25 richest members of Congress

Every year, every member of Congress is expected to file a complete financial disclosure report.

The filings, which are intended to increase openness, expose each member of Congress' income and holdings, as well as any conflicts of interest and breaches of federal law.

GAG analyzed hundreds of pages of documentation from members' annual declarations made this year to determine the minimum and maximum net worth of members of the US Senate and House of Representatives, including nonvoting delegates. The value of members' assets is disclosed in broad ranges.

The records cover the year 2020, a year in which the world's wealthiest people amassed billions of dollars. The 2020 financial reports are the most up-to-date financial paperwork from Congress; 2021 financial disclosures are not due until mid-May. Because of the pandemic, filers for the 2020 fiscal year have been given an extra three months to complete their declarations.

Reps. Troy Carter, Melanie Stansbury, and Jake Ellzey, all newcomers to Congress, have yet to file their official financial disclosure forms. These members' "candidate reports," some of which include financial data through 2021, were used by Insider.

Members of Congress come from many walks of life, from local politics to business and entrepreneurship to professional sports, and their fortunes are diverse. The top 15 members of Congress had a combined net worth of at least $1.3 billion, accounting for half of the entire estimated wealth in Congress.

Starting at number 25, here are the wealthiest members of Congress based on their minimum estimated net worth:

 

25. Rep. Sara Jacobs, a Democrat from California: $21,428,125

Rep. Sara Jacobs
Rep. Sara Jacobs
Chance Yeh/Getty Images for Power 100 Lunch
Nearly majority of Jacobs' fortune is held in a trust that was established in 2009. Jacobs is a newbie to Congress in 2021. The trust holds government securities, mutual funds, and more than $6 million in Qualcomm stock, which her grandpa, Irwin M. Jacobs, co-founded.

Jacobs has more than $100,000 invested in Apple, Microsoft, and Mastercard stocks, among other significant firms.

In her financial statement, Jacobs cited one liability: a mortgage on a house in Washington, DC, valued at least $500,000.
 
 

24. Rep. John Rose, a Republican from Tennessee: $23,362,065

Rep John Rose
Rep. John Rose.
AP Photo/Susan Walsh

Rose, who was elected to Congress in 2019, has an interest in a number of residential complexes around the country. Rose also possessed at least $500,000 in Citizens Bank shares and more than $100,000 in Alphabet stock, as well as 100% ownership of Rose Farm, which was valued at between $5 million and $25 million.

Rose provided details for only one liability: a monthly credit card balance of at least $15,001.

 
 

23. Rep. Fred Upton, a Republican from Michigan: $24,692,218

Rep. Fred Upton
Rep. Fred Upton.
Bill Clark/CQ-Roll Call, Inc via Getty Images)
Upton's money is mostly derived from Whirlpool, an appliance firm founded by his grandparents and in which the congressman owns at least $1 million in stock. Upton also stated that he has Pepsi stock worth at least $1 million. Apple, Raytheon, Amazon, Alphabet, Facebook, and Texas Instruments are among Upton's other major holdings.

One liability was listed by the representative: a JPMorgan Chase mortgage valued at least $15,001.
 
 

22. Rep. Dean Phillips, a Democrat from Minnesota: $24,778,495

Rep. Dean Phillips
Rep. Dean Phillips.
Bill Clark/CQ-Roll Call, Inc via Getty Images
Phillips owns a variety of enterprises, as well as shares, mutual funds, government securities, numerous life insurance plans, and hedge funds. He is the cofounder of Penny's Coffee, a coffee shop chain located in Minnesota, as well as the former chairman and CEO of Talenti Gelato and Phillips Distilling Company.

Phillips possessed more than $250,000 worth of Apple shares, at least $50,000 worth of Facebook stock, and over $1 million in the SPDR S&P 500 Trust ETF.

Phillips, who was elected to Congress in 2019, acknowledged having at least $2 million in mortgage debt.

Phillips put his assets in a qualified blind trust recognized by the House Committee on Ethics in July, which means he'll have limited influence over them while in Congress.
 
 

21. Rep. Kevin Hern, a Republican from Oklahoma: $26,761,380

Rep. Kevin Hern, a Republican of Oklahoma, speaks during a Republican Study Committee press conference on Wednesday, May 19, 2021.
Rep. Kevin Hern.
Bill Clark/CQ-Roll Call, Inc via Getty Images
Hern's fortune is divided between trusts and IRAs owned by him and his family. Mutual funds, equities, and electronic money are all included in the trusts. Hern and his family owned over $250,000 worth of Amazon shares, at least $100,000 worth of Alphabet stock, and more than $530,000 worth of Microsoft stock.

