Members Of Congress With The Highest Net Worth

AAA

Rep. Michael McCaul

Net Worth: $305.46 million

If this were a competition, it would be a blowout victory for Rep. Michael McCaul from Texas. Apparently, the way to make it into the top two spots is to marry a rich woman because that is what McCaul did. This lawyer and Federal prosecutor did well on his own, but nothing compared to certain assets his wife received as gifts from her parents. McCaul's wife, Linda, is the daughter of Clear Channel Communications Inc. CEO and founder, Lowry Mays. As a result, the family has many assets held in trusts.

  1. No results found.
Related Articles
  1. Investing

    Who Are the 7 Wealthiest Congressmen?

    A look at how the seven wealthiest members of the House of Representatives made their fortune.
  2. Retirement

    How the Congressional Retirement Plan Compares to the Average

    There are more retirement plan options for a member of United States Congress than for the average average citizen.
  3. Investing

    What High Net Worth Means

    A high net worth individual is someone with many liquid financial assets.
  4. Personal Finance

    What's Your Net Worth Telling You?

    Net worth provides a road map for retirement - learn if you're headed in the right direction.
  5. Investing

    The Importance Of Knowing Your Net Worth

    It is vital that you track your net worth no matter what your age.
  6. Personal Finance

    Why Marriage Makes Financial Sense

    Getting married has many financial positives. Here are some of them.
  7. Managing Wealth

    How To Parent Your Aging Parents

    For sandwich generation, planning ahead is key to good elder care.
  8. Personal Finance

    How to Talk to Your Family About Christmas Gift Budgets

    Talking Christmas gift budgets with family members can be hard, but having the talk will help you stay on track financially.
  9. Managing Wealth

    The Complete Guide To Calculating Your Net Worth

    Here's everything you need to know about calculating your net worth.
Hot Definitions
  1. Applicable Federal Rate - AFR

    Rates published monthly by the IRS for federal income tax purposes. These rates are used to calculate assigned interest charges. ...
  2. Foreign Exchange Reserves

    Foreign exchange reserves are reserve assets held by a central bank in foreign currencies, used to back liabilities on their ...
  3. North American Free Trade Agreement - NAFTA

    A regulation implemented on Jan. 1, 1994, that decreased and eventually eliminated tariffs to encourage economic activity ...
  4. Trickle-Down Theory

    An economic idea which states that decreasing marginal and capital gains tax rates - especially for corporations, investors ...
  5. Derivative

    A security with a price that is dependent upon or derived from one or more underlying assets.
  6. Fiduciary

    A fiduciary is a person who acts on behalf of another person, or persons to manage assets.
Trading Center