The Hill is out with its list of the 50 richest politicians on Capitol Hill, and it includes three Georgia Republicans: Rep. Tom Price, Rep. John Linder and Sen. Johnny Isakson. No Georgia Democrats are among the group, although seven of the top 10 are Democrats.
Before breaking out the top 50 in a slideshow, the Hill provided this overview:
The wealthiest members of Congress grew richer in 2009 even as the economy struggled to recover from a deep recession…
The 50 wealthiest lawmakers were worth almost $1.4 billion in 2009, about $85.1 million more than 12 months earlier, according to The Hill’s annual review of lawmakers’ financial disclosure forms.
Total assets for the 50 wealthiest lawmakers in 2009 was $1.5 billion — that’s actually a nearly $36 million drop from a year ago. But lawmakers reduced their liabilities by even more, cutting debts by $120 million last year.
Price, a 6th District physician from Roswell, ranks No. 32 with $8.5 million. The Hill said Price’s wealth rose $1.4 million in 2009 after several investment funds increased in value. He also owns property on St. Simons and has invested in a Roswell medical office building.
Linder, a Republican from the 7th District, ranks No. 35 with $7.9 million. The Hill said Linder, who is retiring from Congress, benefited from the investment prowess of his wife, Lynne. A money market fund doubled in value from 2008 to 2009 and the couple also reduced liabilities. The Hill said much of Linder’s wealth is in Mississippi farmland.
Isakson, a Republican who spent years in real estate, ranks No. 46 with $6.4 million. The Hill said the bulk of Isakson’s holdings are in Rabun County property. He also has investments in apartments throughout Georgia and a condo in Washington. Isakson also holds stock in Starbucks, Visa and other companies, the Hill.com said.
For the record, the richest politician is Democrat Sen. John Kerry of Massachussets, whose wealth, thanks in large part to his wife, climbed $20 million between 2008 and 2009, to $188.6 million. Kerry’s wife, Teresa, is an heiress to the Heinz ketchup fortune.