John Linder, Tom Price, Johnny Isakson among richest in Congress

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.

65 comments Add your comment

janet

September 1st, 2010
12:41 pm

From 2008 to 2009 thanks to the investment prowess of wives and others, these elected officials increased their investment portfolios worth. I have a portfolio and last time I checked it didn’t go up during that time. How does one’s investments increase from 2 million to 8.5 million while being a full time Congressman and the rest of the country’s ivestments tank?

MA

September 1st, 2010
1:04 pm

danno

Physicians pay a BIG price for the money they EARN. They spend years of their young lives (while others their age are out partying and sleeping and –if working- making money) in school (4 years of college (real course work like calculus, physics, chemistry…) not basket weaving courses, 4 years of medical school, years of internship and residency….) racking up hundreds of thousands of dollars of debt. Then, yes, they get out and WORK more, and frequently earn more money than their counterparts. Like EVERYONE they can then CHOOSE to manage their salary responsibly or they can misspend IRRESPONSIBLY (like many “wealthier” sports professionals). Most physicians choose to be responsible with their wealth because they WORKED HARD for the money they were EARNING and did not wish to squander their profits and then whine about others who happen to have more than they do. Just because someone chooses to be lazy and irresponsible does not give them the right to begrudge and TAKE FROM someone who chose to WORK HARD and be RESPONSIBLE!

WTF are you thinking?

September 1st, 2010
1:12 pm

SO the Dems’ have all the money and they still want to tax the rich.

Seems like that steals the thunder from the Repubs!!!

The Elected One

September 1st, 2010
1:14 pm

@FN Jerk…Those “Demolishincrats” as you call them also aren’t the ones complaining about getting taxed more. They are bashing those that are making $$$$ and don’t want to pay any tax. Remember the 80/20 rule….80% of the wealth in America is controlled by 20% of the population…

Deanna

September 1st, 2010
1:19 pm

It’s just a shame that they are more interested in their position than doing their job. Isakson and Price never did anything about openning up the F-22 for forgien military sales, so now engineering and salary jobs are going away, being replaced by fewer, lower paying laborer jobs.

And Tommy Boy is too busy to attend Committee Hearings of the committee he is the ranking minority member, hearings to provide equal hiring to all American citizens, something he doesn’t believe in. Why did we ever elect a man that doesn’t believe in jobs for Georgians and supports discrimination in the workplace?

RLR

September 1st, 2010
1:19 pm

Nothing but the rich running this country into the ground. Why can’t the average working class people run this country?

Danny

September 1st, 2010
1:19 pm

Tom Price is one of the greatest men I have ever met…I really wish he would run for President…When I ran for a political office he took me under his wing and showed me the ropes. I will never forget what he did for me and my Family…I really wish more politicians were like him…

FN Jerk

September 1st, 2010
1:33 pm

@TheElectedOne….I know “Demolishincrats” dont complain about taxes just like they arent complaining about the crumby healthcare reform, or the president that made it happen. Oh thats right….they just find ways to be exempt from the follies they impose on the rest of us. Either that or they just dont pay up period. They either lie on their taxes or just live off the rest of us. Just ask Tim Geitner, or John Kerry, or almost any Obama supporter for that matter. Must be nice to be liberal. BTW….here’s a headline to prove my point on CBS news….http://www.cbsnews.com/8301-503544_162-5059655-503544.html

Fundad

September 1st, 2010
1:38 pm

Well I for one don’t want the average people running this country. Rich people are rich for a reason. The overwhelming majority made their money on their own and those are the people we want running things.What the hell does “average” get you? Your average idiot. As far as the 80/20 rule, thats true. Right now 20% of the people pay over 80% of the taxes collected by the guvment and HALF pay nothing. How’s that for fair? While I have a huge disdane for politicians, I’d rather have rich ones than poor ones.

FN Jerk

September 1st, 2010
1:40 pm

@The Elected One….And about the whole 80/20 thing you got going on….What percentage of income taxes or all taxes collected do the 80% of the population, that you claim do NOT control the wealth, pay? Here’s another version of the same scenario….What percentage of all income taxes or all taxes collected do the 20%, that you claim control the wealth, pay? Let me see your numbers.

me too

September 1st, 2010
2:08 pm

rich congressmen can’t be bribed.

Kaipo

September 1st, 2010
2:08 pm

Listing John Kerry as the wealthiest is actually some how factually inaccurate. He DID not make the money himself. He is an opportunist.He rushed to marry a widow.His wife’s late husband owns and made the money. He has no clue how to make money. All he does is to spend money that does not belong to him-he bought a yatch-with money he did not make. Just see how he votes for the govt to borrow and spend. Thereby passing on debt to future generations.

Mr. KnowitAll

September 1st, 2010
2:26 pm

Tom Price is a good man, and I LIKE him as my conservative representative. He actually WORKS and advances conservative positions (if he didn’t, his arch-conservative district would boot him out in seconds!). He’s no back-bencher.

….But the man is definitely arrogant, conceited and uppity. He needs to get off his high-horse.

bart

September 2nd, 2010
4:07 pm

They have gotten rich off the taxpayers. When are people going to wake up and see that these rich fat cats are only interested in their own interests, not in ours? Somehow they manage to fool most of the people most of the time in making us believe they really care about us. They do not.

Will Jones - Atlanta Jeffersonian Exegesis

September 5th, 2010
10:17 pm

We have The Best Government Money Can Buy. Back in the early Sixties I had a Washington Post paper route in, at that time, a Middle Class neighbor in Arlington, Virginia. A newly elected Congressman from “anywhere” with a wife and kids, and a six or seven-year-old station wagon, would move in for two years making, iirc, 37K a year, and once re-elected they’d pack up, sell their 60-80K house, have parties all night with stretch limos up and down the blocks, and move to North Arlington into a $250,000 house.

If you need Proof of “Bi-Partisan” Fascist Plutocracy in America, just browse the reading list on my blog: http://theamericanfundament.blogspot.com.

It is corruption and treason, manifest, which fails to bring to justice those “above” our government whose treasons assassinate our leaders and committed 9/11 to send us to false war. John Linder, Tom Price, Johnny Isakson, and every other Member of Congress who stood outside the U.S. Capitol and witnessed “a white jumbo jet’s lumbering turn directly overhead” on the morning of 9/11, then allowed a draft-dodging closet-queen, cheated into the White House by only the Roman Catholic Justices on the Supreme Court to lie to us of WMD and assassinate Pat Tillman, to facilitate the spiraling concentration of wealth reflected in John Linder’s investment portfolio while G.I.s die and businesses fold so the corrupt rich can get corruptly more rich is abomination before G-d. Those trying to justify it are equally accursed.

Expropriate the Anti-Christ’s “Fifth Column” in America
Seal the Border
Hang Bush and Cheney and every Congressperson who continues to support their treason.