84.2 F
Fort Worth
Wednesday, August 5, 2020

Texans on list of richest, poorest members of Congress

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

WASHINGTON — U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015, according to a new list released by Roll Call.  

McCaul, whose wife’s father was the founder of Clear Channel Communications, has been a regular at the top of the yearly list. He is joined in the top 50 by fellow Texas Congressmen Roger Williams, R-Austin, Kenny Marchant, R-Coppell, and Lloyd Doggett, D-Austin. 

On the other side, U.S. Rep. Rubén Hinojosa, D-Edinburg, was named one of Congress’ poorest members. 

Each year, Roll Call’s reporters scour each member’s financial disclosure forms to determine the “Wealth of Congress.”  

Here’s a look at what it found for the Texans on the richest and poorest lists. For more on Roll Call’s Wealth of Congress list, read the paper’s full article.  

The Richest 

#2 U.S. Rep. Michael McCaul, R-Austin  

Net Worth: $108 million  

How he got there: All of McCaul’s assets are listed in the name of his wife Linda McCaul, the daughter of Clear Channel CEO founder Lowry Mays, or in the names of his children.   

#16 U.S. Rep. Roger Williams, R-Austin  

Net Worth: $27 million 

How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. 

#31 U.S. Rep. Kenny Marchant, R-Coppell  

Net Worth: $14 million  

How he got there: Marchant was originally a real estate developer; most of his assets are tied up in investments.  

#33 U.S. Rep. Lloyd Doggett, D-Austin  

Net Worth: $13 million  

How he got there: Doggett’s wealth is tied up in Travis County rental properties, retirement income from his Texas Legislature tenure and assets wrapped up in stocks and mutual funds.   

The Poorest 

#536 U.S. Rep. Ruben Hinojosa, D-Edinburg 

Net Worth: -$900,000 

How he got there: Roll Call writes that “a massive arbitration award exceeding $1 million against Hinojosa from a failed food business — along with tens of thousands of dollars of unpaid tax bills for that business” put Hinojosa as the sixth-poorest member.  

This article originally appeared in The Texas Tribune at http://www.texastribune.org/2015/10/29/texans-make-richest-poorest-members-congress/.

- Advertisement -
- Advertisement -

Latest News

Fort Worth Council hears preliminary report on police policies

The Fort Worth City Council heard a preliminary report from an independent panel of national experts that has...

Fort Worth to focus on increasing women’s representation on boards and commissions

Mayor Betsy Price is making a push for gender parity and greater diversity on Fort Worth’s boards and...

Dallas developer facing bribery charges put on house arrests

DALLAS (AP) — A Dallas real estate developer has been put on house arrest after two federal judges found that he violated...

Tarrant County reports 5 COVID deaths on Tuesday

Tarrant County Public Health on Tuesday, Aug. 4 reported five COVID-19 deaths. The deceased include a woman in her 60s and a...

USS Fort Worth Support Committee gets new executive director

Hanna Bell is the new executive director of the USS Fort Worth Support Committee, returning to her hometown...