Schroeder was a professor at Duke University from 1979 to 2020. Facebook. The article reported that: "House Speaker Nancy Pelosi has placed up to $1 million worth of bullish bets on Tesla stock, she revealed in a financial disclosure form last week. Nayak was Deputy Executive Director for the progressive National Employment Law Project and board member of United For Respects Education Fund (an anti-wall Street advocacy group). View the Vice Presidents financial disclosure report here. The House speaker was born in Baltimore, Maryland, in 1940. contributions from corporate PACs, employees and owners as well as their immediate families. He owns $1 million to $5 million in Boston Scientific stock, along with $1k-$15k in AbbVie, Abbott Laboraties, Bristol-Myers Squibb, Merck, FirstEnergy, and Pepsi stock. Totals for industries (and larger economic Top Contributors and Industries. available information, the donor is given an economic code. - Haines consulted for the Silicon Valley giant Uber, the major ICE collaborator and NSA surveillance tech provider. REUTERS/Joshua Roberts. Rep. Nancy Pelosi ( D -California, 11th) - Personal Financial Disclosures In Office Alternate Names: Nancy D'Alesandro Pelosi, Nancy Patricia D'Alesandro, Nancy Patricia Pelosi Summary Staff Disclosures Lobbying District StormFeed Town Halls Reports are organized by filing date. Primary category in which blog post is published, loophole that would allow congressional spouses, Please join Sludge as a $5-a-month member today, Steny Hoyers Secretive Island Club is Sponsored by the Gun Lobby, Three More Senators Violated the STOCK Act, Biden Decision in Apple Watch Patent Dispute Could Benefit His Megadonor, TikTok Owner Uses Back Door to Donate in Honor of Members of Congress, Minnesota Democrats Pass Voting Rights Bill in Committee. Granholm owns stock in energy companies like Duke Electric and other unscrupulous firms like Visa, Wells Fargo, Bank of America, Pfizer, Microsoft, and Apple. Quotes displayed in real-time or delayed by at least 15 minutes. One popular account on Twitter, Nancy Pelosi Portfolio Tracker, consistently savaged Pelosi on her otherwordly returns. The Democracy for the People Act, backed by a coalition of Minnesota groups, would also increase disclosure of political spending in state races. why: Summary numbers for federal officeholders - specifically "Total Raised and Spent" and "PAC/Individual Split" - are In other cases, the reason for the A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 In a recent financial disclosure, Pelosi states she and her husband, Paul, have an estimated net worth of between $43 . Here's Why. Nancy Pelosi Reports Stock Trades, Loses $2.5 Million According to Financial Disclosure Forms. He is also a board member of Behavioral Insight Team. Powers spouse, Cass Sunstein, has consulted for Apple, Global Asset Capital, and advised Humu (an HR tech company). Garland, a judge on the D.C. Of course, it was banned. requested and disclosed, if provided. 20005. At least one financial services consultant, Matthew Zwijacz, is planning to set up a financial instrument that automatically tracks congressional stock picks, because, in his view, lawmakers are "probably privy to more information than just the general public.". One of the recent financial disclosures filed by an influential Democratic lawmaker revealed that Nancy Pelosi's husband purchased up to $600,000 in Microsoft and up to $1.5 million in Apple stock. electronically on 03/01/23 for Fundraising totals, First, we apply a code to the contribution, identifying the industry. Visa shares going up over 200 percent during the time, making the Pelosis a fortune on paper. voters, researchers and others. Wassmer was Managing Director at Ernst & Young and the Director of Agency Operations for the Government of the District of Columbia. Edit here is the list I made of pelosi's options. databases are only as current as the FEC has been able to compile by that date (see the note above about lag times In 1976, she was elected as a Democratic National Committee member from California, holding the position until 1996. s-A2.,P3Ytd8Nv@qs%x-iT1n3S d-eu,+1!a]}}Wm1Nic?