50 Richest Members of Congress: The Wealth Keeps Growing
A surprisingly strong year in the financial markets made the richest members of Congress even wealthier in 2012, with the median net worth of the 50 richest rising more than 17 percent, CQ Roll Call’s annual survey of congressional wealth shows.
Lawmakers’ portfolios shrugged off pre-election jitters, concerns about the European debt crisis and suspense surrounding the fiscal cliff. It took a minimum reported net worth of $6.67 million just to crack the exclusive 50 Richest club.
Financial disclosures also revealed a widening gap between members’ wealth and that of their constituents. The median net worth of the 112th Congress stood at $442,007 in 2012. Nineteen percent of lawmakers reported no debts at all, while 15 percent had trusts.
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