Hern revealed two liabilities: at least $500,000 spent on a McDonald's restaurant and at least $1 million spent on a separate firm by his spouse.

In 2021, Hern violated the STOCK Act by failing to properly disclose stock trades worth at least $1.06 million and as much as $2.7 million. Hern joined the House of Representatives in 2018.

 
 

20. Rep. Kathy Manning, a Democrat from North Carolina: $27,202,287

Rep. Kathy Manning
Rep. Kathy Manning.
Bill Clark/CQ-Roll Call, Inc via Getty Images
Government securities, mutual funds, exchange-traded funds, real estate, and equities make up Manning's fortune. Alphabet, Apple, Starbucks, Disney, Microsoft, Nike, Johnson & Johnson, and Pfizer were among the stocks Manning and her husband owned.

Manning also owns Stonefield Cellars Winery in North Carolina, according to his disclosure.

The congresswoman listed two liabilities that belonged to her husband: $1.5 million in credit lines.

She is a newbie to Congress, having been elected in the year 2021.
 
 

19. Rep. Don Beyer, a Democrat from Virginia: $29,805,092

Don Beyer
Rep. Don Beyer.
Tom Williams/CQ-Roll Call, Inc via Getty Images
All of Beyer's assets were held in common, and included equities, government securities, and real estate.

Beyer had at least $8.6 million in obligations, nearly entirely in the form of mortgages on different properties he owned.
 
 

18. Rep. David Trone, a Democrat from Maryland: $32,927,094

David Trone
Rep. David Trone.
Michael Brochstein/SOPA Images/LightRocket via Getty Images
Trone's fortune is split between mutual funds, exchange-traded funds, and ownership of Total Wine & More, a chain of wine, beer, and spirits stores with locations across the country.

Trone's wife has ownership in Alphabet, Apple, and Pepsi, among other companies. In his financial papers, he listed only one liability: a business loan from PNC Bank valued at least $5 million.

Trone is a new member of Congress, having taken office in 2019.
 
 

17. Rep. Jay Obernolte, a Republican from California: $39,250,014

Jay Obernolte
Rep. Jay Obernolte.
AP Photo/Rich Pedroncelli, Pool
Obernolte's riches is mostly derived from his ownership of FarSight Studios, a video-game studio he founded in Big Bear Lake, California, in 1988. Obernolte, who was elected to Congress in 2019, has disclosed multiple million-dollar interests in Vanguard tax-managed mutual funds.

Obernolte did not disclose any debts or obligations.
 
 

16. Rep. Scott Peters, a Democrat from California: $39,738,062

Rep. Scott Peters
Rep. Scott Peters.
Tom Williams/CQ-Roll Call, Inc via Getty Images
Peters' net worth is primarily comprised of government bonds, however he and his wife have also invested in a number of mutual funds. Lynn Gorguze, the congressman's wife, is the president and CEO of Cameron Holdings, a private equity business.

Peters reported two "revolving credit" obligations totaling at least $30,000 in total.
 
 

15. Rep. Nancy Pelosi, a Democrat from California: $46,123,051

House speaker nancy pelosi
Rep. Nancy Pelosi.
Kent Nishimura / Los Angeles Times via Getty Images
Speaker of the House Nancy Pelosi disclosed her own fortune, which included real estate, mutual funds, and equities held by her husband. Pelosi's sole assets were her home in Napa, California, and a Wells Fargo bank account with less than $15,000 in it.

Slack, Tesla, Disney, Visa, Salesforce, PayPal, Alphabet, Facebook, and Netflix – firms that collectively spend tens of millions of dollars lobbying the federal government — were among Pelosi's husband's interests.

Pelosi's obligations totaled at least $20 million, the most of which were mortgages on houses in California and Washington, DC.
 
 

14. Rep. Frank Mrvan, a Democrat from Indiana: $49,848,004

Frank Mrvan
Rep. Frank Mrvan.
Bill Clark/CQ-Roll Call, Inc via Getty Images
Mrvan worked as a pharmaceutical sales representative and a mortgage broker before moving to Washington, DC.

Mrvan's fortune — estimated to be worth at least $50 million — is largely held in an Indiana public employees' retirement fund. The next-largest item in Mrvan's portfolio was his wife's 401(k), which was worth $100,000 to $250,000.

In his financial papers, Mrvan, a novice to Congress, listed three liabilities totaling at least $270,000: his house mortgage, an auto loan, and credit-card debt.
 
