72 F
Fort Worth
Friday, September 25, 2020
- Advertisements -
CCBP Texans on list of richest, poorest members of Congress

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/.

- Advertisements -
- Advertisements -

Latest News

East Texas official arrested for alleged mail-in voter fraud involving 2018 Democratic primary for local seat

By Emma Platoff, The Texas Tribune Sept. 24, 2020 "East Texas official arrested for...

As part of revived federal death penalty, Christopher Vialva executed for Texas double murder

By Jolie McCullough, The Texas Tribune Sept. 24, 2020 "As part of revived federal...

Houston sampling wastewater to track spread of COVID-19By JUAN A. LOZANO Associated PressHOUSTON (AP) — Results from a program that's testing Houston's...

Justice Dept. expected to file antitrust action vs. Google

By MICHAEL BALSAMO and MARCY GORDON Associated PressWASHINGTON (AP) — The Justice Department is expected to bring an antitrust action against Google...

Texas Rangers foundation hosting voter registration, food drive on Friday

The Texas Rangers Baseball Foundation is hosting a Voter Registration and food drive event tomorrow, Friday, September 25. The...