Here's How Nancy Pelosi Got Filthy Rich

Since 1987, Nancy Pelosi has represented the San Francisco in Congress. She was selected by the Democratic caucus in 2003 to serve as minority leader. She was the first woman to hold the position, and she served for over four years. In 2011, Nancy was then selected as the first female speaker of the house. 

With so many years in government under her finely tailored belt, it’s no doubt that she’s had ample opportunity to use her salary in ways that benefit her overall finances. She has a net worth of over $120 million in which most of her immense wealth comes from her husband’s businesses and mutual investments. 

The reason why Nancy Pelosi’s net worth is a whopping $120,000,000 is because of her husband’s…well informed, husband’s…financial investments in property and stocks. Nancy’s husband is a bonafide real estate tycoon. Paul Pelosi married Nancy in 1963. His investment firm, Financial Leasing Services, has been on a winning spree ever since. 

A report published by Glenn Greenwald, a Pulitzer Prize-winning journalist, claims that the Pelosis traded more than $33 million of tech stocks in since from 2019 to 2021. There’s no telling how much money they’re pumping into big tech now. They also have high-end properties in Northern California and San Francisco. 

(Image 1 via Wikimedia and Image 2 via Wikipedia) 

Nancy Pelosi’s main personal income stream is her U.S. congressional salary. She’s served in government for over 35 years! Her current annual salary is $223,500, which is more than the average person’s house. No wonder congress doesn’t understand what it means to be a normal American these days. 

With income like that, they’ll never have to worry about the price of milk or how much it takes to fill their cars with gas. When you stack up Nancy’s salary against her net worth, it’s obvious that she’s getting her money from a few other sources…otherwise, the big number would be a lot smaller. 

Nancy isn’t a grass-roots kind of girl. She grew up in a family with wealth and power. Her father was the Mayor of Baltimore, who consistently maintained a salary higher than 80% of Americans. He also had a significant pension. Pelosi’s brother was also the Mayor of Baltimore from 1967 to 1971. 

There’s no way to speculate if her family set her up for success, but it is assumed that a family like this would make sure their children were nicely taken care of. At the end of the day, it’s obvious that her family had connections with people in high places, and it’s no secret that D.C. is all about who you know. 

Obviously, investments and financials change over time, but at one point the Pelosis had a mutual $46.5 million in real estate and big-tech companies. With investments in the likes of Apple, Facebook, and Disney, it’s no surprise that they were raking in the money when the NASDAQ went up over 30% in 2020. 

Their investment properties are worth at least $14.65 million. They have substantial investments in commercial real estate buildings in San Francisco. The median home price in the Bay Area is at least $1.6 million, there’s no telling what commercial real estate is worth at this point. Pelosi’s private residence alone is worth $15 million in Pacific Heights.

Sam Bankman-Fried allegedly gave the House Majority PAC $6 million in April 2022, according to Bloomberg. People speculated that the House Majority PAC, connected to U.S. House Speaker Nancy Pelosi, may have chosen to take part in a Democratic primary owing to a big investment despite generally only supporting Democrats running against Republicans.

The wealthiest bitcoin investor, Sam Bankman-Fried, sent money to the House Majority PAC in addition to his futile $11 million attempt to have Carrick Flynn elected in a Democratic primary. Nancy Pelosi's House Majority PAC got $6 million from a cryptocurrency millionaire just before backing the candidate in Oregon.

According to Pelosi's financial statement, her husband exercised call options with a $500 per share strike price in March of 2022 and paid for 2,500 shares of Tesla stock. The options were scheduled to expire the next day, according to the disclosure. Tesla shares traded for $1,000 apiece on March 23. He trades in Tesla frequently.

This came on the heels of the issue of prohibiting members of Congress and their partners from trading equities being debated on the house floor. Paul Pelosi, the husband of Democratic House Speaker Nancy Pelosi, invested more than $2.2 million in Tesla shares on March 17, 2022, according to the congressional financial disclosure.

According to publicly available financial reports, the husband of House Speaker Nancy Pelosi sold more than $4 million worth of shares in software and computer chip maker Nvidia (NVDA) in July of 2022. Paul Pelosi made a move in which he sold 25,000 shares at an average cost of $165.05 per. Paul Pelosi exercised call options on up to $5 million worth of Nvidia shares earlier that month, it was revealed. 

This was done in advance of congressional discussions over a plan that would support the U.S. semiconductor sector. The semiconductor law keeps getting past significant legislative obstacles in the Senate and the House. The law proposes to give corporations subsidies, tax breaks, and other incentives to produce semiconductors in the United States.

( Coolcaesar, CC BY-SA 4.0, via Wikimedia Commons; U.S. Department of State from United States, Public domain, via Wikimedia Commons)

If you are unclear about where to start, consider investing in an index fund that tracks the S&P 500 ($VOO, for instance). The S&P 500 is a grouping of 500 of the largest publicly traded US companies. The index has, on average, returned roughly 10% yearly over the last nine decades. 

