Thursday, June 16, 2011

While Millions in Poverty, Nancy Pelosi Wealth Doubled



While the Democrats try to destroy the economy, the former House Speaker improves her net worth by 62%. As unemployment remains at 9.1%, Nancy Pelosi remains defiant to the American people. Democrats have no plan to improve the economy and jobs. Americans are being burden with over regulation, over taxation, and wasteful spending. While millions of people in poverty in American, Democrats are finding ways to bleed us dry.

(The Hill) House Minority Leader Nancy Pelosi (D-Calif.) saw her net worth rise 62 percent last year, cementing her status as one of the wealthiest members of Congress.

Pelosi was worth at least $35.2 million in the 2010 calendar year, according to a financial disclosure report released Wednesday. She reported a minimum of $43.4 million in assets and about $8.2 milion in liabilities.

For 2009, Pelosi reported a minimum net worth of $21.7 million.

Pelosi saw her wealth rise due to some stock gains and real estate investments made by her husband, Paul.

Apple stock owned by Pelosi's spouse rose from at least $500,000 in 2009 to $1 million in 2010. The minority leader's husband also took a bigger stake in Matthews International Capital Management — worth at least $5 million last year, compared to $1 million in 2009 — and his investment in some undeveloped residential real estate in Sacramento, Calif., jumped to at least $5 million in value.

Paul Pelosi also has sizable assets in the United Football League, including $1 million in a partnership interest in a Jacksonville, Fla., franchise and $5 million in a partnership interest for the Sacramento Lions.