WASHINGTON – Dr. Monica Wehby would have to take a huge pay cut if she becomes Oregon's next U.S. senator.
The pediatric neurosurgeon, who won Tuesday's Republican primary and will challenge Democratic Sen. Jeff Merkley in November, reported earning $948,677 from her primary employer, Portland-based Legacy Health, and $48,400 from the American Medical Association for serving on the Chicago-based organization's board of directors.
Wehby's compensation and other financial details, all covering 2012, come from personal disclosure forms that challengers are required to file with the Senate Ethics Committee. The documents were due in November but Wehby, who announced her candidacy a month earlier, was granted an extension until this year.
Watch Straight Talk: GOP Senate candidate Wehby
Filings by challengers and incumbent senators were released last week. Incumbents' records covered 2013.
Reports for House members are due out in mid-June.
The Senate filings show Wehby, Merkley and Oregon's senior senator, Democrat Ron Wyden, are millionaires — as are most members of Congress. Some lawmakers are worth many hundreds of millions of dollars.
The filings provide the first look at Wehby's finances. Wyden's and Merkley's situations varied slightly from 2012.
Assets and liabilities are listed in broad dollar ranges on the disclosure forms. Some assets, such as a primary residence, are exempt from disclosure.
Wehby's assets ranged from $2.8 million to $6.1 million. She listed no liabilities.
Her biggest asset was land in Portland worth $1 million to $5 million. Other assets included a home in Nashville, Tenn., worth between $100,000 and $250,000, mutual funds and bank accounts.
Merkley's assets ranged from $1.45 million to $3.2 million. He and his wife, Mary Sorteberg, own rental homes in Washington, D.C., Takoma Park, Md., and two in Portland. The Maryland home was their priciest possession, worth between $500,000 and $1 million. Retirement accounts and bank deposits made up the rest of their assets.
The two liabilities Merkley listed were a home equity line of credit of $15,000 to $50,000 and a mortgage with $250,000 to $500,000 left to pay.
Wyden was the richest of the three, largely due to his wife's assets. Nancy Bass Wyden acquired most of them before marrying Wyden in 2005. Mrs. Wyden is part owner of the Strand Book Store in New York City and also owns stocks, bonds, mutual funds and real estate. Four of her biggest assets were valued at more than $1 million each, which means the Wydens may be worth a lot more than their filings suggest.
Wyden listed assets ranging from $7 million to $11.2 million, including a $500,000 to $1 million trust fund he inherited and two new college savings plans the Wydens purchased for their children last year. The only liability Wyden listed was a mortgage of $250,000 to $500,000.
Because lawmakers can list their assets and liabilities in broad ranges, it is hard to calculate their financial situations with precision. In addition to their primary residences, members are not required to list the salaries their spouses earn.