Nancy Pelosi Net Worth 2017: Tale of the “Haves”
What is Nancy Pelosi’s net worth 2017? It’s quite substantial, even by high-level connected politician standards. The Democratic Minority leader has a multitude of investments and income-yielding properties, making it likely her net worth will grow ever more. The evidence indicates it could be upwards of $200.0 million, including combined assets with husband Paul.
While Nancy has done just fine on her own, much of her wealth can be attributed to her husband of 50-plus years, Paul Pelosi. Paul owns a successful business called Financial Leasing Services Inc., a California-based real estate and venture capital investment and consulting firm. He’s scored several lucrative investment deals over the years, netting millions.
Concrete details on Paul’s net worth are hard to come by, but he had enough discretionary income for Pelosi to purchase a $1.0-million stake in the United Football League in 2009. Furthermore, he took ownership of the Sacramento Mountain Lions for $12.0 million that same year. (Source: “Nancy Pelosi’s Husband Stiffs NFL Legends,” The Washington Free Beacon, August 12, 2014.)
As for Nancy Pelosi herself, she’s been benefiting from a six-figure salary for the majority of her 33 years in public office. Her stability in office is the byproduct of representing California’s 12th congressional district, one of the most reliable Democrat strongholds in America. Republicans make up only 13% of registered voters in the district and have not mounted a serious challenge for office since the early 1960s.
60 Min Report Accusing Nancy Pelosi for Visa Shares
As everyone knows, a major source of “wealth” for some politicians is obtained through soft corruption. It might take different forms, such as kickbacks or influence peddling. In Pelosi’s case, it’s alleged she acted on inside information.
According to a 2011 60 Minutes report, Pelosi reportedly bought stocks in public companies in which legislation was being discussed. Specifically, this involved the initial public offering (IPO) purchase of 5000 shares of financial services company Visa Inc. (NYSE:V). In two days, the stock price jumped from $44.00/share to $64.00/share, for a lightning-quick paper profit of $100,000. (Source: “Pelosi fires back at ’60 Minutes’ report on ‘soft corruption’,” CNN, November 14, 2011.)
Expanding further, the legislation in question had been introduced in the House two weeks prior to the stock purchase. It would have allowed merchants to negotiate lower interchange fees with vendors like Visa, potentially impacting profits.
Naturally, Visa opposed it and (surprise, surprise) so did Pelosi. She was able to stall the legislation for two years, allowing Visa to jump over 200% even as the broad market declined 15%. (Source: “Congress’s Ongoing Insider Trading Scandal,” Ethics Alarms, May 8, 2015.)
Below is a segment of the original 60 Minutes expose.
Another example of timely coincidences involving the Pelosis was the 2014 purchase of SunEdison stock. Paul Pelosi bought up to $250,000 of SunEdison stock a few weeks before an acquisition sent prices soaring. (Source: “Nancy Pelosi’s Husband Snared In SunEdison Stock Scandal,” The Daily Bail, last accessed October 26, 2017.)
These are just a couple of examples of financial profiteering from the Pelosis. It’s helped them steadily climb up the net worth ladder among politicians. At last check, they ranked 14th among richest politicians in America.
Nancy Pelosi Net Worth: How Much Does the Minority Speaker Earn?
Nancy Pelosi’s salary 2017 is $193,400 annually. The salary structure for all Senators and House Representatives is set by Congress, under Article I, Section 6 of the U.S. Constitution. Salaries get adjusted periodically, but current levels have remained in place since 2013.
How much does Nancy Pelosi make in relation to her upper-echelon peers? See the table below:
Executive, Legislative, and Judicial Salaries as of January 2015
|Executive, Legislative, and Judicial Officers||
|Speaker of the House…………………………||
|House Majority & Minority Leaders…………||
|House/Senate Members & Delegates………..||
|Chief Justice, Supreme Court………………..||
|Associate Justices, Supreme Court…………..||
(Source: Salaries, U.S. House Of Representatives Press Gallery)
How Much Does Nancy Pelosi Make When She Retires?
According to the Congressional Research Service, it would take at least 66 years of service before Pelosi could retire and immediately begin receiving even 80% of her salary for life. The final amount is the average of her highest three years of salary. (Source: “Congressional Pensions Update,” FactCheck.org, January 5, 2015.)
If she retired today, Pelosi could expect a mid-$100,000 pension check for the rest of her life.
Nancy Pelosi Wealth in Assets
Nancy Pelosi’s assets read like a Who’s Who of the top one percent. According to the latest mandatory government filings, Pelosi lists over 50 assets under control, with 15 of them valued at over $1.0 million.
Nancy Pelosi, Listed Assets Over $1.0 Million (Latest Filing, May 15, 2015)
|Assets||Net Asset Value Range|
|11 Zinfandel Lane – Home & Vineyard||$5,000,001 – $25,000,000|
|Russell Ranch LLC||$5,000,001 – $25,000,000|
|United Football League||$5,000,001 – $25,000,000|
|United Football League Sacramento Mountain Lions Team||$5,000,001 – $25,000,000|
|Nine Forty Five Battery LLC||$5,000,001 – $25,000,000|
|25 Point Lobos – Commercial Property||$5,000,001 – $25,000,000|
|Piatti Restaurant Company||$1,000,001 – $5,000,000|
|Forty-Five Belden Corporation||$1,000,001 – $5,000,000|
|Thirteen Hundred One Sansome LLC||$1,000,001 – $5,000,000|
|45 Belden Place – Four Story Commercial Building||$1,000,001 – $5,000,000|
|Visa Inc. (V)||$1,000,001 – $5,000,000|
|Apple Inc. (AAPL)||$1,000,001 – $5,000,000|
|723 Mule Ears Court – Townhome||$1,000,001 – $5,000,000|
|Auberge du Soleil||$1,000,001 – $5,000,000|
Some of the properties listed are just valuable based on asset price. They also generate reoccuring income in many cases.
For instance, it’s been reported that Pelosi earns between $15,001 and $50,000 in rent from a Napa Valley property separate from their main abode. They even report between $5,000 and $15,000 in income in “grape sales” from produce grown on the property. (Source: “Nancy Pelosi’s vineyard makes her fourth-richest Californian in Congress,” Los Angeles Times, November 6, 2015.)
It’s also been reported that financial-disclosure documents reveal that Paul Pelosi’s owns four commercial real estate properties near the Port of San Francisco, a highly-coveted business district. It’s home to many restaurants and hotels—many of them high-end. These properties earn a combined rental income of more than $3.0 million annually, according to the Associated Press. (Source: “House Speaker Pelosi Accused of Earmarking Funds for Husband’s Benefit, Media Mum,” NewsBusters, May 8, 2007.)
This was revealed at a time when Pelosi was accused of earmarking funds in areas to benefit Paul’s business interests.
Pelosi’s Net Worth: How Much does the Minority Speaker Earn?
Nancy Pelosi is a verified member of the “One Percent” club. She’s worth between $35.0 million and $200.0 million based on her public disclosure, although non-specific ranges are given.
Some might say her dedication through public service got her where she is today. It definitely has. Although it might be in ways most Democrats would choose to ignore.