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| Jack Forbes / NY Post Design |
Former House Speaker Nancy Pelosi and her husband made at least $130 million in stock profits over the course of the California Democrat’s 37 years in Congress — a staggering return of 16,930%.
Pelosi, 85, announced this week she will retire when her term ends in January 2027.
The San Francisco pol became famous as the first woman to wield the speaker’s gavel, and infamous for her exceptional stock market returns.
Before first taking Congressional office in 1987, the then-47-year-old freshman and her hubby, venture capitalist Paul Pelosi, reported between $610,000 and $785,000 in stocks in their portfolio, according to a copy of her “hand delivered” 1987 financial disclosure form.
They held a dozen stocks, including CitiBank, and in many companies no longer publicly traded.
That portfolio has soared to $133.7 million today, according to the latest estimates from Quiver Quantitative.
That represents an eye-watering profit of 16,930% — compared to 2,300% for the Dow Jones over those years.
Even with the power of compound interest, the windfall represents a staggering 14.5% average annual return — beating out the S&P 500, NASDAQ and Dow Jones performances over those years, around 7% to 9%.
Last year, their investment portfolio pulled in an estimated 54% return, more than double the S&P 500’s 25% gain — and beating every large hedge fund, according to numbers in Bloomberg’s end-of-year tally.
Pelosi’s 2024 financial disclosure form shows holdings in some two dozen individual stocks, including millions in each of NVIDIA, Palo Alto Network, Salesforce, Netflix – and between $25 and $50 million of Apple stocks – their largest holding.
The Pelosis are worth an estimated $280 million today – compared to around $3 million when the Golden State lawmaker joined Congress.
They also have stakes in various other ventures, including a Napa Valley winery worth between $5 and 25 million, a Bay area Italian restaurant, commercial real estate and a political data and consulting firm. --->READ MORE HERE
Former House Speaker Nancy Pelosi, D-Calif., who officially announced her retirement from the House this past week, and her husband Paul have amassed a multimillion-dollar fortune in the years since she took office.
They turned their early stock holdings into more than $130 million over the past 37 years for a return of nearly 17,000%, according to a new report.
That growth, Republican critics say, underscores the need for tougher congressional ethics laws, The New York Post reported on Saturday.
"Nancy Pelosi's true legacy is becoming the most successful insider trader in American history," said RNC spokesperson Kiersten Pels.
"If anyone else had turned $785,000 into $133.7 million with better returns than Warren Buffett, they'd be retiring behind bars," she added.
When Pelosi, 85, first came to Congress in 1987, she and her husband reported between $610,000 and $785,000 in stock holdings, a financial disclosure at the time shows.
This included investments in a dozen companies like Citibank, along with many others that are no longer traded publicly.
But now, according to an analysis from Quiver Quantitative, as of Saturday, the stock portfolio was valued at $133.7 million, with a net worth estimated at nearly $280 million.
This gain far outpaced the Dow Jones Industrial Average's 2,300% rise over the same period, and the Pelosis' average annual return of about 14.5% also beats long-term performances of major indexes, including the S&P 500 and Nasdaq.
In 2024 alone, their investments reportedly gained 54%, more than doubling the S&P 500's 25% rise and topping many hedge funds, Bloomberg reported. --->READ MORE HERE
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