John Delaney, the Potomac financier running for the Democratic nomination in Maryland's 6th Congressional District, is worth between $51.8 million and $232 million, which would make him the 9th most wealthy member of Congress if elected, according to a financial disclosure statement released by his campaign Friday.
Delaney, who runs a Chevy Chase bank called CapitalSource, also drew more than $1 million in earned income last year, according to the form, which he is required to file with the Clerk of the House of Representatives next week.
Delaney's largest assets appear to be in stock he owns in CapitalSource itself, which amounts to between $10 million and $50 million. Other large assets owned by him and his wife include a Wells Fargo cash and money market account and stock in Bethesda-based Congressional Bancshares, each valued at between $5 million and $25 million.
Candidates for Congress are required to disclose their assets in broad ranges. Delaney lists one liability, an investment loan, valued between $1 million and $5 million.
Using the lower value of the ranges -- and taking his single liability into account -- Delaney would rank 9th in overall wealth among the 535 members of Congress, according to an analysis of lawmakers by the Capitol Hill publication Roll Call. He would fall between Sen. Richard Blumenthal, a Connecticut Democrat worth $52.9 million and California Democrat Sen. Dianne Feinstein, worth $45.2 million.
He would be the fourth-most wealthy member of the House of Representatives.
"John Delaney is from a working class family and was able to go to college because of a scholarship from his father's union. He is a self-made progressive businessman who has been blessed with success," campaign manager Justin Schall said in a statement when asked if Delaney's wealth would be a liability in the race.
"John has always felt a duty to give back to his community and now he wants to serve the public in Congress," Schall said. "Why would anyone hold that against him?"
The disclosure is a significant one for Delaney, a longtime businessman who is making his first run for political office in the competitive 6th District. His leading opponent for the Democratic nomination, Sen. Rob Garagiola, released his tax returns in January and challenged Delaney to do the same -- a challenge Delaney has declined to answer directly.
Delaney instead provided a summary of his tax returns to The Washington Post.
The Garagiola campaign has sought to undercut the blue-collar, everyman persona Delaney has presented to voters. In recent television advertisements Delaney has repeatedly noted his labor union roots and frequently blasts "big Wall Street banks."