Analysis Estimates Nancy Pelosi Saw 65% Return on Stock Investments in 2023

Follow America's fastest-growing news aggregator, Spreely News, and stay informed. You can find all of our articles plus information from your favorite Conservative voices. 

Former House Speaker Nancy Pelosi (D-CA) has long been accused of utilizing insider knowledge to manipulate stock trades for personal benefit.

These accusations have grown in intensity after an analysis revealed that Pelosi and her husband experienced a 65% return on their investments in 2023, much higher than the average 24% increase of the S&P 500 throughout the same year.

The Daily Mail initially estimated Pelosi’s gains at around 50%, which was deemed “remarkable” given that their portfolio had fallen by nearly 20% in 2022.

Unusual Whales, a website dedicated to market transparency, calculated her gain at 65.5%.

This placed her ninth amongst elected representatives and senators who had achieved lucrative returns on their stock investments for the year, with four members of Congress earning more than 100%, and one achieving nearly 240%.

Former Speaker Pelosi and her husband Paul have an estimated combined net worth of around $46 million, making them a substantial presence in Congress.

This wealth is largely derived from the several owned properties, including multi-million dollar private residences in San Francisco and Washington D.C., as well as vacation properties, rental properties, and a wine estate that yields thousands of dollars annually in sales revenue.

Furthermore, it is speculated that their wealth results from buying and selling stock in individual companies, particularly tech-related stocks.

Nonetheless, such activity has raised allegations of insider knowledge influencing proposed or pending legislation or regulatory moves to make well-timed transactions impacting businesses or industries positively or negatively.

All members of Congress are prohibited from using insider knowledge to purchase and sell stocks, which is regulated by the STOCK Act of 2012.

This Act requires members to publicly disclose all stock transactions that they and their spouses make in a timely manner; however, when violations occur, the punishments are typically minimal or nonexistent.

There have been bipartisan efforts to pass legislation that would more strictly regulate stock transactions among congressional members and their families; however, these bills have remained stagnant after introduction.

One such proposal is the PELOSI Act, introduced by Senator Josh Hawley (R-MO), which would prohibit any member of Congress or their family from buying or selling individual stocks (although mutual funds and Treasury bonds would be exempt).

Additionally, this bill seeks to impose real financial consequences for those who violate it.

Share:

More News

Send Us A Message