Sen. Mitt Romney, R-Utah, speaks throughout a South Valley Chamber of Commerce assembly at Salt Mine Productive in Sandy on Thursday, Aug. 18, 2022. Romney is among the many richest members of Congress. Kristin Murphy, Deseret Information
Who're the richest members of Congress?
Properly, that is dependent upon which checklist you have a look at. Celebritynetworth.com and Enterprise Insider have each lately compiled lists. The names on the high, together with Utah Republican Sen. Mitt Romney, don’t change a lot, although the order and their estimated web value varies, generally wildly.
U.S. Home and Senate members earn $174,000 a 12 months. However lots of them amassed fortunes earlier than being elected to workplace.
Listed below are the wealthiest present officeholders in Congress, in keeping with celebritynetworth.com, which payments itself because the “web site future billionaires learn every single day.”
- Rep. Darrell Issa, R-Calif.
Web value: $460 million
Issa co-founded Directed Electronics, one of many largest makers of car automotive alarms in the USA. He is also an actual property investor.
2. Sen. Rick Scott, R-Fla.
Web value: $300 million
Scott co-founded Columbia Hospital Affiliation, which later merged with one other firm to kind Columbia/HCA, which ultimately grew to become the nation’s largest personal for-profit well being care firm. After leaving Columbia/HCA, he grew to become a enterprise capitalist.
3. Sen. Mark Warner, D-Va.
Web value: $300 million
As founder and managing director of Columbia Capital, Warner helped discovered or was an early investor in quite a few know-how corporations, together with Nextel.
4. Sen. Mitt Romney, R-Utah.
Web value: $300 milion
Romney co-founded Bain Capital, a personal fairness and funding agency that grew to become one of many largest of its type within the nation.
5. Rep. Scott Peters, D-Calif.
Web value: $200 million
Peters, who labored as an environmental lawyer, made his cash in authorities securities and mutual funds.
Additionally on the celebritynetworth.com checklist are Rep. Michael McCaul, R-Texas ($120 million); Home Speaker Nancy Pelosi, D-Calif. ($120 million); Sen. Dianne Feinstein, D-Calif. ($110 million); and Sen. Richard Blumenthal, D-Conn. ($85 million).
In line with the web site, its web value estimates, at a minimal, keep in mind identified salaries, actual property holdings, divorce information, royalties, lawsuits and endorsements. The estimates incorporate a proprietary method that removes estimated taxes, supervisor’s charges, agent charges and way of life bills.
Right here’s the highest 5 from Enterprise Insider:
1. Sen. Rick Scott, R-Fla.
Web value: $200 million.
2. Rep. Michael McCaul, R-Texas.
Web value: $125 million.
3. Rep. Darrel Issa, R-Calif.
Web value: $115 million.
4. Rep. Vern Buchanan, R-Fla.
Web value: $113 million.
Buchanan’s wealth primarily comes from his possession of a number of automotive dealerships, along with a restricted legal responsibility firm that was labeled as “Plane Holding & Leasing.” He additionally based American Speedy Printing within the late Seventies.
5. Sen. Dianne Feinstein, D-Calif.
Web value: $96 million.
The vast majority of Feinstein’s wealth is from her husband, Richard Blum, in keeping with her monetary filings. Blum is an investor and the president and chairman of Blum Capital, a personal fairness firm.
Romney checks in at No. 7 on Enterprise Insider’s checklist, with an estimated web value of $85 million.
Enterprise Insider compiled annual monetary disclosures for 2020 that members of Congress are required to file, analyzing hundreds of pages of paperwork to estimate their minimal and most web value.