Reid richest among Nevada congressional delegation

Friday, May 28, 1999 | 5:18 a.m.

With a wealth of at least $2.24 million, Reid is much better off financially than the other three members of Nevada's congressional delegation.

Earlier this year, the 59-year-old senior senator from Nevada tied for 47th with three other lawmakers in an annual list of the 50 richest members of Congress compiled by the Capitol Hill newspaper Roll Call.

Members of Congress are required to submit financial disclosure statements every year in May. Lawmakers are allowed to list the value of their assets in wide brackets.

The disclosures do not include congressional salaries last year of $133,600. They also do not need to report the value of their homes, but Rep. Shelly Berkley listed hers.

Rep. Jim Gibbons disclosed assets that could be as low as $419,008 or as high as $1.14 million.

Sen. Richard Bryan could be worth as little as $261,029 or as much as $1.02 million.

The range for Berkley is $286,015 to $840,000.

Reid's wealth could be as high as $4.9 million, according to his disclosure statement, with much of it in real estate holdings.

Reid's most lucrative properties include 100 acres in Bullhead City, Ariz., and a downtown office building in Las Vegas. Both could be worth as much as $1 million.

Income that Reid received off his assets last year amounted to at least $146,207 and may have reached $357,721.

For liabilities, Reid listed two loans: one with a range of $15,001 to $50,000 and another between $50,001 and $100,000.

Gibbons listed assets that included three vacant lots in Washoe County, individual retirement accounts and stocks.

Income Gibbons received from those assets last year ranged from $3,611 to $11,500.

He also received a pension of $6,048 per year, as a former pilot for Delta Airlines. In addition, he drew a payment of $1,943.16 per year, from Travelers Pension of Delta.

Most of Bryan's financial worth is derived from individual retirement accounts and stocks. Income he received from his assets in 1998 reached at least $21,208 and may have been as much as $75, 824.

Bryan, 61, also drew on two pension funds established for Nevada public officials. He received $21,343.08 from the Public Employees Retirement System of Nevada and $2,810.88 from the Legislators Retirement System of Nevada.

As liabilities, Bryan listed two loans with a 10 percent interest rate from Las Vegas veterinarian James E. Nave. One of the loans ranged from $50,001 to $100,000 and the other from $100,001 to $250,000.

Berkley's biggest asset included an individual retirement account ranging in value from $100,001 to $250,000. Other assets included stocks and her home in Las Vegas. The value of Berkley's home ranges from $50,001 to $100,000. As a liability, she listed her home's mortgage, from $15,000 to $50,000.

A freshman House member this year, Berkley worked as a business consultant last year. She earned $42,000 from PCS World and $33,000 from the Consumer Electronics Show.