Nancy Pelosi officially announced her resignation from politics this year. The former House Speaker found fortune in politics, accumulating $130 million from equities during her 38-year tenure. Her returns would make the most seasoned money manager stutter—16,930%.
As a comparison, the Dow Jones “only” yielded 2,300% during the same time period. Her annual return was a grotesque 14.5%, outperforming every major index. Her portfolio raked in 54% last year, doubling the S&P’s 25% return. She managed to outperform every hedge fund globally.
Pelosi amplifies every reason why Congressional term limits are crucial. Nancy Pelosi has accumulated a $240 million fortune through blatant inside trading. Microsoft, Google, Amazon, Nvidia, among others—when the government is making moves, her “husband” just so happens to make lucky trades ahead of the news. Her current salary is $174,000, previously $223,500, and she will earn a $139,000 annual pension upon retirement. Naturally, she will still have those inside sources and continue to grow her wealth.
Progressive members of the Democratic Party have been pushing Pelosi out. The younger generation is more socialistic and less willing to openly generate wealth through backroom deals. Although she has not officially declared retirement, Pelosi is 86 years old and facing numerous health issues. The Democratic Party is separating in a massive way, becoming a national embarrassment. She has nothing to lose by sliding away from the swamp now, especially is Prop 50 passes in California and provides the Democrats more leverage in the elections by redrawing congressional district maps.