Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org. Pelosi's most recent financial disclosure shows her husband has millions of dollars worth of holdings. Pelosi and her husband, Paul Pelosi, did not have a good final quarter of 2022 in terms of stocks, according to an end-of-the-year financial disclosure form. Dear Madam Speaker: Pursuant to Section 36(c) of the Arms Export Control Act, please find enclosed a certification of a proposed license for the export of defense articles, including technical data, and defense services, in the amount of $100,000,000 or more. He consulted for Accenture, a major government contractor, Saildrone, and Schmidt Ocean Institute. Powered and implemented by FactSet Digital Solutions. /Kids [19 0 R 23 0 R 25 0 R 27 0 R 29 0 R 31 0 R 34 0 R 37 0 R 39 0 R] "Those papers have found that in fact, the trades made by senators have underperformed," Hasija said. A bipartisan group of senators also came under suspicion, including Sens. Icon/Facebook 1 Hipp was the CEO of the Native American Agriculture Fund and President of Native Solutions, an inactive consulting firm that has not had clients in 2020 or 2021. As House speaker, Pelosi receives an annual salary of $223,500. >> However, Paul Pelosi also trades stocks in big tech Silicon Valley companies, which has helped . Nancy Pelosi's return was a whopping 69%. Several such measures have been introduced this session of Congress, though some of the proposals contain a loophole that would allow congressional spouses, like Paul Pelosi, to continue making stock trades. Scott Applewhite) (AP Photo/J. - Financial disclosures show that Pelosi has millions of dollars in real estate investments, business partnerships and stock holdings. Organization totals include subsidiaries and affiliates. And he sits on the boards of Attention (a mental health company), SVN Med and an advisor to L&N Baby (both are medical technology companies). U.S. House Speaker Nancy Pelosi (D-CA) leaves a news conference about legislative efforts to lower gas prices, on Capitol Hill in Washington, U.S., April 28, 2022. Share Washington, U.S. House Speaker Nancy Pelosi's husband was revealed to have lost money as part of the disclosure process. Wassmer was Managing Director at Ernst & Young and the Director of Agency Operations for the Government of the District of Columbia. Pelosi Reports Stock Trades, Loses $2.5 Million, Financial Disclosure Forms Show David Hawkins January 14, 2023 - 5:25 pm 3 Comments Democrat Rep. Nancy Pelosi (D-CA) and her husband Paul have suffered massive losses in the stock market, according to the former speaker's federal disclosure forms. "The reason why Speaker Pelosi became so popular was because every trade she was making inevitably turned out to be such a long-term winner," said Josephs. We also co-published a letter with dozens of other organizations calling on the Biden administration to strengthen financial disclosure requirements. After generally hovering near an estimated $100 million throughout the 2010s, the Pelosis net worth began shooting up in 2020 and by the end of 2021 had reached more than $171 million, according to Sludges review of financial disclosures. There's a deep cynicism that forms the foundation of a trading strategy based on mimicking the stock picks of lawmakers and their spouses: the notion that politicians are corrupt and that you can't trust them not to engage in insider trading so if the information is public, you might as well trade what they're trading. All rights reserved. He was in luck," Watters continued. Bronaugh was formerly the Commissioner of the Virginia Department of Agriculture and Consumer Services and other government affiliated agriculture groups. You have JavaScript disabled. Pelosi heckled in San Francisco: "Can you tell us why we have over $150 billion going to Ukraine when we have homeless on the streets in your own city". 5 0 obj contributions from corporate PACs, employees and owners as well as their immediate families. Easterly was Managing Director of Morgan Stanley and sits on the board of the Morgan Stanley Foundation. We don't really care. Call with Prime Minister Benjamin Netanyahu of Israel, Readout of President Joseph R. Biden, Jr. On June 17, Nancy Pelosi's husband Paul Pelosi exercised options he had purchased a year earlier to purchase 20,000 shares of stock in semiconductor manufacturing company Nvidia at a price of $100 per share, according to a disclosure filed by the speaker. His ongoing research suggests that it does. He has large individual stock holdings in a variety of Big Tech companies like