9. Lou Correa

$2.8 million minimum net worth

The Santa Ana Democrat is one of two millionaires among California’s freshman class, with a net worth of at least $2.8 million. Most of Correa’s wealth came from trusts, including several that had real estate holdings.

Correa, who grew up poor in a rough section of Anaheim, disclosed two mortgages totalling at least $750,000. A former real estate broker, Correa also served in the state Legislature and on the Orange County Board of Supervisors.

READ MORE: California’s members of Congress are worth at least $439 million >>

Totals

$3.5 million minimum assets
$750,000 minimum liabilities

Asset list

Rank Asset Type Owner Minimum value
1 Savings Plus Large Cap Index Fund-Calif State Employees Savings Plus House Funds Investments Member $500,001
2 The Correa Reynoso Family Trust, Real Property Trusts Member $500,001
3 Vanguard Target Retiret Trust Plus 2 Trusts Member $250,001
4 Emilia Holding Co LLC Real Estate Member $250,001
5 Emilia Holding Company LLC Real Estate Member $250,001
6 Hotchkis and Wiley Mid-Cap Value Investments Member $250,001
7 The Correa-Reynoso Family Trust-Real Property Trusts Member $250,001
8 The Correa Reynoso Family Trust, Real Property Trusts Member $250,001
9 Pacific Premier Bank Account Member $250,001
10 Emilia Holding Co LLC Real Estate Member $250,001
11 Vanguard Int'l Growth Adm Investments Member $100,001
12 Vanguard Instl Stk Mkt Idx 1 Investments Member $100,001
13 Interest Income Fund-Scpmg Retirement Plan Trust Investments Member $100,001
14 Chase Bank Accounts Bank Account Member $50,001
15 Citibank Bank Accounts Bank Account Member $50,001
16 Wells Fargo Bank Accounts Bank Account Member $50,001
17 County of Orange 401(a) Plan-Nationwide Fixed Acct County of Orange State Value Fund Investments Member $15,001
18 Robeco Boston Partners Small/Mid-Cap Value Fund Investments Member $15,001
19 John Hancock Strategic Growth A Investments Member $1,001
20 Large Cap Index Fund-Calif State Employees Savings Plus House Funds Investments Member $1,001
21 Mid Cap Fund- Calif State Employees Savings Plus House Funds Investments Member $1,001
22 Mid Cap Index Fund-Calif State Employees Savings Plus House Funds Investments Member $1,001
23 Northern Trust Tips Index Fund; Non-lending Tier Investments Member $1,001
24 Bond Index Fund-Savings Plus Cal State Employees In-house Funds Investments Member $1,001
25 John Hancock New Opportunities A Investments Member $1,001
26 Short Term Investment Fund Cash-Calif State Employees Savings Plus House Funds Bank Account Member $1,001
27 Short Term Investment Fund-Calif State Employees Savings Plus House Funds Investments Member $1,001
28 Small Cap Fund-Calif State Employees Savings Plus House Funds Investments Member $1,001
29 Small Cap Index Fund, Calif State Employees Savings Plus House Funds Investments Member $1,001
30 John Hancock Fund Large Cap Core FD A Investments Member $1,001
31 John Hancock Disciplined Value Intl A Investments Member $1,001
32 International Index Fund-Calif State Employees Savings Plus House Funds Investments Member $1,001
33 Wellington Diversified Inflation Hedges Investments Member $1,001
34 Large Cap Fund-Calif State Employees Savings Plus House Funds Investments Member $1,001
35 457(b) Obra-PST Plan, 457(b) Obra-PST Savings Plus Calif State Employees Investments Member $1,001
36 International Fund -Savings Plus Calif State Employees Savings Plus House Funds Investments Member $1,001
37 UC Savings Fund Investments Member $1,001
38 County of Orange 457 Defined Contribution Plan Investments Member $1,001
39 457(b) Obra-PST Plan-Nation Investments Member $1,001
40 Dreyfus 696 General Mmkt Class B Bank Account Member $1
41 Cbre Clarion Securities Investments Member $1

Liability list

Rank Creditor Type Owner Minimum value
1 Wells Fargo Bank Mortgage Joint $500,001
2 Wells Fargo Bank Mortgage Joint $250,001
#10. Calvert (R) $2.4 million

Credits: Christina Bellantoni, Christine Mai-Duc, Javier Panzar, Julie Westfall and Sarah Wire.

About this data: These are the assets disclosed for calendar years 2014-2016 compiled by Roll Call. They are ranked from largest to smallest. Financial disclosure rules allow lawmakers to report broad ranges of minimums for both assets and liabilities, starting at $1 to $1,000 and topping out at $50 million or higher, so it is impossible to offer precise figures. The minimum values shown are how Roll Call calculated the net worth for each member.

Roll Call assigns assets and liabilities into several categories. The disclosure forms indicate if the asset or liability is owned solely by the member, by the member’s spouse, by the member’s dependent(s) or jointly owned by the member and spouse. The names of the assets and liabilities appear as they were entered on the forms filed with the clerk of the House and the Senate Select Committee on Ethics.