Financial disclosures show that Pelosis net worth isnt close to $196 million, and the salary used in the post is wrong. why: Summary numbers for federal officeholders - specifically "Total Raised and Spent" and "PAC/Individual Split" - are Pelosi was first elected to Congress in a 1987 special election. Schroeder was a professor at Duke University from 1979 to 2020. motivation for each individual giver. Pelosi and her husband, Paul Pelosi, did not have a good final quarter of 2022 in terms of stocks, according to an end-of-the-year financial disclosure form. their contributions as being related to the "First National Bank" since that's the source of the family's income. ", "She knew," declared Chris Josephs, analyzing a particular trade in Pelosi's financial disclosures. - State requirements related to itemization thresholds and employment disclosures vary. Office of the Clerk, U.S. House of Representatives - Nancy Pelosi Member Profiles Nancy Pelosi Nancy Pelosi California (CA) - 11th, Democrat Hometown: San Francisco Oath of Office: Jan. 07, 2023 Share Overview & Contact Committee and Subcommittee Assignments There are no Committee assignments. "The reason why Speaker Pelosi became so popular was because every trade she was making inevitably turned out to be such a long-term winner," said Josephs. While Pelosi was speaker, bills that would have hurt Visa's stock price were blocked in the House. She is also the owner of LOM Strategies, her individual consultancy firm. Or in her case, not-so-nice (legendary plunging necklines notwithstanding). Fauci's 2020 financial disclosure was released publicly Friday night by Sen. Roger Marshall (R-Kan.), . interest group. Samantha Power made $471,167 as a Harvard professor. The gadfly account persistently exposed Nancy with embarrassing facts. A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 Market data provided by Factset. He owns stock in Raytheon and Carrier while his spouse works for Education Forward DC. Nancy Pelosi See Data About Their: Personal Finances Summary Assets Liabilities Transactions Reports Other Data Reports The original disclosure files can be accessed below by filing year. Hes made over a million dollars consulting for Netflix, Airbnb, Carnival Cruises and Estee Lauder. Nancy Pelosi Representative (D - CA) Speaker First Election 1987 Next Election 2022 TOP INDUSTRY 2021 - 2022 Retired $5,546,521 TOP CONTRIBUTOR 2021 - 2022 University of California $64,835 Campaign Committee Fundraising, 2021 - 2022 Leadership PAC: PAC to the Future LAST REPORT: 12/31/2022 Top Contributors, 2021 - 2022 Top Industries, 2021 - 2022 Her husband owns commercial properties in San Francisco "combined, worth up to $50 million," Watters continued. The losses were noted in a final quarter financial disclosure that reported the Pelosi's stock losses. He also works with Purdue Pharma to monitor their legal settlement over their manufacturing of the opioid epidemic. Washington, On June 17, Nancy Pelosi's husband Paul Pelosi exercised options he had purchased a year earlier to purchase 20,000 shares of stock in semiconductor manufacturing company Nvidia at a price of $100 per share, according to a disclosure filed by the speaker. He holds up to $11,250,000 in various investment vehicles, including BlackRock products. Created with Sketch. He Also was an attorney to major financial companies like Goldman Sachs, Morgan Stanley, Lone Pine Capital, Anchorage Capital Group, CIT Group, In-Q-Tel, OMERS Private Equity, Vector Capital, StoneX Group, Canadian Capital Management, Farallon Capital Management, and many, many others. Batchelder was a professor at NYU Law School, Coach and Trainer for corporate law firm Cleary Gottlieb Steen & Hamilton, a Consultant to the conservative Peterson Foundation, and on the boards of directors of Tax Analysts and the National Tax Association. corporations and unions can give directly to campaigns in many jurisdictions. Ella Fanger. The current salary of a Speaker of the House sits in the low six-figures, yet Pelosi is one of the richest members of Congress. He will be required to divest his holdings in Honeywell, Johnson & Johnson, FedEx and Home Depot because of the potential conflict of interest those holdings pose for the head of FEMA. Top Contributors and Industries. Feel free to distribute or cite this material, but please credit OpenSecrets. Nancy Pelosi is one of the wealthiest members of Congress, and the couples net worth has increased rapidly over the past few years. He serves as a board member to Macro Advisory Partners (a shadow lobbying firm), Makena Capital Management, Allianz (a financial services company), International Paper, and as Senior Advisor to Blackstone. Joshua Comins is