• I heard today that there are 42 millionaires in the US Senate. Online this is what I found…incomplete, but showing a few not so rich. If I find more I’ll add it.

    Not All Rich in US Senate

    By ALAN FRAM, AP writer

    WASHINGTON – From its multimillionaire majority leader, Sen. Bill Frist, to its members of more modest means, the Senate is dominated by people far more affluent than nearly all those they represent, lawmakers’ financial disclosure forms show.
    Frist, R-Tenn., who lists blind trusts worth up to $31 million, is surrounded by colleagues who enjoy substantial wealth from successful private careers, family riches or wealthy spouses.
    Many should benefit from the cut in taxes on capital gains and dividends paid by corporations. Among those listing substantial property holdings or income from stock dividends in 2002 are Sens. Lamar Alexander, R-Tenn.; Richard Shelby, R-Ala.; Bob Graham, D-Fla.; and Dianne Feinstein, D-Calif.
    Alexander, chairman of a children and families subcommittee since joining the Senate this year, reported owning from $1.5 million to $6 million worth of stock in Bright Horizons Family Solutions Inc., a child-care company.
    Shelby listed ownership of an apartment complex and shares in a title company.
    Graham held several Florida properties worth from $5 million to $25 million, while Feinstein was part-owner of the Carlton Hotel in San Francisco.
    Others with eye-popping numbers included Sens. Edward Kennedy, D-Mass., who listed four family trusts worth up to $45 million; John D. Rockefeller IV, D-W.Va., who reported three blind trusts worth from $80 million to more than $125 million; and banking heir Peter Fitzgerald, R-Ill., whose assets include up to $50 million in Bank of Montreal stock.
    Sen. Hillary Rodham Clinton, D-N.Y., got more than $1.15 million as partial payment for her recently published memoirs, “Living History.” Yet eclipsing that was her husband, former President Bill Clinton, who earned $9.5 million for a global speaking tour on which he made up to $400,000 a speech.
    The former first couple still owe somewhere between $1.7 million and $6.5 million in legal fees, stemming largely from past White House investigations, according to documents.(This is incorrect. The Clinton’s currently have a large # of cases against them, or pending, filed by Judical Watch[ see judicalwatch.org ], an independent watchdog group, which also has ongoing cases against the GW Bush administration.)That is the same broad range listed in the disclosure for 2001, when they paid $1.3 million in legal fees.
    The Clintons have between $1 million and $5 million in a joint account. They also report $1 million to $5 million held in a blind trust.
    The senator’s 2002 payment from publisher Simon & Schuster for $1.15 million follows a $2.85 million advance, meaning she has now received half the $8 million payment for “Living History,” which hit bookstores earlier this week to much fanfare.
    Bill Clinton is working on his own book, due out next year. He traveled the globe to give 60 paid speeches last year, from Singapore to Stockholm to Dubai. The largest single moneymaking appearance was a $400,000 speech last November in Japan for the Mito City Political Research Group. Overall, his 2002 income from speeches is slightly higher than the year before.
    The former president also gave more than 70 speeches in 2002 without compensation, said his spokesman Jim Kennedy.
    Senators at the lower end of the spectrum included Patrick Leahy, D-Vt., who reported a cash account worth $15,000 and a growth portfolio worth at least $15,000.
    Joseph Biden, D-Del., listed an annuity account worth from $6,000 to $90,000 and life insurance policies worth from $15,000 to $50,000. His reported liabilities included loans and credit lines ranging from $305,000 to $715,000.
    Senators’ reports, covering 2002, were released yesterday, three days before the House makes its available.
    Sen. John McCain, R-Ariz., reported donating $321,000 to charity from earnings on two of his books. Sen. James Jeffords, I-Vt., earned $101,000 in royalties for two books, including “An Independent Man,” which documents his 2001 departure from the Republican Party.
    Sen. Joe Lieberman, D-Conn., reported $16,460 in earnings on the book he and his wife, Hadassah, wrote on his 2000 vice presidential candidacy. And Daniel Inouye, D-Hawaii, received $927 for an autobiography.
    Orrin Hatch, R-Utah, earned $18,000 in song writing royalties and $2,123 for a voiceover for an animated religious film.
    Sen. Barbara Boxer, D-Calif., appeared in an episode of Warner Brothers Television’s “Gilmore Girls” and donated the $1,350 to the San Diego Police Athletic League.

