As one of the most powerful personalities occupying one of the most important positions in America’s democratic institution, Nancy Pelosi has been a huge force in Congress since she became the Speaker in January 2019. Apart from being the only and oldest woman to serve as the U.S House of Representatives Speaker, Nancy Pelosi is popular for being an outspoken critic of the Donald Trump administration, a fact that hasn’t won her a lot of friends. While there is plenty to learn about the iconic politician, we will be observing Nancy Pelosi’s net worth this time. Read on!
How Much Is Nancy Pelosi’s Net Worth Now?
Money has always been an important factor in the Congress. This is because Congressmen or women who do not have enough of it have often been tied to the wheel of corporate lobbyists and political donations that ultimately influence their positions and decisions on national issues.
Nancy Pelosi however, counts among US reps whose massive wealth has given them freedom to serve the American people. As of March 2020, Nancy Pelosi’s net worth is pegged at an estimated $140 million. She built this impressive worth from both her salaries from various political positions and other businesses and investments.
As one of the wealthiest Congress personalities, Nancy Pelosi’s net worth has allowed her to advocate for several landmark bills. Among them are the Affordable Care Act, the 2010 Tax Relief Act, American Recovery and Reinvestment Act, Dodd-Frank Wall Street Reform and Consumer Protection Act and many others.
What Is Pelosi’s Salary as The Speaker?
In the United States Congress, the position of the speaker is one of the highest positions a congressperson could hold. In addition to the prestige, comes an increase in financial benefits to the holder of the position.
Nancy Pelosi’s term as the Speaker of the United States House of Representatives which began in January 3, 2019 is her second stint as the Speaker of the House of Representatives, having previously held the position from 2007 to 2011. Nancy is thus, the first in sixty years to hold the position of the U.S House of Reps Speaker twice. She is as well the only and oldest woman to occupy the position.
This second time as a speaker, Nancy Pelocy earns an annual salary of $223,500. On assuming the position, she received a $30,000 paycheck raise (from $193,000). This made her the third-highest salary earner in the United States Government after the President and the Vice President.
Aside from the Speaker position, Nancy has served in the United States Congress for over three decades. All these have contributed to the building of her worth through the years. She initially became elected into the House of Representatives in 1987. Since then, she has served in various positions such as House Minority Whip, House Minority Leader, and a few others.
Pelosi’s constant status in a position of leadership since she joined the US Congress has often meant she earned more than her fellow Congresspeople, earning an average of $89,500. As House Minority Leader, she made an extra $20,000 at $193,400 annually over other representatives who earned $174,000 per annum. In 2014, CRP placed Pelosi at the 8th position in their list of “25 Wealthiest Members of the Congress”.
Nancy Pelosi’s Other Sources of Income and Earnings
Significantly adding to Nancy Pelosi’s salary are her investments in real estate alongside her husband, Paul Pelosi. Nancy and her husband have invested a considerable amount of capital in American real estate. Their investments in high-end commercial estates have the Pelosi family owning multiple properties that are evaluated at over $20 million. These continue to fetch yearly income through rents and sales, and has ultimately boosted the family’s net worth.
According to her recent financial filing, Nancy and Paul have over 40 assets in real estate, stock, and sports teams. One of their major real estate properties, a $5 million California home cum vineyard reportedly yielded between $15,000 and $50,000 in 2017. Nancy and her husband also have stocks in Facebook, Disney, and Apple.
Outside of her income through the family’s investments, Nancy Pelosi’s net worth has also been boosted by various positions she has held in her professional career. She has served as a Board member of several companies and establishments, such as the Kennedy Center, Lead America, Wheelchair Foundation, The Women & Politics Institute at American University, among a few others. She has also served as the CFO and secretary of The Paul & Nancy Pelosi Charitable Foundation.
With her achievements in the US Congress alongside her personal records, Nancy is not only a financial inspiration to everyone but also an inspiration to those who seek a career in governance.