Congressional wealth is reported annually, and even though they have access to the same investments as the American public, they are far wealthier.
How Rich is Congress
Networth of Congress members varies widely. The top 10 richest members of the senate have an average net worth of around $135 million.
Whereas, members at the bottom have a negative net worth.
The median net worth of senators from 2008 to 2018 has hovered around $2.4 million and $800k in respect of house representatives.
But as of 2020, over half of the members of Congress were millionaires and the median net worth of members was approximately $1 million.
Senators receive $174,000 in salary per annum.
Analysis shows that most of the wealth (in the case of the top 10 richest members) is made in their past careers as business executives, entrepreneurs or due to family inheritance and relationships.
They are already millionaires before joining politics.
10 Wealthiest Member of Congress
#1. Sen. Rick Scott, from the State of Florida
Rick, was the 45th governor of Florida before joining congress. He held the governor post from 2011 to 2019.
Rick co-founded Columbia Hospital Corporation in 1987 while he was a young businessman. Ten years later in 1997, he resigned and worked as a venture capitalist investing in several healthcare and technology companies.
Rick Scott has an estimated net worth of $259.7 million. Rick made most of his wealth from the above ventures.
#2. Sen. Mark Warner, from the State of Virginia
Before getting elected to the senate in 2008, Mark Warner was the governor of Virginia. He held the post from 2002 to 2006.
Mark Warner’s net worth is approximately $214 million.
Mark founded Columbia Capital, a venture capital firm early in his business career. Columbia capital was an early investor in a number of technology companies, including Nextel.
Mark also co-founded Capital Cellular Corporation.
Mark’s net worth of more than $200 million is attributed to his business ventures.
#3. Rep. Greg Gianforte, from the State of Montana
Greg Gianforte is the 25th governor of Montana. From 2017 to 2021 Greg served for Montana’s at-large congressional district.
Greg is a software engineer by profession.
Greg started Brightwork Development Inc which he later sold to McAfee.
Next, he cofounded RightNow Technologies along with his wife Susan. RightNow Technologies was later acquired by Oracle for $1.5 billion in 2011.
Greg Gianforte’s net worth is around $189 million.
#4. Sen. Mitt Romney, from Utah State
Senator Mitt Romney served as the 70th governor of Massachusetts from 2003 to 2007. Later in 2012, Mitt Romney lost to Barack Obama as presidential candidate.
Business highlights include co-founding Bain Capital – the largest private equity investment firm.
Mitt Romney’s net worth – is $174 million.
#5. Rep. Vernon Buchanan, from the State of Florida
Vernon Buchanan made his way to Congress in 2007. He represents Florida’s 13th congressional district.
Vernon’s net worth of approximately $157 million is attributed to –
- his car dealership business (Honda and Acura) and
- Re-insurance companies – Jamat Reinsurance Co and Buchanan Reinsurance Co.
#6. Rep. Darrell Issa, from California
From 2001 to 2019 Darrell served in the US house of representatives first for North County’s 48th district and later for the 49th district.
Since 2021 he is representing California’s 50th congressional district.
Darrell early on went to military service. After leaving military service, Darrell co-founded Directed Electronics in 1982.
Darrell Issa’s net worth is approximately $115 million.
#7. Sen. Dianne Feinstein, California State
Dianne Feinstein is the oldest sitting U.S. senator.
Dianne was mayor of San Francisco from 1978 to 1988. She entered the US Senate through a special election in 1992.
Senator Feinstein was the first woman mayor of San Francisco and the first woman elected Senator of California.
Dianne Feinstein’s net worth of around $96 million comes from her husband’s Blum Capital.
#8. Sen. Richard Blumenthal, from Connecticut
Richard is a senior senator from Connecticut. Networth of Richard Blumenthal and his wife Cynthia Malkin is about $85 million.
Cynthia Malkin holds investments in various hedge funds, stocks, and real estate and property partnerships.
#9. Rep. Trey Hollingsworth, from Indiana
Wharton graduate Tery founded Hollingsworth Capital Partners in 2004.
The company specializes in renovating and rebuilding old manufacturing sites with over 11 million square feet under operation.
Estimated Trey Hollingsworth net worth is $74 million
#10. Rep. Roger Williams, from Texas
Roger Williams represents Texas 25th congressional district since 2013.
Roger owns several car dealerships, the first one being inherited from his family.
His net worth includes investments in mutual funds, stocks, real property, and stakes in two aircraft-leasing companies.
Estimated Roger Williams’ net worth is $67 million.
Networth of Congress Members
Networth of few other congress members are under –
|
Suzan DelBene networth |
Representative |
$52 million |
|
Nancy Pelosi networth |
Representative |
$46 million |
|
John Hoeven networth |
Senator |
$47 million |
|
James Risch networth |
Senator |
$42 million |
|
Ron Johnson networth |
Senator |
$39 million |
|
Scott Peters networth |
Representative |
$39 million |
|
Mitch McConnell networth |
Senator |
$34 million |
|
Don Beyer networth |
Representative |
$29 million |
|
Kevin Hern networth |
Representative |
$26 million |
|
Fred Upton networth |
Representative |
$24 million |
|
Sara Jacobs networth |
Representative |
$21 million |
|
John A Yarmuth networth |
Representative |
$17 million |
|
Micheal Bennet networth |
Senator |
$15 million |
|
Mike Kelly networth |
Representative |
$12 million |
|
Rob Portman networth |
Senator |
$10 million |
|
Elizabeth Warren |
Senator |
$7 million |
On the flip side, below is the list of the bottom few congress members with negative net worth.
10 Poorest Members of Congress*
|
Alcee L Hastings networth |
Representative |
-$7 million |
|
Emanuel Cleaver networth |
Representative |
-$2 million |
|
Bobby L Rush networth |
Representative |
-$2 million |
|
Todd Young networth |
Senator |
-$1 million |
|
Marco Rubio networth |
Senator |
-$1 million |
|
Bill Cassidy networth |
Senator |
-$1 million |
|
Jim Langevin networth |
Representative |
-$1 million |
|
Tim Scott networth |
Senator |
-$1 million |
|
Brain Schatz networth |
Senator |
-$0.5 million |
|
Doug Collins networth |
Representative |
-$0.2 million |
* Networth as of 2018
