With a reported net worth of $16 million, lifetime Democrat politician Nancy Pelosi is one of the wealthiest members of Congress. Nancy and her husband live on a vineyard in California with an estimated value of $5 million—but she’s a champion of the everyday American. To prove that Nancy’s got your back, she’s going to demand that the self-made businessman billionaire, turned President, Donald Trump show his tax returns to Americans. Don’t ask Nancy to share her tax returns, however, because her tax returns are her business, and off-limits for the American people.
Heavy reports- According to Roll Call, Pelosi, who makes $193,000 per year as a “public servant” reported having a minimum of $32.9 million in assets, divided between investments and real estate, and a minimum of $17 million in liabilities. Much of this comes from her husband Paul Pelosi’s investment firm.
Paul Pelosi, Nancy Pelosi’s husband, owns and operates Financial Leasing Services, a venture capital investment firm and real estate firm in San Francisco. His company has invested in some big, very successful names, including Apple, Microsoft, AT&T, Comcast, Disney, and Facebook, according to the Los Angeles Times. He owned at least $1.5 million worth of Apple stock, $1 million in Disney stock, and half a million in Facebook stock in 2017.
In 2011, 60 Minutes aired a segment called “Pelosi Insider Trading.” The episode detailed the Pelosi’s involvement in initial public offerings while having inside information. In one example, the Pelosis profited from an IPO from Visa while regulations on credit card companies were being considered in Congress. This was not illegal at the time.
Aside from investments in companies, Financial Leasing Services invests in real estate, adding to the Pelosi’s worth. They own at least $23 million worth of real estate across ten properties, including vineyard worth at least $5 million.
This week, Speaker Pelosi made it very clear that Democrat lawmakers plan to make forcing President Trump to make his tax returns public, a top priority, arguing that Americans “overwhelmingly” support Congress dogging him for his tax returns.
The Hill reports -Asked by reporters during a press conference about whether she finds it important to obtain Trump’s taxes, Pelosi said that voters indicated strong support for investigating the president’s finances.
“I think overwhelmingly the public wants to see the president’s tax returns,” Pelosi told reporters. “They want to know the truth. They want to know the facts. And he has nothing to hide.”
When it came to a timeline for getting the returns, however, Pelosi said Democrats must be “careful” in pursuing the president’s taxes, pushing back on those demanding lawmakers take immediate action to obtain them.
“We have to be very, very careful as we go forward,” Pelosi said, addressing complaints that the new House majority is moving too slowly. “In terms of the tax returns, it’s not an issue of just sending a letter. You have to do it in a very careful way.”
🔥 Pelosi on Trump's tax returns: "I was walking through a kitchen…& one of the ppl working said, 'when the president says the Mueller investigation is going on too long, you just say back to him, not as long as your tax audit.' I thought those were real words of wisdom."🔥 pic.twitter.com/uvLLiveqY3
— Aaron Rupar (@atrupar) February 7, 2019
So, what about Nancy? We know that President Trump made his fortune in the private business world, but do we have any idea how Nancy Pelosi ended up with a reported net worth of $135 million as a lifetime politician or “public servant?”
CNS News reports – House Speaker Nancy Pelosi “will gladly release her tax returns if and when she runs for president,” said her Chief of Staff Drew Hammill, apparently indicating that, in Pelosi’s current position as speaker, she will not release her tax returns.
When CNSNews.com repeatedly followed-up and asked Hammill to directly confirm that Pelosi, as speaker, would not release her tax returns, Hammill did not respond.
CNSNews.com has been trying for two weeks by email and telephone to get a direct answer from Speaker Pelosi on this tax-return question because she has co-sponsored legislation (H.R. 1) that would require the president and vice president to release their tax returns. Under 3 U.S. Code 19 (enacted under Article II, Section 1, Clause 6 of the Constitution), the Speaker of the House is third in line to the presidency.
Specifically, CNSNews.com asked Speaker Pelosi’s Press Spokesperson Taylor Griffin and Communications Director Ashley Etienne these questions:
H.R. 1, which Speaker Nancy Pelosi supports, would require the president and vice president to release their current tax return and their tax returns from the last 9 years. It states: “With respect to each taxable year for an individual who is the President or Vice President, not later than the due date for the return of tax for the taxable year, such individual shall submit to the Federal Election Commission a copy of the individual’s income tax returns for the taxable year and for the 9 preceding taxable years.”
Here are my questions:
1. Does Speaker Pelosi support legally require the speaker of the House to release his or her tax returns?
2. Will Speaker Pelosi release her tax returns for this year and the previous 9 years? Yes or no?
At a Feb. 13 press briefing, CNSNews.com was able to ask Rep. Hakeem Jeffries(D-N.Y.) this question: “H.R. 1 would legally require the president and vice president to release their tax returns. Should House Speaker Pelosi be required to release her tax returns? Yes or no?”
Jeffries said: “Well, that’s a question that I think you should direct to Speaker Pelosi.”
Our previous report stated that Pelosi’s net worth was at $135 million, a figure that is widely reported on multiple websites. We changed that amount and have opted to use Roll Call as our source for the Pelosi’s net worth.