• Most Popular
  • Most Shared

Schapiro, Clinton are richest of top Obama aides

WASHINGTON
Fri Nov 6, 2009 6:12pm EST
Secretary of State Hillary Clinton speaks during a news conference with Germany's Foreign Minister Guido Westerwelle at the State Department in Washington, November 5, 2009. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - Securities and Exchange Commission Chair Mary Schapiro, who regulates a wide swathe of Wall Street, is the richest of the Obama administration's top officials with an estimated net worth of $26.6 million, according to a new analysis of U.S. public officials' wealth.

U.S.

Secretary of State Hillary Clinton comes in second at $21.5 million and Attorney General Eric Holder third at $11.5 million. President Barack Obama is sixth, at $3.7 million, according to the Center for Responsive Politics' latest estimate.

The wealth of the executive branch's top players pales in comparison to members of Congress, some 44 percent of whom are millionaires.

Republican Representative Darrell Issa of California, who earned his fortune making car alarms, tops the list with an estimated wealth of $251 million, the watchdog group said.

Jane Harman, A Democratic representative from California whose husband founded an audio equipment company, comes in second with $244 million.

Democratic Senator Herb Kohl of Wisconsin, who founded a department store chain, is worth $214 million.

Near the other end of the scale, Vice President Joe Biden is worth only $27,000, the group estimated.

He appeared to be better off than Senate Finance Committee Chairman Max Baucus, who owes $42,000 more than he owns, according to the group's estimate.

Members of Congress and top administration officials are required to report their assets and liabilities, but they do not have to provide exact values, only an approximate range. The Center for Responsive Politics reached its estimates by adding together assets and liabilities and estimating the midpoint of the resulting range.

Officials are not required to report the value of their homes.

Other notable Washington officials listed in the report:

* Energy Secretary Steven Chu -- $5.6 million

* Treasury Secretary Timothy Geithner -- $1.3 million

* Budget Director Peter Orszag -- $1.3 million

* Homeland Security Secretary Janet Napolitano -- $463,000

* Democratic Senator John Kerry -- $209 million

* Former Democratic Senator Edward Kennedy -- $44.9 million

* House Speaker Nancy Pelosi -- $31.4 million

* Republican Senator John McCain -- $20.2 million

* Senate Republican Leader Mitch McConnell -- $17 million

(Reporting by Andy Sullivan; editing by Mohammad Zargham)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article