dealerships, in addition to a limited liability company that was labeled as “Aircraft Holding & Leasing” and valued at $25 million to $50 million. Buchanan also founded a printing company, American Speedy Printing, in the late 1970s.
Much of Issa’s fortune comes from a car-alarm system called Steal Stopper and his time as the CEO of Directed Electronics. His financial filings indicated that each of Issa’s assets is jointly owned. Issa did not report owning any individual stocks — his wealth is largely held in diversified stock funds and his ownership of properties in California and Ohio.
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. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio.
Cattle Futures is really hot, or so I’ve heard.....................
Scott, who assumed office in 2019, cemented his No. 1 spot on the list through his extensive holdings in stocks, bonds, LLCs, private-equity funds, gold trusts, and treasury notes. Scott holds relatively few individual stocks.
The senator is the cofounder of two
healthcare companies
: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. He also worked as a venture capitalist, investing in several technology and healthcare companies.
Lol Trump is wealthier than the 15 top wealthiest members combined. 🤣
The wealthy should be prohibited from being members of Congress as they can’t represent the majority of Americans.
Yeah, and Trump earned is money without the help of ‘insider trading’ and $500,000 ‘speeches’ (AKA bribes)...
EXACTLY! Ding, ding, ding, we have a winner! My guess is AFTER, definitely AFTER.
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