CNBNews

By The Hill Staff - 09/05/11 05:30 AM ET

Rep. Michael McCaul (R-Texas) has dethroned Sen. John Kerry (D-Mass.) as the richest member of Congress, according to The Hill’s annual list of the 50 wealthiest lawmakers.

McCaul reported a net worth of at least $287 million, by far the most of any lawmaker.

Analysis for The Hill’s Wealthiest shows that 2010 was a banner year for many well-heeled members of Congress. Lawmakers including Republican Rep. Darrell Issa (Calif.) and Democratic Leader Nancy Pelosi  (Calif.) saw gains of millions of dollars in their fortunes.

Together, the 50 wealthiest lawmakers reported a minimum net worth of $1.6 billion, about $200 million more than the lawmakers who appeared on 2010’s list.

SENATOR LAUTENBERG ranked #7, DEMOCRAT, NEW JERSEY, REPORTED A NET WORTH OF $55.1 MILLION.... CONTINUE via thehill.com