an associate editor for Fox News Digital. She also owns a property in Warrensville, Ohio worth up to $250,000 and has bank accounts with up to $300,000 cash. Like other Congressional lawmakers, Pelosi is legally required to file disclosures of her stock trades. after the 20th of every month. But the financial disclosures don . Pelosi's estimated net worth of $171.4 million in 2021 was calculated by taking into account the ranges of all the individual assets and liabilities reported in her financial disclosure statement. He has hundreds of thousands of dollars in various investment vehicles. Showing these clusters of contributions from people associated with particular organizations provides a valuable Joe Kiani, CEO of medical tech company Masimo, hosted a California fundraiser for Biden when the 2020 Democratic presidential nomination contest was still a crowded field. April 13, 2021 12:20 PM. The value of the. First, we apply a code to the contribution, identifying the industry. Source of Funds and Total Raised vs Average, and on 02/01/23 for In a recent financial disclosure, Pelosi states she and her husband, Paul, have an estimated net worth of between $43 . Pelosi routinely ranks among the richest members of Congress when the Center for Responsive Politics compiles and analyzes financial disclosure forms that members of Congress are required to file. Nice. financial DiScloSure rePort Clerk of the House of Representatives Legislative Resource Center 135 Cannon Building Washington, DC 20515 filer information name: Hon. Nancy Pelosi Reports Stock Trades, Loses $2.5 Million According to Financial Disclosure Forms. contributions may be completely unrelated to the organization. In this Sept. 8, 2021 photo, Speaker of the House Nancy Pelosi, D-Calif., meets with reporters to discuss President Joe Biden's domestic agenda at the Capitol in Washington. Visa shares going up over 200 percent during the time, making the Pelosis a fortune on paper. Julian Scoffield Please join Sludge as a $5-a-month member today. Much of it appears to be from her husband's business investments a . On New Years Eve, the US Office of Government Ethics (OGE) began releasing public financial disclosures for some of the Biden Administrations highest political appointees. After investigations by federal law enforcement, none were charged with insider trading a very difficult charge to make against a sitting lawmaker. The Democracy for the People Act, backed by a coalition of Minnesota groups, would also increase disclosure of political spending in state races. The combined losses from trading in Micron Technology, Nvidia and Walt Disney. He makes at least $25,000 in rent and royalties from fossil fuels. House Speaker Nancy Pelosi at a press conference on Capitol Hill on August 12, 2022. . A Napa, California, home and vineyard the California Democrat owns is worth between $5 million and $25 million and generated between $100,001 and $1 million in income from grape sales, according to her 2019 report. For that Her 2018 financial disclosure form showed that the Pelosis' assets were based on a mix of "real estate, partnerships and blue-chip stockholdings, including Apple, Facebook, Visa and Walt Disney Co." PolititFact reckons her "maximum net worth is nearly $160million" after delving into her assets and liabilities in her portfolio. Watters condemned her policies, saying they're making it "harder and harder for average Americans to accumulate wealth," shackling them with taxes and "destroying the dollar with reckless spending.". The financial disclosure showed that Paul was "exercising call options to acquire 4,000 shares of Alphabet, the parent company of Google, at a strike price of $1,200. Baker is a professor at Northeastern University, the cofounder of the Initiative for Energy Justice, and sits on the board of the Clean Energy Group, the Green Leadership Trust, the Solutions Project, and Solstice Solar. Created with Sketch. Buttigieg and his spouse also own stock in Apple, Alphabet (Googles parent company) and hundreds of thousands in other investment vehicles. The lag times vary for state officeholder data. He is also the principal and founder of corporations like High Desert Ocean Associates and Oceans 360 Associates. Icon/Twitter 1 A review of Pelosis most recent financial disclosure shows that it got her net worth wrong, as well. He has up to $355,000 invested in mutual funds. 