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Gov. Warner among nation's richest politicians, Forbes reports

Date published: 10/29/2002

By The Associated Press

Virginia Gov. Mark Warner ranks as the 10th-wealthiest politician in the country, according to a report in Forbes magazine today. The magazine lists his net worth at $200 million. New York City Mayor Michael Bloomberg tops the list with a net worth of $4.8 billion, according to Forbes.

Arkansas Lt. Gov. Winthrop Rockefeller is the second wealthiest politician, with $1.2 billion. New York gubernatorial candidate B. Thomas Golisano trailed close behind with $1.1 billion.

The list of America’s richest politicians was posted Tuesday on Forbes.com, the business magazine’s Web site.

It never hurts to have money - and lots of it - when running for office.

Bloomberg spent about $73 million in 2001 to win the mayor’s seat, previously occupied by Rudolph Giuliani. He set the record for the most expensive non-presidential race in history.

Four of the 10 wealthiest politicians were also among Forbes’ 400 wealthiest Americans, announced in September.

To be considered, people had to be currently holding elective office or running in next week’s election.

Sen. John Kerry, D-Mass., was the wealthiest congressional member with a net worth of $550 million. He ranked fourth on the list.

Other members of Congress who were among the top 10 wealthiest politicians are Rep. Amo Houghton, R-N.Y., with $475 million; Sen. Jon Corzine, D-N.J., with $300 million; Sen. Herb Kohl, D-Wis., with $250 million; and Sen. Jay Rockefeller, D-W.Va., with $200 million.

Five of the top 10 are Democrats, four are Republicans and one is an Independent.



Date published: 10/29/2002



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