Legislation of millionaires
Information on members of the legislation bodies in most countries of the world where prevail rich and very rich people refutes the proverb “He that is warm thinks all so”. Despite their significant difference from voters represented “the servant of the people making great efforts” in order to do something good for the voters. They issue a law for law, in order to make voters life easier and improve well-being.Sometimes they forget about themselves and as result in everyday life behave by the underworld rules and unwritten laws.
It is so everywhere: in Azerbaijan, Bulgaria, Greece, Japan, Hungary, Kazakhstan, Mexico, Russia, Tanzania and the USA (countries listed in alphabetical order and taken free).
Thus, in the womb of democracy, in the United States an average net worth of Senators is more than $14 million and the average net worth of a member of the House of Representatives is nearly $6 million. But some lawmakers are well above this level. According to financemot, to the 15 richest members of Congress to date are included (count them down from No. 15 to No. 1)
15. Rep. Rick Berg is worth $23.8 million.
Berg owns lots of North Dakota farmland, where most of his money comes from, and also owns hundreds of thousands of dollars worth of cattle.
14. Rep. Diane Black is worth $24.8 million.
Black — a former nurse — is married to Dr. David Black, whose investments have been performing particularly well. The couple also owns lots of real estate.
13. Rep. Nancy Pelosi is worth $26.4 million.
Pelosi’s husband, Paul, is an investor. He holds a stake in the United Football League and has investments in a wide array of companies.
12. Rep. Chellie Pingree is worth at least $31.8 million.
Pingree shot up the list this year after her marriage to hedge fund manager Donald Sussman. Sussman has been described as a billionaire by some sources.
11. Rep. Vern Buchanan is worth $36.5 million.
Buchanan made his money through a printing company franchise and a series of auto dealerships.
10. Rep. Jim Renacci is worth $36.7 million.
Renacci is a self-made millionaire who founded LTC Management Services prior to coming to Congress. He’s also got assets in five mutual funds.
9. Sen. Dianne Feinstein is worth $47.2 million.
Feinstein is married to investment banker Richard Blum, who owns a huge and diversified portfolio.
8. Sen. Frank Lautenberg is worth $56.9 million.
Lautenberg started Automated Data Processing, the massive payroll company, prior to taking a seat in the Senate. He also has a stake in Amazon.com that is worth quite a bit of money.
7. Sen. Richard Blumenthal is worth $80.1 million.
Blumenthal is married to Cynthia Malkin, the daughter of real estate mogul Peter Malkin. The pair’s stake in Malkin Holding became worth a lot more in 2011 and they share a number of trusts.
6. Sen. Jay Rockefeller is worth $83.1 million.
Rockefeller is the great-grandson of John D. Rockefeller, one of the richest men in history. Most of his money is derived from various trusts and investments.
5. Senator Mark Warner is worth $85.9 million.
Warner made his money as a broker for telecommunications contracts in the eighties. He was the founder and Managing Director of Columbia Capital and made a fortune as an early investor in Nextel prior to becoming the Governor of Virginia. He’s now got a diverse portfolio and has assets in a number of investment funds.
4. Rep. Jared Polis is worth $91.1 million.
Polis started American Information Systems while at Princeton and later would go on to help launch websites like ProFlowers.com.
He’s got a hugely diversified portfolio and is invested in many tech companies.
3. Rep. Darrell Issa is worth $140.6 million.
Issa made his money with Directed Electronics, a company that he founded. They are the largest manufacturer of car alarms, and it’s Issa’s voice you hear when “Please Step Away From The Vehicle” sounds off.
2. Sen. John Kerry is worth $198.8 million.
Kerry’s wealth increased by $5 million this year. Most of Kerry’s money comes from his wife Theresa, an heiress to the Heinz Ketchup fortune.
Kerry also has a diverse portfolio and investments in multiple funds and land.
1. Rep. Michael McCaul is worth $290.5 million.
McCaul’s father-in-law is the founder of Clear Channel Communications, the radio powerhouse company. Most of his wealth is tied up in family trusts and various partnerships.
The members of parliaments of the post-Soviet countries are also all the millionaires, not taking into account certain types committed to the legislative process as a camouflage. It is easier to list those who do not have millions and billions. Of course, should keep in mind an exchange rate.
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