At the other end of the spectrum are nearly a quarter of the members whose disclosures reflect a negative net worth. For many this is true only on paper, because they owe plenty on their home mortgages, which must be reported while the value of their real estate is not. And 10 of the 50 richest, six of them majority Republicans, sit on House Ways and Means or Senate Finance, the committees in charge of drafting the package of tax cuts and tax code changes that were enacted at the end of last year and targeted to benefit the richest Americans most of all.
Not only will the freshman class elected in November surely include some very wealthy people, but also nine of the richest current members have decided they are not staying in Congress beyond this fall. Underscoring how much wealth is concentrated in a tiny pinnacle of the population, in Congress as well as the country, these voluntary departures include four of the six richest members , all from the House, whose immense fortunes combine for an astonishing one-quarter of the entire net worth of Congress.
All four are self-made, which is the most typical route for joining the 50 richest. Almost three-fifths of them 22 Republicans and 7 Democrats are multimillionaires thanks to their own business acumen, in a wide array of industries including software development, banking, telecommunications, health care, insurance, real estate, litigation, plastics and car dealerships. Three Republicans and nine Democrats, five women and seven men, mainly have spouses to thank for their impressive wealth.
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These are the five wealthiest members currently serving in the House and Senate -- and a closer look at where their fortune came from -- based on a recent analysis from the Center for Responsive Politics. The data is based on lawmakers' most recent annual financial disclosures, filed last May, revealing their finances through Federal lawmakers report a range for their wealth but not exact amounts. Some lawmakers have not filed those reports yet.
That includes Sen.
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