5 Measures of Lawmakers' Wealth

Annual disclosures by members of the 2023 General Assembly highlight differences between the two major political parties in five measures of personal wealth.

Owns Stock Portfolio Valued Over $400K: Lawmakers are required to list all stocks, mutual funds, bonds and other securities valued at more than $5,000 on Schedule C. Each security is assigned a value range. VPAP summed the lower value of each legislator's holdings to arrive at a minimum value. Because of the ranges, actual values are likely much more than what is shown here.

Owns Second Home: Lawmakers are required to list real property valued at more than $5,000 on Schedule E. There is no requirement to identify property as a "vacation" or "second" home, so VPAP made judgments based on the description provided and location of property. VPAP also included some rental properties on Schedule D located on the beach, lakes or ski resorts. Included in "second" home are residences and condos in Richmond used during the General Assembly session.

Owns Rental Property: Lawmakers are required to list all rental property on Schedule D. VPAP counted the number of lawmakers who reported generating income as a landlord.

Has an Ownership Stake in a Business: Lawmakers are required to report any personal stake of more than $5,000 in businesses, partnerships and corporations. This information comes from Schedule D of the Statement of Economic Interests. This category excludes rental property found on Schedule D, which is included elsewhere in this visual.

Has Debt: Lawmakers are required to list all liabilities (other than mortgage on their primary residence) greater than $5,000 on Schedule B. VPAP counted the number of lawmakers who listed at least one credit card debt.

Source: Personal financial disclosures that the 140 members of the 2023 Virginia General Assembly filed with the Virginia Ethics Council.