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Over half of US Congress members are millionaires, with 50 worth over $10 million and 8 worth over $100 million. Senators are wealthier than Representatives, with most investing in stocks and healthcare. Wealth among officials increased 16% during the 2008-2009 recession.
More than half of all members of Congress in the United States are at least millionaires. As of 2010, 50 of the 261 millionaires in Congress were worth more than $10 million US Dollars (USD), and eight were worth more than $100 million USD.
Learn more about US Congressmen:
Senators tend to be much wealthier than members of the House of Representatives. The average wealth of Senators is over $2 million USD and the average wealth of Representatives is around $700,000 USD.
Congressmen don’t become millionaires because of work: Each congressman receives an annual salary of $175,000, not counting perks like travel allowances. Most conventioneers invest heavily in the stock market and healthcare sector.
Wealth among congressional officials increased more than 16% between 2008 and 2009, even as the country was in a severe recession.
