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U.S. senators from Tennessee, Georgia and Alabama report millions in assets
WASHINGTON — Four of the U.S. senators from Tennessee, Georgia and Alabama reported more than $1 million in personal assets, according to their newly released financial disclosures. One got a delay.
On top of his $174,000 salary, Alexander made at least $200,000 in stock dividends from Knoxville-based Custom Foods and more than $100,000 in capital gains on his Texas properties.
SenBob Corker was granted an extension until AugustLast year, the Capitol Hill newspaper Roll Call ranked the former Chattanooga mayor the 19th-richest member of Congress, with at least $19.6 million in assets.
In Georgia, SenJohnny Isakson reported at least $5 million in assetsHe derives much of his money from real estate, including a 12-acre spread in Rabun County, Ga., valued at more than $1 millionLast year the senator set up a blind trust for his other assets, which include stock in MasterCard and MicrosoftIsakson listed a 20-year-old line of credit as his only liability.
Meanwhile, SenSaxby Chambliss reported $107,000 to $380,000 in assets, including holdings with Georgia-based Coca-Cola and AerovectRx Corp., which manufactures aerosol therapeuticsHis lone liability, a mortgage held through Bank of America, is between $100,000 and $250,000.
In Alabama, SenRichard Shelby reported no liabilities and assets between $4.9 million and $7.8 million, disclosing million-dollar homes in Tuscaloosa and WashingtonOne of Shelby's largest transactions last year was a cash gift valued between $500,000 and $1 million to his family trustHe made at least $50,000 in rental income for a Tuscaloosa office building he owns.
Shelby's colleague, SenJeff Sessions, reported between $3.4 million and $10.6 million in assets and a pair of mortgages that amount to between $500,000 and $1 million in liabilitiesMost of Sessions' assets are investments and land holdings in Alabama, including hunting property in Choctaw County valued at more than $1 million.
Lawmakers must report assets held by themselves, spouses or dependent children.
Contact staff writer Chris Carroll at ccarroll@times freepress.com or 423-280-2025.
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