Business and Economy NewsTracker

In the Black

The Atlantic is taking notice of a fact that probably won’t come as a big shock to most Tennessee political watchers: Diane Black is one wealthy lady.

The 60-year-old Tennessee Dist. 6 Congresswoman and former state senator from Gallatin may in fact be “The Richest New Member of the House,” the magazine observes. The short article also notes, for those who might not have gathered it on their own, that Rep. Black is decidedly better off, financially, than most of the people in her district.

According to recently disclosed financial information, Black has a net worth between $16 million and $74 million and may be the richest new member of the House of Representatives. The Center for Responsive Politics estimates that her net worth in 2009 was $49 million.

As is the case with many new members of Congress, Black swept into office on last November’s tea party wave with a message of fiscal austerity. But there is a big gap between Black and the constituents she represents. The median income of her Tennessee district, according to the Almanac of American Politics, is about $46,000. is an independent nonprofit news organization supported by donors like you!

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