….she uses her political status – quite possibly adjusting her positions on issues and/or their timing – to make, and exponentially build upon, her personal fortune.
From Gabrielle Fahmy’s article for the New York Post:
Rep. Nancy Pelosi (D-California) raked in between $7.8 and $42.5 million in 2024 — meaning her estimated net worth with venture capitalist hubby Paul Pelosi could now top out at $413 million, new financial disclosures showed.
The staggering sum is an eye-popping jump from 2023, when financial disclosures showed the couple’s net worth topping out at a possible $370 million.
A large chunk of the couple’s fortune has come from a sizable stock portfolio and timely trades, all done in Paul Pelosi’s name.
The former House Speaker, who’s so infamous for trading Missouri Rep. Josh Hawley named a bill after her, and her husband dumped 5,000 shares of Microsoft stock worth an estimated $2.2 million in July — one of their largest sales in three years — a few short months before the FTC announced an antitrust investigation into the tech giant.
They also sold 2,000 shares — worth an estimated $525,000 — of Visa stock, less than three months before the credit card company was hit with a DOJ monopoly lawsuit.
Their best trade though might have been exercising a call option in December they bought in late 2023 at an estimated premium of $1.8 million, allowing them to nab 50,000 shares of hot AI chip stock NVIDIA for $12 a pop — less than one tenth of its market price.
In total the couple paid an estimated $2.4 million for the investment, which on paper is now worth more than $7.2 million.
NVIDIA wasn’t their only AI play of 2024.
The couple also paid between $600,000 and $1.25 million for a call option on California cybersecurity company Palo Alto Networks in February, the same week it was revealed the White House briefed lawmakers on a serious national security threat related to Russia.
The shares rose close to 20% in the days after the move.
Does this series of extremely timely/hugely profitable trades have an aroma? Like one so strong I can smell it from D.C. all the way to New Jersey?
But…you can count on Democrats, who find, or invent (usually the latter), something wrong with anything Donald Trump did or didn’t do to make any money in any venture, to fully investigate, right?
Uh…….right???
Yeah, sure.
