Nancy Pelosi is a well-known American politician and a member of the United States Congress since 1987. Since January 2019, Nancy is an American Democratic Party politician, also serving as Speaker of the United States House of Representatives and the first woman to serve in this office. Since her election in 1987, she’s the highest-ranking elected woman in the United States history. Given her role in politics, she’s second in the presidential line of succession, just above the vice president. The truth be told, Nancy Pelosi isn’t loved by everyone, especially some politicians.
However, thanks to her astounding skills as a speaker, people often stop and hear what she has to say. This alludes to her political experience, intellectual prowess, and the ability to make people listen to her. From this description, we can see that Nancy represents one of the key pillars of American politics and from the looks of it, it seems like her net worth is almost the highest in the USA. But, is it really like that? To answer this question, we need to review her successful career and talk about her current net worth, as evaluated in 2020.
The Revolution of Female Role in Politics
Nancy is one of the first women to appear in American politics and as such, she revolutionized the female role in this area. In her long-time career, Nancy held some crucial positions that women never did before her, which led her to be the first woman ever elected as the house minority whip, in 2002. Just five years ago, in 2007, Nancy brought another success to the table by becoming the first woman to be placed at the position of Speaker of the United States House of Representatives. At that moment, the people of America noticed how politics changed for the better.
In one of her speeches after that, Nancy emphasized how this moment is important for the USA and the Congress, as well as for women in this country. In her words, women waited 200 years for this to happen and with numerous struggles to achieve women’s rights, Nancy finally succeeded. As she said, women weren’t only waiting but also working, so they can fulfill the promise of America, which says that men and women are created equal. Holding the position from 2007 to 2011, after long 8 years, she reclaimed it in 2019 and is currently in that position.
Impeachment Inquiry with Donald Trump
On September 24, Nancy announced that she would launch a formal impeachment inquiry into President Donald Trump. Before that, President Donald Trump told the Ukrainian president to investigate Vice President Joe Biden’s son, as CNN reported. Just one week before that, Trump also ordered his acting chief, Mick Mulvaney, to stop the military aid to Ukraine. This made Nancy announce her impeachment inquiry because, as she said, “The president must be held accountable”. Nancy also stated that no one is above the law, hence why she must talk directly to the president. However, President Trump called the impeachment inquiry “presidential harassment” in a series of tweets, accompanied by his announcement to release an “unredacted transcript” of his conversation with the Ukrainian president.
The interesting fact is that not every American president was subjected to impeachment proceedings. Bill Clinton, Andrew Johnson, and Richard Nixon were subjected, where Clinton and Johnson were acquitted, completing their terms, and Nixon avoided the impeachment.
Nancy Pelosi Salary and Net Worth
Given Nancy’s long-lasting career, she is deeply rooted in politics. Even her father, Thomas D’Alesandro Jr. was also in politics, having served as Baltimore’s mayor and a five-term Maryland congressman. Nancy’s political ambitions began way back in 1962 when she was an intern for a Democratic senator. After serving 15 years as a civil servant, her electron to Congress happened in 1987. We can see that Nancy really liked her job and was also a very patient and hard-working woman, as she is now.
Now, what about her salary? Well, a financial disclosure reported by Nancy in May 2019 revealed that the combined net worth of her husband and her have a huge potential for increase. It is estimated that they have anywhere between $54.5 million and $256.3 million in assets, as well as $20.1 million to $97.3 million in liabilities. With all of that, Nancy and her husband’s net worth could be anywhere from $43 million to $236 million. Last year, in February 2018, her net worth was estimated at $16 million by Roll Call and she was ranked as the 30th richest member of the Congress. When she served as a minority leader, her annual salary was $193,400 and when she regained the current position, her salary rose to $223,500.
In 2020, her net worth is estimated at $120 million and the combined net worth of her and her husband is around $202 million. However, it’s said that the majority of her wealth is attributed to the success of Paul Pelosi, her husband, who works as a real estate investor and tycoon. Examples of his real-estate investments include Northern California’s vineyard that he shares with Nancy. Its worth is estimated between $5 million and $25 million. In 2016, Los Angeles Times reported that the couple also sold a townhome resort in California for $1.53 million.
Like it or not, Nancy Pelosi is a great example for many women in America. Her hard work, dedication, and persistence led her to where she is now. Being one of the richest women in America, Nancy has a hell of a career behind her. Whether or not more women will enter the political world of America, remains to be seen. For now, Pelosi is the most successful woman in the USA, when it comes to politics.