Only one Latino among the 50 richest members of Congress

voxxiBy Griselda Nevarez, Voxxi

Rep. Bill Flores (R-Texas) is the only Latino who made it to the list of 50 richest members of Congress, a list compiled by CQ Roll Call using financial disclosures from 2012.

Flores, a former executive of an oil and natural gas exploration company, came in at No. 49 on the list with a net worth of $6.71 million. He fell three spots from where he ranked the year before, when his net worth stood at $6.94 million.

His net worth dropped for various reasons, including the decrease in value of an airplane hanger he owns at Coulter Airfield in Bryan, Texas. The drop of his net worth is also due to an investment fund he holds a stake in that lost value last year.

Nearly 74 percent of his net worth comes from investments, approximately 25 from bank accounts and about 1 percent from real estate.

Flores, a member of the Congressional Hispanic Caucus, is currently serving his second term as House members.

Breaking down the list of 50 richest members of Congress

Flores isn’t just the only Latino on the list of 50 richest members of Congress. He is also the only non-Anglo to make it to the list.

This comes when 17 percent of the members of Congress are either Hispanic, African American, Asian/Pacific Islander or Native American.

Of the 50 richest members of Congress on the list, 29 are Republicans and 21 are Democrats. Only nine women made it to the list.

At the top of the list is Rep. Darrell Issa (R-Calif.), who has a net worth of $355.38 million.

Coming at a distant second is Rep. Michael McCaul (R-Texas) with a net worth of $114.10 million, followed by Sen. Mark Warner (D-Va.) with a net worth of $96.31 million, and Sen. Richard Blumenthal (D-Conn.) with a net worth of $85.32 million.

Coming in last on the list is Rep. Bill Foster (D-Ill.), who had a net worth of $6.67 million.

This article was first published in Voxxi.

[Photo courtesy Congressional Office of Bill Flores]

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