The Pelosis portfolio has occasionally outpaced the S&P 500. The Standard and Poor's 500, or S&P 500, is an index that is used to gauge the performance of the stocks of around 500 notable companies that are listed on American stock exchanges. One of the equity indices that is most often tracked is this one.

By making a multimillion-dollar investment in Netflix (NFLX) in 2021, Paul and Nancy Pelosi changed the FAANG stocks landscape. Her husband sold parts of his Apple stock to purchase at 0.71% on Netflix. This was before the 2022 surge. Roblox (RBLX 6.24%) and CrowdStrike (CRWD 3.40%) are two further high-growth businesses in which he invested at that time. 

It seems natural considering their Silicon Valley heritage that they appear to specialize in technology equities. After observing how rapidly the Netflix business was expanding, he would subsequently buy back Apple shares for future trading. The stock would go on to slump later in 2022 after the pandemic began to open up more options for viewers.

In 2022 alone, Amazon spent a staggering $10 million on lobbying. Yes, the speaker received a gift from this company. Through Amazon stock options, Paul Pelosi also won an unexpected windfall of $5.3 million in 2021. Paul Pelosi purchased call options on Amazon stock about a month before the Pentagon revealed it would switch from Microsoft to Amazon cloud services for a defense project.

According to a February filing by the California Democrat and House Speaker Nancy Pelosi, Paul purchased 3,000 shares in Amazon in January of that year. For avid stock traders, similar oddities do occasionally happen in the realm of stock trading.

(Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons; Jérémy-Günther-Heinz Jähnick / Lauwin-Planque - Lauwin-Park (02) / Wikimedia Commons)

In 2022 alone, Amazon spent a staggering $10 million on lobbying. Yes, the speaker received a gift from this company. Through Amazon stock options, Paul Pelosi also won an unexpected windfall of $5.3 million in 2021. Paul Pelosi purchased call options on Amazon stock about a month before the Pentagon revealed it would switch from Microsoft to Amazon cloud services for a defense project.

According to a February filing by the California Democrat and House Speaker Nancy Pelosi, Paul purchased 3,000 shares in Amazon in January of that year. For avid stock traders, similar oddities do occasionally happen in the realm of stock trading.

(Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons; Jérémy-Günther-Heinz Jähnick / Lauwin-Planque - Lauwin-Park (02) / Wikimedia Commons)

The electronics manufacturer Apple had total lobbying costs of more than $4 million in 2022. The speaker of the house, Nancy Pelosi, has been given money by this business. This House Speaker reported stock market trades in June 2022, indicating purchases of options to purchase Apple Inc. shares (AAPL.O).

Pelosi has submitted six transaction reports in 2022, including many trades in Apple, the most valuable firm in the world. The top Democrat stated that her husband, financier Paul Pelosi, purchased Apple call options in May 2022 for amounts between $500,001 and $1 million in a monthly transaction report that was signed and posted on the website of the House of Representatives.

(Jorge Láscar from Australia, CC BY 2.0, via Wikimedia Commons; Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons)

Foundations are a deeply useful tool since people may write off "gifts" they provide to a charity as donations on their taxes. Thus, they qualify for tax deductions. They have non-profit 501(c)(3) status. As such, this organization occasionally grants money for education. These are also exempt from taxes. Foundations can also pay a fair share of donations to themselves.

The Paul and Nancy Pelosi Charitable Foundation is a private foundation with its headquarters in San Francisco, California. It was founded in 1992 and as of 2020, it had no employees and an annual income of $1,361,051. In 2020, it had more than 2 million dollars in assets.

In October of 2009, this team debuted as the California Redwoods. The squad frequently changed names, lost, and relocated. The spouse of this renowned house speaker, Nancy Pelosi, invested in the Sacramento Mountain Lions of the United Football League, with an absolutely staggering maximum market worth of $25 million USD. 

Since they control the entire team, she and her spouse can borrow money against the team when she takes out loans and trades debt. She has progressively invested more and more in the club over the course of more than a decade. The team had a variety of home venues, and when it failed, the owners were able to sell off their team-related properties.

(Image via Wikipedia; Pete Souza, Public domain, via Wikimedia Commons)

Paul Pelosi's multimillionaire investment in the land in Sacramento, California, was freely disclosed by Pelosi as an asset. Due to the fact that the investment was kept through an S corporation her husband had established, she had not declared it for around 10 years prior. Lawmakers do not have to list the distinct assets of an S corporation - which is a company in which individual investors pay taxes on earnings rather than the company, under House financial disclosure regulations. 

Pelosi made the voluntary decision to reveal the investment in 2010 since the value of the land had increased. At the time, it was classified as an undeveloped Sacramento residential property worth between $1 million and $5 million. She estimated the worth to be between $5 million and $25 million in 2011.

Due in large part to her husband's deeply keen investing sense, Ms. Pelosi's financial disclosure papers are quite lengthy. Among the larger properties, she also has is a real estate partnership, Nine Forty Five Battery LLC. This business buys, sells, and rents properties for profit. She has been disclosing this partnership for over a decade.

