02-22-2018  6:35 am      •     
  • 1
  • 2
  • 3
  • 4

NEWS BRIEFS

Last Day to Apply for Affordable Housing is Feb. 22

Longtime and displaced residents of N/NE Portland receive preference for new housing, apply before midnight Thursday ...

NAACP Announces Key Partnerships

Voter mobilization for 2018 midterm elections takes precedence among issues uniting groups ...

Winter Donations Needed, Warming Centers Open Through Thursday

Locals encouraged to check on neighbors, winter gear needed ...

August Wilson Monologue Competition Takes Place Feb. 26

Standby tickets are still available for event ...

Portland Author Renée Watson to Read From ‘Betty Before X’ at North Portland Library Feb. 24

Book, coauthored by Ilyasah Shabazz, focuses on life of Dr. Betty Shabazz as a young person ...

U.S. & WORLD NEWS

OPINION

Raising Emotionally Competent Children

Lynette Monrie on how her grandparents taught her to love herself I don't remember my grandparents assisting me with homework beyond...

Black Dollars Matter: The Sales Impact of Black Consumers

Black consumers are spending jumi.2 trillion annually and are demanding that brands speak to them in ways that resonate...

Guest Opinion: Skipper Osborne’s Testimony on HB 4005

In testimony to legislature, Osborne says bill could decrease access to important therapies ...

Celebrating Diversity at PCC

President of Portland Community College's Cascade Campus reflects on recent vandalism and the uptick in public racism and sexism ...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

Aaron Smith CNN Money


Rep. Darrell Issa, a Republican from California
who chairs the House Oversight Committee, came
in third with $140.6 million, despite losing $80
million since 2010

NEW YORK (CNNMoney) -- The Hill, a political news site, unveiled its annual list of the 50 richest lawmakers on Tuesday. Rep. Michael McCaul, a Republican from Texas, held on to the top slot with a cool $290.5 million.

"McCaul remains in the stratosphere of the very richest members of Congress," said The Hill, noting that his wealth "stems from several family trusts," and that his father Lowry Mays founded Clear Channel Communications. His value actually rose by $3 million in 2011, the time period covered in the list.

McCaul is far ahead of his challenger, Sen. John Kerry of Massachusetts, the wealthiest Democrat in Congress, who reported a net worth of $198.8 million last year. That's a $5 million increase from the year before, even though in 2010 he only made No. 3. Much of Kerry's wealth comes from his wife, an heir to the Heinz Ketchup estate.

Rep. Darrell Issa, a Republican from California, dropped one notch from 2010 but still placed third. The Hill said his wealth plunged about $80 million to $140.6 million. He is the founder of Directed Electronics, a maker of car security systems and also has a high-yield trust worth $50 million as well as bond holdings. He took on $50 million worth of personal loans last year, which The Hill said was the main reason his estate took such a big hit.

Rep. Jared Polis, a Democrat from Colorado, come in fourth, with $91.1 million, after his wealth soared by $25 million last year. His portfolio includes a blind trust and tech company holdings.

The fifth richest lawmaker is Sen. Mark Warner, a Democrat and former Virginia governor, with $85.9 million. The Hill said his assets include investment funds, bonds and a $1 million life insurance policy.

Rep. Paul Ryan, a Republican from Wisconsin and a candidate for the vice presidency, is worth a relatively paltry $2.2 million and didn't make the cut.

Even though Democrats make up three of the top five on The Hill's list, Republicans outnumber Democrats, 31 to 19.

Carpentry Professionals
Calendar

‘Use Your Power’ MLK Breakfast Speech

Photo Gallery

Photos and slide shows of local events