Colorado’s Bennet among richest in Congress |

Colorado’s Bennet among richest in Congress

Michael Riley
The Denver Post
AP Photo/David ZalubowskiSen. Michael Bennet left, drives a Mercedes-Benz A-Class propelled by a hydrogen fuel cell as Keith Wipke, a senior engineer in hydrogen technologies looks on, during the lawmaker's visit to the National Renewable Energy Laboratory in Golden

WASHINGTON ” Sen. Michael Bennet is worth between $6 million and $27 million, making him the second- or third-richest Colorado lawmaker and the 15th wealthiest person in the Senate, according to a financial disclosure statement.

The statement is the first detailed look at his finances since Bennet, a Denver Democrat, was appointed to the Senate in January, and put his net worth in line with Rep. Betsy Markey, a Democrat from Fort Collins, and well-behind dot-com millionaire Jared Polis, a Boulder Democrat.

Bennet made most of his money as a former executive for Anschutz Investment Co., where he oversaw the restructuring of three ailing cinema chains into Regal Entertainment Group, one of the world’s largest movie-theater companies.

He still holds between $500,000 and $1 million in Regal stock but has shifted most of his assets into Treasury cash reserves, which he valued at between $5 million and $25 million.

Though the Senate has no shortage of millionaires ” Sen. John Kerry, D-Mass., is worth as much as $388 million, for example ” Bennet’s average holdings still place him in that group’s top tier.

Participate in The Longevity Project

The Longevity Project is an annual campaign to help educate readers about what it takes to live a long, fulfilling life in our valley. This year Kevin shares his story of hope and celebration of life with his presentation Cracked, Not Broken as we explore the critical and relevant topic of mental health.

A spokeswoman for Bennet said his net worth is closer to the bottom than to the top of the range he reported.

Freshman Polis, who’s worth between $97 million and $254 million, enjoys an even higher ranking among House members, at No. 3, according to a comparison by .

Lawmakers are required to file new financial disclosures based on 2008 data later this week, but Bennet filed his early, a month after he was appointed to fill the seat of Ken Salazar, now a member of President Barack Obama’s Cabinet.

Based on last year’s data, Colorado’s lawmakers run the gamut when it comes to their personal finances. Rep. Doug Lamborn, a Colorado Springs Republican, is worth between $16,000 and $65,000.

The nine-person delegation has as many as six millionaires, if their incomes fall near the upper end of the reporting range of the disclosures: Bennet; Polis; Markey; Sen. Mark Udall, a Democrat from Eldorado Springs; Rep. Ed Perlmutter, a Golden Democrat; and Rep. John Salazar, a Manassa Democrat.

Markey, a former businesswoman who co-founded the software company Syscom Services Inc., is worth between $5.2 million and $26 million, according to last year’s filing.

Support Local Journalism