FloridaTrend.com, the Website for Florida Business


Congressional Holdings

At least eight members of Florida's congressional delegation are millionaires, according to a Florida Trend analysis, and several more are within reach of seven-digit fortunes. Financial disclosure information for Rep. Katherine Harris (R-District 13), who filed for an extension, was not available by publishing deadline. (UPDATE BELOW)

The net worth figures represent as close an approximation as possible based on information contained in public records. Estimated net worth ranges were calculated by adding the value of lawmakers' homes to the total of other assets listed in each politician's federally mandated financial disclosure forms and subtracting their liabilities. Home values are based on the latest sales figures, if recently purchased, "just market" value in some instances or 2004 taxable values if no other estimates were available. All homes are in Florida, unless otherwise noted. Lawmakers are ranked from the wealthiest to the poorest, according to their minimum net worth. The tally includes assets held by spouses and dependent children.

UPDATE - Rep. Katherine Harris was not included in the print version of this feature because she filed for an extension, and her financial records were not available in time for print publication. This online version includes Harris' net worth.

1. Rep. Clay Shaw (R)

District 22: Coastal Broward and Palm Beach counties, parts of Fort Lauderdale and Boca Raton

Estimated Net Worth: $10.2 million to $43.5 million

Personal Residence: $2.6 million

Other Assets: $8.6 million to $41.4 million

Liabilities: $500,000 to $1 million

Key Investments: Shaw's fortune is derived from holdings in Dania Farms with land in Dania and south Miami-Dade County -- a holding worth between $6 million and $30 million. He also has an interest in Shaw Land Co., a family timberland partnership with land in Alabama and Mississippi.

2. Rep. Katherine Harris (R)

District 13: Sarasota and Manatee counties

Estimated Net Worth: $10 million to $39 million

Personal Residence: $2.28 million

Other Assets: $7.8 million to $36.9 million

Liabilities: None

Key Investments: Harris cashed in between $5.1 million and $25.25 million worth of BHG Inc. stock last year, according to her most recent financial disclosure report. Disclosures were due in May, but Harris, a Republican who is gunning for Democratic Sen. Bill Nelson's seat, asked for an extension. Her nine-page report, submitted in August, shows she has an estimated net worth of between $10 million and $39 million. Her biggest holdings include a $5-million to $25-million stake in Intercon Marketing, her husband's Sarasota-based marine products firm; a $1-million to $5-million account in Northern Trust Bank; and a rental property in Sarasota valued at between $1 million and $5 million. The couple's home on Longboat Key, valued at approximately $2.28 million, was not included on the disclosure form. She also has $250,000 to $600,000 worth of stock in her father's business, Citrus & Chemical Bancorporation Inc. He is a former president of the bank.

3. Rep. Ander Crenshaw (R)

District 4: Jacksonville and the beach communities of Duval County, a small eastern part of Tallahassee

Estimated Net Worth: $2.8 million to $8.1 million

Personal Residence: $920,870

Other Assets: $1.9 million to $7.2 million

Liabilities: None

Key Investments: A former investment banker and lawyer, Crenshaw owns stock in everything from PepsiCo to Berkshire Hathaway. The third-term lawmaker also has investments in several businesses, including Alamo Storage Partners, a self-storage facility in Dallas, and Direct Mail Systems, a direct mail business in St. Petersburg. Dividends from Direct Mail Systems generated between $50,000 and $100,000 in 2004. His largest single holding is in Trinity Fund Ltd., an investment firm in Jacksonville. His investment is valued at between $1 million and $5 million and produced between $100,000 and $1 million worth of income in 2004. Other stock holdings include Southern Co., Cisco Systems, Schlumberger Ltd., Tenet Healthcare Corp., Wells Fargo & Co. and IMPAC Mortgage Holdings.

