U.S. Senator Jim Inhofe Is The Richest Member Of Oklahoma's Congressional Delegation

OKLAHOMA CITY (AP) _ Sen. Jim Inhofe is the richest member of Oklahoma's congressional delegation, with assets of at least $2.3 million, records show. According to financial disclosure forms covering

Sunday, May 20th 2007, 2:07 pm

By: News On 6

OKLAHOMA CITY (AP) _ Sen. Jim Inhofe is the richest member of Oklahoma's congressional delegation, with assets of at least $2.3 million, records show. According to financial disclosure forms covering 2006, Inhofe, R-Okla., had assets of between $2.3 million and $5.4 million. His income ranged from $127,535 and $1.3 million, entailing dividends, capital gains, rent and interest.

A big part of Inhofe's wealth, which includes stocks in Devon Energy, Microsoft and Google, is held by his wife, Kay, who owns an abstract company, commercial real estate and rental property, records show.

His liabilities _ mortgages held by banks in Enid and Tulsa _ run between $150,000 and 350,000, according to a story from The Oklahoman's Washington bureau.

The forms, which must be filled out by lawmakers each year, require assets, liabilities, financial transactions and outside income to be reported in broad amounts. Because of that, the reports don't provide a precise picture of a member's net worth, but do reflect where their wealth lies.

Sen. Tom Coburn and Rep. Tom Cole, both R-Okla., also have holdings that top $1 million.

Coburn's assets range from $1 million to $4.9 million and include stocks, savings and checking accounts, mutual funds and retirement accounts. He has no liabilities, records show.

His income includes $40,000 from a development company and $95,878 to $314,000 in interest, dividends and capital gains.

Cole's assets were estimated at between $1.8 million and $5.1 million, records show.

Major holdings include interest in Cole, Hargrave, Snodgrass and Associates, a Republican consulting company in Oklahoma City, and Strategic Communications Co. in Moore, retirement accounts and stocks. According to records, Cole's income was composed of $20,000 in management fees from the consulting firm and $121,107 to $307,300 in interest, dividends and capital gains.

Rep. John Sullivan, R-Okla., reported assets of $251,000 to $515,000 and major holdings in a bank account and stock.

Neither he nor Cole reported liabilities.

Sullivan's income included $5,000 to $15,000 in interest, records show.

Rep. Dan Boren, D-Okla., reported assets of between $800,000 and $1.9 million, according records.

His major holdings included a share of a Texas hunting ranch, real estate in Oklahoma and in timber and energy companies.

Boren reported liabilities of $210,000 to $515,000 for a mortgage on a ranch in McIntosh County and a campaign loan. The loan, valued between $100,001 and $250,000 was paid off by the end of 2006.

His income of between $63,014 and $136,000 came from a partnership income from an oil company, as well as rent, dividends and interest, records show.

Rep. Mary Fallin, R-Okla., reported assets between $18,000 to $96,000 and major holdings in mutual funds and a certificate of deposit.

She reported no liabilities.

Her income was listed as an $84,000 state salary for service as lieutenant governor and $600 to $3,400 in dividends and interest.

Records for Rep. Frank Lucas, R-Okla., weren't immediately available.