Main | Friday, November 21, 2014

MAP: Richest Members Of Congress

At #1 is GOP car thief (seriously) Rep. Darryl Issa, who is worth at least $357M.
Issa lists seven high-yield bonds as being worth more than $50 million — the highest disclosure category. How much those bonds are actually worth is unknown; they could be worth hundreds of millions of dollars each. But just as his wealth could be many times higher than the picture provided by his disclosure, it also could be far less. Issa maintains two liabilities valued at $75 million — one personal loan from Union Bank that is between $25 million and $50 million and another personal loan from Merrill Lynch that is listed in the highest category of $50 million. That loan could be many times more than Issa is obligated to report. His true rank on our list depends greatly on how much he actually owes to Merrill Lynch. Before his election to Congress, the Californian made his fortune founding Directed Electronics — based in Vista, Calif. — which manufactures car alarms. Now, Issa appears to make his money through the bond market and high-end real estate.
Roll Call has a full breakdown of the 49 other richest members of Congress. Embiggen the map for all the names.

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