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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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Polis’s minimum net worth jumped by more than $6 million in 2011.

The increase can likely be attributed to the sheer number of assets that the Colorado Democrat reported holding last year. Polis released 13 pages detailing his assets on his 2011 form, nearly doubling the seven pages he released in 2010. 

One of the congressman’s larger assets is a qualified blind trust worth at least $25 million. But the lawmaker has one of the more interesting and diverse portfolios on Capitol Hill, investing in several tech companies, including a $15,000 holding in the video game advertising company TapMe Inc.

Polis is already familiar with tech and the Internet. He started American Information Systems, an Internet access firm, while at Princeton and also helped to launch other websites, including ProFlowers.com. 

In 2011, Polis reported a number of liabilities totaling more than $3.5 million. Some of those debts included a $500,000 mortgage on a Berthoud, Colo., vacation home and another mortgage on his personal residence in Boulder, Colo., for at least $1 million.

- Kevin Bogardus


Update: This story was corrected on Friday, Aug. 24 to show that Rep. Jared Polis (D-Colo.) has a minimum net worth of $72.2 million. Incorrect information appeared in an earlier version of this story.






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

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