Is Your Representative One of the 10 Poorest People in Congress?

Money and power tend to go hand in hand, so it’s easy to assume all members of Congress are sitting atop vast personal fortunes. For many, this couldn’t be further from the truth. Cash-strapped U.S. senators and representatives from both political parties aren’t exactly poverty-stricken, but they’re certainly not well off. And with 2018 being an election year, you might want to know what’s going on.
Click through to see which Congress members you might think are rich are not so financially successful.
10. Tim Scott
Net worth: -$600,000
Senator Tim Scott has been serving South Carolina since 2013. The Republican lawmaker previously represented the state in the House from 2011 to 2013, and he’s up for re-election in 2022.
Scott’s net worth was calculated based on assets that can help his net worth estimated at $200,000 and liabilities of $800,000. A current breakdown of his financial situation wasn’t available, but his 2015 financial disclosure report posted on OpenSecrets.org listed assets including two residential rental properties, insurance policies and annuities and several mutual funds. At the time, his liabilities stemmed primarily from three mortgages.
9. Eliot L. Engel
Net worth: -$600,000
Representative Eliot Engel has been serving New York’s 16th district since 2013. The Democrat represented the state’s 17th district from 1993 to 2013 and its 19th district from 1989 to 1993. He’s up for re-election in 2018.
Engel’s net worth is based on assets estimated at $100,000 and liabilities of approximately $700,000. His assets include money in several bank accounts and multiple government bonds, according to his 2016 financial disclosure report posted on OpenSecrets.org. Two mortgages were listed as liabilities, along with $10,000 to $15,000 in credit card debt and a line of credit worth $100,001 to $250,000.
8. Mike D. Rogers
Net worth: -$600,000
Representative Mike D. Rogers has been serving Alabama’s third district since 2003. The Republican is up for re-election in 2018, which could cause him to make influential political news headlines this year.
Rogers’ net worth is based on approximately $900,000 in assets and roughly $1.5 million in liabilities. A breakdown of his current financial situation isn’t available, but his 2015 financial disclosure report obtained by OpenSecrets.org revealed his assets are largely from checking, savings and retirement accounts. Two mortgages were listed as his sole liabilities.
7. Dennis A. Ross
Net worth: -$600,000
Representative Dennis A. Ross served Florida’s 12th district from 2011 to 2013 and has served the state’s 15th district since 2013. The Republican is up for re-election in 2018, so expect to hear his name in election news coverage.
Despite representing a state without a lot of debt compared to others, Ross’ net worth is based on an estimated $1.5 million in assets and liabilities totaling approximately $2.1 million. His assets include a rental property and a capital gains loan worth $500,000 to $1 million, according to his 2016 financial disclosure report posted on OpenSecrets.org. Liabilities listed include two mortgages and four additional loans for a motor home, travel trailer, truck and tractor.
6. Christopher Murphy
Net worth: -$700,000
Democrat Christopher Murphy has served as a Connecticut senator since 2013. Before that, he represented the state’s 5th district in the House from 2007 to 2013. He’s up for re-election in 2018.
Murphy’s net worth is based on assets estimated at $100,000 and liabilities of $800,000. A breakdown of his current financial situation isn’t available, but his 2014 financial disclosure report obtained by OpenSecrets.org revealed his assets were held in bank accounts, mutual funds and retirement accounts. His liabilities consisted of a mortgage and two student loans, valued at $15,001 to $50,000 each.
5. Emanuel Cleaver
Net worth: -$800,000
Representative Emanuel Cleaver has been serving Missouri’s 5th district since 2005. The Democrat is up for re-election in 2018.
Cleaver’s net worth is based on an estimated $500,000 in assets and $1.3 million in liabilities. His assets include a mix of bonds, mutual funds, insurance policies and annuities, according to his 2016 financial disclosure report posted on OpenSecrets.org. Liabilities listed consist of a mortgage, student loan, installment loan and a personal liability with a minimum value of $1 million.
4. Todd Young
Net worth: -$800,000
Republican Todd Young has been an Indiana senator since 2017. He previously served the state’s 9th district in the House from 2011 to 2017. Young will be up for re-election in 2022.
His net worth includes an estimated $100,000 in assets and $900,000 in liabilities. His assets consist of college savings plans — he has four children — a retirement fund and bank accounts, according to his 2015 financial disclosure report posted on OpenSecrets.org. Liabilities include a mortgage and debt on two credit cards totaling $15,001 to $50,000 each.
3. Debbie Wasserman Schultz
Net worth: -$1.2 million
Representative Debbie Wasserman Schultz has been serving Florida’s 23rd district since 2013. The Democrat previously represented the state’s 20th district from 2005 to 2013. She’s up for re-election in 2018.
Her net worth is based on estimated assets of $100,000 and approximately $1.3 million in liabilities. A breakdown of her current financial situation is not available, but her 2015 financial disclosure report — posted on OpenSecrets.org — revealed the bulk of her assets consist of stocks and savings plans for her three children. Liabilities include multiple mortgages, lines of credit, credit card accounts and a home improvement loan.
2. Alcee Hastings
Net worth: -$2.4 million
Democrat Alcee Hastings has represented Florida’s 20th district in the House since 2013. He previously served the state’s 23rd district from 1993 to 2013. Hastings is up for re-election in 2018.
His net worth was calculated based on zero assets and $2.4 million in liabilities. One of the poorest members of Congress, his liabilities include a mortgage estimated at $100,001 to $250,000 and the rest in legal fees, according to his 2015 financial disclosure report, which was obtained by OpenSecrets.org.
Previously a U.S. District Judge in Florida, Hastings was convicted of bribery and impeached in 1989. This caused him to rack up more than $2.5 million in attorneys’ fees, according to a 1993 article in the Sun-Sentinel newspaper.
1. David Valadao
Net worth: -$17.5 million
Republican David Valadao was elected to serve California’s 21st Congressional District in 2012. He’s been at work representing the district since 2013, and he’s up for re-election in 2018.
Of all the members of Congress, Valadao is the poorest. His net worth is based on assets of $2 million and $19.5 million in liabilities.
Also a dairy farmer, his assets include a $2 million stake in the family farm, according to his 2016 financial disclosure report, which was posted on OpenSecrets.org. His extensive liabilities were caused by financing for feed, equipment and land for the business.
Click through to discover the financial perks you get if you become president.
Unless otherwise noted, financial data was provided by Roll Call. Data is based on filings by U.S. senators and members of the House before beginning their service in the 115th Congress on Jan. 3, 2017.
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