Roll Call has come out with its rankings of congressional wealth, an interesting read especially in an election year.
California Republican Darrell Issa is the richest member of the House with a net worth of $357 million; West Virginia’s Jay Rockefeller is the richest member in the Senate with $67.85 million.
As for Florida: Four members make the 50 Richest list, while seven members report negative net worth, including Sen. Marco Rubio.
But don’t get too excited. The analysis is based on the 2013 disclosure records, which don’t include things like checking accounts that don’t bear interest, home equity and personal assets like cars, furnishings and jewelry.
Here’s a look at the Floridians in the Richest 50.
Rep. Vernon Buchanan comes in at No. 11 with a net worth of $37.15 million, making him the richest member of the state delegation. Last year he was No. 12.
His net worth improved $6 million in the last year, primarily because he paid off a big chunk of his debt on his purchase of Lear Jet, Aircraft Holding & Leasing. He also closed a million-dollar line of credit at Bank of America for one of his car dealerships. He also sold $2 million in hedge fund investments and $1 million in Florida property. And the value of a Michigan apartment building increased by $1 million.
Coming in at No. 17 is Alan Grayson. The Orlando Democrat has a net worth of $26.18 million — $10 million more than last year when he was No. 21 — due primarily to active trading of stocks.
His stake in his asset management firm Grayson Fund Management Co. is $5 million. His investments include $1 million in stock in Collectors Universe, which authenticates coins, sports cards, autographs and stamps; the aviation leasing firm Fly Leasing; and Northern Tier Energy. He also invests in CVS, Russia’s second-largest oil company Lukoil and China Mobile.
Anyone want to guess where he’ll rank after the divorce lawyers are done?
The newest member of the delegation, Curt Clawson, comes in at No. 29. The Republican won a special election in June to replace Trey Radel. Clawson’s net worth of $13.53 million includes investments in real estate in Florida, Michigan, Illinois and the Caribbean and a stake in an Italian soccer club.
And, at No. 50 is Rep. Tom Rooney who owes the Pittsburgh Steelers, started by his granddaddy, for much of his $7.47 million net worth. He owns a 14 percent share of the team managed by his cousin Dan, as well as interests in family investments in Yonkers Raceway, the harness track outside New York City, and the Palm Beach Kennel Club. Last year one of his investments was buying Lucy Boo, a two-year-old thoroughbred filly.
At the other end of the financial spectrum are seven members of the delegation who have negative net worth:
No. 455. Rep. Gus Bilirakis, Tampa Republican, has a net worth of minus $140,000, which is $20,000 more than last year. He has $270,000 in liabilities.
No. 456. Sen. Marco Rubio with a negative net worth of $140,000. He has liabilities of $450,000. Not a great position to be in for someone with his eye on the White House.
No. 484. Rep. Ron DeSantis has a negative net worth of $270,000. The Northeast Florida Republican has liabilities of $280,000.
No. 502. Rep. Mario Diaz-Balart, Republican from Miami, has a net worth in the red, of $360,000 and no assets.
No. 511. Rep. Corrine Brown, a Jacksonville Democrat, has a negative net worth of $460,000 and no assets.
No. 536. Rep. Debbie Wasserman Schultz, chair of the Democratic National Committee, has a negative net worth of $970,000 with $1.12 million in liabilities.
No. 537. Rep. Alcee Hastings, Democrat from Miramar, has a negative net worth of $2.23 million and no assets.
Here’s a snapshot of the rest: