vikingphoenix.com/public/docs/50rich.txt
Welcome Back Congress: Wealth Watch Congressional Megabuck Members:Top Five In Roll Call Fifty Are Worth $50 Million or More 1 Sen. John Kerry (D-Mass)* $760 million Senator's 1994 disclosure form shows assets of $50,000 to $100,000, with liabilities of $65,000 to $180,000, making him one of least wealthy Members; new bride's holdings, however, estimated at $760 million by Forbes magazine; wealth derives from inheritance from late husband John Heinz, who topped our original Roll Call 50 listing in 1990 and was the great-grandson of ketchup and food product magnate; according to Forbes, Mrs Heinz sold some 135 million shares of stock in 1995 to diversify holdings. Amory Houghton (R-NY) * $350 million You'll find Houghton in the family section ofthe Forbes 400, but we list him separately because he controls family trusts. Forbes puts family fortune at around $530 million up from last year's assessment of $470 million; Amo's namesake founded Corning Glass Works in 1851, manufacturing glass casings for Thomas Edison's light bulbs; House financial disclosure form sets wealth at only around $10 million. Herbert Kohl (D-Wis) * $250 million Made his money in family grocery business; owns Milwaukee Bucks basketball team as well as real estate interests, such as shopping centers and office buildings in Milwaukee; to win election in 1988, spent nearly $7 for every vote he received; in 1994, election cost him just over $7 per vote (perhaps inflation is to blame); Jay Rockefeller (D-WVa) * $200 million Great-grandfather, John D Rockefeller, world's first billionaire; JD IV, known as "Jay," served as West Virginia governor; DNC finance chairman, raised millions for party by joking about his wealth at fundraisers; Forbes estimates family fortune worth more than $6 billion; Dianne Feinstein (D-Calif) * $50 million Diversified holdings with husband Richard Blum; most are in his name, but she is beneficiary of $1 million-plus Bertram Feinstein Trust, which includes 50 percent interest in Carlton Hotel Properties of San Francisco; Frank Lautenberg (D-NJ) * $40 million Founder of ADP data processing firm, with 16,000 employees; financial disclosure for 1994 sets wealth at nearly $4 million; holdings include stock in ADP and two blind trusts in excess of $1 million; Edward Kennedy (D-Mass) * $35 million Kennedy's father, Joseph Patrick Kennedy, was Boston bank president by age 25; founded political and financial dynasty, made millions in liquor business; family inheritance no longer makes Forbes list, which starts at $340 million; in 1990, Forbes estimate of Kennedy fortune was $850 million; holdings, such as Chicago Merchandise Martand Apparel Center, other real estate, oil and gas interests, have been losing value; Ted reports holdings of just over $3 million on latest financial disclosure report, but various blind trusts generate annual income of at least $400,000. Rodney Frelinghuysen (R-NJ) * $30 million Highest-ranking freshman on our list; financial disclosure form filed during 1994 campaign shows wealth of at least $25 million; Norman Sisisky (D-Va) * $30 million Former Pepsi distributor in southeastern Virginia region; still has large stock (even holds at least $1 million worth of stock in rival Coca-Cola) and real estate holdings, and limited partnerships with varied stock holdings, valued on disclosure form at more than $11 million; an active stock trader, he got into GE, Intel, and Microsoft in 1994, but sold Disney, Procter & Gamble, Pacific Telesis. Bill Frist (R-Tenn) * $20 million Transplant surgeon is second wealthiest freshman in 104th Congress; disclosure form lists nearly $10 million in assets, but Tennessee sources say holdings in Hospital Corp. of America, which was founded by his brother, are worth more; Chuck Robb (D-Va) * $20 million Former lawyer, governor, Vietnam vet, and White House Marine guard has millions in banking and land holdings; married to Lynda Bird Johnson, heiress of LBJ-Lady Bird broadcast fortune; most recent disclosure form reports more than $11 million; reaped more than $1 million in capital gains and interest from the LBJ Holding Company. real estate, timber, and other investment holdings make up widely diversified portfolio started with inherited wealth; Jane Harman (D-Calif) * $15 million Wife of Sidney Harman, founder of Fortune 500 electronics company, Harman International Industries, which manufactures high-end stereo equipment; her common stock in the company worth well over $1 million; has other holdings in various stocks, Treasury bills, real estate partnerships, and four separate trusts; Dick Chrysler (R-Mich) * $15 million An automotive executive, but not for the company that bears his name; John Glenn (D-Ohio) * $13 million Former astronaut owns interest in two Holiday Inns; most of his money in two blind trusts, hard to determine actual amount; reports holdings of at least $27 million on disclosure form. Nancy Pelosi (D-Calif) * $13 million Daughter of former Rep. and Baltimore Mayor Thomas D'Alesandro, Pelosi has real estate and business investments; investor husband has wide real estate, bond holdings, including San Francisco condos and Napa Valley vineyard; Porter Goss (R-Fla) * $9 million Former CIA agent, newspaper publisher; with spouse, controls large portfolio of stocks, bonds, real estate; disclosure forms show his wealth to be at least $83 million. Jimmy Quillen (R-Tenn) * $8 million Extensive stocks and bonds (Kodak, various utilities); Sid Yates (D-Ill) * $7 million Lawyer, has served in Congress more than 40 years; real estate holdings, Treasury notes, and PublicHousing Authority Bonds (which he trades with some frequency) make up a good portion of wealth; also in partnership that owns two Kentucky shopping centers; Nita Lowey (D-NY) * $7 million Former New York state official married to lawyer; Bob Graham (D-Fla) * $6 million Father worked way up from poverty to become wealthy dairy farmer and real estate investor; after graduating Harvard Law School, young Bob joined dad in real estate, helped develop entire town of Miami Lakes, Fla; stepbrother was late publisher of Washington Post, Phil Graham; sold real estate in 1994 while buying stock in Merck, Microsoft, Home Depot; stocks, municipal bonds, and farm add up to more than $3 million on most recent disclosure form. Charles Taylor (R-NC) * $6 million Congress's only tree farmer, Taylor owns thousands of acres in North Carolina, plus other real estate interests and bank stock; Dan, sold more than $500,000 in holdings in cellular phone company he helped run to another firm, Centennial Cellular, then exercised option to buy Centennial stock; also holds Florida, Washington, DC, and North Carolina real estate. Jim Sensenbrenner (R-Wis) * $54 million A lawyer by profession, Sensenbrenner goes above and beyond the call of duty by offering complete listings of his net worth. Backbone of his $39 million stock portfolio is more than $2 million in bathroom products giant Kimberly-Clark Corp. John Spratt (D-SC) * $5 million Lawyer, banker, real estate investor; John Warner (R-Va) * $5 million Won $7 million divorce settlement from first wife, a Mellon; sold main holding, Virginia hunt country farm, in 1994, for more than $1 million; also has other real estate, including more Virginia farmland, plus trust income, stockand bond holdings, works of art; reports a Nations Bank checking account with balance greater than $1 million; latest disclosure form sets wealth at more than $4 million. Owen Pickett (D-Va) * $4 million A lawyer and accountant, Pickett's largest disclosed (and only million-dollar) holding is more than 1,000 acres of farmland in Caroline County, Va. Real estate partnerships dot many other spots on his portfolio as well. Jim Leach (R-Iowa) * $4 million Leach shows million-dollar trusts in the names of his deceased parents, as well as other seven-figure assets,including Adel Wholesalers and Foxley Cattle Company; a former gas company president, Leach's portfolio also includes real estate, minerals, and stocks; drops from $6 million in last year's list because, as Leach notes in his disclosure, certain trust holdings that he had prev...
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