Nancy Pelosi is probably best known as the first woman Speaker of the House and a fierce defender of the Democratic Party establishment. Did you know, however, that she’s among the wealthiest and most successful stock traders
Pelosi has been a member of the House of Representatives since 1987, earning a yearly salary of around $174,000 to $223,000. That doesn’t explain how her net worth somehow ballooned to over $120 million
– peaking at $171 million in 2021.
What does explain it?
Somehow, Pelosi has managed to be an infinitely more effective investor than she has been at being a lawmaker. According to reports from Unusual Whales, , Pelosi was the single most successful stock trader in Congress in 2020, raising concerns that she was using insider information only available to Congress to execute stock trades with knowledge unavailable to the public.
, Pelosi was the single most successful stock trader in Congress in 2020, raising concerns that she was using insider information only available to Congress to execute stock trades with knowledge unavailable to the public.
just before the company was sued by eight states and the Department of Justice for monopolistic antitrust practices.
Pelosi is such a prolific stock trader, somehow always perfectly timing her purchases and sales just before the companies rise or fall in value, that a bill introduced that would ban members of Congress from owning or trading stocks was literally named the Preventing Elected Leaders from Owning Securities and Investments Act – or the PELOSI Act.
Personally enriching yourself by investing in companies that you then have significant leverage over via your position of power in Congress? Buying stocks in economic sectors that you know Congress is about to announce historic investments in? Selling stocks in companies that you know are about to be investigated for potential wrongdoing? Like… if that’s not grifting, what is? ***********
