WASHINGTON — House Minority Leader Nancy Pelosi and her Republican counterpart, Majority Leader Eric Cantor, are the wealthiest members of the House leadership, according to financial disclosure forms.
Pelosi, 72, D-Calif., tops the list of House leaders, with $40 million to $187 million in financial assets she reports with her husband, San Francisco commercial real estate investor Paul Pelosi. Most of their assets are listed as rental properties in California and partnership income in companies including investment management and restaurants.
Cantor, 49, R-Va., listed financial assets including stocks and real estate holdings valued at almost $4 million to $9.6 million on his annual financial disclosure statement released today.
Among Cantor’s biggest stock holdings is an investment of $500,000 to $1 million in Domino’s Pizza. His wife, Diana, a former Goldman, Sachs vice president who is chairman of the board of the Virginia Retirement System, is a director of Domino’s Pizza and Media General Inc., a Richmond-based newspaper and broadcast company.
The Cantors also own an Arlington, Va., condominium valued at between $500,001 and $1 million. He listed between $500,000 and $1 million in Bank of America bank accounts.
Maryland Democrat Steny Hoyer, the minority whip, is among the least wealthy House leaders.
He cited assets of $30,000 to $100,000. Hoyer reported he owes at least $100,000 and as much as $250,000 in a mortgage on his Mechanicsville, Md., home to SunTrust Banks in Richmond.
Financial disclosure forms filed by members of Congress require lawmakers to state the value of holdings in broad ranges. Precise figures aren’t made public.
House Speaker John Boehner, an Ohio Republican who once owned a small business, listed unearned income of at least $10,116 and as much as $46,700 from mutual-fund dividends or capital-gains distributions.
Boehner listed assets valued between $1.8 million and $5.4 million. All of his stock and bond investments in companies including Intel, Home Depot, Honeywell International, Pfizer and JPMorgan Chase were through individual retirement accounts. He and his wife, Debbie, who works as a real estate agent, didn’t report a mortgage on their home near a golf course in suburban Cincinnati.
In the Senate, Majority Leader Harry Reid of Nevada is the wealthiest Democratic leader, listing assets between $2.78 million to $6.19 million, with much of his net worth in real estate holdings in his home state of Nevada and in Arizona. Reid, the son of a Nevada hard-rock miner, has holdings in bonds and stock mutual funds and other investments.
Patty Murray of Washington state, the fourth-ranking Senate Democrat and the only woman in the chamber’s leadership, listed assets between $564,000 and $1.5 million. Senator Charles Schumer of New York, the chamber’s third-ranking Democrat, listed assets of $320,000 to $950,000.
About 20 percent of House members applied for filing extensions this year.
Members of Congress are required to report details of mortgages on their personal residences for the first time this year, a provision included as part of a congressional ethics law. While the Senate required members to list the terms of their mortgage – including interest rates, length and points used to pay down their rates – the House didn’t.
Among lawmakers paying the highest home-mortgage interest rates is Schumer, who has a 15-year mortgage taken out in 2002 at 6.85 percent.
Thursday’s filings also show what gifts lawmakers have received. Rep. Gary Ackerman, D-N.Y., acknowledged exceeding all legal limits. Ackerman, who is retiring at the end of the year, accepted a “priceless” gift, according to his personal financial disclosure form. What did the Long Islander get?
“The blessed opportunity for 30 years to pay back, in some small measure, the good things that happened to me.” And who gave it to him? “The people,” his form said.
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