MNGOP in Congress average net worth of $1.4 million
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| Politicians: Richer than us, and the gap is growing |
The Center's list of the net worth of each member of Congress shows that Minnesota's four House Republicans have an average net worth of $1,413,752. In comparison, the four House Democrats have an average net worth of just $292,999.
A New York Times analysis found that the average net worth of a Congress member is about $913,000, compared with about $100,000 for a typical American.
Furthermore, the gap between everyday folks and their elected representatives has grown during the past six years: while members of Congress saw their net worth increase by an average of 15 percent, the average American's net worth dropped by 8 percent.
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| Michele Bachmann is Minnesota's richest Representative. |
On the other side of the aisle, it seems Democratic Representative Keith Ellison (5th District) could benefit from a little wealth redistribution. His net worth is just $18,999, ranking 413th out of 425. The richest Minnesota House Democrat is Representative Tim Walz with a net worth of $597,996.
But not all of our Democrats are crying poor. Senator Al Franken's net worth of $12.9 million is the most of any Minnesota Congressperson and the 27th most out of the 100 Senators.
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| Minnesota's richest Senator |
The Center's report notes that about 1 percent of Americans are millionaires, compared to more than 40 percent of Congress members.
To see the net worth breakdown for every Congress member, click here.
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