Nancy Pelosi Net Worth: How Did the Speaker of the House Get so Wealthy?
Nancy Pelosi is known to be the only woman in U.S. history to serve as speaker of the House of Representatives.
Pelosi has served as a House speaker from 2007 to 2011 and again in 2019. Aside from being the only woman to hold such a position, she is also one of the richest members of Congress, according to USA Today.
Nancy Pelosi's net worth has caused much controversy. Last year, a social media post circulating about the wealth Pelosi had built while earning a congressional salary was wrong about her net worth.
Nancy Pelosi Net Worth
According to Celebrity Net Worth, Nancy Pelosi has a net worth of $120 million. She and her husband, Paul Pelosi, estimated their personal net worth to stand somewhere between $43 million and $202 million, depending on the value of real estate assets and stock investments, and other private assets.
Pelosi's salary is boosted to $223,500 being the speaker of the House. An average senator makes $174,000. Nancy Pelosi's net worth puts her in the sixth spot on the list of wealthiest members of Congress in 2020 based on the Center for Responsive Politics report, according to Go Banking Rates.
Pelosi's wealth seems to be coming from her husband's business and their investments. Her husband is known to be a venture capitalist and a real estate tycoon.
A July 2021 report by Pulitzer Prize-winning journalist Glenn Greenwald showed that the Pelosis traded more than $33 million of tech stocks in the past two years.
Paul's firm, Financial Leasing Services, has a track record of having investments in companies such as Apple, Facebook, and Walt Disney Co.
The couple, who got married in 1963, shared properties in Northern California's stunning wine country, a home in San Francisco, and a condominium in Washington, D.C.
In 2009, Paul spent about $12 million to buy the California Redwoods of the now-defunct United Football League. Pelosi's 2019 report noted that she generated between $100,001 and $1 million in income from grape sales.
The total assets of the Pelosis were reported to be between $57 million and $271 million, with their liabilities ranging from $20 million to $97 million. Their liabilities include multimillion mortgages on several properties and equity credit lines.
Nancy Pelosi Early Life
Nancy Pelosi was born in Baltimore, Maryland on March 26, 1940. She was the only girl in the family and the youngest of seven children.
The House Speaker's both parents' families originated in Italy. She was born into a politically active family, with her father being a Democratic Congressman from Maryland.
Her father, later on, became the Mayor of Baltimore. Meanwhile, her mother was also active in the Democratic Party, wherein she organized Democrat women.
Pelosi graduated from the Institute of Notre Dame, an all-girls Catholic high school in Baltimore, in 1958. She then received her Bachelor's degree in political science from Trinity College in 1962.
Pelosi started her political career by first interning for Senator Daniel Brewster of Maryland in the 1960s. She later moved to San Francisco in California, the area she has represented in Congress since she was elected to the House of Representatives in 1987.
In 2003, the Democratic caucus selected her to serve as a minority leader. She also became the first woman in U.S. history to hold the position.
Nancy Pelosi has a lifetime rating of 92 percent for her voting record on civil liberties given by The American Civil Liberties Union's Congressional Scorecard.
READ MORE : Nancy Pelosi, Kevin McCarthy Urged in a Letter to Pass Bill on Stock Ban Among Congress Members
This article is owned by Latin Post.
Written by: Mary Webber
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