Bonneville Phoenix Network
 KTAR News
 Arizona Sports
Latest News

Arizona lawmaker among wealthiest in D.C.

PHOENIX -- One Arizona lawmaker is among some of the wealthiest people on Capitol Hill in Washington, D.C.

According to The Hill, Rep. Trent Franks (R-Ariz.) is the 32nd-wealthiest person with a net worth of $11.1 million.

His two biggest assets, however, are holdings in Providence Trust and Trinity Petroleum, both valued at $5 million each.

Franks also has $100,000 worth of holdings in a patent for a device that uses a pager to conceal pepper spray.

Franks said he had zero debt in 2011.

Overall, the richest lawmaker on Capitol Hill was House Oversight Committee Chairman Darrell Issa (R-Calif.), who is worth about $355 million thanks to his ties to Viper car alarms.

More Republicans (29) were among the 50 wealthiest people on Capitol Hill. Twenty-one Democrats made the list.

About the Author is the online home of KTAR News on 92.3 FM, the Voice of Arizona. We're your source for breaking news, traffic, weather and the stories that matter to you.


comments powered by Disqus
Latest News