  • Found the list…

    NOTE : The editors were kind enough to use the lower figures of the ranges given it seems. It knocked Hillary Clinton off the list. Look at the list and notes throughout the list…

    Senate millionaires
    John Kerry, D -Massachusetts: $163,626,399

    Kerry, D, alone is richer than the bottom 35(thirty-five) on this list(from Fitzgerald on.
    ALL the Republicans on the list total net worth is $100M.

    Herb Kohl, D -Wisconsin: $111,015,016
    John Rockefeller, D -West Virginia: $81,648,018
    Jon Corzine, D -New Jersey: $71,035,025
    Dianne Feinstein, D -California: $26,377,109

    The top five(5) are Democrats whose net worth is $453M+.
    *ALL the Republicans on the list total net worth is $100M-.

    Peter Fitzgerald, R-Illinois: $26,132,013
    Frank Lautenberg, D -New Jersey $17,789,018
    Bill Frist, R-Tennessee: $15,108,042
    John Edwards, D -North Carolina: $12,844,029
    Edward Kennedy, D -Massachusetts: $9,905,009

    8(eight) of the top 10(ten) are Democrats.
    The top 8(eight) Democrats net worth is $481.5M+.
    The top 2(two)) Republicans net worth is $41.2M+.
    *ALL the Republicans on the list total net worth is $100M-.

    Jeff Bingaman, D -New Mexico: $7,981,015
    Bob Graham, D -Florida: $7,691,052
    Richard Shelby, R-Alabama: $7,085,012
    Gordon Smith, R-Oregon: $6,429,011
    Lincoln Chafee, R-Rhode Island: $6,296,010
    Ben Nelson, D -Nebraska: $6,267,028
    Lamar Alexander, R-Tennessee: $4,823,018
    Mike DeWine, R-Ohio: $4,308,093
    Mark Dayton, D -Minnesota: $3,974,037
    Ben Campbell, R-Colorado: $3,165,007
    Chuck Hagel, R-Nebraska: $2,963,013
    Olympia Snowe, R-Maine: $2,955,037
    James Talent, R-Missouri: $2,843,031
    Arlen Specter, R-Pennsylvania: $2,045,016
    Judd Gregg, R-New Hampshire: $1,916,026
    John McCain, R-Arizona: $1,838,010
    James Inhofe, R-Oklahoma: $1,570,043
    John Warner, R-Virginia: $1,545,039
    Kay Bailey Hutchison, R - Texas: $1,513,046
    Mitch McConnell, R-Kentucky: $1,511,017
    Harry Reid, D -Nevada: $1,500,040
    Sam Brownback, R-Kansas: $1,491,018
    Thomas Carper, D -Delaware: $1,482,017
    Ted Stevens, R-Alaska: $1,417,013
    Maria Cantwell, D -Washington: $1,264,999
    Barbara Boxer, D -California: $1,172,003
    Orrin Hatch, R-Utah: $1,086,023
    Mary Landrieu, D -Louisiana: $1,080,014
    Bill Nelson, D -Florida: $1,073,014
    Charles Grassley, R-Iowa: $1,016,024

    ALL the Democrats on the list net worth is $518.5M+.
    *ALL the Republicans on the list net worth is $100M-.

    *These figures are base estimates provided by senators on their financial disclosure forms.

  • I believe if Jerry Springer makes Senator, he’ll rank up there with the richest guys.

  • While those facts are accurate, they don’t really tell the whole story. For example, John Kerry’s wealth mostly comes from his wife, and that money cannot be used for campaign purposes. So, Although he ranks up there with the richest, he doesn’t neccessarily have that money to spend in politics. 😞

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