Paul Pelosi is known in America and beyond as a brilliant businessman who has amassed a lot of wealth over the years from his entrepreneurial efforts and a vast investment portfolio that is paying off handsomely. He has spent decades in the private sector, putting his hands and money into several industries across the board and his hard work has been rewarded with immeasurable success, power, and fame.
Paul has mostly established himself in the real estate business. He founded his own venture capital investment, consulting, and real estate many years ago and the company is called Financial Leasing Services, Inc. The staunch businessman has also been a key stakeholder in the world of sports as he invested in Oakland Invaders, an American football team that competed in the United States Football League. Paul took things a step further by buying the Sacramento Mountain Lions, another football club in the same league. The club ceased to exist in 2012 when it was disbanded.
Who is Paul Pelosi and How Old is He?
The extensiveness of Paul’s business dealings cannot be overstated. His experience has led to him holding positions on various corporate and philanthropic boards. He served as the chairman of the Foreign Service Board in Georgetown for a while before moving on to other pursuits. He is also known as the husband of the fierce and dedicated career politician, Nancy Pelosi, who is the 52nd and current speaker of the U.S. House of Representatives.
Paul Pelosi was born in San Francisco on the 15th of April 1940. There is very little information available about his parents, early education, and childhood. However, he has a brother named Ronald Pelosi, who like him is also an avid businessman. After completing his high school education, Paul went off to Georgetown University where he studied Foreign Service. He would later end up at New York University’s Stern School of Business as well as the Harvard Business School, where he picked up the knowledge that has shaped him into the formidable businessman he is today.
Over the years, Paul has gone from one business to the other, investing in multiple ventures that he found potential in. He has built his company, Financial Leasing Services, Inc from the ground up into a viable and thriving business worth millions of dollars. He poured money into the Oakland Invaders football team, but the club eventually went out of operations in 1985. His next move was the buying of the California Redwood for $12 million in 2009. The club later changed its name to the Sacramento Mountain Lions after it relocated to Sacramento. Unfortunately, the team folded up in 2012 as a result of financial troubles and Paul ended up losing about $5 million because of it.
In 2009, the revered business mogul was appointed by his alma mater, Georgetown, to serve as the chair of the Foreign Service Board. Similarly, he has received other appointments to board positions in several companies and philanthropic organizations. Paul has invested far and wide and his stocks portfolio includes holdings in Apple, Comcast, Walt Disney, Facebook, Shutterfly, and Russell Branch LLC. Paul Pelosi has many real estate holdings which bring in considerable sums to the tune of millions of dollars annually and have helped to increase his financial value even further.
His Wife and Children
Paul Pelosi met his wife-to-be, Nancy Patricia D’Alesandro while she was still in college. It didn’t take them long to grow fond of each other and decide to take things to the next step. The pair got married on September 7, 1963, in a beautiful ceremony that took place at the Cathedral of Mary Our Queen in Baltimore, Maryland. Shortly after tying the knot, they moved to New York, then again to San Francisco.
Nancy is the highest-ranked female politician at the congressional level and she has spent most of her life laying the foundation for what she is today. The Democratic Party member is one of the most powerful politicians in the entire United States. Since she first got elected in 1987, Nancy has held various positions in Congress before finally being elected House Speaker on January 3, 2019, making history as the first woman to hold this position. She is second in line to succeed the presidency after the vice president.
The real estate magnate and his powerful politician wife have five children together. All their children were born within six years and are named Nancy, Christine, Jacqueline, Paul Jr., and Alexandra. Paul Pelosi and Nancy’s children are all successful and doing excellently in their various professions. Nancy Corinne attended Mount Vernon College and serves as director of sales at Fairmont Hotel in San Jose, California. Her husband is Theodore Jefferey Prowda Jr.
Their daughter Christine works as a political strategist for the Democratic Party and is also an author. She graduated from Georgetown University where she studied Foreign Services like her father. She is Married to Peter Kauffman. Jacqueline is Paul’s third daughter and child. She also attended Georgetown University and works at Gourmet Magazine as the promotions coordinator. Her husband is Michael Terence Kenneally.
Paul Jr. is an alumnus of Georgetown University as well, and he is employed at Oroplata Resources where he serves as a senior adviser to all kinds of companies on a plethora of issues ranging from investment to business management. The baby of the Pelosi family is Alexandria who works as a documentary film producer, writer, and journalist. Her husband is Michiel Vox. Altogether, the Pelosi children have given Paul and Nancy nine grandchildren.
Paul Pelosi’s Net Worth
Paul Pelosi’s adventures in business have earned him a lot of wealth. He has diversified sources of income which have all contributed to his financial standing. The businessman is said to be worth about $100 million, but this estimate has not yet been confirmed and many argue that his net value far surpasses that.