Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. Michelle Steel (R-CA)
House · Republican (most recent term) · CA-45 · in Congress 2021–2025 · Bioguide ID S001135
Party history: R 2021–2025. Source: term data in unitedstates/congress-legislators (CC0); party shown is as recorded per term there.
Estimated net worth (from public disclosures)
| Estimate | Report year | Low | Mid | High |
|---|---|---|---|---|
| (a) Estimated net worth before entering office (report year 2021, the member's first year in office) | 2021 | $1,066,076 | $2,903,038 | $4,739,999 |
| (b) Latest net worth estimate | 2023 | $3,811,071 | $9,663,035 | $15,514,999 |
| (c) Estimated gain / loss, nominal dollars, 2021 → 2023 (2 years spanned) | 2021–2023 | −$928,928 | +$6,759,998 | +$14,448,923 |
Gain Low = latest Low − earliest High; Gain High = latest High − earliest Low (widest possible spread); Mid = latest Mid − earliest Mid.
Reliability flags (net worth): 2023: 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket; short span (2 yr). Not in the recommended dollar-gain ranking (shown only in the full list).
Net worth by report year (mid; Low–High)
| Report year | Assets (mid) | Liabilities (mid) | Net worth mid | Low … High | Status / flags |
|---|---|---|---|---|---|
| 2021 | $3,653,038 | $750,000 | $2,903,038 | $1,066,076 … $4,739,999 | computed |
| 2022 | $6,446,036 | $750,000 | $5,696,035 | $1,951,071 … $9,440,999 | computed |
| 2023 | $10,038,036 | $375,000 | $9,663,035 | $3,811,071 … $15,514,999 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
- What this is: Net worth = Schedule A assets (each value range at its midpoint; low–high range shown) minus Schedule D liabilities (midpoints / ranges). Low = assets at range floors minus liabilities at range ceilings; Mid = midpoints; High = assets at ceilings minus liabilities at floors. Low and High are outer bounds of the reported ranges, not likely outcomes.
- What it excludes / understates: exact values (only ranges are reported); a personal residence is not reported as an asset (although a mortgage on it may be listed as a liability, which then lowers the estimate); retirement and federal accounts (e.g. Thrift Savings Plan, defined-benefit pensions) are only partly or not reported; assets of excepted/blind trusts, cash held below reporting thresholds, vehicles, household goods and most spouse/dependent items exempt from reporting are not included; liabilities on a personal residence, revolving credit under thresholds and loans to family may be omitted by filers.
- Open-ended top ranges (e.g. “Over $50,000,000”) are counted at their lower bound and flagged, so such values are understated.
- The change is a change in estimated net worth in nominal dollars (no inflation adjustment). It includes salary, gifts, inheritances, business income and re-valuation as well as investment results, and it is subject to range-bracket noise; it is not an investment return and implies nothing about conduct.
Read this first. Members report asset values only as ranges (e.g. “$15,001 – $50,000”), never exact dollars. Every figure below is an estimate computed from range midpoints, not a measured return. Figures cannot be interpreted as investment performance, and they do not show wrongdoing or skill. Methodology and limitations are at the end and in the project README. Sources: public financial disclosure reports filed with the Clerk of the U.S. House of Representatives and/or the Secretary of the Senate (Senate eFD), linked below.
Limited data – not ranked. Only 2 comparable year-pair(s) could be computed (minimum 3 to rank). 3 annual filing(s) were usable (text-readable, validated OCR, or validated X-mark decoding) and 0 scanned/image-only filing(s) could not be used (older layouts failing validation, small amendments not integrated). See the method-per-year section below.
Estimated year-over-year change
Bars: midpoint estimate; whisker: same-position floor/ceiling band. Axis clipped to −100%…+150%. Years with insufficient traceable holdings are omitted.
| Year (t−1 → t) | Opening value (mid) | Closing value (mid) | Income (mid) | Buys (mid) | Sales (mid) | Est. gain | Same-position band | Strict envelope | Traced coverage | Status / flags |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021→2022 | $3,220,036 | $3,270,534 | $113,672 | $0 | $0 | +5.1% | +4.9% … +5.5% | -84% … +94% | 88% | counted |
| 2022→2023 | $4,932,516 | $8,016,517 | $3,046,318 | $323,002 | $0 | +117.7% | +87.3% … +126.2% | -81% … +317% | 77% | counted; single position drives the result (range jump); income-dominated (reported income > 50% of opening value) |
Filings used
Each annual-report year uses one filing (most recently filed version among originals/amendments whose Schedule A row count is ≥ 40% of the largest). Electronic (text) PDFs are parsed. Scanned/image-only filings are OCR-read and used only if they pass the explicit validation gates described in the project README (value/income coverage, two-engine agreement, exact bracket snapping, page completeness, year-to-year position continuity); such years are labelled OCR-derived below. Scanned filings that fail validation are listed as “insufficient data – scanned”.
