Wealth in Congress: CQ Roll Call Ranks Every Member of Congress by Minimum Net Worth
Washington, D.C. (Oct. 22, 2014) – CQ Roll Call announced today, for the first time, the release of the complete breakdown of wealth in Congress. The analysis includes every representative, senator and delegate who filed a financial disclosure form for 2013.
Roll Call has been publishing the top 50 and bottom 10 members’ net worth for 14 years. This summer the combined CQ Roll Call newsroom devoted hours to data enter, fact-check and rank the complete list released today. This is an unprecedented effort to increase transparency from Capitol Hill and help voters understand more about their government.
“This data is publicly available to the taxpayers but not easy to find or understand. We’re shedding light on congressional finances by ranking each member for the first time and opening the process to everyone,” Editor-in-Chief Christina Bellantoni said. “This is an enormous undertaking, but we think it’s truly valuable.”
By examining the complete list, Roll Call has learned the combined minimum net worth of Congress has increased more than $150 million to $2.1 billion. Congress also includes at least 188 millionaires – up from 185 the previous year. Six members of Congress report no assets at all.
With the interactive list, users can see how the minimum net worth of members have changed in the past year, sort based on demographics and share direct links to each member’s ranking through social media. The interactive allows users to filter based on party, gender, chamber, state and type of asset, as well as whether the asset is listed held by the member, the member’s spouse or their dependent children. The complete list also allows voters to learn more about their representatives in Congress and how they relate to the rest of their colleagues.
Minimum net worth is derived by subtracting the total minimum liabilities from the total minimum assets reported on annual financial disclosure statements. Assets are categorized as either bank accounts, investments, trusts or real estate holdings. Liabilities include mortgages, student loans and credit card debt. More on the methodology can be found here.
About CQ Roll Call
CQ Roll Call provides essential intelligence and grassroots advocacy resources to take action. As the premier source of timely news, objective reporting and analysis, and coverage of elections and the politics of legislation, we keep our fingers on the pulse of the legislative process and give our clients the tools they need to maximize their influence. We are the ultimate insiders, and our unmatched network of relationships and expertise has powered the productivity of those who rely on us since 1945.
Shana Westlake, PR and Events Manager