Pelosi’s wealth grows by 62 percent

by
June 16, 2011

By Kevin Bogardus, The Hill

House Minority Leader Nancy Pelosi (D-Calif.) saw her net worth rise 62 percent last year, cementing her status as one of the wealthiest members of Congress.

Pelosi was worth at least $35.2 million in the 2010 calendar year, according to a financial disclosure report released Wednesday. She reported a minimum of $43.4 million in assets and about $8.2 milion in liabilities.

For 2009, Pelosi reported a minimum net worth of $21.7 million.

Speaker John Boehner (R-Ohio) also remained a multimillionaire. He reported that his minimum net worth in 2010 was close to $2.1 million, with zero liabilities. His 2009 minimum net worth was more than $1.8 million.

Forms disclosing the assets and liabilities of lawmakers for the 2010 calendar year were released Wednesday. The forms give a good estimate of lawmaker wealth, though they show ranges and not precise values for stocks, pension plans, vacation homes and other assets of lawmakers.

Pelosi saw her wealth rise due to some stock gains and real estate investments made by her husband, Paul.

Apple stock owned by Pelosi’s spouse rose from at least $500,000 in 2009 to $1 million in 2010. The minority leader’s husband also took a bigger stake in Matthews International Capital Management — worth at least $5 million last year, compared to $1 million in 2009 — and his investment in some undeveloped residential real estate in Sacramento, Calif., jumped to at least $5 million in value.

Paul Pelosi also has sizable assets in the United Football League, including $1 million in a partnership interest in a Jacksonville, Fla., franchise and $5 million in a partnership interest for the Sacramento Lions.

 

 

2 Comments - what are your thoughts?

  • 2nd Supporter says:

    That report is “investment” income. You should see how and where her husband gets his money. From lucrative government contracts, steered his way! Can you say “Corrupt” ?

  • Larry says:

    You can see why these people are in office. It’s merely to rip off the taxpayer in any way they can.

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