WASHINGTON - Of the two lawmakers battling it out in the Colorado Senate race, the incumbent is the wealthier man.
In his latest financial disclosure reports, Democratic Sen. Mark Udall and his wife, environmental attorney Maggie Fox, reported owning 51 assets last year whose combined value ranged from $876,000 to $3.1 million. They listed two liabilities totaling $500,000 to $1 million. They owe between $250,000-$500,000 apiece on two properties, one in Washington and the other in Boulder, Colo.
Most of the assets the incumbent reported were owned by Fox. Their assets were in the form of stock and bond mutual funds and investments in commercial buildings, apartment complexes and residential properties across the U.S.
Udall had filed for a 90-day extension in May, when lawmakers' reports were due.
Rep. Cory Gardner, R-Yuma, filed back in May. He listed 17 assets ranging in total value from $94,000 to $410,000 and four liabilities totaling $180,000 to $450,000. His biggest asset was a Colorado Public Employees Retirement Account worth $50,000 to $100,000, and his biggest liability was a mortgage he and his wife hold with $100,000 to $250,000 left to pay.
Gardner also listed a federal student loan dating back to 2001 and a second mortgage he and his wife took out in 2007 among his liabilities. Each had balances of $15,000 to $50,000.
The disclosure forms, which cover 2013, provide only a window into lawmakers' finances and make it impossible to figure out their precise net worth. Members don't have to disclose the exact values of their assets and liabilities and don't have to list their spouse's salaries or list their primary residences.
Gardner is a relative pauper in Congress, where a majority of members are millionaires. Udall is better off financially but still of modest means compared to a majority of lawmakers.
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