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Submitted By: christopher patrickSubmitted: 8/18/2011
MilliONAIRES IN CONGRESS The economic outlook may still be lousy, but Capitol Hill, at least, doesn't seem to be feeling much pain: A new study ; I by the Centee for Responsive Politics finds that half of all members of Congress are millionaires. The report, based on financial disclosures covering the calendar year 2009, , I finds that 261 House and Senate members reported a net worth of more than $1 million. Of those, 55 had an average wealth of $10 million or more, and eight lawmakers reported holdings of $100 million or more. Who was the richest member of Congress? California COP Rep. Darrell Issa, who made his fortune in car alarms, listed holdings worth at least $304 million. Democrtic Rep. Jane Harman, r l'ssa's California colleague, who is married to audio mogul I (and Newsweek Publisher) Sidney Harman, reported $293 million in holdings. Coming in third was Democratic Sen. John Kerry of Massachusetts, who reported a net worth of $293 million - thanks in part to the holdings of his wife, I I Teresa Heinz Kerry, who inherited a fortune upon the death of her first husband, ketchup baron (and former Pennsylvania senator) John Heinz. What's notable is that members of Congress actually got richer in 2009 compared with 2008. Last year, the median wealth of a House member was $765,000, up from $645,503 in '08. In the Senate, the median was $2.38 million in 2009, compared with $2.27 million the year before.


 
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