UPDATE: Polis responds. See his comment at the end.
Shocking, we know. Colorado’s Democratic U.S. Representative Jared Polis has again been named to Roll Call‘s “50 Richest Members of Congress” annual ranking. He comes in as the seventh richest member – the same position he held last year. The publication estimated his net worth to be around $68 million. Here is a breakdown of his assets, according to Roll Call:
Here’s what Roll Call said about his holdings:
The only one of the 10 wealthiest members under age 50, Polis saw a slight dip in his reported net worth last year, primarily due to a Merrill Lynch line of credit that moved up a reporting category, from at least $1 million in 2011 to at least $5 million last year.
His vast portfolio stocked with emerging growth and startup investments still performed extremely well. The Colorado Democrat sold part of his stake in the photo-sharing company LifePics for $1 million to $5 million. Other assets include a $2.85 million share of the world’s only aquaculture venture capital firm, Aquacopia; $6 million in the medical equipment and services companies Symbius Medical and Bridgehealth Medical; and $700,000 in the business incubator Techstars, which uses executives from Birchbox, Warby Parker and Twitter to mentor the next generation of startups.
Polis received at least $1.9 million in rental income from properties in his Colorado district and in Japan. His Colorado real estate holdings include farmland, commercial buildings and a few empty parcels. His stake in Asia Investment Partners gives him a piece of Japanese retirement homes and other health-related facilities.
Polis also has $25 million to $50 million in a blind trust that he set up after being elected to Congress.
He reported $6.5 million of liabilities, including the Merrill Lynch line of credit, a credit card and mortgages on his personal residence and vacation home. He continues to hold partnership positions in venture capital and investment firms.
The spoiled Congressman may be raking in the dollars across all types of investments, including oil and gas, but you need to remember he doesn’t think his constituents should be able to cash in from the same sources.
He told the Denver Business Journal’s Ed Sealover last month that he doesn’t want oil and gas jobs in his district.
What does he care? He’s fracking rich already.
UPDATE (continued): Polis responded to claims we were trying to make something of his wealth. In fact, we were merely highlighting his wealth and the hypocritical way in which he’s continued to build it.