+sQhb+ ybL~"&E?. All we're doing is following the money, and there sure is a lot of it," Watters concluded. She has between $1 million and $5 million in stock in Morgan Stanley, as well as between $1k and $15k in stock of of Occident Petroleum, Twitter, AMC, AbbVie, Guardant Health, Medtronic, and many other companies. immediate families. A contribution to a candidate may be given an Meyer also owns stock in Apple, Microsoft, Chevron, Exxon Mobil, AT&T, Comcast and more. Pelosis office did not immediately respond to a request for comment. election cycle and based on Federal Election Commission data released Her Ethics Agreement stipulates that she will divest her interests in Johnson & Johnson within 90 days from her confirmation. Her husband Paul Pelosi, to whom she has been married since 1963, is a businessman who runs the venture capital, financial consulting and real estate firm Financial Leasing Services. Pelosi's dismissal of the idea of a stock purchase ban came in response to a question about a Business Insider investigative report this week on share ownership by lawmakers, and after. Joe Biden, with Deputy Secretary of State Anthony Blinken, discuss partnerships with South Korean, Japanese representatives. She sits on numerous corporate boards including Proterra (an electric bus company), American Bridge Foundation (a major Super PAC), Techtonic and Marinette Marine Corporation (shipbuilding company). their individual members or employees or owners, and those individuals' concerted effort by that organization to "bundle" contributions to the candidate. You've successfully subscribed to this newsletter! That was a perk of being in Congress. corporations and unions can give directly to campaigns in many jurisdictions. He resigned from his position with Makena Capital in December 2020. Buttigieg made over $100,000 as Mayor of South Bend, but he has made significantly more since then including hundreds of thousands of dollars in book advances and up to a million in royalties for book sales. Pelosi was first elected to Congress in a 1987 special election. This means that Vilsack will have to recuse himself from key social issues disproportionately hitting rural America and from issues related to one of the largest agriculture industries in the US. He also reported holding between $100,000 to $250,000 in stock in General Mills, $1,000 to $15,000 in stock in J.M. As recently as Wednesday, Pelosi had strongly urged Romney to provide further disclosure of his tax returns. This material may not be published, broadcast, rewritten, Corporations themselves cannot donate to candidates at the federal level but federal candidates can get In the past year and a half, he has been taking advantage of a law called the Stock Act, which requires lawmakers to disclose stock trades and those of their spouses within 45 days. Mary Lou Masters on February 28, 2023. Escobari consulted for HP and Upwork, a freelancing platform where she is also a board member. Feel free to distribute or cite this material, but please credit OpenSecrets. In June of last year, Mr. Pelosi exercised call options on Alphabet stockdays before a House committee vote on regulation of the largest tech companiesthat vaulted his holdings in the company up to between $5.5 million and $26 million. FEC and listed quickly on OpenSecrets processing and analyzing the detailed records takes much longer. Pinterest. Real estate, stocks, the Pelosis always know what the right investment is.". individual contributions have yet been classified by OpenSecrets. The couple also has a Napa, California, home and vineyard worth between $5 million and $25 million that generated between $100,001 and $1 million in income from grape sales, her 2019 report showed. Nancy Pelosi is one of the wealthiest members of Congress, and the couples net worth has increased rapidly over the past few years. Calling Deficit Squawks Bluff on Environmental Enforcement, We Don't Need A Morgan Stanley Economist On The Fed, As Biden Takes On Airline Junk Fees, It's Worth Asking Why Buttigieg Didn't. The public filing system serves to prevent. It also ignores that Pelosis husband, Paul Pelosi, owns and operates a San Francisco-based investment firm. He covers media, politics, breaking news and current events. You have JavaScript disabled. "And you would have known if you had followed her portfolio.". The 2020 financial disclosures are the most up-to-date financial documentation from Congress disclosures from 2021 are not required to be filed until mid-May. reason, summary numbers are usually higher (and more current) than the numbers based on detailed records. endobj
Nancy Pelosi, the only woman to hold the position of speaker of the House of Representatives, is one of the richest members of Congress. State requirements related to itemization thresholds and employment WhatsApp. After generally hovering near an estimated $100 million throughout the 2010s, the Pelosis net worth began shooting up in 2020 and by the end of 2021 had reached more than $171 million, according to Sludges review of financial disclosures. While a 2004 paper found that senators generally outperformed the market, more recent academic studies in 2013 and over the last few years have suggested lawmakers are not good at picking stocks. So peloski has these calls expiring from today on that are public record: Amazon: $AMZN On 7-27-18 >20 calls @ $1700 strike expiring 1/17/2020 On 10-12-18 > 30calls $1600 strike expiring 1/17/2020 On 7-22-2019 > 20 calls $1700 strike expiring 1/17/2020 Apple: $AAPL "As I understand it, one of the perks of being a member of Congress, especially from the late 1800s on, was to be able to trade on insider information. /Kids [19 0 R 23 0 R 25 0 R 27 0 R 29 0 R 31 0 R 34 0 R 37 0 R 39 0 R]
