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

The Hill's 2011 50 Wealthiest in Congress


The five-term House Republican saw his wealth decline last year, partly as a result in some moves in real estate.

Neugebauer took on a new mortgage, valued at least $500,000, for a Capitol Hill property. The congressman already has a $500,000 liability on the same property that he incurred in 2007, according to his financial disclosure report. His minimum net worth took about a half-million dollar hit in 2010, down from $6.7 million in 2009.

The lawmaker’s Capitol Hill property is worth at least $1 million, however. Neugebauer also has assets tied up in a company that rents watercraft, worth at least $500,000, and made at least $5,000 in income from rentals in 2010. He also has several holdings in private equity and hedge funds, including some controlled by Goldman Sachs.

—Kevin Bogardus