Nancy Patricia Pelosi is an American Politician, United States Senator, and the Current Speaker of the House of Representatives. She is married to Paul Pelosi, an American businessman.
Speaker Nancy Pelosi has been a Congresswoman since 1987. Her husband, Paul Pelosi, is a successful businessman with his own investment company. Together they have amassed a fortune well beyond her salary as a Senator.
The Pelosi’s vast net worth comes from multiple sources. What is Nancy Pelosi’s net worth? And how has it changed in the last few years? Here is how Nancy and Paul Pelosi amassed their fortune.
What Is the Net Worth of Nancy Pelosi?
The Pelosi’s combined estimated net worth is an incredible $120 million.
Estimates of a minimum net worth of $43 million or as high as $202 million depend on the market value of the stocks and real estate they currently have in their portfolio.
Who is Nancy pelosi?
Nancy Pelosi was born Nancy D’Alesandro on March 24, 1940. She married Paul Pelosi in 1963. They have five children and nine grandchildren together. They currently reside in San Francisco, California.
Nancy Pelosi is a prominent figure in the Italian community. She served on the board of the National Organization of Italian American Women. She is also on the National Italian American Foundation board, a position she has held for the past 13 years.
She began her political career by interning for Senator Daniel Brewster in the 1960s. After moving to San Francisco, she and congressman Phillip Burton started a professional relationship, leading to her winning an election for California Democratic National Committee membership.
Nancy Pelosi is the first and only female Speaker of the United States House of Representatives. She was elected twice to the position, the first person in over 60 years to accomplish that feat. The first time in 2017 was under the presidency of Barack Obama. She was re-elected in 2019 during Donald Trump’s presidency and is currently still in that position.
How Did Nancy Pelosi Make Her Net Worth
Most of Pelosi’s wealth is in commercial real estate, stocks, and other assets. Here is a complete breakdown.
Nancy Pelosi has been a congresswoman representing San Francisco, California’s 12th District, in Congress since June of 1993 and has been serving the San Francisco area since 1987. Her salary when she began was $89,500. Today she earns $223,500 as Speaker of the House.
From 2011-2019 as the minority speaker in the House of Representatives, Pelosi earned $193,400 annually.
She is the third highest-earning elected official behind the President and the Vice President.
Nancy Pelosi has written a couple of books, the most popular, Know Your Power: A Message to America’s Daughters. This book recounts her life and rises to Congress and the Speaker of the House of Representatives and serves as an inspiration to young women everywhere.
The income Pelosi earned from the sale of her books is unknown.
Nancy Pelosi’s husband, Paul, is the owner of a financial consulting, venture capital, and real estate firm, Financial Leasing Services Inc., based in San Francisco, CA. He has been a financier and businessman for over forty years. He continues to make investments in stocks and real estate.
Nancy Pelosi and her husband have made the majority of their money in the stock market. They have an extensive stock portfolio, investing in some of America’s largest corporations, such as Coca-Cola, Apple, Comcast, Walt Disney Co., and Facebook.
Nancy Pelosi and her husband, Paul, reportedly traded over $33 million in stock between 2020 and 2022. Paul Pelosi sold $5.3 million worth of stocks in tech company Alphabet, Google’s parent company, in late June of 2021.
4. Real Estate
The second largest source of their wealth is numerous real estate assets in the San Francisco area. They purchased their primary home in 2007 for $2.25 million. Today, the house is worth between $15 and $25 million. Nancy Pelosi owns a Georgetown condo worth over $2.16 million, purchased in 1990.
Nancy Pelosi and her husband, Paul, have nine residential and commercial properties totaling between $20 and $50 million in assets.
They also own a vineyard in Helena, California, purchased in 1990. The vineyard cost the couple $2.23 million. The current estimated value of the vineyard today is between $5 million and $25 million.
Nancy Pelosi comes from a family of wealth. Her father, Thomas D’Alesandro Jr., was a longtime politician serving Maryland as well as the 39th mayor of Baltimore. With federal pensions, some of her wealth is from old money in the form of an inheritance, though the exact amount is unknown.
How Does Nancy Pelosi Spend Her Money?
Estimates of Pelosi’s net worth vary greatly, primarily because their stock and real estate holdings fluctuate in value.
But spending money also has an impact. Here is how Nancy Pelosi spends her money.
1. Real estate
Nancy Pelosi and her husband have 11 loans and other liabilities costing between $20 million and $97 million. Most of their liabilities are related to their numerous property investments.
2. Private Flights
Nancy Pelosi has reportedly spent almost $500,000 on ten private flights between October 2020 and December 2021. The Advance Aviation Team was paid $423,707.62 for flights for the Congresswoman.
Clay Lacy Aviation was also paid $65,457.23 for private flights during that time by Nancy Pelosi.
3. UFL Football
Paul Pelosi was an investor in the Oakland Invaders of the United States Football League. They were active for three seasons, from 1983 until 1985, when they announced they would suspend operations. The league subsequently folded before the start of the next season.
He also purchased a United Football League team, the California Redwoods, for $12 million in 2009. After the closing of the UFL later that year, the team moved to Sacramento. After two shortened seasons and financial problems, they folded in 2012.
It is unclear what the financial losses were when the teams folded.
Nancy Pelosi – The 10TH Richest Congress Member
Nancy Pelosi and her husband, Paul, have amassed over $120 million in estimated net worth. They have been intelligent stewards of their money by putting it to work and buying assets that appreciate in value.
While their real estate properties cost a lot of money to run, they earn much more.
These successes have propelled Nancy Pelosi high above most of her counterparts’ net worth, making her the 10th wealthiest member of the House of Representatives.