Representatives and senators average a salary of $174,000 according to a government pay record. According to the U.S. Bureau of Labor Statistics that’s almost three-times the average United States income of $59,384 in 2023.
But that’s just salary. Many members of congress are making significantly more doe to their investments, stocks, and other ventures.
So who are the richest members of congress?
According to Quiver Quantitative‘s live portfolio tracker, here are Congress’ wealthiest members.
1. Sen. Rick Scott, R-Fla – $546.95 million
Quiver Quantitative places Sen. Scott’s net worth at $546.95 million, however Investopedia reports $327 million.
2. Rep. Nancy Pelosi, D-CA – $252.60 million
Nancy Pelosi’s stock trades have become a daily topic of conversation on both social media sites like X and various news organizations. There are even full time websites that track Pelosi’s trades.
3. Rep. Vern Buchanan, R-Fla.- $249.36 million
Rep. Buchanan is also a businessman. Buchanan’s has had many business ventures including an LLC called Aircraft Holding & Leasing, a printing company called Speedy Printing, and car dealerships.
4. Sen. Mark Warner, D-Va.- $246.22 million
Sen. Warner’s wealth appears to owe his wealth in large part to Columbia Capitol. Columbia Capitol is a venture capital firm that Warner founded after graduating from Harvard Law. The firm has successfully invested in companies like XM Satellite Radio and Nextel Communications according to Investopedia.
5. Sen. Mitt Romney, R-Utah – $234.42 million
Romney is the former Republican presidential nominee, former governor of Massachusetts, and current Utah senator. Sen. Romney’s investments are mainly held in Goldman Sachs mutual funds, and part of his wealth is the product of his time at investment consultancy firm, Bain & Company and spinoff company Bain Capital.
Note: Illiquid assets like real estate and debts aren’t included in Quiver’s assessment — which tracks stocks and bonds — which could greatly change some of their wealth estimates. The estimates are compared to research from Family Office Networks and cross-referenced with reporting from Business Insider, Bloomberg and more. These totals are from September 2024.
