Lowey, Hayworth Named to Wealthiest Lawmakers List

  • Comments (10)
Rep. Nita Lowey (D - Harrison) ranked No. 22 on The Hill's Top 50 Wealthiest Lawmakers list. Photo Credit: Courtesy of Nita Lowey's office
Rep. Nan Hayworth placed No. 24 on the Top 50 Wealthiest List. Photo Credit: File

WESTCHESTER COUNTY, N.Y. – U.S. Reps. Nan Hayworth (R – Bedford) and Nita Lowey (D – Harrison) have been named to the “Top 50 Wealthiest Lawmakers” list published by the political paper, The Hill.

To compile the list lof wealthiest members of the U.S. House of Representatives and Senate, the paper examined the lawmakers' 2011 financial disclosure forms. Lawmakers are not required to provide exact dollar amounts for their liabilities and assets, using values in ranges instead. The Hill used the low figure in those value ranges while computing each representative’s net worth.

This year, for the first time, lawmakers were required to disclose mortgage figures for their private residences.

Lowey, who represents the 18th Congressional District, which comprises a large portion of Westchester County and parts of Rockland County, placed No. 22 on the list with an estimated net worth of $14.3 million, down by more than $1 million compared to last year, The Hill reported.

The Hill speculated that the sale of a hedge fund that was worth at least $1 million in 2010 but was valued at zero last year may be attributed to the drop-off in Lowey’s net worth.

The Top 50 list noted that most of the representative’s money is found in hedge funds and property holdings. Her husband, Stephen, has a stake in a profit-sharing plan with the Lowey, Danneberg, Cohen & Hart law firm worth an estimated $500,000 and that his ownership interest in the same firm is worth around $1 million.

The Hill also reported that the couple manages a rental property in the Washington D.C. area worth $250,000. Additionally, Stephen Lowey a holds a $1 million asset in Lowey Family Investment LLC, a limited-liability company located in Rye.

Lowey claimed no liabilities last year.

Hayworth finished No. 24 on the list with an estimated net value of $12.3 million. She represents the 19th Congressionla District, which includes Putnam County and parts of Westchester, Rockland, Orange and Dutchess counties.

The Hill reported that Hayworth’s wealth increased from $9.3 million in 2010 to $12.3 million in 2011, noting that most of her money was earned as an ophthalmologist who worked in both private practice and as an attending physician at Northern Westchester Hospital.

The article reported that Hayword’s investments last year included holdings in the savings and profit-sharing plan of the Mount Kisco Medical Group, where she was once employed. Her husband, Dr. Scott Hayworth, owns property in Westchester and Dutchess counties and holds bonds from several municipal authorities in the New York area.

Hayworth reported no debts in 2011.

The complete Top 50 list can be found here.

  • 10
    Comments

Comments (10)

sixoneeight:

Harris Rubinroit is very outspoken but not too creative. I've seen this same post at least 6 times--even attached to an article about a school board race outside of Croton!
If Mr. Davis actually knew what the budget process entails (which he should if he has attended so many board meetings) he would be aware that the proposed budget is submitted by the Village Manager to the Village Board. The trustees must then pare it down to an acceptable size for to retain services and keep taxpayers from over paying. Ann Gallelli and the current VB got the proposed budget down over 5% last year.

Citizen Jeanne:

The facts that Representative Nita Lowey and Representative Nan Hayworth are both wealthy Westchester women who are running for reelection to Congress are things they have in common. What they don't have in common are their Congressional records.

Representative Lowey is a long-time member of Congress who is an extremely popular and productive legistator who's been called "one of the most influential Members of Congress” and someone who "delivers for New York." Ms. Lowey has opposed the infamous Paul Ryan budget plan because it will cause extensive and long-lasting damage to the U.S. economic recovery and especially to women and families. Ms. Lowey is a keeper who always delivers for New York; we are safe in her hands and I will be proud to cast my vote for her in November.

In contrast, Representative Hayworth is a Freshman member of Congress who supports the Paul Ryan budget and despite her assurances to her District 18 constituents consistently votes with the Tea Party and against the people she represents. I am a resident of Representative Hayworth's former district in which I saw her time and again support legislation that hurt women and senior citizens but favored the wealthy, like herself. She supports the Paul Ryan budget that would take New York and the rest of the country back to the 18th Century, eliminating just about every government agency and hard-earned right for women, children, African-Americans, senior citizens, students and the American worker. What is interesting is that Representative Hayworth votes in her own interests as a wealthy individual in order to keep her taxes lower than yours and mine, but votes against her own interests as a woman. She obviously believes, as do the rest of her 1% comrades, that a restriction on her rights as a woman will be offset by her wealth. Nan Hayworth is wrong, and she can be stopped from committing further damage by replacing her with Democratic challenger Sean Patrick Maloney, who will protect Medicare and Medicaid for today's and future generations, protect women's Constitutional rights to privacy, choice and healthcare, as well as their hard-earned money, and work to create jobs for both women and men.

Citizen Jeanne:

The facts that Representative Nita Lowey and Representative Nan Hayworth are both wealthy Westchester women who are running for reelection to Congress are things they have in common. What they don't have in common are their Congressional records.

Representative Lowey is a long-time member of Congress who is an extremely popular and productive legistator who's been called "one of the most influential Members of Congress” and someone who "delivers for New York." Ms. Lowey has opposed the infamous Paul Ryan budget plan because it will cause extensive and long-lasting damage to the U.S. economic recovery and especially to women and families. Ms. Lowey is a keeper who always delivers for New York; we are safe in her hands and I will be proud to cast my vote for her in November.

In contrast, Representative Hayworth is a Freshman member of Congress who supports the Paul Ryan budget and despite her assurances to her District 18 constituents consistently votes with the Tea Party and against the people she represents. I am a resident of Representative Hayworth's former district in which I saw her time and again support legislation that hurt women and senior citizens but favored the wealthy, like herself. She supports the Paul Ryan budget that would take New York and the rest of the country back to the 18th Century, eliminating just about every government agency and hard-earned right for women, children, African-Americans, senior citizens, students and the American worker. What is interesting is that Representative Hayworth votes in her own interests as a wealthy individual in order to keep her taxes lower than yours and mine, but votes against her own interests as a woman. She obviously believes, as do the rest of her 1% comrades, that a restriction on her rights as a woman will be offset by her wealth. Nan Hayworth is wrong, and she can be stopped from committing further damage by replacing her with Democrat Sean Patrick Maloney, who will protect Medicare and Medicaid for today's and future generations, protect women's Constitutional rights to privacy, choice and healthcare, as well as their hard-earned money, and work to create jobs for both women and men.

Coca:

What does he have to do with the article mentioned above? sounds more like trying to infuse your political opinion where it should not be.

harris.rubinroit:

In the Sept. 13 Election for the Croton Board of Trustees, it's exciting to see support growing for Kevin Davis' Campaign for the Croton Board. After 6 years of attending Board Meetings, Kevin, a 3rd-Generation Crotonite, is very knowledgeable on the issues and is determined to make a positive contribution in Croton.

During this extremely hot and humid summer, Kevin has been going door-to-door meeting Croton residents and listening to what's on our minds. Kevin understands that rapidly growing taxes must be prevented.

The Croton Board needs Kevin's New Ideas and Energy, and an Independent Voice.

Go Kevin Davis Go!

Francis T McVetty:

What the heck does your post have to do with Nita Lowey. Where is the moderator on this ADVERTISING?

In Other News

News

Metro-North Railroad Names Three To Top Operating Posts