Skip to main content

House Oversight Committee Chairman Darrell Issa No. 1 On The Hill’s 50 Wealthiest List

The Hill has released its list of the 50 wealthiest people in Congress. Taking the top spot for 2012 is House Oversight Committee Chairman Darrell Issa with a net worth of at least $355 million. Issa made the majority of his money with the Viper car security system. Coming in second on the list was last year’s top finisher, Rep. Michael McCaul of Texas, who ended 2012 with a net worth of at least $101 million. McCaul’s wife, Linda, is the daughter of Clear Channel Communications founder Lowry Mays.

Twenty-nine of the 50 lawmakers who made the cut are members of the Republican Party. This is the third year in a row that politicians from the right have dominated the list. Thirty-seven of the lawmakers on the list are from the House and the other 13 are members of the Senate.

One possible Democratic presidential hopeful for 2016, Sen. Mark Warner, came in third on the list with a minimum net worth of $88.5 million.

Two possible Republican presidential hopefuls, Sen. Rand Paul, Ky., and Sen. Marco Rubio, Fla., were not nearly as fortunate in 2012. Paul's wealth was measured at about $455,000 and Rubio only had a net worth of about $190,000, The Hill reported.

To create the list, the Hill used financial disclosure forms covering the 2012 calendar year. The numbers are not 100 percent accurate because the forms provide value ranges instead of actual figures.

“The Hill adds up the low figures in each value range for every asset and liability," according to the list. "Then, the sum of a lawmaker's liabilities is deducted from the sum of his or her assets to calculate a minimum net worth.”

Sources: The Hill, News Talkers


Popular Video