Nancy Pelosi's Wealth Just Keeps Growing
|What the hell does she know about being broke?|
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.