Many people wonder how some people who sit in Congress for decades somehow become millionaires. The pay may be decent compared with the average American’s wages, but it doesn’t require a math whiz to see that a congressional salary, even for the Speaker, doesn’t add up to hundreds of millions of dollars.
Martin Walsh of ConservativeBrief.com observed, “The current salary of a Speaker of the House is six figures, yet Pelosi is one of the richest members of Congress.” Now, people like FOX News’ seemingly omnipresent host Jesse Watters, on Watter’s World, has “launched an investigation into Pelosi’s financial dealings during her tenure in politics.”
Watters suggests her secret seems to be “her husband, Paul.”
Watters wonders how “The Pelosis always know what the right investment is.” He says the couple owns a $25M mansion in Napa Valley, a D.C. waterfront condo worth $2M, a Mansion in Pacific Heights, San Francisco, the city in which Paul reportedly owns another $50M in commercial properties.
“In 2018,” Watters noted, “the Pelosis’ wealth skyrocketed.” Basing numbers on her financial disclosure reports, in 2018, Pelosi’s assets totaled $114M, in 2019, $271M, and in 2020, $315M.
Amplifying questions about Pelosi’s finances are examples like this: Reportedly, in 2007, the Visa corporation was concerned the Congress, which had switched to Democrat control, wanted to “target their swipe fees,” which could cost Visa billions of dollars.
Watters reported Visa lobbyists “descended on Pelosi,” including the CEO who met with Nancy. “Suddenly, Paul Pelosi got a phone call from his broker.” Visa invited Paul to “get in early on Visa’s $18B IPO.”
Also, “In January, the Pelosis got a million dollars worth of Tesla stock right before Joe Biden announced electric car incentives in June.” These and several other fortuitous transactions have stamped a giant question mark on the Pelosis’ finances.
In a YouTube video, to put it into perspective, not including her husband Paul’s contributions, Thomas James-Investing said at Nancy’s salary, “it would take over 600 years to save $315 million.” He alludes to “insider trading.”
Watters concludes his report by pointing out the “Pelosis have never been indicted for insider trading….” But there seems to be some “extremely fortunate timing” attributed to their finances, which creates suspicion. For one last example, and to bolster the curiosity, consider this bit of good fortune:
“In March, Paul Pelosi exercised $2 million worth of Microsoft options, just two weeks before the tech giant got a $22 billion contract to equip the U.S. Army with high tech headsets.”
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Originally from New England, he’s a Boston sports fan. He now lives in the Pacific Northwest with his wife, Jody, a retired firefighter. He enjoys spending time with his adult kids and three grandchildren.
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