Nancy Pelosi's Wealth Just Keeps Growing

Categories: Politics
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What the hell does she know about being broke?
While the rest of us have been languishing in what seems like a never-ending recession, one of top San Francisco lawmakers just keeps getting richer.

Congresswoman Nancy Pelosi's (D-San Francisco) personal wealth grew by 62 percent over the last year, making her one of the richest  politicians on Capitol Hill.

According to Washington news outlets, Pelosi is now worth some $35 million as of 2010, up from her net worth of $21 million in 2009. Pelosi reported $43.4 million in assets and about $8.2 million in liabilities.

To put that into context, House Speaker John Boehner (R-Ohio) is worth a measly $2.1 million.

So how is it that this wealthy pol keeps getting wealthier while unemployment remains at a staggering high? It seems the Minority House Speaker's husband, Paul, got lucky with some rising stocks and real estate investments that are paying off.

According to media outlets, Apple stock owned by her husband rose from $500,000 in 2009 to $1 million in 2010. He also invested more money in Matthews International Capital Management, which reportedly jumped from being worth $1 million in 2009 to $5 million in 2010. His other real estate investments in Sacramento also shot up to $5 million, according to The Hill.

Meanwhile, more than 2.5 million Californians, including Pelosi's constituents, don't have enough money to buy food.

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mrs. L
mrs. L like.author.displayName 1 Like

gaining 14 million in one year.  on a 180thousand/yr salary.    arrest her.  that is so illegal.  talk about racketeering.  the idiots in her district are being moronic.  senate has a 9% approval rating....the zionists are rigging the elections as everyone can see.  9% approval rating and win 94% of re-elect bids.   See what I mean.  It's mathematics my deer watson. possible, if it was one time thing, sure.  but yearly....no way in hell.   these people are spending twice what they bring in.  now that things are bad, they are breaking this country just so the bankers can buy this whole damn country for peanuts.  their media cnn and the rest, put their con men out their to lie and make it look like they just make dumb decisions.  People!!!  wake up dummies.  it is robbery.  not stupidity.  You guys are the stupid ones falling for it over and over.  Good grief.  Call your senator rep or pres. and tell them we know they are criminal and confess and get a plea deal, nevermind, with holder as a.g. the crooks have a free reign. 

Art
Art like.author.displayName like.author.displayName 2 Like

This is a good article where 60 Minutes looks at Nancy: http://blogs.sfweekly.com/thes... shows how wealthy Nancy is.  Her Federal Financial Disclosure Statement shows her Net Worth BETWEEN...they are allowed to bracket to confuse the truth...a NEGATIVE $7 million to a POSITIVE $124 million....BIG SPREAD.  She is either deep in debt or very wealthy.  She is either a liar or a terrible financial manager.  Either way, I don't want her having any control over my tax money.http://www.opensecrets.org/pfd...

Gregory Jensen
Gregory Jensen like.author.displayName like.author.displayName 2 Like

Now we know why the Dem's are supporting the occupy Wall Street useful idiots all over the country, that way they divert attention away from their own wealth and vilify other people who have worked hard and earned their money . Since politians write laws, they know well in advance who will win & who will lose and can benefit from the laws they impose on the rest of us, while exempting themselves.

MojaveJim
MojaveJim like.author.displayName like.author.displayName 2 Like

We are such fools for voting these clowns in, shame on us.

alternative investments san fr
alternative investments san fr

  •       Hi, I’ve been a lurker around your blog for a few months. I love this article and your entire site! Looking forward to reading more!

sfsoma
sfsoma

No surprise.  Elites protect Elites. Nancy and hubby are oligarchs that behave like benevolent monarchs.  They've even trained their children and grandchildren to be the same.

Enough
Enough

Well done. My all time favorite savvy investor is Senator Feinstein:http:(slash slash)en.wikipedia{dot}org/wiki/Dianne_Feinstein

"In 1980, Feinstein married Richard C. Blum, an investment banker. In 2003, Feinstein was ranked the fifth-wealthiest senator, with an estimated net worth of $26 million.[6] By 2005 her net worth had increased to between $43 million and $99 million.[7] Her 347-page financial-disclosure statement[8] – characterized by the San Francisco Chronicle as "nearly the size of a phone book" – draws clear lines between her assets and those of her husband, with many of her assets in blind trusts.[9]"

How did this happen? The NY Times speculated:http:(double slashes)topics.nytimes(period)com/top/reference/timestopics/people/f/dianne_feinstein/index.html

"In January 2007, an article in the Metro, a free Bay Area weekly, charged that she had used her position as ranking minority member on the Military Construction Subcommittee to steer contracts to firms owned by her husband. URS Corp. had received $1.8 billion in defense contracts and Perini Corp. $200 million, but Feinstein said she had sought advice from the Ethics Committee on the matter and followed it."

The San Diego Times had some theories:"Feinstein denies helping husband's firmsReview cannot find evidence to contraryBy Marcus Stern and Finlay LewisCOPLEY NEWS SERVICEJuly 1, 2007WASHINGTON – During much of the time that Sen. Dianne Feinstein was a leader on the Senate subcommittee overseeing the Pentagon's military construction budget, her husband was heavily invested in companies holding hundreds of millions of dollars in contracts generated by the subcommittee's activities....During the five years that Feinstein was either chairwoman or senior Democrat on the subcommittee, her husband, financier Richard C. Blum, held substantial interests in URS Corp. and Perini Corp., whose military construction contracts during that period were worth a combined $1.5 billion.Specifically, URS had $792 million in military construction and environmental cleanup contracts, and Perini had contracts worth $759 million. The figures came from Eagle Eye Publishers, a commercial provider of federal procurement data. Feinstein and Blum have not disputed the figures."

The Washington Times speculated:

Senator's husband cashes in on crisis Feinstein sought $25 billion for agency that awarded contract to spouse By Chuck Neubauer THE WASHINGTON TIMES | Tuesday, April 21, 2009  v On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms. 

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