There are two things that are unique about the 113th Congress. First, there's a record number of women in the Senate and House of Representatives (20 in the Senate, and 78 in the House). Second, out of the 534 members, 268 had an average net worth of a million dollars or more, making this possibly the richest Congress in history.
While it's unarguably good news that more women are represented in positions of power in the U.S., it's still worth noting that they remain a small percentage of the total number of Congress. In fact, they only represent about 18% of the total positions. But there's still room for optimism. Of the Congresswomen, over a quarter of those are newcomers, meaning they were newly elected, giving hope that perhaps we will eventually see more and more women joining their ranks in the long term. It's slow, but at least it's progress.
And since we're talking about one of the richest Congresses in history, it's also worth looking at how many of the richest members of Congress are women. Sadly, not many. According to Roll Call's annual list of the top 50 wealthiest members of Congress, which considers both assets and liabilities, only nine on the list are female. So who are these nine women who stand out in a group composed primarily of wealthy men? Well, they come from both sides of the political spectrum, Republican and Democrat alike. And they come from all over this great country, too.
It's worth noting that spouses' independently-owned assets aren't necessarily expressed on Senate disclosure forms after the $1 million mark, so depending on how the wealth of these women is shared and divided with their husbands, some of them might actually be even wealthier than they appear to be on paper.
10 Sen. Kay Hagan (D- North Carolina) - Net Worth: $8.06 million
9 Rep. Carolyn B. Maloney (D- New York) - Net Worth - $9.86 million
8 Rep. Nita M. Lowey (D - New York) - Net Worth: $12.82 million
7 Sen. Claire McCaskill (D - Missouri) - Net Worth: $14.93 million
6 Rep Suzan DelBene (D - Washington) - Net Worth: $23.91 million
5 Rep. Nancy Pelosi (D - California) - Net Worth: $24.45 million
4 Rep. Diane Black (R- Tennessee) - Net Worth: $24.94 million
3 Rep. Chellie Pingree (D - Maine) - Net Worth: $34.45 million
1 Sen. Dianne Feinstein (D-California) - Net Worth: $41.67 million
Senator Feinstein tops the wealthiest Congresswoman list, but where does this compare to her male counterparts? She comes in number nine overall. Part of her wealth comes from holdings she shares with her husband, Richard Blum, the president and CEO of Blum Capital Partners LP. Her husband's independent assets above $1 million don't have to be listed on the Senate disclosure form, though, so she very well could be even wealthier than she appears. So how did Feinstein accumulate her wealth? Mostly from real estate investments, it appears - including condos on Lake Merced in San Francisco and in Hawaii, as well as one in Tahoe City, California. She also holds a stake in San Francisco's Carlton Hotel Properties worth somewhere between $5 million and $25 million, which reportedly generated more than $1 million in income last year. Feinstein and her husband have 17 different investment accounts, and they are listed as a stakeholder in OZ Fitness Inc.
Leave A Comment
Looking for an AD FREE EXPERIENCE on TheRichest?Get Your Free Access Now!