| Report year | Doc ID | Type | Filed | Schedule A rows | Rows with unparsed value | Source (official filing) / SHA-256 |
|---|---|---|---|---|---|---|
| 2021 | 10046683 | House annual | 5/16/2022 | 78 | 0 | 10046683.pdf4660502d3bef113a45aefeed79c6383be6a530ad8c1162a69eeb15cf0c2f2e11 |
| 2022 | 10051954 | House annual | 8/10/2023 | 75 | 0 | 10051954.pdf8199a96b7f2bbd990fe7f3ee26bf4a953df6c2b8c98d17ee386b10d9cc8260dc |
| 2023 | 10060211 | House annual | 8/8/2024 | 81 | 1 | 10060211.pdfc493392f1c43af395142587aceea0084ae7f6a3d8baf8c36f845d415e33b7a88 |
Largest movers 2021→2022
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Bank of Hope savings #3844 [BA] | JT | held | $250,001 - $500,000 | $500,001 - $1,000,000 | $0 | $0 |
| Wisconsin State 97705MJE6 [GS] | JT | held | $50,001 - $100,000 | None | $0 | $0 |
| Klein TX ISD 498531JQ6 [GS] | JT | held | $50,001 - $100,000 | None | $0 | $0 |
| OR ST Trans Hwy Tax 68607DSS5 [GS] | JT | held | $50,001 - $100,000 | None | $0 | $0 |
| Salt River PRJ AZ 79574CBM4 [GS] | JT | held | $50,001 - $100,000 | None | $0 | $0 |
| Schwab Government Money Market Fund SWGXX [BA] | SP | held | $15,001 - $50,000 | $1,001 - $15,000 | $0 | $0 |
| Janus Henderson Global E HFQIX [MF] | JT | held | $15,001 - $50,000 | $15,001 - $50,000 | $0 | $0 |
| Invesco International SM OSMYX [MF] | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
Largest movers 2022→2023
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Bank of Hope MMA #0467 [BA] | JT | held | $15,001 - $50,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| CA Infra & E Dev BK 13034ATG5 [GS] | JT | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| NM FA ST Trans 64711RLX2 [GS] | JT | held | $50,001 - $100,000 | None | $0 | $0 |
| Iowa Fin Auth Rev 46246K3X8 [GS] | JT | held | $50,001 - $100,000 | None | $0 | $0 |
| PIMCO RAE Emerging Markets Fund Class INSTL (PEIFX) [MF] | JT | new | — | $1,001 - $15,000 | $75,000 | $0 |
| Janus Henderson Global E HFQIX [MF] | JT | held | $15,001 - $50,000 | None | $0 | $0 |
| Invesco Developing Market ODVYX [MF] | JT | held | $15,001 - $50,000 | None | $0 | $0 |
| SPDR Fund Materials XLB [EF] | JT | held | $15,001 - $50,000 | $1,001 - $15,000 | $0 | $0 |
Method (summary)
- Schedule A asset rows are read from each annual report; the dollar range for each row is converted to its midpoint. Open-ended top ranges (“Over $50,000,000”) are excluded from the traced set and counted as a coverage loss.
- Positions are matched year to year by owner code (self/SP/DC/JT) + normalised asset name. A position that appears only in year t is included only if Schedule B shows a purchase of it in year t (opening value 0); a position that disappears is included only if Schedule B shows a sale (closing value 0). Otherwise it is excluded as unexplained.
- Estimated gain = (closing − opening + reported income − purchases + sale proceeds) ÷ opening, all at midpoints, for the traced positions. “Capital gains” income is not added again (it is already in value change and sale proceeds).
- A year counts only if traced opening value ≥ $50,000 and traced coverage ≥ 60% of the opening midpoint. A member is ranked only with ≥ 3 such years (exactly 2 = “limited data”, shown but unranked). Average = geometric mean of (1+yearly estimate).
Limitations
- Ranges are wide (up to a factor of 5 or more, and up to $50M+ open-ended); a holding can move between ranges without any real change in value, and stay in a range while moving materially. Yearly estimates are therefore noisy; the “strict envelope” shows the mathematical worst/best case and is typically wider than ±100%.
- Purchases and sales are only disclosed as ranges and only for transactions over $1,000; partial sales, dividend reinvestment, spousal/dependent accounts and retirement-plan funds are reported inconsistently. Excepted/blind trusts, personal residences and certain pensions are not reported at all.
- Filers sometimes change how they list assets (e.g. listing a brokerage account vs. its individual holdings), which can make positions untraceable across years; these are excluded rather than guessed.
- Asset values in an annual report are as of Dec 31 of the reporting year; the report year t−1→t covers that calendar year. Late or amended filings are used when filed; extensions can delay them.
- The text of these reports is machine-parsed from PDFs; parse errors are possible. Every number links back to the cited filing. This is not investment advice.
- Use of these filings is restricted by 5 U.S.C. § 105(c) (no unlawful, commercial or credit-rating purpose, and none for solicitation of money).
Generated 2026-10-01 by an automated pipeline. Data: Office of the Clerk, U.S. House of Representatives (disclosures-clerk.house.gov); member roster: unitedstates/congress-legislators (CC0).