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Pelosi’s $115 Million Net Worth Comes Primarily From Big Tech Companies She Regulates

Fancy Nancy makes an awful lot of money for someone who has been a lifelong politician

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Nancy Pelosi

United States Speaker of the House, Nancy Pelosi, makes an awful lot of money for someone who has been a lifelong politician. According to the Pulitzer Prize-winning journalist Glenn Greenwald, Pelosi’s personal wealth has gone from roughly $41 million in 2004 to $115 million currently.

Greenwald’s investigation show Pelosi has made an incredible amount of wealth in the stock market on the Silicon Valley companies she regulates. Nearly 75 percent of Pelosi and her husband’s stock trading in only the last two years has been in Big Tech.

Specifically, the couple has mostly traded Apple, Amazon, Microsoft, Facebook and Google stock, according to publicly available information. In his piece on Substack, Greenwald writes Google is also one of Pelosi’s top donors.

“She works on bills that directly affect the future trajectory of Google. And they lavish her campaign coffers with cash, a key source of her entrenched power” wrote Greenwald. Campaign finance data shows Google is one of her top donors, the very company which she has made millions trading their stock.

There are also reports that Pelosi often holds meetings with CEOs of tech giants the U.S. Congress is supposed to regulate, such as Apple CEO Tim Cook. Apple was roughly 17 percent of Pelosi’s trading volume.

Business Insider reported that when the Biden administration was preparing to enact legislation to benefit electric vehicle companies back in January, Nancy’s husband Paul bought 25 call options on shares in Tesla, Elon Musk’s electric vehicle company.

In March, Paul Pelosi purchased millions worth of Microsoft and Roblox shares in March, reported Fox Business. Conveniently the purchase was made right as Bill Gates’ company “secured a lucrative government contract worth nearly $22 billion to supply U.S. Army combat troops with augmented reality headsets.”

Greenwald says Pelosi is not necessarily doing anything illegal because there is no proof they have acted on non-public information or engaged in insider trading. However, “the ethical stench is obvious” noting “watching Nancy Pelosi’s wealth skyrocket by millions of dollars from trades in the very companies she is directly overseeing creates a sleazy appearance, to put that mildly.”

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6 Comments

6 Comments

  1. Satisha T Dew

    July 20, 2021 at 9:27 am

    I cannot even believe how passive Conservatives have been for some years in Washington DC to allow this kind of corruption to slide with Democrats……it’s DISGUSTING what all they get away with! THEY are the ones making dirty money and not paying their taxes! Saul Alinsky technique…..blame the opposition for what YOU are doing so THEY look like the bad guys! How did we ever get so spineless to let this continue? America needs the TRUTH and seek RIGHTEOUSNESS!!

  2. Karen Stromberger

    July 20, 2021 at 9:50 am

    Ok, there was an “investigation “”! Big damn deal! We learn all these things about corrupt politicians but no one is held accountable. They just go on their merry way piling up money and ruining the lives of the taxpayers who pay their salaries! Disgusted with them all! Why do people keep voting for them over and over? Stupid voters!

  3. Jeff

    July 20, 2021 at 10:20 am

    Pelosi is insider trading!!! They ALL insider trade in congress!! It’s no secret!!

  4. Timothy J Kliner

    July 20, 2021 at 11:07 am

    Well can you just imagine that???

  5. IraMad

    July 20, 2021 at 11:28 am

    C O R R U P T I O N has been Pelosi’s forte since the beginning.

  6. R

    July 20, 2021 at 3:51 pm

    Pelosi’s a Pig at the Trough as many other likeminded clueless and disgusting Dems. this time around. Will it ever change? Judging history.
    …. Don’t hold your breath

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Nation

Doocy Stuns Psaki With Line Of Questioning She Wasn’t Expecting

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Jen Psaki

Fox News reporter Peter Doocy asked White House Press Secretary Jen Psaki about President Biden’s support of the Texas Democrats who fled Texas to block the vote on election security legislation.

“About voting rights and these Texas lawmakers who have come to Washington,” Doocy began, “do you know… of any examples from his 36 years in the Senate that Joe Biden just hopped on a train and left town to avoid a vote that he knew he was going to lose?”

Thinking it was funny, Psaki laughed, and said, “Welcome back.”

“Look,” she continued. “I think that the president’s view is that these Texas legislators were making a statement through action in opposition to efforts in their state to oppose restrictions on people’s fundamental rights and their rights to vote in their state.”

“That is why they departed. The vice president met with these legislators yesterday and the vice pres — and the president, I should say — certainly applauds their actions and their outspoken opposition to efforts to put in place restrictive measures in their state,” she added.
Doocy responded, “And maybe it is funny to think about it that way, but the president is talking about this as the most serious assault on our democracy —”

“I don’t think anything about this is funny,” Psaki said as she held back laughter. “I think what is important to note, though, here is that there are 28 states, including Texas, where there are laws in place or in the process to make it harder to vote and it requires bold action. It requires bold voices to speak out against that and make sure people understand their rights.”

“That’s exactly what’s happening here,” she said.

In Texas, where Democrat former President Lyndon B. Johnson won his 1948 Senate race by stealing the election through voter fraud, there were two bills to be voted on that would expand early voting hours while also putting in place restrictions to prevent voter fraud.  To block the ability for these bills to be voted on, Texas Democrat lawmakers hopped on private jets and left the state.

“Private planes carrying more than 50 Democrats left Austin for Dulles International Airport midafternoon, skipping town just days before the Texas House of Representatives was expected to give early approval to sweeping new voting restrictions in a special legislative session,” The Associated Press reported. “The numbers meant the House would not have enough lawmakers in attendance to conduct business and could not, at least for now, vote on the bill.”

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Nation

Psaki: Election Security Laws Are ‘The Worst Challenge To Our Democracy Since The Civil War’

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Jen Psaki

On Monday, White House Press Secretary Jen Psaki said the election security laws being passed in various states are “the worst challenge to our democracy since the Civil War.”

Psaki made the claim after a reporter asked her what President Biden will do to resist the efforts by Republicans to ensure more secure elections.

“He’ll lay out the moral case for why denying the right to vote is a form of suppression and a form of silencing and how he will use, he will redouble his commitment to using every tool at his disposal to continue to fight to protect the fundamental rights of Americans to vote against the onslaught of voter suppression laws,” Psaki said.
Psaki added, “He’ll also decry efforts to strip the right to vote as authoritarian and anti-American and stand up against the notion that politicians should be allowed to choose their voters or to subvert our system by replacing independent election authorities with partisan ones.

“And he will highlight the work of the administration against this, the necessity of passing the For The People Act and the John Lewis Voting Rights Advancement Act and how we need to work together with civil rights organizations to build as broad a turnout and voter education system to overcome the worst challenge to our democracy since the Civil War,” Psaki said.


The election security laws have been
ruled by the Supreme Court to “not result in minorities having unequal access to the political process,” creating a clear distinction between the laws passed by Republicans to ensure more secure elections and the Jim Crow laws passed by Democrats with the goal of suppressing the ability of minorities to vote.

Psaki’s comments come after Vice President Kamala Harris made a demeaning comment towards rural Americans in an argument against voter ID laws, claiming it was “almost impossible” for rural Americans to make photocopies of their IDs.

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