How 5 of The Richest U.S. Congressman Grew Their Fortune

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Five of the richest U.S. Congressman and their stories of entrepreneurial success.

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How 5 of The Richest U.S. Congressman Grew Their Fortune

  1. 1. How 5 of The Richest U.S. Congressman Grew Their Fortune
  2. 2. 5. Jim Renacci (R-Ohio) Average estimated net worth: $36.6 million • Education: – Indiana University of Pennsylvania • Can you “account” for that? – Renacci started his career as an accountant. – He founded LTC Management, which owned a string of nursing homes. • Just the beginning Source: JimRenacci – Later, he founded a CPA firm. – In all, Renacci has, “owned and operated over 60 entities [and] created more than 1,500 jobs.”
  3. 3. 4. Vernon Buchanan (R-Fla) Average estimated net worth: $88.8 million • Education: – Cleary University and M.B.A. from University of Detroit • Car Dealerships – Buchanan used what was left from his previously failed business venture to buy a car dealership. Then he bought a few more. – By 2005 his dealerships had $756 million in sales. • What’s the risk? Source: Vern Buchanan – Buchanan now owns two reinsurance companies.
  4. 4. 3. John K. Delaney (D-Md) Average estimated net worth: $154.6 million • • • Source: BlueprintMaryland Education: – Columbia University and Georgetown University Law School 1st business venture – HealthCare Financial Partner Inc. provides financing to small and medium-sized health providers. 2nd business venture – CapitalSource Inc. is a commercial lender. – The Business trades on the New York Stock Exchange. – Delaney serves on the board of the $2.7 billion market cap company.
  5. 5. 2. Jared Polis (D-Colo) Average estimated net worth: $197.9 million • Education: – Princeton University • Thanks Mom! – Polis’ Mother turned her poetry into the greeting card family business Bluemountainarts.com. • The dot-com bubble Source: Congressman Jared Polis – Polis mad a killing selling bluemountainarts.com at the height of the dot-com bubble. Polis sold his second company, ProFlowers, in 2006. – The companies sold for a estimated combined $1.2 billion.
  6. 6. 1. Mark Warner (D-Va) Average estimated net worth: $257.5 million • Education: – George Washington University & Harvard Law School • Thanks cell phones: – Used his law degree to broker mobile phone franchise licenses. • The big money: Source: The Washington Post – Founded the venture capital firm Columbia Capital. – Warner co-founded the company that would become Nextel. Along with hundreds of other tech start-ups.
  7. 7. I Just Robbed Wall Street

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