4. Rep. John Mica (R)

District 7: Parts of Flagler, St. Johns, Seminole and Orange counties and most of Volusia and Putnam counties

Estimated Net Worth: $3.3 million to $6.2 million

Personal Residence: $778,196

Other Assets: $2.6 million to $5.4 million

Liabilities: $15,000 to $50,000

Key Investments: The Orlando congressman is heavily invested in real estate. His personal residences include a home in Winter Park, another in Cocoa Beach and two lots in Blowing Rock, N.C. He also owns rental units in Maitland (outside Orlando) and on Capitol Hill in Washington. He and his wife hold a Metropolitan Life IRA valued at between $100,000 and $250,000.

5. Rep. Allen Boyd (D)

District 2: Part of Tallahassee and Panama City and all or part of the Panhandle's 16 counties

Estimated Net Worth: $2.6 million to $8.7 million

Personal Residence: $102,315

Other Assets: $2.7 million to $8.7 million

Liabilities: $100,000 to $250,000

Key Investments: The land has been kind to this fifth-generation farmer from the Florida Panhandle. The Boyd family raised cattle, cotton, sod and peanuts on its farms, which are worth well over $1 million today. Boyd's cotton gin operations generate between $50,000 and $100,000 in income for him each year. His only liability is the mortgage on Flyway Farms and Flatwood through the Farm Credit Service.

6. Sen. Mel Martinez (R)

Estimated Net Worth: $1.8 million to $3.7 million

Personal Residence: $985,731

Other Assets: $1.2 million to $2.9 million

Liabilities: $150,000 to $350,000

Key Investments: The former head of the Department of Housing and Urban Development has numerous holdings through Morgan Stanley, but his largest single holding is the four-bedroom, four-bath house in Baldwin Park that he and his wife, Kitty, purchased last year for $1.1 million. He also owns rental property in Orlando. His 2004 earnings from the Akerman Senterfitt law firm, before he headed back into public service, were $390,954. He also earned $27,750 in director fees from La-Z-Boy Corp. and another $3,500 in director fees from United Heritage Bank. He resigned from both boards before taking office.

7. Sen. Bill Nelson (D)

Estimated Net Worth: $3.1 million to $8.3 million

Personal Residence: $1.3 million condo in Rosslyn, Va.

Other Assets: $1.8 million to $7 million

Liabilities: None

Key Investments: Single largest investment is pasture and undeveloped land in Brevard County valued at between $1 million and $5 million. Nelson is also fond of CDs and U.S. Treasury notes. He and his wife own between $250,000 and $600,000 worth of stock in Brown & Brown.

8. Rep. Cliff Stearns (R)

District 6: Western Duval County, western Gainesville and part of Ocala; Bradford and Gilchrist counties and most of Clay County

Estimated Net Worth: $1.4 million to $4.7 million

Personal Residence: $294,886

Other Assets: $2 million to $4.8 million

Liabilities: $400,000 to $850,000

Key Investments: This Ocala congressman has a diverse portfolio of investments, many stemming from the successful restaurant and motel managing business he built in the 1970s. In addition to rental property in St. Augustine and Silver Springs -- including property leased for restaurants -- Stearns owns considerable real estate in his new neck of the woods, Alexandria, Va., just across the Potomac River from the Capitol. One townhouse alone in Old Town Alexandria is valued at between $500,000 and $1 million. He owns stock in Alarion Bank, DaimlerChrysler, Keycorp, ExxonMobil and a variety of mutual funds.

9. Rep. Ginny Brown-Waite (R)

District 5: Hernando, Citrus and Sumter counties, most of Pasco and Levy counties and parts of Polk, Lake and Marion counties

Estimated Net Worth: $1 million to $2.9 million

Personal Residence: $174,100

Other Assets: $859,000 to $2.7 million

Liabilities: None

Key Investments: The former healthcare consultant holds numerous stocks, bonds and other investments. Her largest assets are a money market account with World Saving Bank valued at between $100,000 and $250,000, a Bank of America account worth between $100,000 and $250,000 and a piece of property in the District of Columbia worth between $500,000 and $1 million. Rental income from the property was between $15,000 and $50,000 in 2004. Stock holdings through H&R Block include Wal-Mart, Home Depot and Microsoft. The congresswoman also owns a 1959 MG automobile and property in North Carolina and Georgia.

