Sen. Warner Among Wealthiest Members of Congress
Calculations from the Center for Responsive Politics are based on Congress members' self-disclosures and estimates.
Sen. Mark Warner (D-Va.) is the second wealthiest senator in the U.S. Senate, according to calculations from the Center for Responsive Politics published in The Washington Post Tuesday.
The calculations are broad estimates based on Congress members’ own disclosures of their assets and liabilities, not including their home. The disclosure forms do not require exact numbers—just estimated ranges. The calculations then are based on the midpoint of each range, subtracting liabilities from assets.
Warner’s net worth for 2010 was estimated to be upwards of $192 million, second only to Massachusetts Sen. John Kerry, who’s net worth in 2010 was estimated to be north of $231 million.
Virginia’s other U.S. senator, Jim Webb, has an estimated net worth of $6.1 million, putting him in 35th place among his peers.
In the House, the wealthiest representatives are from California and Texas. Based on 2010 disclosures, California Republican Darrell Issa, who represents the area around Marine Corps Base Camp Pendleton, had an estimated net worth of $448 million. California Democrat Jane Harman had an estimated net worth of more than $326 million. Texas Republican Michael McCaul had an estimated net worth of about $380 million.
The wealthiest representative from Virginia is Republican Scott Rigell, who had a 2010 estimated net worth of $21.9 million. Rep. Rigell is in the 2nd district, located in southeastern Virginia.
Rep. Frank Wolf, a Republican who represents Virginia’s 10th district including Chantilly, Ashburn and Leesburg, had an estimated net worth of about $472,000.
Democrat Rep. Gerry Connolly had an estimated net worth of about $2 million. His 11th district includes Dale City, Burke, Springfield and Oakton.
Rep. Jim Moran, also a Democrat, had an estimated net worth in 2009 of more than $3 million. His estimated net worth in 2010 was $0. Rep. Moran’s 8th district includes Alexandria and Arlington.
In November, the Center for Responsive Politics reported that 250 members of Congress are millionaires and the divide between the wealth of politicians and the people they represent is growing.
Ritchie
7:42 pm on Wednesday, December 28, 2011
What has all this got to do with performing in an elective office to the benefit of the incumbent's constituency?
Slim Charles
9:59 pm on Wednesday, December 28, 2011
Is your question rhetorical? It's naive to assume that the personal experiences of congressmen have no effect on their ability to effectively represent constituents with life experiences that are so far removed from their own.