52. Jimmy Panetta

-$470,000 minimum net worth

With a net worth of negative $496,000 due to a mortgage on his Carmel home, Panetta (D-Carmel) was one of two newly elected members with a negative net worth. Panetta was also among a handful of members who still owed money on student loans. He reported having more than $50,000 left to pay.

Totals

$80,000 minimum assets
$550,000 minimum liabilities

Asset list

Rank Asset Type Owner Minimum value
1 Bank of America Bank Account Joint $15,001
2 Janus IRA, Janus Research Fund D Shares Investments Spouse $15,001
3 Janus IRA, Janus Global Select Fund D Shares Investments Spouse $15,001
4 Janus IRA, Janus Global Life Sciences Fund D Shares Investments Spouse $15,001
5 American Funds CollegeAmerica 529 Savings Plan, Growth Fund of America Investments Dependentchild $1,001
6 American Funds CollegeAmerica 529 Savings Plan, Income Fund of America Investments Dependentchild $1,001
7 American Funds CollegeAmerica 529 Savings Plan, Investment Company of America Investments Dependentchild $1,001
8 American Funds CollegeAmerica 529 Savings Plan, New World Fund Investments Dependentchild $1,001
9 American Funds CollegeAmerica 529 Savings Plan, Smallcap World Fund Investments Dependentchild $1,001
10 American Funds CollegeAmerica 529 Savings Plan, The Bond Fund of America Investments Dependentchild $1,001
11 Citigroup Global Markets, Inc 529 Plan, Capital Income Builder Investments Dependentchild $1,001
12 Citigroup Global Markets, Inc 529 Plan, Capital World Growth & Income Investments Dependentchild $1,001
13 Citigroup Global Markets, Inc 529 Plan, EuroPacific Growth Fund Investments Dependentchild $1,001
14 Citigroup Global Markets, Inc 529 Plan, Fundamental Investors Investments Dependentchild $1,001
15 Citigroup Global Markets, Inc 529 Plan, Growth Fund of America Investments Dependentchild $1,001
16 Citigroup Global Markets, Inc 529 Plan, Investment Company of America Investments Dependentchild $1,001
17 Citigroup Global Markets, Inc 529 Plan, Income Fund of America Investments Dependentchild $1,001
18 Citigroup Global Markets, Inc 529 Plan, New World Fund Investments Dependentchild $1,001
19 Citigroup Global Markets, Inc 529 Plan, Smallcap World Fund Investments Dependentchild $1,001
20 Citigroup Global Markets, Inc 529 Plan, The Bond Fund of America Investments Dependentchild $1,001
21 American Funds CollegeAmerica 529 Savings Plan, Capital Income Builder Investments Dependentchild $1,001
22 American Funds CollegeAmerica 529 Savings Plan, Capital World Growth & Income Investments Dependentchild $1,001
23 American Funds CollegeAmerica 529 Savings Plan, EuroPacific Growth Fund Investments Dependentchild $1,001
24 American Funds CollegeAmerica 529 Savings Plan, Fundamental Investors Investments Dependentchild $1,001
25 Citigroup Global Markets, Inc 529 Plan, Capital World Bond Fund Investments Dependentchild $1
26 American Funds CollegeAmerica 529 Savings Plan, Capital World Bond Fund Investments Dependentchild $1

Liability list

Rank Creditor Type Owner Minimum value
1 Citibank Mortgage Joint $500,001
2 Nelnet Student Loan Member $50,001
#53. DeSaulnier (D) -$497,000

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.