Alphabet, Amazon, Apple, Facebook, Netflix, Nvidia, Paypal, Shopify, Microsoft, Etsy, and others. Congressman Raja Krishnamoorthi, a Democrat from Illinois, is part of a bipartisan group of House and Senate members who have introduced legislation banning lawmakers from owning individual stocks. This means that Vilsack will have to recuse himself from key social issues disproportionately hitting rural America and from issues related to one of the largest agriculture industries in the US. He says there is a significant following for his work. Article House Speaker Nancy Pelosi (D-Calif.) shifted her public position Wednesday on banning lawmakers and their spouses from owning and trading individual stocks, saying more readily that. ("Help! A review of Pelosis most recent financial disclosure shows that it got her net worth wrong, as well. Tanden earned $10,000 each from speaking fees given to Wells Fargo and the Capital Group where she participated in discussions with Karl Rove and Rich Lowry. In 2021, Paul Pelosi purchased up to $10 million worth of shares in Microsoft and up to $5 million in shares of Alphabet, plus another up to $1 million in Alphabet call options that expire in September. H ouse Speaker Nancy Pelosi's husband Paul Pelosi purchased millions of dollars' worth of Microsoft and Roblox stock last month. The Revolving Door Project will be tracking these disclosures and flagging important revelations revealed by the OGE to ensure high level political appointees are not financially beholden to special interests they may regulate in government. The White House He also reported holding between $100,000 to $250,000 in stock in General Mills, $1,000 to $15,000 in stock in J.M. If enough contributions came in from people connected The center has not released a report yet on 2019 filings, but a USA TODAY review of Pelosis report filed in August 2020 shows that, on the low end, Pelosi could be nearly $40 million in the hole. He also was a member of Mathematica, Feeding America, JVS, and consulted for Far Harbor, a research company. available information, the donor is given an economic code. In 2007, she made history as the first woman elected to serve as speaker of the House. Photo Credit: Vice Pres. Please enable JavaScript to use this feature. Her 2018 financial disclosure form showed that the Pelosis' assets were based on a mix of "real estate, partnerships and blue-chip stockholdings, including Apple, Facebook, Visa and Walt Disney Co." PolititFact reckons her "maximum net worth is nearly $160million" after delving into her assets and liabilities in her portfolio. Nancy Pelosi is one of the wealthiest members of Congress, and the couples net worth has increased rapidly over the past few years. Much of it appears to be from her husband's business investments a . Nvidia shares traded at between $160 and $169 the following day when markets opened. - Co-founder of Sludge. She also served in various other capacities within the Democratic Party during the late 1970s and 1980s. Edit here is the list I made of pelosi's options. Pelosi has been in Congress since 1987, when members were paid $89,500. Of course, it was banned. He is also a board member of Behavioral Insight Team. electronically on 03/01/23 for Fundraising totals, Pelosi entered Congress in 1987 34 years ago, not 28 and the meme has the wrong current salary for the House speaker. disclosures vary. Legal Statement. He has also consulted for or spoken in various capacities to powerful organizations like Google, PWC, UBS, AirBnb, Netflix, and the Business Roundtable. << /Type /Catalog assigned to all non-wage earning family members. Her reports have garnered growing attention amid a massive uptick in retail trading - as . provides a minimum and a maximum net worth for each member. Facebook. One user called Pelosi the market's "biggest whale," while another called her the "queen of investing." You've successfully subscribed to this newsletter! Neither the President nor the Vice President have any conflicts of interest. He is also heavily invested in the Dodge & Cox Stock fund and over a million dollars in various investment vehicles. Schroeder was a professor at Duke University from 1979 to 2020. House Speaker Nancy Pelosi at a press conference on Capitol Hill on August 12, 2022. . @ceowatchlist; @quicktrades; @irisapp/TikTok, A Chinese Real Estate Company Is Walloping Your Stocks. Mr. Pelosi also acquired ownership interest valued at up to $1 million in asset management firm AllianceBernstein, bringing his total stake in the firm up to as much as $5 million. their individual members or employees or owners, and those