10. Rep. Ileana Ros-Lehtinen (R)

District 18: Eastern Miami-Dade County, most of Miami and the Keys

Estimated Net Worth: $769,566 to $989,566

Personal Residence: $682,566

Other Assets: $87,000 to $307,000

Liabilities: None

Key Investments: Lehtinen's portfolio includes stock in Mega Bank of Miami, two IRAs through the Community Bank of Homestead and stock in Nokia.

11. Rep. Mike Bilirakis (R)

District 9: Coastal areas of Pinellas and Pasco counties and part of Hillsborough County

Estimated Net Worth: $702,900 to $2.2 million

Personal Residence: $480,900

Other Assets: $672,000 to $1.9 million

Liabilities: $180,000 to $450,000

Key Investments: The Republican lawmaker owns a half-interest in unimproved lots in Tarpon Springs and rents out his previous residence in Palm Harbor. A diversified portfolio includes CDs, savings accounts and various stock holdings. Stocks include Cisco, Concord Camera, Cellstar, Corning, DSL Net, Emerson Radio, General Electric, IBM, Suburban Propane, Tech Data, Terremark, TV Azteca and Wells Fargo.

12. Rep. David Weldon (R)

District 15: Indian River County and portions of Brevard, Osceola and Polk counties

Estimated Net Worth: $574,850 to $1.2 million

Personal Residence: $233,850

Other Assets: $341,000 to $940,000

Liabilities: None

Key Investments: Weldon, who practiced internal medicine before being elected to Congress in 1994, receives royalties from Thomas Nelson Publishers, a Christian publishing house, for co-authoring "Moongate," a paperback sci-fi thriller packed with political intrigue. The plot revolves around fictional U.S. Rep. Scott Andrews, who in the year 2017 leads a voyage to the moon in search of energy supplies. Other assets include accounts with the Space Coast Credit Union in Melbourne, Bank of America, Chevy Chase Bank and Congressional Federal Credit Union. He has between $50,000 and $100,000 in the Templeton Foreign Fund, a fund that primarily invests in stocks and debt securities on non-U.S. companies, and the Select 10 Industrial Portfolio, an investment trust that holds the 10 highest dividend-yielding stocks in the Dow Jones industrial average.

13. Rep. Adam Putnam (R)

District 12: Most of Polk County, parts of HIllsborough and a small section of western Osceola County

Estimated Net Worth: $563,000 to $1.2 million

Personal Residence: $174,000

Other Assets: $389,000 to $1 million

Liabilities: None

Key Investments: Putnam's largest single asset is his ownership stake in Putnam Groves Inc., valued at between $250,000 and $500,000. Beginning in April 2004, Putnam, who has three children, began contributing on a monthly basis into a Florida Prepaid College Plan. He owns between $50,000 and $100,000 worth of Citrus and Chemical Bank stock and has $1,000 to $15,000 in U.S. savings bonds. Putnam also has $43,000 to $195,000 worth of investments in various mutual funds.

14. Rep. Robert Wexler (D)

District 19: Eastern portions of Palm Beach and Broward counties

Estimated Net Worth: $537,350 to $591,350

Personal Residence: $601,350 (home in Potomac, Md., that he claims as his principal residence, according to Montgomery County tax records)

Other Assets: $1,000 to $15,000

Liabilities: $25,000 to $65,000

Key Investments: One of only two listed assets was a small amount of stock in Orbus worth between $1,000 and $15,000. His shares in 4stats.com were listed as "valueless." Liabilities include revolving charge accounts with MBNA America Bank and Citibank.

