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Sen. Coleman, challenger Franken disclose finances

WASHINGTON — Not surprisingly, Al Franken’s entertainment career has made him a bit more cash than the man he’s trying to unseat, Sen. Norm Coleman, according to the latest U.S. Senate financial disclosure forms.

Total assets for the Republican incumbent were roughly $620,000, the vast majority in stocks.

Franken’s estimated wealth is between roughly $4.39 million and $10.2 million, according to the documents.

In many instances, senators can report their financial wealth and holdings in broad financial categories.

Coleman earned $165,200 as a senator, while Franken took a salary of $17,500 from his company Alan Franken Inc. In years past, Franken has been paid more than $1 million from his company, meaning that his run for office has hurt him financially. Income filings for Franken also showed a $441 honorarium for an appearance on the “Late Show With David Letterman.”

Sen. Amy Klobuchar, who also earns $165,200, reported assets between $366,000 and $1.48 million. In 2008, members of congress will earn $169,300.

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