General Assembly includes 15 with holdings topping $1 million

The Richmond area counts several of its statehouse representatives among the wealthiest in the General Assembly.

Del. John Cox, R-Hanover, a trucking company executive, Sen. Walter Stosch, R-Henrico, a CPA, and Sen. John Watkins, R-Powhatan, a nursery owner, report having stocks and investments valued at more than $1 million, according to the Virginia Public Access Project.

VPAP compiled the list from the 2012 Statement of Economic Interests, but the nonpartisan tracker of money in politics notes that the disclosures are not detailed enough to determine someone’s net worth.

Legislators must value each holding with the ranges of $10,001-$50,000, $50,001-$250,000 or $251,000 and higher.

VPAP used the lower end of the ranges to calculate the minimum value of each legislators’ stock holdings.  There are 15 lawmakers whose investments are valued at more than $1 million, per VPAP.

VPAP also crunched other data to find that practicing law is the most common occupation among the 140 General Assembly members, with 36 lawyers in the body, followed by business people and current and retired educators.