individuals' Youngs financial disclosures do not list any retirement assets or investments at all, likely due to her current role as Staff Director of the US House Committee on Appropriations. Brooks-LaSure is a revolving door hire who became the. Pelosi is hardly the only lawmaker making these stock disclosures. Nvidia shares traded at between $160 and $169 the following day when markets opened. after the 20th of every month. Please join Sludge as a $5-a-month member today. Share A Pelosi spokesperson said that she does not personally own any stocks and that the transactions are made by her husband. ""Suddenly, Paul Pelosi got a phone call from his broker. Second, we standardize the name of the donor's employer. A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 Levine was the Pennsylvania Secretary of Health and the President of the Association of State and Territorial Health Officials. Estenoz was the COO of the Everglades Foundation and Director of the US Endowment for Forestry and Communities. He also consulted for the corporate law firm, Cohen Millstein. ", "In 2007, Visa worried the new Democrat Congress would target their swipe fees, costing them billions. /ToUnicode 5 0 R Josephs is the co-founder of a company called Iris, which shows other people's stock trades. Graham is married to the former Governor of Florida, Bob Graham, and is the the Vice Chair of the Tallahassee Ethics Board and on the Council of Advisors to the Graham Center for Public Service. Krittenbrinks financial disclosures do not show any stock ownership or assets besides a mortgage on a personal residence. It also publishes Ethics Agreements which detail how an appointee would recuse themselves or divest from sensitive holdings to prevent conflicts of interest. Haines consulted for the Silicon Valley giant Uber, the major ICE collaborator and NSA surveillance tech provider. The 82-year-old politician has an estimated net worth of more than $106 million, according to a New York Post analysis. While Pelosi was speaker, bills that would have hurt Visa's stock price were blocked in the House. Polly was Commissioner of the New York City Department of Transportation prior to her nomination. He made $1,149,402 in salary from Citigroup, not including an additional $750-$1.25 million in Citigroup stock. This gives us time to analyze the contributions and categorize them by industry and Tai does not have any employment outside of the US government according to her disclosures, and maintains less than a million dollars in various investment vehicles aside from property owned in California. She is also the President of Alliance for Peacebuilding, a nonprofit, and on the board of Digital Peace Now Society and Women in Action for Women. In June of last year, Mr. Pelosi exercised call options on Alphabet stockdays before a House committee vote on regulation of the largest tech companiesthat vaulted his holdings in the company up to between $5.5 million and $26 million. In recent years he's made big-money bets on companies his wife is supposed to. Jenkins was the founder and director of Women of Color Advancing Peace, Security and Conflict Transformation and the President of Innervisions, her personal consultancy for which she does not disclose her clients. 1 0 obj January 15, 2023. Speaker of the House Nancy Pelosi (D-CA) and her husband Paul Pelosi arrive for the 42nd Annual Kennedy Awards Honors in Washington, U.S., December 8, 2019. In this Sept. 8, 2021 photo, Speaker of the House Nancy Pelosi, D-Calif., meets with reporters to discuss President Joe Biden's domestic agenda at the Capitol in Washington. Powers spouse, Cass Sunstein, has consulted for Apple, Global Asset Capital, and advised Humu (an HR tech company). Much of the Pelosis fortune is invested in real estate, including commercial properties in San Francisco from which they collect up to $2 million annually, the Auberge du Soleil resort in Napa Valley, which pays out up to $5 million in partnership income, and a vineyard in Napa from which they earn up to $1 million annually from grape sales. Legal Statement. He serves as a board member to Macro Advisory Partners (a shadow lobbying firm), Makena Capital Management, Allianz (a financial services company), International Paper, and as Senior Advisor to Blackstone. Using the Center for Responsive Politics method of averaging the two leaves a net worth of about $106 million. /BaseFont /NAOVXP#2BGeorgia#2CBold The current salary of a Speaker of the House sits in the low six-figures, yet Pelosi is one of the richest members of Congress. He makes at least $25,000 in rent and royalties from fossil fuels. 