Rep. Nancy Pelosi (D-Calif.) And her husband, venture capitalist Paul Pelosiexperienced a significant increase in their assets in 2024.
What happened: The net value of the pelosis could now be as high as $ 413 million, an increase in a possible $ 370 million in 2023. The exact figure is unknown because legislators only have to reveal.
Market research agency Quiver Quantitatively estimated the 2024 of the couple at $ 257 million, an increase of $ 26 million compared to the previous year. The value of their various companies, including a winery of Napa Valley and an interest in an Italian restaurant in Bay Area, could push Pelosi’s value much higher.
According to the report Through The New York Post, a considerable part of their wealth comes from an important share portfolio and well -timed transactions, mainly in the name of Paul Pelosi.
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In particular the couple sold 5,000 shares of Microsoft Corp. MSFT The value of an estimated $ 2.2 million shortly before the Federal Trade Commission announced an antitrust investigation into the technology giant.
Despite a few setbacks, their investment portfolio delivered an estimated 54% return in 2024, which performed better than the 25% profit of the S&P 500 and the surpassing of each large hedge fund, according to the end of the year of Bloomberg.
Why it matters: The financial success of the Pelosi pair comes at a time when there are more and more calls to ban congress members to trade individual shares. Critics claim that legislators have access to information-moving information for the public.
Pelosi has previously rejected these calls, but recently softened her attitude. This change in attitude may affect future trading activities of legislators, and possibly even their assets.
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