Asset Reports Put Webb, Warner Tops Among D.C.-Area Lawmakers
Friday, June 15, 2007
If politicians were like sports figures who were given colorful and fitting nicknames, perhaps Sen. James Webb would be known as Hollywood James Webb, or maybe Hemingway James Webb.
Webb (D-Va.) has kept a very high profile since being elected to the Senate last year, but he hasn't abandoned his literary career and filmmaking aspirations, according to his financial disclosure report, filed yesterday with Congress, along with those of other Virginia, Maryland and District lawmakers.
The forms provide ranges for calculating the legislators' assets, rather than exact figures. They do not include the value of their homes.
Webb listed assets of between $2.3 million and $7.6 million. A former secretary of the Navy and a best-selling author, he is still collecting royalties from sales of his books in this country and in Europe. On Memorial Day, his publisher, Broadway Books, is planning to reissue his book "Born Fighting," and the following Memorial Day, according to the disclosure forms, it will release a new book by him about American politics.
Webb disclosed that he has a potential movie deal -- neither the title nor the subject was specified -- that could make him $150,000 on the option and $1 million for the screenwriting. He said he also has an agreement to serve as a producer for Warner Bros. Pictures that could earn him $250,000. And Webb disclosed that he has agreed to participate in a "television project" on Arlington National Cemetery. He said that this project is being reviewed by the Senate Ethics Committee.
He has two other job titles besides senator and author: Webb is listed as contributing editor of Parade magazine and a member of the board of directors of the Bossov Ballet Theatre in Pittsfield, Maine, which was founded by a retired Marine colonel.
Webb lists two liabilities: mortgages on a house in Burke and an office in Arlington County for a total of between $200,000 and $500,000.
The reports show that Webb has a diversified stock portfolio. Among the companies in which he holds an interest are General Electric, the Disney Co., Exxon-Mobil, Coca-Cola and Toyota.
The annual reports cover the 2006 calendar year.
Once again, Sen. John W. Warner (R) appears to be at the top of the affluence list among local members of Congress. He and his wife listed assets worth between $3.6 million and $7.7 million. Last year, they reported a net worth of $4.9 million to $7.2 million, according to the Center for Responsive Politics.
Warner has not said whether he will run for reelection.
A third senator from the region also is a millionaire, according to the disclosure reports: Benjamin L. Cardin (D-Md.). He reported assets of $1.7 million to $4 million, including a trust set up by his father, a lawyer.