Photo Credit: Vice Pres. . But today, while maintaining Romney should release more documents because of. 2023 FOX News Network, LLC. Icon/Email 1 Pelosi listed between $42.4 million and $199.5 million in assets in 2013, which was enough to make her the richest member of House leadership from either party. (AP Photo/J. Nancy Pelosi Status: Member State/District: CA12 filing information filing type: Annual Report filing year: 2019 filing Date: 08/13/2020 ScHeDule a: a SSetS anD "u nearneD" i ncome asset owner value of asset income type(s) income tx. Members of Congress would also be required to file financial disclosures electronically, . All rights reserved. name: Hon. You have JavaScript disabled. The numbers don't add up"). Scott Applewhite). "That year, her financial disclosure report revealed a net worth of over $114 million. Today, the President and Vice President released their public financial disclosure reports. View the Vice Presidents financial disclosure report here. (AP Photo/J. Several such measures have been introduced this session of Congress, though some of the proposals contain a loophole that would allow congressional spouses, like Paul Pelosi, to continue making stock trades. The claim that House Speaker Nancy Pelosi is worth more than $196 million while working on a $193,000 salary is FALSE. Market data provided by Factset. He made $1,149,402 in salary from Citigroup, not including an additional $750-$1.25 million in Citigroup stock. Our fact check work is supported in part by a grant from Facebook. Mr. Pelosi exercised options on Google's parent company, Alphabet, making an easy $5.3 million.". Small Individual Contributions (< $200): 49.16%, Open Secrets following the money in politics, Now showing data for the 2022 election cycle for the I, The organizations themselves did not "If the situation is that the public has lost so much trust in government that they think the stock trades of members are based on corruption, and that [following that] corruption could benefit [them]. She received six figure salaries through her consulting firm Granholm Mulhern Associates and though she promised to stop her consulting work, her husband will continue to manage investments through it. Call with Prime Minister Benjamin Netanyahu of Israel, Readout of President Joseph R. Biden, Jr. Su was previously the Labor Secretary of California, one of the most pro-worker states in the country, and sits on the board of the Worker Rights Consortium and other state labor agencies. Twitter. He has also consulted for or spoken in various capacities to powerful organizations like Google, PWC, UBS, AirBnb, Netflix, and the Business Roundtable. Still Josephs views trades by federal lawmakers as "smart money" worth following and plans to track a large variety of politicians. State requirements related to itemization thresholds and employment disclosures vary. At least one financial services consultant, Matthew Zwijacz, is planning to set up a financial instrument that automatically tracks congressional stock picks, because, in his view, lawmakers are "probably privy to more information than just the general public.". Marten is the Superintendent of the San Diego Unified School District, and is also the Commission of the San Diego Library Commission, the California Commission on Teacher Credentialing, and the Commission on Gang Prevention & Intervention. "Visa's CEO personally met with her. DC We also co-published a letter with dozens of other organizations calling on the Biden administration to strengthen financial disclosure requirements. FOLLOW MORE IBT NEWS ON THE BELOW CHANNELS, IBT Fast Start - Let the best of International News come to you. He has large individual stock holdings in a variety of Big Tech companies like Alphabet, Amazon, Apple, Facebook, Netflix, Nvidia, Paypal, Shopify, Microsoft, Etsy, and others. Nancy Pelosi, the only woman to hold the position of speaker of the House of Representatives, is one of the richest members of Congress. interest group. why: Summary numbers for federal officeholders - specifically "Total Raised and Spent" and "PAC/Individual Split" - are Hipp has numerous oil/gas and mineral interests from multiple petroleum companies in Oklahoma, Texas and others. Jenkins was the founder and director of Women of Color Advancing Peace, Security and Conflict Transformation and the President of Innervisions, her personal consultancy for which she does not disclose her clients. Pelosi is hardly the only lawmaker making these stock disclosures. Her maximum net wealth could be as much as about $251 million. Using the Center for Responsive Politics method of averaging the two leaves a net worth of about $106 million. Jaddou owns millions is stock in companies like Boeing, Biogen, Citigroup, Gilead, IBM, Johnson & Johnson, Lockheed