Rep. Nancy Pelosi (D-Calif.) and her husband, venture capitalist Paul Pelosi, reported significant financial gains in 2024, with new congressional financial disclosures revealing that the couple earned between $7.8 million and $42.5 million over the course of the year.
Their total net worth could now reach as high as $413 million.
BREAKING ️
Nancy Pelosi outperformed every single hedge fund last year..
— American AF (@iAnonPatriot) June 21, 2025
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This marks a substantial increase from 2023, when disclosures indicated the couple’s net worth could be as high as $370 million.
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Because lawmakers are only required to disclose broad ranges for assets and income, the exact total remains uncertain.
Market analytics firm Quiver Quantitative, which tracks stock transactions and estimates real-time valuations, pegged the Pelosis’ net worth at $257 million in 2024—up $26 million from the previous year.
That figure does not include valuations for various other holdings, including a Napa Valley winery, a Bay Area Italian restaurant, and a stake in a political data and consulting firm.
A large portion of the couple’s financial success has come from stock trades made in Paul Pelosi’s name.
The former House Speaker has long been scrutinized for her husband’s trades, with Rep. Josh Hawley (R-Mo.) even introducing legislation bearing her name aimed at banning congressional stock trading.
The bill to ban congressional stock trading is entitled the PELOSI Act, or “Preventing Elected Leaders from Owning Securities and Investments.”
I usually don’t like cute names for pieces of legislation, but this one hit the nail on the head. Bravo.
Pass it!! pic.twitter.com/pN8nicKJRx
— Charlie Kirk (@charliekirk11) April 29, 2025
In July 2024, the Pelosis sold 5,000 shares of Microsoft, valued at approximately $2.2 million.
This sale occurred just months before the Federal Trade Commission announced an antitrust investigation into the tech company.
They also sold 2,000 shares of Visa, worth an estimated $525,000, prior to the Department of Justice filing a monopoly lawsuit against the credit card company.
In another major transaction, the couple exercised a call option in December that they had purchased in late 2023, acquiring 50,000 shares of NVIDIA stock at $12 per share.
At the time of the purchase, NVIDIA’s market price was over ten times that amount.
The investment, which cost the couple approximately $2.4 million, is now reportedly valued at over $7.2 million.
The Pelosis also invested between $600,000 and $1.25 million in a call option for cybersecurity firm Palo Alto Networks in February 2024, the same week that lawmakers were reportedly briefed by the White House on a serious national security threat involving Russia.
The company’s stock rose nearly 20 percent in the days following the transaction.
The option enabled the Pelosis to purchase 14,000 shares at a $100 strike price—roughly half of the company’s market value at the time. That investment is now worth around $2.8 million.
Not all of their investments proved profitable.
In June 2024, the couple sold 2,500 shares of Tesla, taking a loss estimated between $100,000 and $1 million.
Despite that loss, the Pelosis’ investment portfolio posted an overall return of approximately 54 percent in 2024—more than double the 25 percent gain of the S&P 500 and outperforming every major hedge fund tracked in Bloomberg’s year-end performance review.
These financial gains come amid renewed debate in Congress over whether lawmakers should be allowed to trade individual stocks.
Critics argue that members of Congress have access to nonpublic, market-moving information, giving them an unfair advantage in personal financial dealings.
Pelosi has previously opposed stock trading bans, saying, “we’re a free-market economy.”
However, when asked in May 2024 whether she would support legislation to restrict congressional trading, she responded, “If they do, they do.”
A spokesperson for Pelosi stated, “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”
In early 2025, the couple made additional moves in the stock market, acquiring call options for Tempus AI, a relatively unknown artificial intelligence health firm at the time.
Tempus AI has since signed a $200 million deal with AstraZeneca and seen its stock price double.
They also purchased call options for energy firm Vistra, whose stock rose after announcing a $1.9 billion acquisition of natural gas facilities from a private equity firm, citing increased U.S. energy demand.
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