The 16 Richest Republicans
Let’s give a hand to the Republican Party for welcoming both the rational (if a bit frugal) and the totally insane with equally open arms. Because of their reputation as fiscally conservative (although they do seem to like spending a lot on the military and bailing out Wall Street), the Republican Party is often deemed the party of the wealthy.
While the democrats definitely have their fair share of deep-pocketed members, republicans definitely do work hard to keep their reputation. Here are 16 of the richest republicans who are working to keep the “party of the wealthy” name alive:
Current Net Worth: $4 Billion
Position: Presidential Hopeful
Donald Trump is a man who needs no introduction. Although he does need a world class PR team to keep all his scandals and negative publicity under control. Currently running to be the Republican nominee for president, Trump is most famous for being a real estate magnate worth billions. Despite his reputation, he’s declared bankruptcy four times. He claims it was all part of his strategy. (Apparently his strategy was to lose heaping piles of money.) Some are now beginning to speculate that the $4 billion estimate is probably a bit overstated and that his actual net worth is probably somewhere closer to $250 million.
Trump attempted to sue Timothy L. O’Brien—the originator of the claim that Trump is not nearly as rich as he claims—for defamation. However, after the courts found that O’Brien’s sources were valid, the case had to be dropped. Trying to pick just one scandal or controversy to exemplify Trump is an impossibility.
There was that time he made racist comments about Mexicans and then that other time he demanded Obama prove he was born in the United States. Then there was that other time he publicly stated that he would date his daughter if only she were not his daughter. But we can’t forget that time he criticized McCain as not being a hero because heroes don’t get taken prisoner. All in all, Trump is fast alienating everyone on all sides of the aisle.
Current Net Worth: $250 Million
Position: Former Governor of Massachusetts, former Presidential Hopeful
Mitt Romney took the spotlight in 2012 when he attempted to swipe the presidential seat from incumbent President Barack Obama. The spotlight was maybe not the best place for him, however, as he had a bad case of loose lips throughout the campaign.
In the most famous event, he was attending a fundraising event where he was recorded saying that 47% of Americans are too dependent on government and, therefore, he did not even want to bother trying to get their vote. He also offended Palestinians when he claimed that Israel was better-off economically simply because they had a superior culture. Clearly, the difference in economic strength has nothing at all to do with economic sanctions.
I guess people can’t be both beautiful and smart, and after being ranked among People Magazine’s “50 most beautiful people” in 2002, we know which of the two he chose.
Current Net Worth: $294 Million
Position: Texas Congressman
McCaul hails from Texas and takes the title of second wealthiest congressman currently in office. He earned his millions by marrying into wealth. His wife is associated with Clear Channel Communications and is the definite breadwinner in the relationship. In 2010, McCaul was worth just $74 million but by 2011, his net worth skyrocketed to $294 million. It was soon discovered that the staggering increase was actually just a result of his wife transferring money to his name. It seems like he’s a lucky guy to get such a big allowance.
While he may not have earned the bulk of his wealth, he does earn his own bad publicity. Back in 2011, he attempted to take away the right of the family of deceased soldiers to choose which—if any—prayers were read at the soldier’s funeral. He failed in his attempt but he did manage to get in the spotlight for the stunt.