Most Congress members are millionaires for the first time ever

For First Time in History, Majority in Congress are Millionaires

For First Time in History, Majority in Congress are Millionaires

The Slatest
Your News Companion
Jan. 9 2014 3:45 PM

Most Members of Congress are Millionaires

Republican Congressman Darrell Issa gives a thumbs up as he waits for the former Governor of California Arnold Schwarzenegger's victory speech at a party in Los Angeles, in October 2003.

Photo by HECTOR MATA/AFP/Getty Images

Land of the free, home of the … rich Congress. Just as Congress is set to take on long-term unemployment benefits, the minimum wage, and food stamp legislation, they are also the richest they have ever been as a group. For the first time ever, most members of Congress are millionaires, according to a new report from the Center for Responsive Politics.

At least 268 of the 534 current members of Congress had an average net worth of $1 million or more in 2012, which amounts to just over half. The congressional median net worth was $1,008,767.


Democrats edged out Republicans just slightly, with a median net worth of $1.04 million to $1 million respectively. But the real contrast came between Senators and Representatives. The median net worth in the Senate was $2.7 million compared to $896,000 in the House. The richest subset was Republican Senators, whose median net worth was $2.9 million in 2012.

The top 10 richest members of Congress; Average Net Worth (rounded to the nearest million):

1. Darrell Issa (R-Calif); $464 million
2. Mark Warner (D-Va.); $257 million
3. Jared Polis (D-Colo.); $198 million
4. John K. Delaney (D-Md.); $155 million
5. Michael McCaul (R-Texas); $143 million
6. Scott Peters (D-Calif.); $112 million
7. Richard Blumenthal (D-Conn.); $103 million
8. Jay Rockefeller (D-W.Va.); $101 million
9. Vernon Buchanan (R-Fla.); $89 million
10. Nancy Pelosi (D-Calif.); $88 million

Check out the full list here, along with a breakdown of how Congress members make their money.

Correction: The original article misindentified which state Rep. Jared Polis is from. He represents Colorado, not Virginia. The text has been corrected.