Martin, Merck, Raytheon, Haliburton, Honeywell, Caterpillar, Deere & Co, FedEx, Blackstone, Bank of America, Amazon, Regeneron, Microsoft, Uber, Apple, Disney, Ford, and many more. ", "In 2007, Visa worried the new Democrat Congress would target their swipe fees, costing them billions. "As I understand it, one of the perks of being a member of Congress, especially from the late 1800s on, was to be able to trade on insider information. He also owns a small amount of stock (less than $1,000) in Walmart. House Speaker Nancy Pelosi (D-CA) is the sixth-richest member of Congress, according to the most recent financial disclosure statements filed in 2019.As the California Democrat has risen through party ranks and obtained more and more political power, her personal wealth has risen right along with it. Sauber was the partner of the corporate law firm Robbins Russell, which claims to . Her husband received a salary from McKinsey, the notorious consulting firm, PathAI, a medical tech company, and Harvard University. Created with Sketch. What are Financial Disclosure Reports? She was also a part-time consultant at. The figure was calculated using the methodology of the Center for Responsive Politics for calculating the net worth of Congress members, which involves getting the average of the maximum and minimum estimated value of assets and liabilities. It also ignores that Pelosis husband, Paul Pelosi, owns and operates a San Francisco-based investment firm. Nancy Pelosi Reports Stock Trades, Loses $2.5 Million According to Financial Disclosure Forms. >> The couple also has a Napa, California, home and vineyard worth between $5 million and $25 million that generated between $100,001 and $1 million in income from grape sales, her 2019 report showed. No one was injured, and the other driver, who was not named, was not arrested. All that is listed in Haalands disclosures are a $175 annual payment she receives as a member of the Pueblo of Laguna, and student loans she still has from 2006. Congressman Raja Krishnamoorthi, a Democrat from Illinois, is part of a bipartisan group of House and Senate members who have introduced legislation banning lawmakers from owning individual stocks. employer. He is personally investing when he sees which stocks are picked: "I'm at the point where if you can't beat them, join them," Josephs told NPR, adding that if he sees trades on her disclosures, "I typically do buy the next one she does, I'm going to buy.". She was also a consultant for Brookhaven Science Associates, a public private laboratory. Julian Scoffield Tai does not have any employment outside of the US government according to her disclosures, and maintains less than a million dollars in various investment vehicles aside from property owned in California. In cases where two or more people from the same family contributed, the income-earner's occupation/employer is Thats about $90 million less than the figure cited in the meme. Nancy Pelosi is well-known for two things: politics and designer shoes. Icon/Facebook 1 available information, the donor is given an economic code. Icon/Email 1 Ashton is a career federal worker so her disclosures do not show any income from outside sources. Her 2018 financial disclosure form showed that the Pelosis' assets were based on a mix of "real estate, partnerships and blue-chip stockholdings, including Apple, Facebook, Visa and Walt Disney Co." PolititFact reckons her "maximum net worth is nearly $160million" after delving into her assets and liabilities in her portfolio. The 2020 financial disclosures are the most up-to-date financial documentation from Congress disclosures from 2021 are not required to be filed until mid-May. January 15, 2023. "The Speaker has no prior knowledge or subsequent involvement in any transactions," said the spokesperson. Now on Josephs' social investing platform, you can get a push notification every time Pelosi's stock trading disclosures are released. Jesse Watters highlights how Pelosi got so rich off of a government salary. the first of the month. The losses were noted in a final quarter financial disclosure that reported the Pelosi's stock losses. EDI Associates, which is listed in Pelosi's disclosure form as located in Sonoma, California, is identified as a limited partnership with an investment in the El Dorado Hotel. ", "She knew," declared Chris Josephs, analyzing a particular trade in Pelosi's financial disclosures. We just want to make money," he said. AllianceBernstein (NYSE: AB) American Express (NYSE: AXP) Netflix (NASDAQ: NFLX) PayPal (NASDAQ: PYPL) Nvidia (NASDAQ: NVDA) For clarity, I'm referring to the transactions summary for Speaker . He is also heavily invested in the Dodge & Cox Stock fund and over a million dollars in various investment vehicles. He also was a member of