Sen Mark Warner + minimum net worth + $76.3 million
Sen Mark Warner + minimum net worth + $76.3 million, How do you know when you've really made it? When your blind trust reports 10 transactions valued at $5 million to $25 million in the span of a single month.According to Warner's annual report, the MRW Blind Trust -- which he does not directly control -- made a series of purchases and sales of Standard & Poor's depositary receipts in June 2010, earning the senator interest and capital gains of $100,000 to $1 million.
Warner, who made his fortune as a telecom mogul, co-founding telecommunications company Nextel, reported an increase of more than $6 million in his minimum net worth in 2010.
That growth stems in part from the Virginian's stake in the Columbia Capital Equity Partners investment company, based in Alexandria, Va. Warner reported his investment in that company was worth $5 million to $25 million, an increase from its 2009 value of $1 million to $5 million.
He also continued to decrease his debts in 2010, dropping $1 million in liabilities and leaving only a relatively minuscule loan of at least $15,000 from the Virginia Commerce Bank.