15. Rep. Tom Feeney (R)

District 24: Parts of Orange, Seminole, Volusia and Brevard counties

Estimated Net Worth: $534,504 to $1.5 million

Personal Residence: $291,504

Other Assets: $493,000 to $1.3 million

Liabilities: $100,000 to $250,000

Key Investments: Besides his home in Oviedo, Feeney's biggest asset is rental property in Orlando valued at between $250,000 and $500,000. His stock holdings in a Fidelity IRA include Federal Express, HCA Inc., General Dynamics, Lifepoint Hospital, Northup Grumman, Triad Hospital Inc. and Triquint Semiconductor.

16. Rep. Debbie Wasserman Schultz (D)

District 20: Eastern portions of Broward and Miami-Dade counties

Estimated Net Worth: $407,090 to $761,090

Personal Residence: $390,090 (Broward County estimate)

Other Assets: $167,000 to $436,000

Liabilities: $65,000 to $150,000

Key Investments: Her largest holding is an account at Community Bank of Broward, where her husband, Steve, works. The couple also owns a 3.15-acre lot in Newbury, N.H., that they bought last year. In 2004, her husband sold more than 50 shares in Union Planter Corp. for between $1,000 and $2,500.

17. Rep. C.W. Bill Young (R)

District 10: Pinellas County

Estimated Net Worth: $365,000 to $414,000

Personal Residence: $349,000

Other Assets: $16,000 to $65,000

Liabilities: None

Key Investments: Young's only assets listed are an IRA valued at between $1,000 and $15,000, in wife Beverly's name, and a joint checking account at the Wright Patman Congressional Federal Credit Union. His largest discernible asset is the townhouse he and Beverly purchased last year on the Intracoastal Waterway.

18. Rep. Jeff Miller (R)

District 1: Escambia, Santa Rosa, Okaloosa, Walton, Holmes and Washington counties

Estimated Net Worth: $361,657 to $2.1 million

Personal Residence: $91,657

Other Assets: $770,000 to $2.1 million

Liabilities: $100,000 to $500,000

Key Investments: A real estate broker, Miller and his wife, Vicki, own about a dozen tracts of land in Santa Rosa County, the largest of which is a half interest in 405 acres along Highway 89 in Milton. The unimproved land, which he purchased in May 2004, is valued at between $500,000 and $1 million. He and his wife hold shares in various mutual funds, including Dreyfus Emerging Leaders, Vanguard Total Stock Market Index Fund and the Fidelity Contra Fund. He also owns $1,000 to $15,000 in CH Energy stock.

19. Rep. Jim Davis (D)

District 11: Parts of Hillsborough and Pinellas counties

Estimated Net Worth: $337,431 to $407,431

Personal Residence: $307,431

Other Assets: $30,000 to $100,000

Liabilities: None

Key Investments: The largest single holding appears to be Davis' home in Tampa. The only two assets listed on his financial disclosure statement are $15,000 to $50,000 worth of Treasury certificates in his child's name and a retirement plan through the state of Florida, valued at between $15,000 and $50,000.

20. Rep. Lincoln Diaz-Balart (R)

District 21: Central-west Miami-Dade County and a section of southwestern Broward

Estimated Net Worth: $333,264 to $487,264

Personal Residence: $362,264

Other Assets: $21,000 to $140,000

Liabilities: $15,000 to $50,000

Key Investments: A former lawyer and state prosecutor, Diaz-Balart has modest investments. He earns dividends from holdings in the Fidelity Puritan Fund and New England Life. His wife, meanwhile, has holdings in AG Edwards & Sons, Van Kampen Corporate Bond Fund (Class A), the Alliance Bernstein Growth Income Fund and the Van Kampen Mid Cap Growth Fund (Class A). She also has an investment in Citibank Savings and a 401(k) retirement plan with Morgan Stanley.

