Rich Senator, Poor Senator

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September 29, 2009

Rich Senator, Poor Senator

A Roll Call analysis of U.S. Senate financial disclosure forms shows 48 senators are not in the millionaire's club, but nonetheless nearly all reported minimum net worths above the typical American household. The remaining 50 Senators record minimum net worths of at least $1 million or more.

The survey included 98 Senators. Disclosure forms from newly appointed Sens. George LeMieux (R-FL) and Paul Kirk (D-MA) are not yet publicly available.

Wealth in the chamber ranges from Sen. John Kerry (D-MA) -- the richest Member of Congress overall -- who tops the list with a minimum net worth of at least $167.55 million, to Sen. Max Baucus (D-MT), who registers a negative $40,000."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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September 29, 2009