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Who are the wealthiest members of General Assembly?

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General Assembly millionaires

Three Democrats (top, from left) — Del. Scott A. Surovell, D-Fairfax, Sen. Janet D. Howell , D-Fairfax and Del. L. Kaye Kory, D-Fairfax — and three Richmond-area Republicans (bottom, from left) Sen. John Watkins, R-Powhatan, Del. Peter F. Farrell, R-Henrico and Sen. Walter A. Stosch, R-Henrico are members of the millionaire's club.

Elected members of the Virginia General Assembly make roughly $18,000 a year.

It’s a good thing most of them have other money coming in.

In fact, at least 75 lawmakers in the 140-member legislature have a minimum of $100,000 in stocks and investments, according to state financial disclosure forms published Monday by the Virginia Public Access Project.

The number includes 46 lawmakers whose portfolio is worth at least $100,000 to $500,000, 13 members who own at least $500,000 to $1 million in investments, and 16 lawmakers who have more than $1 million in holdings.

Precise numbers are not available because of the broad dollar range of the investment categories in which lawmakers must classify their holdings.

Of the 29 lawmakers listed as holding a minimum of more than $500,000 in stocks and investments, 21 are Republicans.

Democrats have three members of the millionaire’s club — Sen. Janet D. Howell, D-Fairfax; Del. L. Kaye Kory, D-Fairfax; and Del. Scott A. Surovell, D-Fairfax. Three Richmond-area Republicans are also members of the club: Del. Peter F. Farrell, R-Henrico; Sen. John Watkins, R-Powhatan; and Sen. Walter A. Stosch, R-Henrico.

So where do lawmakers park their money? The short answer is blue chip investments. According to VPAP, the most popular stocks include Dominion, General Electric, Apple, McDonald’s, Altria Group, Bank of America, Johnson & Johnson, Microsoft and Pepsi-Cola Co.

By contrast, 35 lawmakers reported no stock, securities or mutual fund holdings worth more than $10,000 on their financial forms.


Lawmaker Investments


Check on the level of personal financial investments for each member of the General Assembly through information collected by the Virginia Public Access Project from legislators' annual Statement of Economic Interests, Schedule C.

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