By Kevin Bogardus and Megan R. Wilson - 08/21/12 09:00 AM EDT
Lautenberg’s wealth rose by almost $2 million in 2011.
The increase can be partly explained by good fortune in the stock market. Lautenberg added at least $1 million in Amazon.com stock to his portfolio last year.
Lautenberg consistently ranks among the richest lawmakers on Capitol Hill, which isn’t surprising considering his business history. He co-founded Automatic Data Processing, the payroll services company, and still has at least $1 million in stock in the firm.
The New Jersey senator reported close to $1.8 million in liabilities last year. That included a $1 million mortgage with Bank of America on a personal residence as well as a JPMorgan Chase Bank mortgage on another personal residence for at least $250,000.
- Kevin Bogardus