21. Rep. Ric Keller (R)

District 8: Orange County surrounding western Orlando and parts of Lake and Marion counties

Estimated Net Worth: $330,450 to $365,450

Personal Residence: $315,450

Other Assets: $15,000 to $50,000

Liabilities: None

Key Investments: A checking account is his only recorded asset besides his home.

22. Rep. Mark Foley (R)

District 16: Parts of St. Lucie, Martin and Palm Beach counties and Highlands, Glades, Okeechobee, Hendry and Charlotte counties

Estimated Net Worth: $309,200 to $1 million

Personal Residence: $171,200

Other Assets: $138,000 to $831,000

Liabilities: None

Key Investments: Foley is an active stock trader who in 2004 bought shares in everything from Family Dollar Stores and Krispy Kreme to ComCast and Kemet Corp. Other stock holdings include Allstate, AT&T, Avaya, BE Aerospace, Cedant, Cisco Systems, Corning, CVS Corp., Disney, ENERI, Gillette, Ford Motor, General Electric, Hartmarx Corp., Health Care Reit, Health Track Inc., Home Depot, Hewlett-Packard, HoneyWell, Ice Web Inc., Johnson & Johnson, McDonald's and Time Warner. He also owns stock in FPL Group.

23. Rep. Kendrick Meek (D)

District 17: Northeast Miami-Dade County and southeast Broward County

Estimated Net Worth: $164,326 to $392,326

Personal Residence: $162,326

Other Assets: $102,000 to $280,000

Liabilities: $50,000 to $100,000

Key Investments: Meek's wife has between $100,000 and $250,000 in her 401(k) plan and $1,000 to $15,000 in Equitable Mutual Funds of Charlotte, N.C. The couple has a joint bank account with Washington Mutual.

24. Rep. Corrine Brown (D)

District 3: A large portion of Putnam County as well as parts of Jacksonville, Orlando and Gainesville

Estimated Net Worth: $75,962 to $117,960

Personal Residence: $140,960

Other Assets: $2 to $2,000

Liabilities: $25,000 to $65,000

Key Investments: Before being elected to Congress, Brown was a college guidance counselor and owner of a travel agency. Besides her home in Jacksonville, Brown's only recorded holdings are two bank accounts. Debts consist of a personal loan with Wachovia Bank and another revolving charge account with Wachovia.

25. Rep. Mario Diaz-Balart (R)

District 25: Western Miami-Dade County and most of Collier and Monroe counties

Estimated Net Worth: ($69,502) to $300,498

Personal Residence: $180,498

Other Assets: $100,000 to $250,000

Liabilities: $130,000 to $350,000

Key Investments: Diaz-Balart's only asset listed is a condo unit on North Miami Beach in his wife's name. She purchased the condo in September 2004. Other liabilities include a boat loan with Wachovia Bank and a line of credit with Bank of America.

26. Rep. Connie Mack IV (R)

District 14: Lee County and coastal portions of Charlotte and Collier counties

Estimated Net Worth: ($734,000) to $515,000

Personal Residence: $165,000

Other Assets: $501,000 to $1 million

Liabilities: $650,000 to 1.4 million

Key Investments: Mack's largest single holding is his second home in Alexandria, Va., worth between $500,000 and $1 million. He also holds stock in Genzyme Corp. The congressman's liabilities include a personal line of credit with BB&T and first and second mortgages on his Virginia property.

27. Rep. Alcee Hastings (D)

District 23: Broward County, including parts of Fort Lauderdale, West Palm Beach and Lauderhill and sections of Palm Beach, Martin and St. Lucie counties

Estimated Net Worth: ($7.7 million) to ($2.1 million)

Personal Residence: $243,540

Other Assets: $1,000 to $15,000

Liabilities: $2.4 million to $7.9 million

Of Note: Hastings' large debt is mostly attributable to legal fees he owes to five individuals and a law firm. The former judge for the Southern District of Florida, Hastings was impeached by the U.S. Senate after being charged with perjury in a criminal case in which he was convicted of bribery. A federal district court later overturned his conviction on appeal.