Nancy Pelosi, who is the first highest-ranking female elected official in the history of the United States, has an estimated net worth of $114 million. She has made a name for herself in politics over several decades, having begun her career in the 1960s. She became a member of the United States House of Representatives in the year 1987 and then emerged as the first woman to lead a party in 2003. A trendsetter, the Maryland-born politician became the first female speaker of the US House of Representatives in the year 2007.
For more than four decades she has been in politics, Nancy Pelosi has been earning tons of dollars in salary from which she has built her net worth, becoming a multi-millionaire. Not only has Pelosi gained a reputation for her political achievements, but she has also gained mainstream media attention for her love for high-end fashion clothing and shoes. Now, let’s have a sneak peek at how the prominent political figure has accumulated her astounding fortune which affords her a luxury designer wardrobe.
Nancy Pelosi Earned a Portion of Her Net Worth From Her Decades-long Political Career
Nancy Pelosi comes from a renowned family of Democrats. Her father, Thomas D’Alesandro Jr., served in the United States House of Representatives, representing Maryland. He was also the Mayor of Baltimore in 1947. Her brother, Thomas D’Alesandro III, also served as the Mayor of Baltimore from 1967 to 1971. As such, it’s no surprise that Nancy was bitten by the bug of politics at an early age. She was assisting her dad in his campaign events during her childhood. She eventually set the foundation for her career in politics by earning a Bachelor of Arts degree in Political Science from Trinity College, Washington D.C. in the year 1962.
Pelosi later began her career in the mid-1960s, working as an intern for Senator Daniel Brewster. Afterward, she relocated to San Fransico, California where she got acquainted with the eminent Democrat, Philip Burton, who was at the time the 5th district congressman. With his influence, the Maryland native started climbing the ladder in the Democratic party. In 1976, she became a member of the Democratic National Committee and held onto the role for twenty years. By 1977, Pelosi got elected as the party chairperson for Northern California. She was also later elected the chair of the California Democratic Party in 1981. Three years later, Nancy emerged as the chairwoman of the San Fransico Democratic National Convention Host Committee. From 1985 to 1986, she served as the finance chair of the Democratic Senatorial Campaign Committee.
Following the death of Burton, his wife succeeded him as a House Representative of the 5th district. She then chose Nancy Pelosi as her successor before passing away a month after she was sworn in for a second full term in 1987. Consequently, Nancy Pelosi began her long-spanning career as a member of the Congress in June 1987. She has represented three districts throughout her political career; the 5th district (1987-1993), 8th district (1993-2013), and 12th district (2013-present).
The prominent politician led the House Democrats for the first time as a minority leader from 2003 to 2007. She then emerged as the first and only woman, as well as the first Californian and Italian-American, to serve as a speaker in the history of the United States in 2007. But after losing to the Republicans, she moved back to her role as House minority leader and served in that position from January 3rd, 2011 to January 3rd, 2019.
Pelosi has since become speaker again, serving as the 52nd Speaker of the United States House of Representatives and the first former speaker to be reelected in over 6 decades. She began her fourth term as the House speaker on January 3rd, 2021. Since 2003, Pelosi has been serving as the leader of the House Democratic caucus and is presently in her 18th term as the dean of the congressional delegation in California.
She is The Sixth Richest Member of The House of Representatives
According to the report by the nonpartisan Center of Responsive Politics in 2018, Nancy Pelosi had a minimum net worth of -$12,825,949 and a maximum of $242,150,991, with her average net worth estimated at $114,663,521. As a result, she emerged as the 6th richest member of the House of Representatives, behind Greg Gianforte, Paul Mitchell, Vernon Buchanan, Chris Collins, and Don Beyer. With the same average net worth, Pelosi is the 7th wealthiest member of the United States Congress as of 2018, as Senator Mark Warner takes the top spot with an average net worth of $214.1 million.
Pelosi did not recently start ranking as one of the wealthiest in Congress. In 2009, she was ranked the 13th richest member of Congress by the Center for Responsive Politics (CRP) with an estimated average wealth of $58,436,537. Later in 2014, her estimated average net worth passed the 100 million mark as she was reported to have amassed $101,273,023 on the average and a maximum wealth of $192,784,988.
Nancy Pelosi Has Millions of Dollars in Real Estate Investments and Stock Holdings
In the past years, the elite political personality and her husband, Paul Pelosi, have invested their wealth in real estate, stock, and partnership business ventures. They have shares in companies such as Facebook, Disney, Comcast, Shutterfly, Microsoft, Apple, and Roblox Corp. This is not surprising as her husband is a real estate investor and venture capitalist.
Nancy Pelosi and her husband’s real estate assets are reportedly worth at least $14.65 million. They have a home and also a vineyard in California that is worth between $5 million and $25 million. From grapes sales, the couple racks up their total wealth with earnings between $100,001 and $1 million.
Is Pelosi Worth More Than Her Venture Capitalist Husband?
For 34 years, Nancy Pelosi has served as a member of the United States Congress. In this time, for 18 years, she has held the position of minority leader and speaker of the House of Representatives. During such time, she earned an annual salary of $193,400 as a minority leader and $223,500 as a speaker. For the remaining 16 years she served as a member of the House, Pelosi pocketed $89,500 in salary.
In addition to earning massive salaries for her roles in the political scene over the years, Nancy Pelosi has augmented her net worth through joint ventures with her husband. Besides the joint businesses, Paul Pelosi has made his own wealth by acquiring office buildings in San Franciso, as well as commercial properties around California. He purchased a professional football team, California Redwoods, in the year 2009, although the team’s football league – United Football League is now defunct. More so, he serves as the owner of a real estate and venture capital investment and consulting firm, Financial Leasing Services, Inc.
From a recent financial disclosure of the couple, it was discovered that the two have a combined net worth estimated between $43 million and $202 million, though they have over $10 million in liabilities which include mortgages on seven properties.
Highlights of Nancy Pelosi’s Sources of Income
- Political career
- Real estate investments
- Stock holdings
- Business partnerships
The Celebrated Politician Has Received Numerous Honors and Awards
For her remarkable exploits in the political arena for several decades, Nancy Pelosi has been recognized with several accolades. Here’s a list of them;
- Foremother Award from National Center for Health Research, 2016.
- National Women’s Hall of Famer in 2013.
- Barbara Walters’ Most Fascinating Person of the Year, 2006.
- Appointed Knight Grand Cross of the Order of Merit of the Italian Republic in June 2007
- Appointed Grand Cordon of the Order of the Rising Sun in Japan in April 2015.
- Mount Holyoke College honored Pelosi with an honorary Doctorate of Law Degree in May 2018.
- Multiple appearances on Forbes’ list of the 100 Most Powerful Women in The World. She ranked 3rd and 7th in the 2019 and 2020 lists, respectively.
- Named among the 100 Most Influential People by Time Magazine in 2019.