 

13. Rep. Suzan DelBene, a Democrat from Washington: $52,156,097

Rep. Suzan DelBene, a Democrat from Washington, speaks in front of the US Capitol.
Rep. Suzan DelBene.
Chip Somodevilla/Getty Images
DelBene was a Microsoft executive before joining Congress. DelBene and her spouse acknowledged owning shares in her previous firm valued at least $1.1 million.

DelBene's assets are divided amongst mutual funds, exchange-traded funds, and real estate funds.

In late 2021, DelBene appeared to violate the STOCK Act by improperly disclosing her husband's massive sale of Microsoft stock days before President Joe Biden nominated him for an administration post. DelBene's office denied that the congresswoman violated the law, citing an email from the Committee on House Ethics.

 
 

12. Rep. Peter Meijer, a Republican from Michigan: $60,514,285

Peter Meijer
Rep. Peter Meijer.
AP Photo/Carlos Osorio
Meijer, a member of the family behind the namesake Midwestern supermarket business, revealed that the majority of his money was kept in a "generation-skipping trust" that included shares in Johnson & Johnson, Home Depot, Tesla, and Visa, among other assets.

A mortgage, lines of credit, and promissory notes totaled at least $1.95 million in liabilities recorded by Meijer. In 2021, he was elected to Congress.
 
 

11. Rep. Roger Williams, a Republican from Texas: $67,438,045

roger williams
Rep. Roger Williams.
Associated Press/Carolyn Kaster
Williams' fortune is made up of mutual funds, a few choice equities, real estate, and the ownership of multiple Texas car dealerships valued more than $5 million. Williams also said that he had an interest in two aircraft leasing firms.

Lines of credit, mortgages, notes outstanding, and a loan totaled $4 million in liabilities for the lawmaker. Williams recently violated the STOCK Act by failing to properly file three stock transactions by his wife. 
 
 

10. Rep. Doris Matsui, a Democrat from California: $73,872,062

Doris Matsui
Rep. Doris Matsui.
AP
Roger Sant, Matsui's husband, is the founder of AES Corporation, a Fortune 500 holding firm focused on energy generation and delivery.

Exchange-traded funds, money market funds, limited liability companies, and trusts were among Matsui's publicly traded interests. She had at least $165,000 in obligations from multiple institutions in the form of credit card debt.
 
 

9. Rep. Trey Hollingsworth, a Republican from Indiana: $74,629,062

Trey Hollingsworth
Rep. Trey Hollingsworth.
Sarah Silbiger-Pool/Getty Images

According to his financial statement, Hollingsworth's fortune is mostly derived from his work with Hollingsworth Capital Partners, a Tennessee firm that develops and distributes industrial buildings in 17 states.

 
 

8. Sen. Richard Blumenthal, a Democrat from Connecticut: $85,231,232

Sen. Richard Blumenthal
Sen. Richard Blumenthal.
Ken Cedeno-Pool/Getty Images
Blumenthal's money is virtually completely controlled by his wife, Cynthia Malkin, who has reported millions of dollars in hedge funds, equities, real estate, and property partnerships. Malkin's father, Peter L. Malkin, is the chairman emeritus of Empire State Realty Trust and the chairman of Malkin Holdings. Empire State Realty Trust is a commercial office and retail leasing agency for units across Manhattan, including the Empire State Building.

Blumenthal's main financial burden was a 30-year mortgage on his home that he and his wife took out in 2011.
 
 

7. Sen. Mitt Romney, a Republican from Utah: $85,269,083

Mitt Romney
Sen. Mitt Romney.
Anna Moneymaker/Getty Images
Romney's fortune stems largely from his success at Bain Capital, a private equity investment business where he climbed to the position of CEO. Romney's money is mostly invested in Goldman Sachs mutual funds.

Ann Romney, Mitt Romney's wife, has a sizable investment portfolio that includes millions in private equity and hedge funds.

Romney's wife had at least $4.5 million in obligations, all of which were classified as "capital commitments."
 
 

6. Sen. Mark Warner, a Democrat from Virginia: $93,534,098

Mark Warner
Sen. Mark Warner.
SAUL LOEB/POOL/AFP via Getty Images

Before entering politics, the three-term senator and former governor of Virginia led Columbia Capital, a venture capital firm, and Capital Cellular Corporation, a telecommunications company. Mutual funds, private-equity firms, and hedge funds are among Warner's assets.

 
 

5. Sen. Dianne Feinstein, a Democrat from California: $96,518,036

Dianne Feinstein
Sen. Dianne Feinstein.
Anna Moneymaker/The New York Times via AP, Pool
According to her financial disclosures, the majority of Feinstein's fortune comes from her husband, Richard Blum. Blum is a private equity investor and the president and chairman of Blum Capital. Feinstein had over $1 million in a savings account, and a large amount of her fortune — at least $25 million — was maintained in a blind trust.

