United States Sen. Frank Lautenberg and U.S. Rep. Rodney Frelinghuysen are two of the richest legislators in the country, according to a report from the Capitol Hill newspaper Roll Call.
The newspaper based its ranking of the 50 richest legislators on their financial disclosure forms, however, which the article’s authors caution are “extraordinarily unreliable sources of information.”
Lautenberg, who co-founded Automated Data Processing (ADP) in 1949 and ran it until he went to the Senate in 1982, is the richest legislator from New Jersey and the seventh richest one in the country, with assets totaling $55.33 million.
Frelinghuysen, the scion of a family that has been involved with American politics since the 18th century, is the 12th richest legislator, with assets totaling $22.41 million. He comes in just ahead of Republican presidential candidate John McCain, who’s worth $19.64 million.