By JON MICHAEL RAASCH, U.S. POLITICAL REPORTER FOR DAILYMAIL.COM
Published: 17:08 EST, 6 March 2025 | Updated: 17:08 EST, 6 March 2025
Former Speaker Nancy Pelosi's somber look at Donald Trump's speech earlier this week comes as her stock portfolio has taken a hit.
The California Democrat, 84, was seen at Trump's speech to Congress Tuesday looking reserved as she gripped a cane she's been using since undergoing a hip operation in December.
Seated just rows away from the Republican with whom she shares a long and contentious history, Pelosi was one of few Democrats who was not constantly protesting the joint address. Perhaps because her mind was on her investments.
She and her husband Paul Pelosi, a venture capitalist who has seen extraordinary success in the last decade, have doubled their net worth over the last decade, 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 nearly $250 million in 2024.
This year, her portfolio has hit an estimated high of $270 million, Quiver co-founder Chris Kardatzke told DailyMail.com.
However, as Trump's tariff talks have scared markets, the Pelosi's portfolio has lost millions.
'Pelosi's net worth has fallen $14.5M since the end of January, per our estimates,' Kardatzke revealed.
US Representative Nancy Pelosi, D-Calif., appears lost deep in thought as Trump speaks during an address to a joint session of Congress in the House Chamber of the US Capitol in Washington, DC, on March 4, 2025.
She did not appear happy at Trump's speech
Trump showing off an executive order he signed during his address to Congress
'We now estimate that she is worth 'just' $259M,' he added. 'Some of her largest holdings include tech stocks like Google, Salesforce, and Crowdstrike - which have all gotten crushed in the last month.'
'Her ~$20M position in Amazon stock has fallen over 17% since the end of January.'
But Pelosi's team says the Democrat is not involved with the family finances.
'Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,' spokesperson Ian Krager told DailyMail.com.
Her congressional filings say that her husband is the one responsible for the trades, and the disclosures are labeled as made by her 'spouse.'
Still, Nancy and Paul both disclose holding tens of millions of dollars worth of technology stocks that have performed very well.
They own Apple, Amazon, Alphabet (Google), chip giant NVIDIA, Palo Alto Networks and a company that recently went public called Tempus AI.
While Apple stock is up roughly $12 a share and Tempus AI shares are are up about $2, many of the Pelosi's other holdings have been slipping.
Though overall their risky call option bet on Tempus AI has proven exceptionally profitable, rising an eye-popping 62 percent in just under two months.
NVIDIA stocks have slid from $140 a share to around $110 since Trump took office on January 20.
Certain stock major stocks , particularly those in tech like Amazon, Google and NVIDIA have gone down in price under Trump
Pelosi and her husband have a net worth of an estimated $260 million. She has worked in Congress since 1987
While speaker Pelosi said that lawmakers should be able to participate in the stock markets
Alphabet, the parent company of Google, fell from about $200 a share to $172.
Amazon stock has shed a similar amount of value, going from $230 a share to about $200.
Palo Alto Networks stock has remained relatively unchanged since trump moved back into the Oval Office.
Like Pelosi, other lawmakers have also seen their stock portfolios skyrocket by the millions since being members of Congress.
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—which may soon be eliminated altogether.
The president has noted that tariffs could impact the U.S. stock market
But 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.'
Many Democrats, particularly progressives, disagree.
'Members of Congress should not be allowed to buy and sell individual stock. We are here to serve the public, not to profiteer.,' progressive 'Squad' leader Alexandria Ocasio-Cortez, D-N.Y., has said.
Sen. Elziabeth Warren, D-Mass., similarly shared in a statement: 'Whether you're a Republican senator or the Democratic speaker of the House, it is obvious to the American people that they should not be allowed to trade individual stocks and then vote on laws that affect those companies.'
Sen. Jon Ossoff, D-Ga., introduced an effort to ban stock trading by members of Congress in 2023, though Democratic Senate leadership never worked to enact it.