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Franken, Bachmann Rank as Wealthiest Congressional Reps

Photo: Pumba1, Photos.com

Aug 20, 2012 at 8:25 am

WASHINGTON (KNSI) - U.S. Sen. Al Franken and U.S. Rep. Michele Bachmann are the wealthiest members of Minnesota's 10-person congressional delegation, according to financial disclosure forms filed recently.

Franken, a Democrat, is worth between $4 million and $12.5 million, while Bachmann, a Republican, owns assets worth between $1.3 million and $2.8 million.

The bulk of Bachmann's assets are from her husband's Christian counseling clinic and a stake in his family farm in Wisconsin. She reported zero income from memoirs published last year. Her other assets include a variety of mutual funds, including one that focuses on gold and the gold industry that is worth between $15,000 and $50,000.

The figures are part of annual financial disclosures that all members of Congress are required to file.