The net worth of richest Congress members
- Representatives, senators report financial disclosures annually
- Many wealthy lawmakers owe wealth to businesses, investments
- Sen. Rick Scott, R-Fla., is widely considered the wealthiest
(NewsNation) — United States elected officials represent Americans across all socioeconomic classes, despite some Congress members earning nearly triple the average American’s income.
Members of the United States House of Representatives and Senate are held to the Ethics in Government Act, which requires some federally elected officials to file a disclosure statement annually.
That statement details their investments, assets and business interests — and can give valuable insight into their net worth. So, who are the richest members of the U.S. Congress?
Richest members of Congress
According to a government pay record, representatives and senators bank $174,000 per annum as of 2024. That’s almost three-fold of the average United States income of $59,384 in 2023, according to the U.S. Bureau of Labor Statistics.
But salary isn’t all that matters. Plenty of well-off lawmakers owe their fortune to investments, stock trading and fortunes made long before they took office.
Here are Congress’ wealthiest members, as compiled by hedge fund Quiver Quantitative‘s live portfolio tracker.
Nancy Pelosi’s net worth
Rep. Nancy Pelosi, D-Calif., has an estimated net worth of $252.60 million based off her holdings in companies like Apple, Microsoft, Amazon, Google and Netflix, according to Quiver Quantitative.
Pelosi is a political powerhouse who served as the first female speaker of the House and has held office in California for nearly four decades.
The House Speaker Emerita identified at least $20 million in liabilities on properties in California and Washington, D.C. in her filings, Business Insider reports.
NewsNation has also compiled the estimated net worths of former President Donald Trump, Vice President Kamala Harris, Republican vice presidential nominee JD Vance and Democratic vice presidential nominee Tim Walz, amongst others.
Mitt Romney’s net worth
Sen. Mitt Romney, R-Utah, is estimated to be worth $234.42 million, according to Quiver Quantitative analysis.
The Harvard graduate’s investments are mainly held in Goldman Sachs mutual funds, and part of his wealth is the product of his time at investment consultancy firm, Bain & Company and spinoff company Bain Capital.
Before joining Congress in 2019, he served as the governor of Massachusetts (2003-2007) and was the Republican presidential nominee challenging then-President Barack Obama in the 2012 presidential election.
Open Secrets last updated Romney’s worth in 2018, placing him at $174.49 million.
Rick Scott’s net worth
Multiple outlets and projection tools place Sen. Rick Scott, R-Fla., as the richest member of Congress. The exact extent of his wealth is widely contested and frequently changing.
While Quiver Quantitative places the figure’s net worth at $546.95 million, Investopedia reports $327 million.
Finbold reports that Scott has no liabilities listed and assets ranging from $270.83 million and $808.32 million, “making these figures his actual net worth.”
The Republican senator was previously the governor of Florida between 2011 and 2019. His private sector gains come from co-founding both HCA Healthcare in 1988 and Solantic in 2001.
During his time as HCA’s chief executive, the company was convicted of 14 felonies for defrauding Medicare, Medicaid and federal programs.
The company’s board of directors forced Scott to resign in 1997, though Britannica reports he received “a generous retirement package consisting of approximately $10 million in cash and $300 million in company stock.”
Mark Warner
Sen. Mark Warner, D-Va., owes his estimated $246.22 million net worth to Columbia Capitol, a venture capital firm he founded after graduating from Harvard Law.
The firm, under his leadership, has successfully invested in telecommunications companies like XM Satellite Radio and Nextel Communications, according to Investopedia.
Warner came from a middle-class Midwestern family, making him one of the only top-earning lawmakers on this list who didn’t come from an already wealthy background.
It makes his monetary achievements notable, as Open Secrets’ 2018 wealth roundup placed him as the richest man in the Senate at $214.09 million, while FON estimated his 2024 net worth as $215 million.
Sen. Pete Ricketts
Quiver Quantitative estimates that Sen. Pete Ricketts, R-Neb., is worth $161 million, citing investments in Eagle Football Holdings and Charles Schwab among others. FON estimates the part-owner of the Chicago Cubs’ wealth is closer to $50 million.
He served as Nebraska’s 40th governor from 2015 to 2023 before joining the U.S. Senate later that year.
Ricketts, 59, is the eldest son of billionaire business Joe Ricketts, who founded stockbroker TD Ameritrade. And according to Nebraska Public Media reporting, he and his family have poured roughly $100 million into Republican federal campaigns since 2005.
What is Daniel Goldman’s net worth?
Rep. Daniel S. Goldman, D-N.Y., is following in his family’s financial footsteps, boasting an estimated $184.39 million net worth, according to Quiver Quantitative. Bloomberg reporting in 2022 placed him closer to $253 million.
It’s important to note that these figures don’t account for what he will one day inherit. The forty-seven-year-old is an heir to Levi Strauss & Co., which was founded by his great-grandfather. Levi Strauss & Co., an internationally renowned clothing company known for its denim, is valued at has a market cap of $8 billion.
His great-great-grandfather also started a business, the Smart & Final grocery warehouse chain.
Goldman, a progressive Democrat, secured a portion of his fortune through his decade as assistant United States attorney in the Southern District of New York and other high-ranking legal positions in the Empire State. Notably, he served as lead counsel in Trump’s first impeachment trial.
What is Darrell Issa’s net worth?
Longtime lawmaker Rep. Darrell Issa, R-Calif., is worth a whopping $234.68 million. Most of his fortune comes from his time as CEO of Directed Electronics, known for its car alarm system named Steal Stopper.
Business Insider reports his one liability, as of 2021, was a margin account holding him liable for more than $50 million. In that same article, the outlet estimated his worth closer to $115.85 million.
Issa served in Congress for 18 years before a brief stint as Trump’s nominee for U.S. Trade and Development Agency leader. He went back to lawmaking in 2021 following Trump’s 2020 loss.
What is Vern Buchanan’s net worth?
Rep. Vern Buchanan, R-Fla., is also a businessman — and it’s earned him a projected net worth of $249.36 million.
Over the decades, Buchanan’s business endeavors include car dealerships, a multi-million LLC named “Aircraft Holding & Leasing” and printing company Speedy Printing.
According to Business Insider reporting, Buchanan’s financial filings reveal multiple liabilities on his record, including loans for a plane and a yacht for the LLC.
The outlet’s 2021 estimate has Buchanan sitting at $113.38 million. FON does not discuss the representatives’ worth.
Note: Illiquid assets like real estate and debts aren’t included in Quiver’s assessment — which tracks stocks and bonds — which could greatly change some of their wealth estimates. The estimates are compared to research from Family Office Networks and cross-referenced with reporting from Business Insider, Bloomberg and more. These totals are from September 2024.