Here’s How Nancy Pelosi Got Filthy Rich In Congress
Democratic California Rep. Nancy Pelosi’s wealth grew by at least 2,292%, largely through stock trading, during her 37 years in Congress.
The former House speaker, who announced Thursday that she will retire from Congress in 2027, had a $2,675,036 minimum net worth in the year she began serving and a $63,996,050 minimum net worth in 2024, according to a Daily Caller News Foundation analysis of assets and liabilities listed in her congressional financial disclosures. An analysis by Quiver Quantitative estimates her current net worth more precisely at $278,760,000 million.
Pelosi’s maximum net worth in 2024 was an estimated $311,443,000, her filings show. Lawmakers did not report maximum dollar amounts in 1987, the year Pelosi served her first term.
The 85-year-old congresswoman’s portfolio nearly doubled the S&P 500’s growth in 2024, the DCNF previously reported. Her wealth prompted calls for reforming the rules on lawmakers trading stocks, as well as suspicion that she engaged in illegal insider trading based on advance knowledge about industry trends. Her office denied such claims, saying she does not personally own stocks or have prior knowledge or subsequent involvement in transactions. Her husband, Paul, manages her trades.
Pelosi’s office did not respond to the DCNF’s request for comment.
The lawmaker announced her support for GOP-backed legislation banning stock trading among members of Congress, presidents and vice presidents in July — the same day Trump said she should be investigated over possible insider trading, the Daily Caller previously reported.
“We must have strong transparency, robust accountability and tough enforcement for financial conduct in office because the American people deserve confidence that their elected leaders are serving the public interest — not their personal portfolios,” Pelosi said.
The Senate Homeland Security and Governmental Affairs Committee advanced the bill July 30.
Melissa O’Rourke contributed to this report.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org
It’s not just trading on “insider information” where our politicians make money. Any Congressperson or Cabinet member that has access to the committees that decide where the money goes can do the same. And they even make money off the bills they pass. Take Biden and the Democrats 3/4 trillion dollar “Inflation Reduction Act”. Biden eventually admitted that it had nothing to do with inflation and is actually the biggest “green” spending bill in American history. The bill was nothing but a slush fund for projects and companies run by Democrat donors. For just one example, look at the Biden and Kamala touted electric bus company, Proterra. The bill allocated 5.5 billion in grants for electric buses. Even with all that government (taxpayer) money the EV bus company Proterra went bankrupt in 2023, but not until Jennifer Granholm (Biden’s Energy Secretary) made 1.6 million off of their stock. It’s nothing more than our money grifted to Democrat owned “Green” businesses that take the money in “pump and dump” schemes. The companies, and the “in the know” stockholders and owners profit when government money pumps the stock price up and then the owners, and the insider info stockholders dump the stock before the government money or subsidies dry up. Remember Solyndra? Same deal, except that was a 500 million dollar taxpayer cost. It’s all a hoax to make the political class even richer with your taxpayer dollars.
Just as bad is all the government (our) money funding of NGOs. Like the 2 billion dollars Biden sent to GA Democrat Stacy Abrams to fund her “green” NGO that was previously worth $100. The grifters take millions in salaries as CEO’s of the corrupt NGOs and employ their family members and friends as high paid executives with unlimited expense accounts and a fraction of the money ends up for the stated “cause”. All stock trading for members of Congress needs to be banned for the term of their office and all government funding of NGOs needs to end. After all, why are they called “non Government Agencies”?