As the U.S. stock market reels from Donald Trump‘s tariff announcement, former House Speaker Nancy Pelosi has slipped down the ranks of Congress‘s wealthiest members.
Pelosi, 85, has consistently ranked as one of the wealthiest lawmakers on Capitol Hill over recent years.
Her federally mandated financial disclosures often give insights into her personal holdings, though she claims the trades are handled by her spouse.
Over the last decade the California Democrat and her husband Paul Pelosi, an extraordinarily successful venture capitalist, have doubled their net worth, according to estimates from political money tracker Quiver Quantitative.
According to data compiled by Quiver’s Pelosi tracker, including congressional asset filings, Pelosi’s net worth has more than doubled in the past decade from $123 million in 2014 to hitting an estimated $270 million earlier this year.
But thanks to Trump’s massive new reciprocal tariffs, Pelosi has been hit hard.
‘Nancy Pelosi’s net worth has fallen by approximately $7M since Tuesday, per our estimates,’ Quiver co-founder Chris Kardatzke told DailyMail.com.
The San Francisco lawmaker is now third on the list of richest lawmakers after losing millions just this week alone.
Currently, the richest member of Congress is Sen. Rick Scott, R-Fla., who has a net worth over half a billion dollars, per Quiver estimates. He started a healthcare company in the 1990’s that later grew to become one of the nation’s largest healthcare providers.
Former Speaker of the House Nancy Pelosi, D-Calif., has lost an estimated $23 million in the stock market this year
President Trump holds up a poster on Wednesday highlighting the reciprocal tariff rates he signed at the White House
But that’s just a fraction of the Pelosi’s losses this year.
Pelosi’s net worth ‘has now fallen by approximately $23M since the start of the year,’ Kardatzke added.
Pelosi notably owns lots of technology stocks, mainly companies from the Bay Area like chip maker Nvidia, iPhone maker Apple, Google, Palo Alto Networks and more.
The reason why the Pelosi’s portfolio is taking such a hit, Kardatzke reasons, is because of her large tech holdings.
‘Per our live portfolio estimates, Apple is currently Pelosi’s largest stock holding,’ he told DailyMail.com.
‘It’s down 9 percent today, with the new tariffs threatening its supply chains,’ the co-founder mentioned.
Taking the number two spot from Pelosi on the wealthiest members of Congress list is Florida Republican Rep. Vern Buchanan.
Buchanan, 73, first began building his wealth in the 1970s when he began a quick printing business. Later, in the 1990s, he began an automotive group which later expanded.
Pelosi has lost $7 million since Tuesday, per Quiver’s estimates
Paul Pelosi and Nancy Pelosi attend the 47th Kennedy Center Honors in December. Paul Pelosi is a successful investor
After Pelosi, who sits on the list as number three, comes Sen. Mark Warner, D-Va., and Rep. Darrell Issa, R-Calif.
Warner got his millions after co-founding a company that would later become Nextel, a communications company that would later be acquired by T-Mobile.
Issa similarly made his fortune after starting an automotive electronics company in 1982.
There have been efforts for years to stop lawmakers from being able to buy and sell stocks while in office, though regulations in place hardly deter potential infractions.
The penalty for fudging congressional stock disclosures under the STOCK Act have been reported to cost just a few hundred dollars per infraction.
Considering many politicians like Pelosi normally file trades worth tens of thousands of dollars or more, the penalties may as well be pennies.
Pelosi shot down the idea of a congressional stock trading ban while she was speaker just years ago.
‘We are a free-market economy,’ she told reporters in 2021, adding lawmakers ‘should be able to participate in that.’
Earlier this year a bipartisan bill was proposed to ban lawmakers from trading stocks, though no action has been taken on the measure.