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Topics Explainers We do this in two ways: It is impossible to know either the economic interest that made each individual contribution possible or the Jesse Watters: Where's the money coming from. subscribe to our print edition, ad-free app or electronic newspaper replica here. That math adds up to about $5.4 million, according to the post, which goes on to claim that Pelosis net worth is $196,299,990, The meme quotes Pelosi: Something is wrong with this picture.. Showing these clusters of contributions from people associated with particular organizations provides a valuable According to his disclosures, Kang receives retirement payments from the University System of Illinois. << /Type /Pages
Power was paid $350,990 for speaking engagements with organizations and companies including Nestle, KPMG, Google, Salesforce, UBS, Compliance Week, Teneo Strategy, Transamerica, and Milbank Corp. She has also made at least $1,022,930 in book royalties. Her finances are invested in mostly noncontroversial index funds. profiles for state and federal officeholders are derived from contribution records disclosed in campaign finance He has up to $725,000 invested in mutual funds and retirement accounts. Sign up for our newsletter to track moneys influence on U.S. elections and public policy. Feel free to distribute or cite this material, but please credit OpenSecrets. The 82-year-old politician has an estimated net worth of more than $106 million, according to a New York Post analysis. 3 0 obj
She is also on the boards of numerous nonprofits including the Robertson Foundation for Government, the Ellen Johnson Sirleaf Presidential Center For Women & Development, the US Committee for Refugees & Immigrants. "That year, her financial disclosure report revealed a net worth of over $114 million. Small Individual Contributions (< $200): 49.16%, Open Secrets following the money in politics, Now showing data for the 2022 election cycle for the I, The organizations themselves did not Smucker Co., and $250,000 to $500,000 in stock in Procter & Gamble. Watters condemned her policies, saying they're making it "harder and harder for average Americans to accumulate wealth," shackling them with taxes and "destroying the dollar with reckless spending.". Austin sits on the board of major weapons manufacturers and defense contractors/subcontractors like Raytheon, Booz Allen Hamilton, United Technologies and Nucor Corporation. Neither the President nor the Vice President have any conflicts of interest. On New Years Eve, the US Office of Government Ethics (OGE) began releasing public financial disclosures for some of the Biden Administrations highest political appointees. According to a recently released financial disclosure report signed by the Democratic leader on July 2, Paul Pelosi, who owns a real estate and venture capital investment firm, exercised 40 call . Members of Congress disclose the value of their assets and liabilities in broad ranges, and Sludge determines net worth estimates by calculating the average value of a members assets and unearned income and subtracting the average value of their reported liabilities. His ethics agreement states that he will refrain from working on issues related to Purdue Pharma and the Dairy Export Council. ", "In 2007, Visa worried the new Democrat Congress would target their swipe fees, costing them billions. Next Post: Readout of President Joseph R. Biden, Jr. Paul Pelosi runs Financial Leasing Services, a real estate and venture capital investment and consulting firm. Nancy Pelosi Status: Member State/District: CA12 filing information filing type: Annual Report filing year: 2020 filing Date: 08/13/2021 ScHeDule a: aSSetS anD "unearneD" income Austin is also affiliated with Pine Island Capital Partners, an investment fund with a defense company focus that the. Op-Ed, Max Moran She has consulted or provided legal services for Lyft, Apple, ExxonMobil, Humana, SoftBank, Lockheed Martin, Booz Allen Hamilton, Boeing and other corporations. He is also listed as a political consultant for Link and Associates. In 2021 alone, the Pelosis estimated net worth increased by $38.9 million, the largest annual increase the couple has enjoyed in all but one other year since 2010. She has various holdings in health companies like like CVS, AbbVie (pharmaceutical company), General Electric (healthcare appliances) and others. 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