Pelosi added millions to net worth last year: report
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.
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4 The Pelosi's added between $7.8 and $42.5 million to their net worth in 2024.
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Pelosi's exact net worth is not known because lawmakers are only required to disclose ranges.
Market research firm Quiver Quantitative, which estimates a single figure based on daily stock values it tracks, placed the pair's 2024 worth at $257 million — up $26 million from a year earlier.
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But the value of their various other ventures — which include but are not limited to a Napa Valley winery, ownership in a political data and consulting firm and a stake in a Bay area Italian restaurant — mean Pelosi's worth could be far higher in the estimated range.
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.
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4 Some have nicknamed Pelosi the 'Queen of Stocks.'
Getty Images for The Museum of Contemporary Art (MOCA)
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.
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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.
4 A bill aiming to ban lawmakers and their spouses from trading individual stocks was named 'The PELOSI Act.'
Jack Forbes / NY Post Design
The option allowed the pair to scoop up 14,000 shares of Palo Alto in December at a $100 strike price — half its trading value. The company has been crushing earnings over the past year and the investment is now worth around $2.8 million.
But the Queen of Stocks did suffer one setback — when she and Paul Pelosi ditched 2,500 shares of former Department of Government Efficiency boss Elon Musk's Tesla in June, losing somewhere between $100,000 and $1 million on the trade.
In all, their investment portfolio pulled in an estimated 54% return in 2024, more than double the S&P 500's 25% gain — and beating every large hedge fund, according to numbers in Bloomberg's end-of-year tally of hedge funds' returns.
4 Pelosi and her good fortune have been at the center of arguments about why Congress shouldn't be allowed to trade stocks.
Ron Sachs – CNP for NY Post
The formidable profits come amid growing calls to ban Congress from trading individual stocks, arguing lawmakers have access to market-moving information ahead of the public.
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Pelosi in the past rejected calls for a ban, stating 'we're a free‑market economy.'
She has since softened her stance in the face of growing criticism. When asked in May whether Congress should pass a trading ban, she replied, 'If they do, they do.'
'Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,' a spokesperson told The Post.
The couple is already off to a rocking 2025.
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In January, they bought call options for then-little-known artificial intelligence health firm, Tempus AI, which has since inked a $200 million deal with AstraZeneca and doubled its stock price.
The couple also took out call options for energy company Vistra — whose stock climbed last month after it unveiled a massive $1.9 billion deal to acquire natural gas facilities across the country from a private equity firm, citing rising US power demand.
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