Pelosi Reportedly Makes Up to $30 Million on Insider Stock Trades

New York Post

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Nancy Pelosi is scrambling to quash bipartisan efforts to ban stock trading by Congressional lawmakers — even as she and her husband have raked in as much as $30 million from bets on the Big Tech firms Pelosi is responsible for regulating.

Late last month, the House Speaker disclosed that the Pelosis scooped up millions in bullish call options for stocks including Google, Salesforce, Micron Technology and Roblox. At the same, some insiders say she has slow-walked efforts to rein in Big Tech.

Days later, Pelosi brushed off worries over stock picking by lawmakers, claiming it was part of the “free-market economy” — comments that made Democratic insiders “blood boil,” people close to the speaker told The Post.

“Key policy makers can be rich but they shouldn’t own individual companies,” Jeff Hauser, a self-proclaimed progressive Democrat and founder and director of the Revolving Door Project, told The Post.

Stock picking by elected officials “gets worrisome about whether legislators have access to insider information or whether your stock purchases will consciously or unconsciously impact policy making,” Hauser added.

Pelosi is one of the richest members of Congress, with an estimated net worth of more than $106 million, according to an analysis by The Post. That’s an average of the maximum and minimum estimated value of her assets and liabilities — the methodology used by the Center for Responsive Politics — using her most recent financial disclosure from August, which pegs the maximum at $252 million and the minimum at $40 million underwater.

Pelosi’s husband, Paul Pelosi, is a businessman who runs the venture capital and investment firm Financial Leasing Services and has made countless bets on high-profile companies his wife is supposed to regulate, like Amazon, Apple and Google.

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