Political File
News, notes and anecdotes
on government and politics

Monday, June 20, 2005

Inouye’s net worth tops
congressional delegation

Substantial stock holdings helped make U.S. Sen. Daniel Inouye the only member of Hawaii's congressional delegation whose personal net worth topped $1 million in 2003.

The latest personal disclosure statements for members of Congress were released last week for the 2003 reporting period. Lawmakers have to fill out the forms each year stating outside sources of income, assets, liabilities and travel paid by private interests.

Disclosure statements do not include primary residences, furniture or other items and only report a range of wealth, not specific amounts.

The documents show Inouye and his wife, Margaret, own stock in Central Pacific Bank worth between $600,000 and $1.25 million. The couple also have a SunTrust Fund investment account worth between $500,000 and $1 million.

Overall, the Inouyes' reported assets totaled between $1.3 million and $2.6 million in 2003.

U.S. Sen. Daniel Akaka said he and his wife, Millie, own assets estimated at between $306,000 and $842,000, including a condominium in Alexandria, Va., and funds in a family estate account.

U.S. Rep. Ed Case, D-Hawaii, listed his and his wife's assets at between $217,000 and $530,000, including a profit-sharing plan at his former law firm, Carlsmith Ball LLP.

U.S. Rep. Neil Abercrombie, representing Hawaii's 1st Congressional District, listed a credit union account worth between $15,000 and $50,000 as his only asset.

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