California's congressional delegation includes 20 millionaires, but where do the representatives in the central San Joaquin Valley fit in a delegation worth at least $439,000,000?
The Los Angeles Times ranked each of California's 55 members of Congress according to 2014-16 financial disclosure data collected by Roll Call. The Valley sends several millionaires to Washington, but it also includes the perennial "poorest member of Congress" in Rep. David Valadao, R-Hanford, who lists millions in liabilities due to credit lines used to purchase equipment for his family's dairy operation.
Valadao's financial disclosure forms showed stakes in Valadao Dairy and Triple V Dairy worth at least $1 million each, but he also listed at least $19.5 million – mostly from Rabobank credit lines – in liabilities.
Rep. Jim Costa, D-Fresno, ranked as number 11 of the 20 millionaires with a $2.1 million minimum net worth. Costa reported at least $1 million in assets from his family farm, as well as several rental properties and investments. His only liability was a mortgage worth at least $250,001.
Tulare Republican Rep. Devin Nunes was worth at least $101,000, reporting two $50,000 stakes in Napa Valley wineries and a joint savings account. Nunes, chairman of the House Intelligence Committee, listed no mortgages or liabilities.
Moving north, Turlock Republican Rep. Jeff Denham was sixth on the list with a worth of at least $6.2 million. He owns a plant that manufactures plastic containers for farmers.
Rep. Tom McClintock, R-Elk Grove, was listed at $281,000 in debt due to a $250,000 mortgage and $50,000 in federal student loans for his children.
Bakersfield Republican Rep. Kevin McCarthy, the House majority leader, had a net worth of at least $81,000, mostly from investments.
Sen. Dianne Feinstein was second on the list, posting a net worth of at least $58.5 million – about half of which came from owning part of a hotel group that includes the Carlton Hotel in San Francisco.
Sen. Kamala Harris had a listed worth of at least $391,100, with six-figure investment and retirement funds being offset by a mortgage of at least $1 million.