The congressional millionaires' club: By the numbers
How rich is Congress? Well, the class of freshmen members is alone worth more than $500 million
![Sen. Richard Blumenthal (D-Conn.) has an estimated personal wealth of $95 million, making him the wealthiest Senate freshman in the 112th Congress.](https://cdn.mos.cms.futurecdn.net/Ph3LsSXvmKKNiTEdFcT6Z8-415-80.jpg)
Although this year's House freshmen are sharply divided by ideology, they are united by one striking measure: Many of them are filthy rich. The Center for Responsive Politics found that 60 percent of Senate freshmen and 40 percent of House freshmen were worth $1 million or more. The statistics prove that Congress is populated "overwhelmingly with millionaires and near-millionaires who often own multiple homes," says Dan Eggen at The Washington Post. Here, a look at the numbers behind the congressional millionaires' club:
96
Number of new House members in the 112th Congress
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40 percent
Approximate share of House freshmen who are millionaires
16
Number of new senators in the 112th Congress
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60 percent
Share of Senate freshmen who are millionaires
1 percent
Approximate share of ordinary Americans who are millionaires
$3.96 million
Median estimated wealth of a Senate freshman
$570,418
Median estimated wealth of a House freshman
$25,149
Median estimated wealth of an American over the age of 18 (2005)
$533.1 million
The estimated combined worth of the full freshman class of the 112th Congress
$95 million
Estimated personal wealth of Sen. Richard Blumenthal (D-Conn.), the richest freshman. His wealth comes mainly from his wife's family, whose real estate holdings reportedly include the Empire State Building.
-$317,498
Estimated net worth of the poorest freshman lawmaker, Rep. Joe Walsh (R-Ill.). Walsh, who lost his condo to foreclosure in 2009, is the only freshman in the red. He calls this a "badge of honor."
17
Number of freshmen who own stock in General Electric. Eleven invest in Bank of America, while 9 freshmen each invested in AT&T, Cisco, Johnson & Johnson, Microsoft, and Procter & Gamble.
Between $1 million and $5 million
Amount of money collectively invested in Citibank by freshman lawmakers
261
Number of millionaires in the last Congress, out of a total of 535 members
$911,510
Median wealth of all members in the last Congress
$303.5 million
Estimated wealth of the richest member of Congress, Rep. Darrell Issa (R-Calif.), in 2009
Sources: OpenSecrets.org (2), Washington Post, CNBC, Politico, U.S. Census
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