Silk Summary:
When will our lawmakers pass a bill that states there is NO trading stocks for themselves or family members while serving in Congress/Senate!
Look at Nancy Pelosi and her husband. She doesn’t own stocks, so it is listed, but her and her husband’s wealth keeps climbing primarily due to their stock portfolio!
“Rep. Nancy Pelosi(D-California) and her husband, Paul Pelosi, have seen their net worth skyrocket in 2024, dramatically surpassing the stock market by a long measure with a staggering 54% return.
The Pelosi’s have amassed investment gains that significantly outperform the top hedge funds and the S&P 500. According to The New York Post, the couple’s net worth surged to $413 million from their 2023 net worth of $370 million.
This $413 million is primarily due to Pelosi and Paul’s diverse business ventures, which include a Napa Valley winery, ownership in a political data and consulting firm, as well as a stake in a high-end Italian restaurant in the Bay Area. However, the lion’s share of their wealth is attributed to a massive stock portfolio and astute trading.
It was estimated by Bloomberg’s end-of-year tally of hedge fund returns that Pelosi and Paul’s investment portfolio has more than doubled the S&P 500’s 25% gain, rewarding them with a return of 54% in 2024.
All of the investments have reportedly been made in Paul’s name, and a spokesperson told The Post, “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”
Last July, Paul dumped 5,000 shares of Microsoft stock, valued at an estimated $2.2 million, just a few months before the FTC announced an antitrust investigation into the tech company. He also sold 2,000 shares of Visa stock, worth roughly $525,000, just a few months before the credit company landed itself in a major DOJ monopoly lawsuit. In late 2023, the couple further paid roughly $2.4 million for 50,000 shares of AI chip stock NVDIA, a number that is now more akin to $7.2 million.” By Baila Eve Zisman
