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The Hill’s 50 Wealthiest lawmakers

By Kevin Bogardus and Megan R. Wilson - 08/21/12 05:00 AM ET

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Blumenthal’s minimum net worth skyrocketed by nearly $25 million last year when compared to his wealth in 2010.

The former Connecticut state attorney general saw his fortune increase partially because several of his assets went up in value. A JPMorgan checking account, jointly owned by Blumenthal and his wife, went from being worth at least $50,000 in 2010 to $1 million last year. Further, several properties in care of Malkin Holdings — including many commercial office buildings in New York City — went up in value in 2011, and are newly estimated to be worth at least $1 million each.

Blumenthal’s spouse, Cynthia, is the daughter of real estate mogul Peter Malkin. Some family trusts attributed to her on the lawmaker’s financial disclosure form are worth at least $1 million each.

Likely because of new STOCK Act requirements, the Connecticut senator reported one liability for 2011: a JPMorgan Chase mortgage on a personal residence for at least $500,000.

- Kevin Bogardus




Source:
http://thehill.com/business-a-lobbying/243625-the-hills-2012-50-wealthiest-in-congress

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