Wednesday, September 1, 2010

The Hill's 50 Wealthiest List and Guess Who Is at #39 a First Term Senator from North Carolina


The web site THE HILL has a list of the wealthiest people who walk the halls of Congress and guess who is on this list at #39 none other than our local first term North Carolina Democratic Senator Kay Hagan from Greensboro . Here is what the the slideshow had to say about our local senator.

#39. Sen. Kay Hagan (D-NC) $6.9 million

Hagan saw a slight jump of about $200,000 in her minimum net worth in 2009 after she reduced some of her liabilities.

The first term North Carolina Democrat paid down the mortgage on a Tampa. FLA., building from $500,000 in 2008 to at least $250,000 last year. Otherwise, her portfolio remained mostly unchanged from 2008, with large stock holdings and pricey real estate investments representing the bulk of her wealth.

Hagan's husband, Chip, has at least $500,000 in Lincoln National Corp., a financial services company. The senator also has several properties in Lakeland, FLA. , where her farther was once mayor, including two commercial warehouses worth at least $1 million each.

Hagan reported almost $3 million in liabilities in 2009, consisting of several outstanding credit lines , mortgages and loans.

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