Politics & Government

Report examines Congress members’ net worth

Wealth and politics typically go hand in hand.

That much can be gathered from the Center for Responsive Politics’ annual report, which examined the 2014 personal financial disclosure statements of those in Congress.

The 534 members of Congress do, after all, have an annual salary of $174,000 that was last raised in 2009. They could see their pay go up again in 2016 by as much as $3,000, or not at all, according to a Congressional Research Service report. The current salary places members of Congress in the top seven percent of annual household earnings in the country, according to 2012 U.S. Census Bureau data tabulated by Sentier Research.

U.S. Rep. Glenn Thompson, R-Howard Township, placed 419th with an average net worth of $274,004.

“Everything I have is because of my wife,” Thompson said.

He credited his wife’s financial management with making their family goals possible and stressed the importance of responsibility for personal and government finances.

Thompson’s average net worth is well below the $1.1 million median, set by Rhode Island Democrat David Cicilline. The average net worth of Congress is $8.2 million, topped by 76 members.

Pat Toomey, R-Pa., was placed at an average net worth of $3.3 million, and Bob Casey, D-Pa., at $668,509.

U.S. Rep. Darrel Issa, a California Republican, has an average net worth of $436.5 million, making him the wealthiest. The 417 least wealthy congress members have a combined net worth of $436.8 million.

The top 14 members make up about half the combined $4.393 billion net worth of Congress; and the top 10 percent, 53 members, are worth $3.4 billion.

The 20 Pennsylvania members are worth a combined $45.5 million, one percent of Congress’ wealth.

Shawn Annarelli: 814-235-3928, @Shawn_Annarelli

Top 5 Congress members — Average net worth

1. Darrell Issa, R-Calif., $436.5 million (H)

2. Jared Polis, D-Colo., $387.9 million (H)

3. Mark Warner, D-Va., $242.9 million (S)

4. John K. Delaney, D-Md., $214.9 million (H)

5. Michael McCaul, R-Texas, $160.3 million (H)

  Comments