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McCaul richest in Congress

By Laurie Bennett

August 19, 2011 at 8:09am

Texas Republican Michael T. McCaul is the richest member of Congress, according to Roll Call’s annual listing.

McCaul, whose wealth was reported as $294 million, is a lawyer who worked as a federal prosecutor before entering politics.

Most of the household wealth comes from his wife, Linda, who is the daughter of Clear Channel Communications founder L. Lowry Mays.

Michael T. McCaul
Michael T. McCaul

Marrying money has its advantages for a politician. McCaul collected and spent $2.1 million in the last election, with members of the Mays family directly contributing more than $26,000.

Second on the richest list is California Republican Darryl Issa, whose business dealings have been a subject of close scrutiny this week in The New York Times.

Members of congress report their assets and liabilities in ranges, so that it’s difficult to pinpoint exact figures.

Roll Call used the low figure of each asset and liability to determine net assets.

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