Pelosi Made $130M In Stock Profits During Congress Career — A Return of 16,930%
Nancy Pelosi, 85, is preparing to bow out of Congress with a fortune that few lawmakers could ever dream of — at least $130 million in stock market gains amassed over nearly four decades in office. The stunning return, calculated at 16,930%, has reignited scrutiny over how the California power couple’s investments so consistently outperformed the market.
Pelosi announced this week that she will step away from public life when her term ends in January 2027, closing the chapter on a career that made her both a historic figure and a lightning rod for controversy. The San Francisco representative was celebrated as the first woman to serve as Speaker of the House, but also became infamous for stock trades that routinely eclipsed Wall Street’s best.
Back in 1987, when Pelosi first entered Congress, she and her husband Paul — a venture capitalist — declared between $610,000 and $785,000 in stock holdings on her “hand delivered” disclosure form. The couple, then in their 40s, owned a modest portfolio of a dozen companies, including CitiBank and several now-defunct firms.
According to the analytics firm Quiver Quantitative, that once-small portfolio has exploded to a staggering $133.7 million. Compared to the Dow Jones’ 2,300% growth over the same period, the Pelosi fortune’s 16,930% rise dwarfs the broader market’s performance. Even allowing for compounding, their annual return averaged 14.5% — far beyond the typical 7% to 9% earned by major indexes.
Last year alone, the couple reportedly reaped an estimated 54% return — more than double the S&P 500’s 25% gain and higher than every major hedge fund in Bloomberg’s end-of-year comparison. Pelosi’s 2024 financial disclosure form lists holdings in roughly two dozen companies, including massive stakes in Apple (valued between $25 and $50 million), NVIDIA, Netflix, Palo Alto Networks, and Salesforce.
Their total net worth today is estimated at $280 million — a staggering leap from the roughly $3 million the Pelosis were worth when she took office. Beyond stocks, their assets include a Napa Valley winery valued between $5 and $25 million, a San Francisco Italian restaurant, a consulting firm, and several commercial properties. They also own an $8.7 million Pacific Heights home and a Georgetown townhouse purchased in 1999 for $650,000.
But Pelosi’s wealth accumulation comes as a growing number of lawmakers — including those in her own party — are pushing to ban members of Congress and their spouses from trading individual stocks. Critics say such access to privileged information creates unfair advantages. The latest version of the proposed ban was introduced in September, with some earlier bills even nicknamed after Pelosi herself.
The fascination with her trades has even inspired exchange-traded funds designed to mimic her investment moves. “I think what I’ll miss most is how she trades,” said Dan Weiskopf, portfolio manager of the congressional-tracking ETF NANC. “It’s so high conviction and aggressive. . . . The only reason why you make such trades is if you’ve got a process that gives you confidence, and as far as I know, they’re not buying off technicals. So, they must be doing it because of information around the companies themselves.”
Weiskopf said the secret to Pelosi’s approach is her extensive use of options. “You only do that because you want leverage and you only really want leverage on that kind of trading if you have a lot of convictions,” he explained. “She’s buying deep in the money and putting up a lot of money in doing it. . . . and we’re not seeing her panic. We don’t see a lot of flip flopping on her trading activity.”
Among her most lucrative plays, Weiskopf noted, was a December call option from late 2023 that cost roughly $1.8 million in premiums. It allowed the Pelosis to purchase 50,000 shares of NVIDIA at just $12 each — less than one-tenth of its current market price. Their $2.4 million investment has since ballooned to more than $7.2 million on paper.
“When you’re supposed to be called an honorable member of Congress, maybe you should look yourself in the mirror and say, I want to do the right thing,” Weiskopf remarked pointedly.
Republicans were far less restrained in their criticism. “Nancy Pelosi’s true legacy is becoming the most successful insider trader in American history,” said Kiersten Pels, a spokesperson for the Republican National Committee. “If anyone else had turned $785,000 into $133.7 million with better returns than Warren Buffett, they’d be retiring behind bars.”
{Matzav.com}
