Friday, October 22, 2021
59.2 F
Fort Worth

Texans on list of richest, poorest members of Congress

🕐 2 min read

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/.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate