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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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Economy

National Gas Prices Could Hit $6.20 Per Gallon By August

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Gas Prices

National gas prices could surge to well over $6 per gallon by the end of the summer, according to analysts at JPMorgan.

Natasha Kaneva, head of global oil and commodities research at JPMorgan, wrote in a research document that the United States was going to face a “cruel summer” as gas prices are expected to dwarf their already record highs.

“With expectations of strong driving demand — traditionally, the U.S. summer driving season starts on Memorial Day, which lands this year on May 30, and lasts until Labor Day in early September — U.S. retail price could surge another 37% by August to a $6.20/gallon national average,” she wrote.

“Typically, refiners produce more gasoline ahead of the summer road-trip season, building up inventories,” the analysts said. However, over the last month, “gasoline inventories have fallen counter seasonally and today sit at the lowest seasonal levels since 2019.”

The report comes the same week that the United States set a new record for gas prices with the average cost per gallon rising over $4 per gallon in all 50 states for the first time ever, according to a report from the American Automobile Association (AAA).

“The high cost of oil, the key ingredient in gasoline, is driving these high pump prices for consumers,” said AAA spokesperson Andrew Gross. “Even the annual seasonal demand dip for gasoline during the lull between spring break and Memorial Day, which would normally help lower prices, is having no effect this year.”

As explained in the report, “total domestic gasoline stocks decreased by 3.6 million bbl to 225 million bbl last week. Gasoline demand also decreased slightly from 8.86 million b/d to 8.7 million b/d. Typically, lower demand would put downward pressure on pump prices. However, crude prices remain volatile, and as they surge, pump prices follow suit. Pump prices will likely face upward pressure as oil prices stay above $105 per barrel.”

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Nation

Pro-Abortion Extremists Threaten To Burn Down Supreme Court, Murder Justices, DHS Memo Reveals

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Pro-abortion extremists are reportedly threatening to burn down the Supreme Court building and murder justices and their clerks following the leak of a draft of the Supreme Court’s majority opinion intending to overturn Roe v. Wade.

According to a May 13 Department of Homeland Security (DHS) memo obtained by Axios, the “U.S. government is bracing for a potential surge in political violence once the Supreme Court hands down the ruling that’s expected to overturn Roe v. Wade… Law enforcement agencies are investigating social-media threats to burn down or storm the Supreme Court building and murder justices and their clerks, as well as attacks targeting places of worship and abortion clinics.”

The memo says the threats “are likely to persist and may increase leading up to and following the issuing of the Court’s official ruling.”

However, the memo notes that the “mere advocacy of political or social positions, political activism, use of strong rhetoric, or generalized philosophic embrace of violent tactics does not constitute domestic violent extremism or illegal activity and is constitutionally protected.”

A DHS spokesperson told Axios that the department “is committed to protecting Americans’ freedom of speech and other civil rights and civil liberties, including the right to peacefully protest.”

“[The] DHS is also committed to working with our partners across every level of government and the private sector to share timely information and intelligence, prevent all forms of violence, and to support law enforcement efforts to keep our communities safe,” the spokesperson added.

Earlier this month, a draft of a Supreme Court’s majority opinion that would overturn Roe v. Wade was leaked to Politico.

In the draft, Justice Samuel Alito writes that “Roe and Casey must be overruled. The Constitution makes no reference to abortion, and no such right is implicitly protected by any constitutional provision, including the one on which the defenders of Roe and Casey now chiefly rely—the Due Process Clause of the Fourteenth Amendment.”

Roe was egregiously wrong from the start,” Alito added. “Its reasoning was exceptionally weak, and the decision has had damaging consequences. And far from bringing about a national settlement of the abortion issue, Roe and Casey have enflamed debate and de

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