Feinstein disclosed three liabilities at a total of at least $3 million, all of which belonged to her husband.

Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act.

 
 

4. Rep. Vern Buchanan, a Republican from Florida: $113,384,088

UNITED STATES - JUNE 18: Rep. Vern Buchanan, R-Fla., arrives for the House Republican Conference meeting in the basement of the Capitol on Wednesday, June 18, 2014. (Photo By Bill Clark/CQ Roll Call)
Rep. Vern Buchanan.
Bill Clark/CQ Roll Call
Buchanan's fortune stems mostly from his ownership of many vehicle dealerships, as well as a limited liability corporation dubbed "Aircraft Holding & Leasing" and estimated to be worth $25 million to $50 million. In the late 1970s, Buchanan created American Speedy Printing, a printing firm.

Buchanan disclosed multiple obligations totaling at least $14 million in his financial disclosures, including loans for a jet and a boat associated with the LLC.

After Rep. Devin Nunes announced his departure to join the CEO of a new social media firm launched by former President Donald Trump, Buchanan may have the ability to dictate American tax policy in the next years.
 
 

3. Rep. Darrell Issa, a Republican from California: $115,850,012

Darrell Issa
Rep. Darrell Issa.
AP
Much of Issa's money stems from his stint as the CEO of Directed Electronics and a car-alarm system dubbed Steal Stopper. Issa's assets are all jointly held, according to his financial disclosures. Issa's wealth is mostly kept in diverse stock funds and his ownership of homes in California and Ohio, and he did not record owning any particular stocks.

Issa revealed only one liability: a margin account that owes him more than $50 million.

The congressman served in Congress for 18 years before stepping down to become President Donald Trump's choice to lead the United States Trade and Development Agency. In 2021, he returned to Congress.
 
 

2. Rep. Michael McCaul, a Republican from Texas: $125,880,292

Rep. Michael McCaul
Rep. Michael McCaul.
Kevin Dietsch/Getty Images
McCaul is widely regarded as the second-wealthiest member of Congress, despite the fact that none of the assets or properties included in his 65-page financial statement were his alone, or those of his wife or dependent children. Linda, the daughter of the founder of the media conglomerate iHeartRadio, is the source of the majority of his income.

Millions of dollars in limited liability companies and iShares funds, as well as at least $250,000 in Netflix stock, were disclosed by the McCaul family.

In his financial disclosure, McCaul did not identify any obligations or debts.
 
 

1. Sen. Rick Scott, a Republican from Florida: $200,327,223

DJT and Rick Scott
Sen. Rick Scott.
Mark Wallheiser/Getty Images
Through his significant interests in stocks, bonds, LLCs, private-equity funds, gold trusts, and government notes, Scott, who took office in 2019, clinched his No. 1 place on the list. Scott has a small number of individual equities.

Columbia Hospital Corporation (formerly HCA Healthcare) and Solantic are two of the senator's healthcare enterprises. He was also a venture capitalist, investing in a number of technology and healthcare firms.

In his files, Scott made no mention of any obligations or debts.
 

The five least-wealthy members of Congress

August Pfluger
Rep. August Pfluger.
Ken Cedeno-Pool/Getty Image

The minimal sum of liabilities for a few members of Congress substantially exceeded the minimum total of their stated assets.

High-cost mortgages were the source of these five members' negative assessed wealth:

  • Rep. Lucille Roybal-Allard, a Democrat from California: -$1,008,000
  • Rep. Steven Horsford, a Democrat from Nevada: -$1,047,992
  • Sen. Cynthia Lummis, a Republican from Wyoming: -$1,401,991
  • Sen. Tammy Duckworth, a Democrat from Illinois: -$1,877,936
  • Rep. August Pfluger, a Republican from Texas: -$2,000,002
 
 

Methodology

Computer graphics of dollar banknotes stream flying around United States Capitol. Colorful twilight sky with clouds in backgrounds Stock Photo/Getty Images

Members of Congress are only required to reveal asset values in wide categories, such as $15,000 to $50,000. Insider's assessments are cautious estimates based on members' minimal disclosures. The net worth of each member of Congress was estimated by subtracting their minimum disclosed liabilities from their minimum asset values.

Because lawmakers are not obligated to reveal certain types of personal assets, such as the value of their primary property, Insider's estimates exclude these assets.

Reps. Ro Khanna of California, Vicente Gonzalez of Texas, Kurt Schrader of Oregon, and Harold Rogers of Kentucky were among four members of Congress whose disclosures were particularly difficult and long, involving hundreds of pages of handwritten or scanned records.

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