Nancy Pelosi, 82, is an American politician who has represented the San Francisco area in Congress since she was elected to the House of Representatives in 1987. She is the first woman to serve as both the minority leader and speaker of the house. Let’s see how 35 years working in Congress, plus her other financial endeavors, have impacted her net worth.
In addition to her political career, she and her husband, Paul Pelosi, have invested well and also own a great deal of valuable real estate. She is the highest paid member of Congress with a congressional salary of $223,500 per year, but her other financial interests and speaking engagements bring in more than $1 million per year. Pelosi held and estimated net worth of just under $115 million in 2018, per OpenSecrets, and Finty places her current estimated net worth at ~$120 million.
In 2003, the Democratic caucus first selected her to serve as minority leader; she served as minority leader from 2003-2007 and 2011-19. She has served as speaker from 2007-2011 and again from 2019 through the present.
Pelosi wears a number of hats in Washington. She is the presiding officer and administrative head of the House, the leader of the majority party and still a representative of her home district. She also is second in line, after Vice President Kamala Harris, to succeed the president.
Early Life, Career and Personal life
Nancy Patricia was the seventh child and only daughter born to Annunciata and Thomas D’Alesandro Jr. in Baltimore, Maryland, on March 26, 1940. Her father was a politician who served as the mayor of Baltimore and was a longtime congressman. She graduated from Trinity College with a bachelor’s degree in political science in 1962 and then got her professional start as an intern to a democratic senator.
She married Paul Pelosi, a venture capitalist and real estate tycoon, in September of 1963. After a short stint in New York, the couple moved to Northern California. They have five children and nine grandchildren. She is also aunt to California Governor Gavin Newsom.
Pelosi Family Active in Real Estate, Stock Market
Still, despite decades as a civil servant, Pelosi’s net worth puts her at No. 6 on the list of richest members of Congress as of 2020, according to the Center for Responsive Politics. While her salary is $223,500 annually, most of her wealth stems from her husband’s business and their shared investments. His firm, Financial Leasing Services, has a track record of wise investments in companies such as Facebook, Apple and Disney.
According to a July 2021 report by Pulitzer Prize-winning journalist Glenn Greenwald, the Pelosis traded more than $33 million of tech stocks in the preceding two years.
Among the couple’s shared properties are an estate in Northern California’s stunning wine country, a home in San Francisco and a condominium in Washington, D.C.
More From GOBankingRates
- 11 Frozen Foods To Stock Up on at Costco for Busy Fall Days
- 22 Side Gigs That Can Make You Richer Than a Full-Time Job
- Looking To Diversify in a Bear Market? Consider These Alternative Investments
- 6 Hidden Ways To Help You Boost Your Credit Score
Stephanie Asymkos contributed to an earlier version of this article.