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Millionaires could dominate Texas’ crop of new Congress members

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Millionaires could dominate Texas’ crop of new Congress members

A Texas Tribune analysis found Texas' incoming U.S. House delegation stands to get wealthier

Published July 24, 2026 6:00AM (EDT)

This article originally appeared on The Texas Tribune.

WASHINGTON — Texas’ U.S. House delegation will experience high turnover come 2027, as a spate of retirements, redistricting-related changes and competitive races have the potential to remake the state’s footprint in Washington.

The delegation also stands to get wealthier. The majority of prospective new members are likely millionaires, according to a Texas Tribune analysis of candidates’ personal financial disclosures.

Exact net worths are impossible to pin down, given that candidates are required to list their assets in broad ranges, not exact dollar amounts. This means a candidate might report owning stock worth $15,001 to $50,000, for example, rather than a specific figure. They are required to disclose revenue-generating assets and investments, including bank accounts of over $5,000, stock portfolios, money market accounts, retirement funds and rental properties. Additionally, candidates are exempted from including some assets, such as personal residences or vehicles.

But using these ranges, it is possible to estimate the net worths of the likely incoming members who will be voting on the nation’s laws and........

© Salon