Rep. Nancy Pelosi and her husband, venture capitalist Paul Pelosi, reported earnings in 2024 ranging between $7.8 million and $42.5 million, according to newly released financial disclosure forms. Based on these filings, the couple’s estimated net worth could now reach as high as $413 million.
This marks a significant increase from the previous year, when their net worth was estimated to top out at around $370 million, indicating a strong financial upswing over the past twelve months.
Precise figures remain unclear, however, as members of Congress are only required to disclose assets and income within broad ranges.
Quiver Quantitative, a market data firm that provides projected valuations based on real-time stock activity, estimated the Pelosis’ total 2024 net worth at approximately $257 million—an increase of $26 million compared to 2023.
However, the couple’s true financial standing could be considerably higher, as they hold stakes in various ventures beyond stocks, including a Napa Valley vineyard, a political consulting company, and ownership in a popular Italian restaurant in the Bay Area.
A major portion of their wealth has come from carefully timed stock market trades made under Paul Pelosi’s name.
Nancy Pelosi, who has become so associated with market activity that Rep. Josh Hawley of Missouri once named legislation after her, and her husband sold 5,000 shares of Microsoft in July, generating an estimated $2.2 million just before the FTC announced an antitrust probe into the company.
They also unloaded 2,000 shares of Visa, worth about $525,000, less than three months prior to the Justice Department launching a monopoly lawsuit against the credit card company.
Their most lucrative trade, however, may have been in December when they exercised a call option purchased in late 2023 for an estimated $1.8 million. This deal allowed them to acquire 50,000 shares of NVIDIA at just $12 per share—less than 10% of the market value at the time.
Their total investment of approximately $2.4 million is now valued at over $7.2 million on paper.
NVIDIA wasn’t their only artificial intelligence-related trade in 2024.
That February, they purchased call options on cybersecurity firm Palo Alto Networks, investing somewhere between $600,000 and $1.25 million. The timing coincided with a classified White House briefing to lawmakers regarding a serious Russian national security threat.
Shares of Palo Alto Networks jumped nearly 20% shortly after.
That trade gave the couple the right to buy 14,000 shares at $100 apiece—roughly half the market value at the time. With the company’s earnings continuing to surge, the holding is now worth around $2.8 million.
However, not all trades were wins. In June, the Pelosis sold 2,500 shares of Tesla, a company led by Elon Musk, reportedly taking a loss estimated between $100,000 and $1 million.
Altogether, their investment returns in 2024 hit an estimated 54%, more than doubling the S&P 500’s 25% gain and outpacing every major hedge fund tracked by Bloomberg’s annual performance rankings.
These substantial gains have reignited debate over whether members of Congress should be permitted to trade individual stocks, given their access to sensitive, market-moving information.
Pelosi previously opposed such restrictions, arguing that “we’re a free‑market economy.”
In recent months, however, she has appeared less resistant to reform. When questioned in May about a potential ban on congressional stock trading, she said, “If they do, they do.”
A spokesperson told The Post, “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”
The Pelosis’ strong investment streak has already carried into 2025.
In January, they bought call options in Tempus AI, an artificial intelligence healthcare company that has since signed a $200 million deal with AstraZeneca and seen its stock price double.
They also acquired call options in Vistra, an energy company whose shares surged after it announced a $1.9 billion purchase of natural gas assets from a private equity group, citing a sharp rise in U.S. electricity demand.
{Matzav.com}