Jeff Sessions

Alabama Republican

Sen. Jeff Sessions

What the Post found

Estimated wealth

$6.8 million in 2010

234% since 2004

Financial approach

Real Estate Investor

Invests in: Mixed, Finance / Insurance / Real Estate, Energy / Natural Resources

CORRECTION: An error in the underlying data for Sessions caused his assets to be misstated. The figure was corrected on Oct. 11.

Sessions’s financial disclosure forms

Each year, lawmakers are required to file financial disclosure forms that list assets, liabilities, stock transactions, outside employment, spousal employment and travel reimbursements.

Legislation could benefit themselves

In Alabama, timber production is one of the state’s largest industries, and timberland is one of Sen. Jeff Sessions’s larger assets. In 1999, Sen. Jeff Sessions (R-Ala.) sponsored the Timber Tax Simplification Act, a proposed law to revamp how the federal government taxes timber sales. The tax bill finally passed in 2004 as a Senate floor amendment to the American Jobs Creation Act. Sessions at the time owned 40 acres of timberland in western Alabama worth between $50,000 and $100,000. In 2009, he inherited from his mother and aunt 1,100 acres of timberland valued at the time between $1 million and $5 million. Last year, he reported earning between $115,000 and $1,050,000 from the sale of timber.

Response by Sessions

Sessions, through his communications director, Stephen Miller, declined a request for an interview. But Miller said in a statement that timber is critical to Session’s constituents and the senator’s support to reform the tax code is in line with his broader goals to promote domestic industry and jobs nationwide. His efforts have had bipartisan support and were necessary for timber states, including Alabama, because of changes in forestry management, Miller said. He said the family timber holdings had no bearing on the senator’s actions.

Sessions’s financial portrait

The Post examined the personal finances disclosed by all members of Congress and computerized by Center for Responsive Politics to show how they manage their assets and invest their money.

Sessions

Senate median

Estimated wealth

$6.8 million in 2010

Change in estimated wealth

234% since 2004

More wealth and more aggressive

Lawmakers who use riskier investment strategies and/or borrowing to increase wealth.

Wealthier

More aggressive

Financial approach

Real Estate Investor

127 lawmakers hold significant assets in real estate, including office buildings, apartment buildings, undeveloped land and development partnerships. Lawmakers are not required to report the values of their personal residences.

What industries does Sessions invest in?

Many assets can be tied to specific industries, such as finance, agriculture or
natural resources. "Mixed" investments are assets not tied to a specific industry.

Sessions's estimated
2010 liabilities

None

What asset types does Sessions hold?

Assets are lumped into groups such as real estate, stocks,
mutual funds or cash.

NOTE: "Mixed" investments are assets that are not tied to a specific industry. Charted change in annual estimated wealth is capped at 200 percent increase and 100 percent decrease for clarity. See the full methodology here.
SOURCES: Congressional financial disclosure forms, Center for Responsive Politics, Washington Post analysis.

About the data

The estimation of assets for lawmakers is based on calculating the midpoint of reported value ranges for holdings and liabilities that members of Congress list on financial disclosure forms. It does not reflect assets lawmakers are not required to disclose, such as personal residences and non-interest bearing bank accounts. The estimation is not intended to provide a complete portrait of the net worth of each legislator, but rather show their relative standing in Congress and how their holdings have changed over time.

If you're a member of Congress who would like to further clarify your financial portrait, please contact us at capitolassets@washpost.com.