Nine Forty Five Battery LLC has an estimated maximum value of $25 million according to Open Secrets. These are among the significant assets under his name, and subsequently hers. These assets are used by them as tax deductions, to garner subsidies, and as collateral for more loans and investment possibilities.

Sculptures honoring Southern Civil War veterans were consecrated by her father, Thomas D'Alesandro Jr. He accomplished this after the 1870s and 1880s, a time when you would have assumed that Southerners were beginning to cool out. When he passed away, his estimated net worth was $4 million. Some of this was undoubtedly passed on to his daughter.

Her father served as mayor of Baltimore in the 1940s and 1950s. Due to Maryland's status as a border state during the Civil War, Baltimore saw severe racism in the 1940s and 1950s. At one point, when it went through Baltimore, supporters of the South threatened to attack the train carrying President Abraham Lincoln to Washington. 

(Amin, CC BY-SA 4.0, via Wikimedia Commons; Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons; United States Congress, Public domain, via Wikimedia Commons)

Visa, a financial and credit institution, spent more than $3 million on lobbying expenses overall in 2022. Nancy Pelosi, the speaker of the house, and her husband have sold millions of dollars worth of Visa (NYSE:V). According to a 2011 60 Minutes investigation, Pelosi purchased 5,000 shares of Visa on March 18 for $44 apiece.

Much has been made of the fact that the stock rose to around $60 in the days that followed, giving Pelosi a cool $80,000. Of course, she didn't sell her shares at that time. In actuality, Pelosi made more purchases. Much more. When someone gives a government employee a cash gift, that's illegal but stocks are completely legal.

A franchise of the Piatti Restaurant Company is worth a maximum of $5 million. It is owned by Nancy Pelosi. The Paycheck Protection Program (PPP), a provision of the Coronavirus Aid, Relief and Economic Security Act, was created in 2020 with the intention of supporting small companies and providing paycheck coverage. 

Nancy Pelosi was one among the recipients of these loans, as you would have anticipated. A $2 to $5 million loan was given to Piatti Restaurant Company, which owns and runs the upscale Italian restaurant in Mill Valley, with its 459 staff members. Over $100,000 is the typical monthly revenue for a single restaurant.

(Image via Facebook; Leader Nancy Pelosi, CC BY 2.0, via Wikimedia Commons)

San Francisco, California serves as the corporate headquarters of Salesforce, Inc., an American provider of cloud-based software. It offers software for managing client relationships. Over $1 million was spent on lobbying costs by Salesforce (ticker: CRM) in 2022 alone. Open Secrets claims that Ms. Pelosi has previously received funding from this group. 

Pelosi's husband, Paul Pelosi, reportedly bought up to $1.25 million on 130 call options for Salesforce.com with a $210 strike price, according to a public disclosure filing dated Dec. 29, 2021. Later, the share price would rise to $306 per unit. He has traded salesforce for many years. 

Facebook spent almost $10 million on lobbying expenses in 2022 alone. According to Open Secrets, Ms. Pelosi has been given money by this organization in the past. Mr. Pelosi purchased 5,000 Facebook shares, of which 3,000 had a $140 strike price and the remaining 4,000 had a $150 strike price. On the day he executed the calls in January of 2022, Facebook traded around 37% above the lower strike price. 

According to a document, Paul Pelosi already owned between $500,000 and $1 million in Facebook stock before the transaction. The California Democrat reported all of this in her February filing for 2020. Nancy Pelosi attacked Facebook for "schmoozing" with the Trump administration the same day Paul Pelosi made the purchases.

With more lobbyists hired each year since back in 1998, Comcast Corp (CMCSA) has spent over $7 million on lobbying costs in 2022 alone. Ms. Pelosi has reportedly received funding from this group in the past at dwindling rates, according to Open Secrets. She is often seen giving speeches for the company.

No other member of the House of Representatives holds more Comcast shares than Ms. Pelosi's husband. As a result, his wife, who is also the speaker of the house, is strongly committed to maintaining investment, attention, and freedom online. Up to $5 million worth of US currency is represented by their Comcast stock.

Each of the candidates supported by Pelosi receives hundreds of thousands of dollars from her supporters. In elections where the campaign sums are likely to be under $3 million, that is a significant increase. One of Pelosi's major advantages as a fundraiser is the ability she has to direct this type of "California gold". 

That is — the millions of dollars in Democratic donations generated in the state and then exported to aid in other areas of the country. Pelosi said, "Too much. I hate it." when asked how much time she spends fundraising. Not all of this gold is used on campaigns though. Often it is pocked or reinvested in herself.

According to documents the congresswoman submitted to the House clerk's office for the calendar year 2014, the Pelosi estate on Zinfandel Lane is worth between $5,000,001 and $25,000,000. According to a description of the property on the website of its architect, it was inspired by Palladian villas and features a guesthouse and a pool that is shaped like a "Z".

The estate is more than a showplace and family home. Additionally, the pair earns between $5,001 and $15,000 per harvest from the sale of their grapes cultivated at the massive vineyard. A representative for Pelosi declined to disclose to whom or for what reason the grapes were being sold.