Majority of US Congressmen millionaires: Report

Washington, Jan. 10: Majority of the members of Congress are millionaires for the first time in history.

According to a Center for Responsive Politics examination of financial disclosures, at least 268 of the 534 current Hill lawmakers had a net worth of more than one million dollars in 2012.

The center found that in addition, the median net worth of congressional members topped one million dollars, up from 966,000 dollars last year.

According to Politico, Democrats had a slightly higher net worth than Republicans. The median of Hill Democrats was 1.04 million dollars as compared to one million dollars for Republicans’.

Republican Darrell Issa (R-Calif.), a businessman in the car alarm industry, retook the mantle of wealthiest member of Congress with a net worth of 464 million dollars in 2012, the report added. (ANI)