Mike Kelly: You’re Number 21!
Freshman Rep, Mike Kelly (R-Butler) is the 21st richest member of Congress, according to financial disclosure forms compiled by Roll Call. He’s the only member of Congress from Pa. to make the list.
The organization list his family’s minimum net worth at $14.94 million.
Congress has 535 voting members. The wealth is bipartisan: 31 of the 50 on the list are Republicans, while 7 of the top 10 are Democrats.
Kelly rode the GOP wave in 2010 over incumbent Democrat Kathy Dahlkemper. This year, he faces Missa Eaton, a professor of psychology at Penn State-Shenango. At the end of the 2nd quarter, she reported having $21,000 on hand to Kelly’s $389,000.
Here’s Roll Call’s write-up on Kelly:
Kelly saw his minimum net worth increase to $14.95 million.
The first-term Pennsylvania Republican owns three car dealerships in his home state. A Cadillac dealership has a reported value of $1 million to $5 million, a Hyundai dealership is worth at least $15,000, and Mike Kelly Automotive is worth $50,000 to $100,000, according to his most recent filing.
The bulk of Kelly’s reported wealth comes from dozens of funds, bonds and stocks his spouse, Victoria Kelly, has in an investment portfolio worth more than $13 million.
Victoria Kelly sold stock in the natural gas companies Phillips Resources Inc. and TWP Inc. that was worth at least $10 million sometime during 2011.
Kelly’s only reported liability is a mortgage of $1 million to $5 million on a Butler County, Pa., property that is listed with the same value as an asset.