Biography & Net Worth Of Nancy Pelosi

3 weeks ago

Nancy Patricia Pelosi (née D'Alesandro) was born in Baltimore, Maryland, on March 26, 1940. She was the only girl in the family, and the youngest of seven children.

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Her parents' families both originated in Italy. Pelosi was born into a politically active family; at the time of her birth, her father was a Democratic Congressman from Maryland, and he later became the Mayor of Baltimore. Her brother, Thomas D'Alesandro III, was also Mayor of Baltimore, serving from 1967 to 1971. Additionally, her mother was also active in the Democratic Party, organizing Democrat women. As a result, Pelosi became involved with politics from an early age, when she began helping her father with his various campaign events. She graduated from the all-girls high Catholic high school the Institute of Notre Dame in 1958, and from Trinity College in 1962 with a Bachelor of Arts in political science.

Political Career

Pelosi began her own political career by first interning for Senator Daniel Brewster (D-Maryland) in the 1960s. She later moved to San Francisco, California, where she befriended 5th District congressman Phillip Burton. In 1976 she was elected as a Democratic National Committee member from California, holding the position until 1996. She also served in various other capacities within the Democratic Party during the late 1970s and 1980s, for example as the finance chair of the Democratic Senatorial Campaign Committee.

After Burton passed away in 1983, he was succeed by his wife Sala. After she no longer wished to run for re-election, Sala Burton designated Pelosi as her successor, which basically guaranteed that Burton's previous supporters would also support Pelosi. Following Sala's untimely death a mere month into her second term, Pelosi won the resulting special election and took office as the 5th District congresswoman in June 1987. She represented the 5th District from 1987 to 1993; the 8th District from 1993 to 2013; and the 12th District from 2013 to the present (as of April 2020).

Other significant positions Pelosi has held include the position of House Minority Whip, from 2002 to 2003; Leader of the House Democratic Caucus since 2003; House Minority Leader from 2003 to 2007, and 2011 to 2019; and the Speaker of the United States House of Representatives, from 2007 to 2011, and was sworn-in again as Speaker in January 2019. She is the first person since Sam Rayburn in 1955 to be re-elected to the post of Speaker for non-consecutive terms. However, in order to regain the position of speakership, she had to agree to a deal that limits her to only four years in the role.

Notable moments of Pelosi's second turn as Speaker, during the first term of President Donald Trump's presidency, include the announcement of impeachment hearings into the President on September 24, 2019.

Pelosi is a lifelong Democrat, and has a rating of 92% for her voting record on civil liberties, given by The American Civil Liberties Union's Congressional Scorecard. She has also consistently voted in favor of liberal causes such as gun control, LGBTQ+ rights and abortion rights, and against things like welfare reform and the Iraq War. She is often a polarizing figure in politics, both outside and within her own party, but many also regard her as a shrewd and highly-skilled politician, capable of keeping a fractured Democratic party relatively together.

How Much Does a Senator Make?

An average Senator makes $174,000 per year. As Speaker of House Nancy's salary is boosted to $223,500. All Senators receive a small write off for D.C. living expenses and travel. They also receive full life, insurance and retirement benefits.

Personal Life

Pelosi is very active in the Italian-American community, serving as a board member of the National Organization of Italian American Woman, as well as serving for 13 years as a board member of the National Italian American Foundation (NIAF). The NIAF gave her a Special Achievement Award for Public Advocacy in 2007, and she continues to be involved in the foundation today.

Pelosi met Paul Frank Pelosi while attending college, and they married in September 1963. He owns a venture capital, financial consulting and real estate firm called Financial Leasing Services, INC. Thanks to Paul, the Pelosis own large stakes in companies like Facebook, Apple, Comcast, Shutterfly and the Walt Disney Co. Paul Pelosi also owns a few office buildings in San Francisco and commercial properties around California. In 2009 Paul spent $10 million to buy the Oakland Invaders United Football League team. The team, which was soon relocated and renamed the Sacramento Mountain Lions, was eventually shut down. They have five children and eight grandchildren. When in San Francisco, the Pelosis reside in the Pacific Heights neighborhood of San Francisco. They also own a vineyard in St. Helena, California, that is valued between $5 million and $25 million.

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Net Worth

Nancy Pelosi is an American politician who has a net worth of $120 million. In her most recent wealth disclosure, Nancy and her husband Paul Pelosi estimated their personal net worth to fall somewhere in the range of $43 million and $202 million depending on the value of real estate assets, stock investments and other private assets.

Nancy is the only woman in U.S. history to hold the position of Speaker of the United States House of Representatives, a role she has served in from 2007 to 2011, and again beginning in 2019.

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