20005. Quotes displayed in real-time or delayed by at least 15 minutes. She is also on the boards of numerous nonprofits including the Robertson Foundation for Government, the Ellen Johnson Sirleaf Presidential Center For Women & Development, the US Committee for Refugees & Immigrants. She will resign from her position as an advisor to The Social+Capital Partnership, which has earned her up to $50,000 in capital gains interest. Still Josephs views trades by federal lawmakers as "smart money" worth following and plans to track a large variety of politicians. The figure was calculated using the methodology of the Center for Responsive Politics for calculating the net worth of Congress members, which involves getting the average of the maximum and minimum estimated value of assets and liabilities. employer. All other numbers in these Pelosi's most recent financial disclosure pegged her maximum net wealth at $252 million and the minimum at $40 million. Nancy Pelosi also earns a salary of $223,000 from her role as the Speaker of the House. 11 Zinfandel Lane - Home & Vineyard [RP] JT $5,000,001 - $25,000,000 Grape Sales $100,001 . She received six figure salaries through her consulting firm Granholm Mulhern Associates and though she promised to stop her consulting work, her husband will continue to manage investments through it. << /Type /Pages Pelosi was first elected to Congress in a 1987 special election. NOTE: All the numbers on this page are for the 2021 - 2022 In 2018, a financial disclosure form showed a vast list of profitable investments, including impressive stock holdings in Walt Disney Co, Apple, Visa, and Facebook, as well as . Batchelder was a professor at NYU Law School, Coach and Trainer for corporate law firm Cleary Gottlieb Steen & Hamilton, a Consultant to the conservative Peterson Foundation, and on the boards of directors of Tax Analysts and the National Tax Association. He also is a board member of Innovate.edu. Pelosi's 2018 financial disclosure form shows the value of the assets she and her husband held at the time of the filing. Icon/Twitter 1 The couple also has a Napa, California, home and vineyard worth between $5 million and $25 million that generated between $100,001 and $1 million in income from grape sales, her 2019 report showed. He also maintains significant holdings in companies like Walmart, Costco, Target, Nvidia, AMD, Starbucks, and others. The Ethics in Government Act of 1978 requires high-level federal officials to publicly disclose their personal financial interests on OGE Form 278. Last year, Josephs noticed that the trades, actually made by Pelosi's investor husband and merely disclosed by the speaker, were performing well. In a July 20 letter to Senate Homeland Security and Governmental Affairs Committee Chairman Gary Peters (D-Mich.), Sen. Josh Hawley (R-Mo.) Bank, his wife Matilda lists "Homemaker" and 12-year old Tammy shows up as "Student," OpenSecrets would identify all House Speaker Nancy Pelosi is one of the richest members of Congress, but a social media post circulating about the wealth she has built while earning a congressional salary is wrong about her net worth. Scott Applewhite). In a financial disclosure signed by Nancy Pelosi July 2, her husband reported exercising call options to acquire 4,000 shares of Alphabet, the parent company of Google, at a strike price of $1,200 . useful after the election, as issues come before Congress, presidential administrations and state governments that What Makes a Good Executive Branch Official? "Shouts out to Nancy Pelosi, the stock market's biggest whale," said user 'ceowatchlist.' Source of Funds and Total Raised vs Average, and on 02/01/23 for /Count 9 "The Pelosis have never been indicted for insider trading, but her marriage investments and access, combined with extremely fortunate timing, have created a lot of suspicions. She got donations from them. Her ethics agreement requires that she not deal in matters relating to health or energy sectors, meaning she will not be able to manage significant portions of the Commerce Secretarys economic duties until she divests from these assets. Tech investors received a boost of confidence in mid-July when fresh financial disclosures from Congress revealed that Nancy Pelosi's family had seemingly taken on a new bullish position in Nvidia (NVDA)one of the country's best-known chip makers. Walmart, Costco, target, nvidia, AMD, Starbucks, and the Director of Morgan Stanley and on. Polly was Commissioner of the Morgan Stanley Foundation Lane - Home & amp ; Vineyard [ RP JT! 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