Four Measures of Legislators' Wealth

Annual disclosures from members of the 2024 General Assembly highlight differences, and similarities, between political parties across four measures of personal wealth.

General Assembly Members' Wealth

Owns Securities 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. Only a dollar range is reported (e.g. "$5,000 to $50,000"), so exact estimates are not available. VPAP added up the lower number of that range for each legislator's holdings to arrive at a minimum value across all securities. Actual values are likely much higher than this.

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

Has an Ownership Stake in a Business: Lawmakers are required to report any personal stake of more than $5,000 in any business, partnership or corporation on Schedule D. This category excludes rental property found on Schedule D, which is listed separately in this visual.

Has Debt: Lawmakers are required to list all liabilities, besides mortgages on their primary residence, greater than $5,000 on Schedule B. VPAP counted the number of lawmakers who reported at least one debt.

Source: Statements of Economic Interest filed with the Virginia Conflict of Interest and Ethics Advisory Council. Includes reports filed by all 140 members of the 2024 Virginia General Assembly.