Sunday, September 27, 2009

Fred Upton still among richest in Congress

By Kalamazoo Gazette staff
September 15, 2009
John A. Lacko | Special to the Kalamazoo Gazette

WASHINGTON -- U.S. Rep. Fred Upton, R-St. Joseph, is again listed as one of the most affluent members of Congress.

Upton is 31st among the 50 richest members of Congress in the latest rankings, based on 2008 financial disclosure statements that were due in May, according to Roll Call, a Washington, D.C., political news source.

Upton moved up from 39th place in 2007 and was one of a handful of wealthy federal lawmakers who saw the value of their minimum net worth increase amid the economic recession.

An heir to the Whirlpool Corp. fortune, Upton listed assets of $8.07 million, up from $7.21 million the previous year, and no liabilities.

Upton was the only federal lawmaker from Michigan to make the top-50 list.

U.S. Sen. John Kerry, D-Mass., continued his top ranking in 2008 with a minimum net worth of $167.5 million, followed by U.S. Rep. Darrell Issa, R-Calif., who had a net worth of $164.7 million.

Of the 50 wealthiest members of Congress, 28 are Democrats and 22 are Republicans.