1600 Pennsylvania Ave NW Wassmer was Managing Director at Ernst & Young and the Director of Agency Operations for the Government of the District of Columbia. In a financial disclosure signed by Nancy Pelosi July 2, her husband reported exercising call options to acquire 4,000 shares of Alphabet, the parent company of Google, at a strike price of $1,200 . hide caption, A community of young investors on TikTok, including @ceowatchlist, @quicktrades and @irisapp, are using House Speaker Nancy Pelosi's stock trading disclosures as inspiration for where to invest themselves. Marten is the Superintendent of the San Diego Unified School District, and is also the Commission of the San Diego Library Commission, the California Commission on Teacher Credentialing, and the Commission on Gang Prevention & Intervention. endobj Memo: Emmers son has new job in Congress, As the pandemic ebbs, Minnesota lawmakers and their staff resume taking free trips. She also sat on the board of multiple New York-centric transportation groups including the Intelligent Transportation Society of America, the Metropolitan Transportation Authority, GrowNYC, the NY Metropolitan Transportation Council, and TRANSCOM. While assets listed on the form total between $57 million and $271 million, liabilities range from $20 million to $97 million. A bipartisan group of senators also came under suspicion, including Sens. Totals for industries (and larger economic Bank, his wife Matilda lists "Homemaker" and 12-year old Tammy shows up as "Student," OpenSecrets would identify all >> Pelosi entered Congress in 1987 34 years ago, not 28 and the meme has the wrong current salary for the House speaker. In a periodic transaction filing, Pelosi disclosed her husband, Paul Pelosi, exercised 25 call options on Thursday to buy 2,500 shares of Tesla stock, worth nearly $2.2 million at the time; the . Mayorkas also has millions in various retirement accounts and investment vehicles. Monje was Director of Public Policy & Philanthropy at Big Tech company Twitter since 2017 as well as a board member of the tech lobbying group, the Internet Association. In a July 20 letter to Senate Homeland Security and Governmental Affairs Committee Chairman Gary Peters (D-Mich.), Sen. Josh Hawley (R-Mo.) You cansubscribe to our print edition, ad-free app or electronic newspaper replica here. So far this year, Senate and House members have filed more than 4,000 financial trading disclosures with at least $315 million of stocks and bonds bought or sold. His ongoing research suggests that it does. Notably, House Speaker Nancy Pelosi (D-Calif.) . Nancy Pelosi is well-known for two things: politics and designer shoes. But her salary from a 34-year career in Congress, including 18 years as minority leader and speaker, doesnt tell the whole story about the personal wealth she and her husband have built. electronically on 03/01/23 for Fundraising totals, The House speaker was born in Baltimore, Maryland, in 1940. He also is a board member of Innovate.edu. Gary Gensler was paid $315,275 by MIT. %PDF-1.4 Tanden earned $10,000 each from speaking fees given to Wells Fargo and the Capital Group where she participated in discussions with Karl Rove and Rich Lowry. Financial disclosures show that Pelosi has millions of dollars in real estate investments, business partnerships and stock holdings. Krittenbrinks financial disclosures do not show any stock ownership or assets besides a mortgage on a personal residence. Nancy Pelosi of California, the speaker of the House, said she would agree to a ban on the ownership and trading of individual stocks by members of Congress if the ban also applied to members. Mutual Fund and ETF data provided by Refinitiv Lipper. ""Suddenly, Paul Pelosi got a phone call from his broker. Quotes displayed in real-time or delayed by at least 15 minutes. Her ethics agreement requires that she not deal in matters relating to health or energy sectors, meaning she will not be able to manage significant portions of the Commerce Secretarys economic duties until she divests from these assets. Our fact check work is supported in part by a grant from Facebook. Pelosi heckled in San Francisco: "Can you tell us why we have over $150 billion going to Ukraine when we have homeless on the streets in your own city". Call with Prime Minister Benjamin Netanyahu of Israel, Readout of President Joseph R. Biden, Jr. "We don't want this to be a left vs. right thing. Next Post: Readout of President Joseph R. Biden, Jr. Pelosi is hardly the only lawmaker making these stock disclosures. She was also a consultant for Brookhaven Science Associates, a public private laboratory. Pelosi earns $223,500 a year as speaker and is worth about $106million, using the method the Center for Responsive Politics outlines for calculating net worth of Congress members. In 1976, she was elected as a Democratic National Committee member from California, holding the position until 1996. Youngs financial disclosures do not list any retirement assets or investments at all, likely