Quantcast

Who’s in the 1 percent? Not our reps

A new analysis of Congressional financial disclosure forms says 58 members of Congress are among the wealthiest 1 percent of Americans. But nobody from the Illinois delegation make the cut.

The study by the Center for Responsive Politics, published by USA Today, says roughly 11 percent of the members of Congress have a net worth of more than $9 million — enough to make them richer than 99 percent of all Americans.

But nobody in the Illinois delegation comes close. U.S. Rep Jan Schakowsky of Evanston is in the bottom half of the state's delegation with a reported net worth of around $223,000.

Sen. Dick Durbin does better with a reported net worth of nearly $1.1 million, far ahead of the state's new Republican senator, Mark Kirk, who reports a net worth of around $89,000.

All the numbers are averages calculated from the mid-point of broad ranges used on Congressional disclosure forms. The figures also exclude the value of the members homes.

The richest member of the Illinois delegation is Republican Judy Biggert, with a net worth estimated at $5.6 million. The poorest is Democrat Bobby Rush who reported no net assets.

Editors’ Picks