Darrell Issa: The Richest Lawmaker on the Hill
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The Fiscal Times
September 17, 2013

Despite coming up empty after relentlessly pursuing the IRS political scandal, House Oversight Committee Chairman, Darrell Issa is having a pretty good year.

That's because the California Republican has finally nabbed the top spot on Roll Call's 50 Richest Members of Congress list, surpassing Rep. Michael McCaul, R-TX, who has held the title for the last two years. Issa reportedly has a net worth of $355.38 million—well above any of his Capitol Hill colleagues—he's more than 5,000 times richer than his average constituent is. (The median household income in his district is $68,129.)

Thanks to a blockbuster year in the financial markets, Issa, no stranger to this list, is worth at least $135 million more than he was worth last year.

RELATED: THE 10 RICHEST MEMBERS OF CONGRESS

Issa wasn't the only lawmaker to benefit handsomely from the bull market. The average net worth of the 50 richest members rose more than 17 percent this year. It took a net worth of at least $6.67 million to make the top 50.

Roll Call compiles the list by going through every member of Congress' financial disclosure statements, calculating their net worth by subtracting their total minimum liabilities from their total minimum assets.

But since members report their assets and liabilities in broad ranges, their true asset, liability and net worth totals are likely to be much higher than the reports suggest.

Here are the top 10 wealthiest members of Congress.

 

Washington Correspondent Brianna Ehley, based in D.C., covers Congress, government agencies and spending issues, health care, and tax and economic policy for The Fiscal Times.