Many members of Congress have impressive financial backgrounds, and some of those trace their wealth back to their spouses.
The net worth of Rep. Michael McCaul (R-Tex.) rose by more than 1,000 percent between 2004 and 2010. McCaul is married to Linda McCaul, the daughter of the chief executive and founder of Clear Channel Communications, which generates nearly $6 billion in annual revenue from its network of radio stations and outdoor advertising business.
While many portfolios suffered painful losses during the economic meltdown, McCaul’s finances emerged stronger than ever because of money coming from his wife’s family. His estimated wealth skyrocketed, from $70 million in 2008 to $380 million in 2010, broadly invested in numerous companies.
After Sen. Roy Blunt (R-Mo.) married a Washington lobbyist in 2003, his financial picture vastly improved. The year before, while he was separated from his first wife, Blunt had an estimated reported wealth of $164,000. By 2010, that figure had risen to nearly $4 million.