44. Tony Cardenas

-$175,000 minimum net worth

Cardenas (D-Los Angeles) had a net worth of negative $175,000. Most of his wealth came from investments, including a marketing business owned by his wife. Cardenas had at least $100,000 in mortgage debt and another minimum $100,000 in debt from a home equity loan. He also carried at least $75,000 in credit card debt.

Totals

$100,000 minimum assets
$275,000 minimum liabilities

Asset list

Rank Asset Type Owner Minimum value
1 Essence Marketing Investments Spouse $50,001
2 Wells Fargo Accounts Bank Account Joint $15,001
3 City of LA Deferred Compensation Plan, Van Ins Index Fund Plus Investments Member $15,001
4 City of LA Deferred Compensation Plan, Van Total Bond MKT Ind Investments Member $15,001
5 New York Life SEP, Mainstay VP Mod Allocation Investments Spouse $1,001
6 New York Life SEP, Mainstay VP Balanced Investments Spouse $1,001
7 New York Life SEP, Calvert VP SRI Bal Portfolio Investments Spouse $1,001
8 New York Life SEP, Janus Aspen Bal Portfolio Investments Spouse $1,001
9 New York Life SEP, Mainstay VP Mod Gr Allocation Investments Spouse $1,001

Liability list

Rank Creditor Type Owner Minimum value
1 Wells Fargo Mortgage Joint $100,001
2 Wells Fargo Home Equity Loan Joint $100,001
3 Chase VISA Revolving Charge Joint $15,001
4 Citi MasterCard Revolving Charge Member $15,001
5 Chase VISA Revolving Charge Member $15,001
6 Citi Mastercard Revolving Charge Joint $15,001
7 Chase VISA Revolving Charge Joint $15,001
#45. Lee (D) -$225,000

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.