24. Brad Sherman

$699,000 minimum net worth

Sherman (D-Porter Ranch) is the former chairman of the State Board of Equalization. His largest asset was his Washington, D.C., home and its rental unit, worth between $1,000,001 and $5 million. His only liabilities were two mortgages.

Totals

$1.7 million minimum assets
$1.0 million minimum liabilities

Asset list

Rank Asset Type Owner Minimum value
1 Home with rental unit in Washington DC Real Estate Member $1,000,001
2 US Savings Bonds Investments Member $250,001
3 Vanguard Tips Fund Investments Member $100,001
4 Vanguard Tips Fund (IRA) Investments Member $100,001
5 CA State Legislators Retirement Pension Investments Member $100,001
6 Vanguard CA Investments Member $50,001
7 Congressional Federal Credit Union Bank Account Member $50,001
8 Bee Bee Draw/Hambert Properties Investments Member $15,001
9 Union Bank of California Bank Account Member $15,001
10 Wescom Credit Union Bank Account Member $15,001
11 Wescom Credit Union Bank Account Member $1,001
12 Wescom Credit Union Bank Account Member $1,001
13 Wescom Credit Union Bank Account Member $1,001
14 Bank of America Bank Account Member $1,001
15 Value of CPA Practice Equipment Real Estate Member $1

Liability list

Rank Creditor Type Owner Minimum value
1 Congressional Federal Credit Union Mortgage Member $500,001
2 Chase Bank Mortgage Member $500,001
#25. Cook (R) $619,000

Credits: Christina Bellantoni, Christine Mai-Duc, Javier Panzar, Julie Westfall and Sarah Wire.

About this data: These are the assets disclosed for calendar years 2014-2016 compiled by Roll Call. They are ranked from largest to smallest. Financial disclosure rules allow lawmakers to report broad ranges of minimums for both assets and liabilities, starting at $1 to $1,000 and topping out at $50 million or higher, so it is impossible to offer precise figures. The minimum values shown are how Roll Call calculated the net worth for each member.

Roll Call assigns assets and liabilities into several categories. The disclosure forms indicate if the asset or liability is owned solely by the member, by the member’s spouse, by the member’s dependent(s) or jointly owned by the member and spouse. The names of the assets and liabilities appear as they were entered on the forms filed with the clerk of the House and the Senate Select Committee on Ethics.