House Speaker Nancy Pelosi, D-Calif., has been a member of Congress for almost 34 years and now has a top-tier position as one of the most influential people in the United States government. While faced with a recent rush of difficult choices as the head of her caucus, Fox News presenter Jesse Watters began a “Watters’ World” probe into her financial transactions throughout her time in politics.
After progressive members of her own party voiced their opposition to the infrastructure package last week, the Speaker was unable to bring the legislation to a vote. “Harder and harder for average Americans to accumulate wealth,” shackling them with taxes and “destroying the dollar with reckless spending.” Watters said, adding that her policies are burdening the middle class.
However, despite the fact that the present pay of a Speaker of the House is in the low six figures, Pelosi is one of the wealthiest members of Congress in the country.
“It appears to be her husband, Paul.” Watters said alluding to Pelosi’s secret way of making millions
“After they got married, Paul opened up a real estate and venture capital firm. And through his connections, he pushed Nancy into the political world, helping her get elected to Congress in 1987,” Watters expressed himself.
“The couple has timed the market perfectly over the years,” he continued, “while Nancy’s been a Washington insider. Real estate, stocks, the Pelosis always know what the right investment is.”
In addition to a home in Napa Valley estimated up to $25 million, the Pelosi’s also own a waterfront apartment in DC valued at more than $2 million and a red brick mansion in California’s Pacific Heights, among other properties.
Watters went on to say that her husband has commercial buildings in San Francisco that are “worth up to $50 million,” in total.
“In 2018, the Pelosis’ wealth has skyrocketed,” he said. “That year, her financial disclosure report revealed a net worth of over $114 million. In 2019, Pelosi’s assets total up to a whopping $271 million and in 2020, those numbers went up even more to as high as $315 million.”
“In 2007, Visa worried the new Democrat Congress would target their swipe fees, costing them billions. So they hired a team of lobbyists who descended on Pelosi,” Watters added. “Visa’s CEO personally met with her. She got donations from them. One of his advisers left and became a visa lobbyist himself.”
“Paul Pelosi received a phone call from his broker out of nowhere. He was fortunate, as it turned out.” Watters went on to say more, “Paul was given a prescreened invitation to participate in Visa’s $18 billion first public offering (IPO). Did Nancy and her husband have second thoughts? No, they made an investment of between $1 million and $5 million in the Visa shares. However, things get better. Bills that would have had a negative impact on Visa’s stock price were rejected in the House when Pelosi was speaker. The Pelosis made a tidy profit on paper over this period, with Visa shares rising by more than 200 percent.”
“The Pelosis received a million dollars’ worth of Tesla shares in January, only a few months before Vice President Joe Biden announced electric vehicle incentives in June. The Pelosi family made a tidy sum of money just as Congress was about to launch an attack on Big Tech. Mr. Pelosi profited handsomely from the exercise of options on Google’s parent firm, Alphabet, pocketing $5.3 million in the process.”
“Suddenly, Paul Pelosi got a phone call from his broker. He was in luck,” Watters continued. “Paul was offered a prescreened invite to get in early on Visa’s $18 billion IPO. Did Nancy and her husband hesitate? No, they bought between $1 million and $5 million worth of Visa stock. But it gets better. While Pelosi was speaker, bills that would have hurt Visa’s stock price were blocked in the House. Visa shares going up over 200 percent during the time, making the Pelosis a fortune on paper.”
Watters gave another example of how the Pelosi’s profited from the situation.
According to the report, Paul Pelosi exercised $2 million in Microsoft options in March, just two weeks before the computer giant was awarded a $22 billion deal to outfit the United States Army with high-tech headsets.
They have never been prosecuted for insider trading, but her marital investments and access, coupled with very fortuitous timing, have raised a lot of eyebrows in the financial community. “All we’re doing is following the money, and there sure is a lot of it,” Watters concluded.