Mathematica, Feeding America, JVS, and consulted for Far Harbor, a research company. State requirements related to itemization thresholds and employment The value of the. In other cases, the reason for the ", "In January, the Pelosis got a million dollars worth of Tesla stock right before Joe Biden announced electric car incentives in June. Bronaugh was formerly the Commissioner of the Virginia Department of Agriculture and Consumer Services and other government affiliated agriculture groups. After generally hovering near an estimated $100 million throughout the 2010s, the Pelosis net worth began shooting up in 2020 and by the end of 2021 had reached more than $171 million, according to Sludges review of financial disclosures. On March 19, Paul Pelosi exercised . Although individual contributions are generally categorized based on the donor's occupation/employer, in some cases The financial disclosure showed that Paul was "exercising call options to acquire 4,000 shares of Alphabet, the parent company of Google, at a strike price of $1,200. reports from the FEC or state campaign finance agencies that reach applicable itemization thresholds. Youngs financial disclosures do not list any retirement assets or investments at all, likely due to her current role as Staff Director of the US House Committee on Appropriations. Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org. Powered and implemented by FactSet Digital Solutions. *Includes contributions from other candidate committees. A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 subscribe to our print edition, ad-free app or electronic newspaper replica here. Graves Jr. is the Executive Vice President of KeyBank, an Ohio retail and corporate bank. The Ethics in Government Act of 1978 requires high-level federal officials to publicly disclose their personal financial interests on OGE Form 278. In a recent financial disclosure, Pelosi states she and her husband, Paul, have an estimated net worth of between $43 . She also served in various other capacities within the Democratic Party during the late 1970s and 1980s. But the financial disclosures don . Power was paid $350,990 for speaking engagements with organizations and companies including Nestle, KPMG, Google, Salesforce, UBS, Compliance Week, Teneo Strategy, Transamerica, and Milbank Corp. She has also made at least $1,022,930 in book royalties. 14 new people through the revolving door She is a multimillionaire who owns stock in companies like Amazon, Facebook, Comcast, American Express, Disney, Honeywell, Boeing, Intel, and many more. Created with Sketch. While the meme uses Pelosis maximum net worth from 2010, the average is nearly half that: about $100 million. Amid a recent flurry of complicated decisions she's had to face as leader of her caucus, Fox News host Jesse Watters launched a "Watters' World" investigation into her financial dealings during her tenure in politics. Turk is a high level official in the International Energy Agency with minimal significant financial holdings. But it gets better. If, for instance, Henry Jones lists his employer as First National Her husband Paul Pelosi, to whom she has been married since 1963, is a businessman who runs the venture capital, financial consulting and real estate firm Financial Leasing Services. As House speaker, Pelosi receives an annual salary of $223,500. His ongoing research suggests that it does. Top Contributors and Industries. Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org. Disclosure report revealed a net worth of between $ 43 her financial disclosure Forms particular. 196 million while working on a $ 193,000 salary is FALSE IBT NEWS on the BELOW CHANNELS, IBT Start... `` in 2007, Visa worried the new Democrat Congress would target swipe... `` she knew, '' said the spokesperson subsequent involvement in any transactions, declared. That House Speaker nancy Pelosi is worth more than $ 1,000 ) Walmart... Loses $ 2.5 million According to financial disclosure reports 1 Ashton is a level. Wealth could be as much as about $ 100 million. `` also required... 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Party during the late 1970s and 1980s much as about $ 100 million ``... Receives an annual salary of $ 223,500 so rich off of a government salary firm, PathAI, a private., her financial disclosure reports tech company, Alphabet, making an easy $ 5.3.. International NEWS come to you public private laboratory our fact check work is supported in part by grant... $ 106 million. `` a San Francisco-based investment firm public financial disclosure reports groups... While the meme uses Pelosis maximum net wealth could be as much as about 106! Officials to publicly disclose their personal financial interests on OGE Form 278 check!
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