Nancy Pelosi is a US politician also famous for trading stocks. She is the first and only woman to serve as Speaker of the U.S. House of Representatives. Pelosi held the position from 2007 to 2011 and back again in 2019 to be the current House speaker. Nancy Pelosi has a net worth of $115 million as of 2023.
Early Life
Pelosi was born Nancy Patricia D’Alesandro on March 26, 1940. Out of seven children, she is the youngest and the only female. She was raised in Baltimore, Maryland and is of Italian descent.
Pelosi grew up in a politically prominent family as Nancy’s dad, Thomas D’Alesandro Jr., was a Congressman from Maryland when she was born. He eventually became Mayor of Baltimore and her mom, Annunciata, was a Democrat Party activist.
Because of this, Nancy was exposed to politics at a young age when she began assisting her father with his election campaigns. This also led her to pursue a degree in political science at Trinity College and graduated in 1962.
Political Career
After graduating, she interned for Senator Daniel Brewster. and later relocated to California, where she became friends with Congressman Phillip Burton and climbed the ranks of Democratic party.
Burton was succeeded by his spouse Sala after he died in 1983. Before she died, Sala Burton named Pelosi as her replacement after she decided not to run for re-election. Nancy triumphed in the subsequent special election and was elected to Congress for the 5th District in June 1987.
Since 2003, Nancy has headed the House Democrats and became the House of Representatives speaker in 2007, becoming the first woman to hold the position. When the Republican Party won in 2011, she left office. Pelosi returned as speaker in 2019.
Stock Trading
Aside from her political pursuits, Nancy Pelosi spends time trading stocks. This is how, in 2009, she became one of the 25 wealthiest Congress members early in her career and fortune only grew later on.
In recent years, Nancy and her husband have invested millions of dollars in tech companies. This includes stocks in Facebook, Apple, Microsoft, Amazon, and Google. Nancy opposes adding limits on stock trades by congress members. She claims that the US is a free market system and that lawmakers should be able to engage in its economy.
Net Worth and Salary
Nancy’s pay is estimated to be around $223,500 as Speaker of the House. That’s more than what average senators make. She is also entitled to full life, health, and retirement benefits.
As for her stock trading, it is reported that Pelosi has traded over $66 million in stocks according to housestockwatcher.com. Pelosi has a net worth of $115 million, ranking her as the tenth wealthiest member of Congress in 2023.
Personal Life
At college, Nancy was introduced to Paul Francis Pelosi. They got married in September 1963 and currently live in San Francisco’s Pacific Heights area. The couple has five children and nine grandchildren. Paul is heavily involved in Nancy’s fortune, as he is a major investor in the stock market.
