Home | Business & Lobbying | Business A Lobbying

Pelosi’s wealth grows by $4 million

The wealth of House Democratic leader Nancy Pelosi grew more than $4 million last year thanks to gains on investments in her home base of California, according to new financial records.

Pelosi’s minimum net worth grew to about $28.6 million in 2013, with increases in several assets, including a boost of at least $250,000 in Comcast stock that is held by her husband, Paul Pelosi. The stock is worth at least a half million dollars.

Paul Pelosi also holds sock in Facebook that rose in value last year from at least $100,000 to a minimum of $250,000.

But most of the increase in the couple’s wealth came from a single investment called Russell Ranch LLC, which is described as an underdeveloped real estate investment in Sacramento, Calif. The investment’s value rose by at least $4 million.

The Pelosis also have a home and vineyard in Napa, Calif., that’s worth more than $5 million.

The forms do not provide a precise measurement of the congresswoman’s wealth, because lawmakers can report the value of their investments, bank accounts and loans in vast ranges, such as the $5 million to $25 million range. 

Paul Pelosi is known for having a variety of eclectic investments, including a $5 million to $25 million stake in the Sacramento Mountain Lions, a team in the United Football League (UFL). 

Last summer, five players of the Sacramento franchise sued, claiming Paul Pelosi owes them $250,000 in unpaid wages. The recent financial forms indicate that Paul lost anywhere from $100,000 to $1,000,000 of the millions he has invested in the team.

Pelosi also has an additional $5 million to $25 million invested in the league itself.

Nancy Pelosi is considerably richer than the Republican holding her former job, Speaker John BoehnerJohn BoehnerDem drops out of race for Boehner's old seat Conservative allies on opposite sides in GOP primary fight Clinton maps out first 100 days MORE (Ohio), who had a minimum net worth of about $2.3 million last year, according to a calculation by The Hill.