By The Hill Staff - 09/05/11 09:30 AM EDT
Buchanan saw his wealth slide in 2010 by roughly $9 million.
That decline can be partially attributed to the three-term House lawmaker’s assets decreasing in value, though he also saw his liabilities fall. Buchanan makes the list of Capitol Hill’s wealthiest because of his background in auto sales. Several of his car dealerships in Florida and elsewhere are valued highly — often worth at least at $1 million, if not $5 million.
Buchanan did report lower debts last year. The Florida Republican listed more than $26 million in liabilities for 2010, including the holding, leasing and purchase of a Lear jet worth at least $5 million.