The Hill's 2011 50 Wealthiest in Congress: Page 3 of 51

The Hill's 2011 50 Wealthiest in Congress

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The House Oversight and Government Reform Committee chairman has always been one of the richest members of Congress, but his wealth shot up in 2010 by almost $60 million.

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The rise in Issa’s fortune can be explained by his creation at the end of 2010 of several limited partnerships that received commercial properties from DEI LLC, a commercial property management company in Vista, Calif. Many of those new companies are worth at least $5 million each, and helped boost the value of his assets.

Issa founded Directed Electronics, the nation’s biggest manufacturer of car security systems.

Issa reported two massive liabilities in 2010: a debt with Greene Properties worth at least $50 million and another liability with DEI valued at least $25 million.

—Kevin Bogardus

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