due to her current role as Staff Director of the US House Committee on Appropriations. While the meme uses Pelosis maximum net worth from 2010, the average is nearly half that: about $100 million. In 2021, Paul Pelosi purchased up to $10 million worth of shares in Microsoft and up to $5 million in shares of Alphabet, plus another up to $1 million in Alphabet call options that expire in September. In her 2019 disclosure, she reported around $7.1 million worth in options. - And I posted it actually to Reddit, where it gained some significant traction and people showed a lot of interest in it," Carambat said. /Encoding /Identity#2DH Chinese company ByteDance does not have a PAC, but it still found a way to make donations honoring hundreds of members of Congress. Her ownership stake in Zenith strategies is worth between $50,000 to $100,000. The Pelosis' current holdings include between $5 million and $25 million of shares in both Amazon and Apple, as well as between $1 million and $5 million worth of Google stock options, according to. He covers media, politics, breaking news and current events. name: Hon. It also ignores that Pelosis husband, Paul Pelosi, owns and operates a San Francisco-based investment firm. Kvaal is the President of the Institute for College Access & Success and has various investments mostly in Fidelity and Vanguard Funds. His finances are relatively noncontroversial and mostly held in various retirement index funds. Meyer was a partner at corporate law firm Sheppard Mullin Richter & Hampton. 20005. So peloski has these calls expiring from today on that are public record: Amazon: $AMZN On 7-27-18 >20 calls @ $1700 strike expiring 1/17/2020 On 10-12-18 > 30calls $1600 strike expiring 1/17/2020 On 7-22-2019 > 20 calls $1700 strike expiring 1/17/2020 Apple: $AAPL Joshi is the general manager and principal of Sam Schwartz Transportation Consultants, CEO/Chair of the New York City Taxi and Limousine Commission, Chair of the Brooklyn Bar Association, an advisory council member of Remix (transportation software company. OpenSecrets updates federal figures for "Total Raised and Spent" and for "PAC/Individual Split" a few days after Dinesh Hasija, an assistant professor of strategic management at Augusta University in Georgia, has been studying whether the market moves based on congressional disclosures. We have a significant problem," said Kedric Payne, senior director of ethics at the Campaign Legal Center. 14 new people through the revolving door In 2007, she made history as the first woman elected to serve as speaker of the House. Today, the President and Vice President released their public financial disclosure reports. Powered and implemented by FactSet Digital Solutions. contributor provides it. In recent years he's made big-money bets on companies his wife is supposed to. U.S. House Speaker Nancy Pelosi (D-CA) leaves a news conference about legislative efforts to lower gas prices, on Capitol Hill in Washington, U.S., April 28, 2022. More articles by Ella Fanger, Twitter with that same employer, the organization's name winds up on the Top Contributors list. Legal Statement. Jaddou was director of Americas Voice, an immigration reform group and counsel to Potomac Law Group. >> Nancy Pelosi also earns a salary of $223,000 from her role as the Speaker of the House. Powers spouse, Cass Sunstein, has consulted for Apple, Global Asset Capital, and advised Humu (an HR tech company). Davidson worked on the Michael Bennet presidential and senate campaigns, and made $10,000 consulting personally for Bennet. That math adds up to about $5.4 million, according to the post, which goes on to claim that Pelosis net worth is $196,299,990, The meme quotes Pelosi: Something is wrong with this picture.. Stay up to date with our daily newsletter, Abortion Rights Battle Heats Up With Nancy Pelosi Communion Ban, Brandon Johnson To Face Off Against Paul Vallas In Chicago Mayoral Race, Marjorie Taylor Greene Claims She Was Berated At Restaurant, US House Democrat Opposes Giving Biden Power To Ban TikTok, Pete Buttigieg Under Investigation For Use Of Government Planes, GOP Presidential Candidates Must Sign Pledge Supporting Nominee To Debate, Nancy Pelosi has millions of dollars in real estate investments, business partnerships and stock holdings, As speaker of the House,Pelosi receives an annual salary of $223,500, Her husband Paul Pelosiruns the venture capital, financial consulting and real estate firm Financial Leasing Services. > Nancy Pelosi at a press conference on Capitol Hill on August 12, 2022. also earns a of! Has Bank accounts with up to $ 196 million, and made $ 10,000 consulting personally Bennet. 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