Rep. Nancy Pelosi: $101 million. Rep. Jerry McNerney: $9,000. OpenSecrets.com: Priceless.
About 47 percent of Congress, or 250 current members of Congress, are millionaires, according to a new study by the Center for Responsive Politics of lawmakers’ personal financial disclosure forms from 2010.
The Bay Area beats the national figure, where eight of its 13 regionally based federal lawmakers top the $1 million mark in assets and liabilities.
No. 8 nationally out of 530 members and the wealthiest of the Bay Area legislators, Rep. Nancy Pelosi, D-San Francisco, reported an average net worth of $101 million.
The poorest member was Rep. Jerry McNerney, D-Pleasanton, with an average net worth of $9,000 and a national ranking of No. 494.
Talk about a gap between the haves and have nots.
Keep in mind, the disclosure numbers do not include personal property such as residences, artwork or retirement accounts but do include the spouses’ income and investments. The forms contain vast value ranges, however, which makes it impossible to make precise estimates, says the Center for Responsive Politics.
For the other Bay Area colleages and their national rankings:
- No. 12 — Sen. Dianne Feinstein, $69 million
- No. 49 — Rep. Jackie Speier, $12.5 million
- No. 72 — Rep. John Garamendi, $6.9 million
- No. 110 — Rep. Pete Stark, $3.9 million
- No. 130 – Sen. Barbara Boxer, $3.5 million
- No. 192 — Rep. Anna Eshoo, $1.8 million
- No. 201 — Rep. Mike Thompson, $1.7 million
- No. 211 — Rep. Zoe Lofgren, $1.5 million
- No. 304 — Rep. George Miller, $668,000
- No. 308 — Rep. Mike Honda, $639,505
- No. 343 — Rep. Lynn Woolsey, $490,505
- No. 370 – Rep. Barbara Lee, $392,503