Thursday, July 2, 2015

Nancy Pelosi’s Life As a 0.1 Percenter


Nancy Pelosi may be one of the most liberal members of the U.S. House, where she runs the Democratic caucus, railing against income inequality and the avarice of the 1 percent. But she also happens to be one of the body’s wealthiest members: In Washington, she lives in a multimillion-dollar Georgetown condo; she owns a 16-acre vineyard in Napa Valley and a 3,700 square-foot house in San Francisco’s tony Pacific Heights, according to her May 2015 financial disclosure statements.





















Her May 2015 financial-disclosure statements,showing income that places her in the top one-tenth of the 1 percent of Americans, may surprise some in light of the concern she’s expressed about income equality and the distribution of wealth.


“We’re talking about addressing the disparity in our country of income, where the wealthy people continue to get wealthier,” Pelosi said in 2010 at a United Steelworkers’ event. “That disparity is not just about wages alone,” she added. “That disparity is about ownership and equity. It’s all about fairness in our country.” But even as she’s publicly bemoaned the rich getting richer, Pelosi’s fortune has grown. RELATED: With Harry Reid Gone, Why Is Nancy Pelosi Hanging On?


 Though financial-disclosure forms list only ranges of assets and liabilities, Pelosi listed between $42.4 million and $199.5 million in assets in 2013, which was enough for Bloomberg Business to deem her the richest member of House leadership from either party. By 2014, she and her husband, investment banker Paul Pelosi, were doing even better: She reported between $43.4 million and $202 million in assets. (Pelosi’s husband, in fact, has done so well that he tried the quixotic hobby of investing in an alternative to the National Football League, losing between $100,000 and $1 million in 2014.)





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