Honestly she should be worth more given her age and husband.
this post was submitted on 09 Mar 2024
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This is what's possible by cutting out avocado toast.
And the power of compound interest.
I love how there's no reference to her net worth before. Y'all just assume some dumb shit lol.
Well it's very simple, she's been collecting her salary for 500 years. Also, she doesn't have to spend any money.
She married a guy in college who is now an Investment Firm Owner.
Shhh people in congress can't have spouses with lives that ruins narratives
It's funny how the spouses of elected representatives with insider information suddenly become investment wizards that seemingly don't make mistakes choosing stocks.
Funny.
I wouldn't be so quick to point the finger at corruption.
Most politicians are wealthy before they take office simply because running a political campaign to get elected in the first place takes quite a bit of funding for anything above local offices, so the career path naturally attracts individuals who are independently wealthy. That's not to say that politicians do not make money off of their positions via insider trading, bribes, gifts, and so on, but it's not the only reason you tend to see a lot of rich people in congress.
I'd be more interested to know how much more wealthy they became over a number of years serving in congress. Stats like these don't paint the whole picture.
Even they question would be hard to answer because when you are rich, making money is almost inevitable, corruption or not.
When you start with 50 million you'll have to fight HARD not to have 51 million 12 months later.
But that is too complicated, I want to be angry now.
This is a more levelheaded question.
It is. I also wonder what kind of wealth she accrued that isn't above board. There's too many ways for these well connected politicians to hide bribes and favors.
She should feel free to donate a few million to me.
She bought bitcoin when it was $100
Did you know that members of Congress and the Senate are still allowed to trade stocks on the open market that they basically control? Welp, I'm off to ruin someone else's day with facts. Till next time!
Thanks Skeletor.
Obviously she’s 600 years old and been at it almost 5 and a half centuries giverabreak sheesh.
Seems odd that any of them have over 2 million. Maybe an underlying problem
So she's pushing 600.
Well remember that she was there for JFKs inauguration in 1961. The Dow was at 600 and change then. It's now at 38,700. So we need to multiply all her investments from then by 62 or so. Then account for 63 years worth of investments.
Edit: Oh and the marriage to some who invests for a living
So I need help with the math, was the average investment 64k a year between the 2 of them? It has to be higher, I did that wrong right?
She was also on the Pinta, helped defeat the Spanish Armada with the British, & lost everything during the Jamestown fire.
She shorted JFK. Smart!
I knew she was old, but...
Well, she is married to a venture capitalist who got rich off oracle or some other company.
Not to say her position didn't help the husband make all that money, this is just a dishonest meme by not explicitly pointing out almost all of her wealth is her husband's earnings.
Out of the top 50 wealthiest politicians, only 18 are Dem, the other 32 are Republican. Memes like this are 100% fronted by conservative smoothbrains.
Not to mention the most successful traders in congress are almost exclusively Republicans. I think Pelosi even reported a loss in 2022? She should be back on the list in 2023 though, because of an nVidia investment late last year.
I think there is a lot of honest leftist discussion about banning stock trading for congressmen, but anybody who points out Nancy specifically is a conservative parrot.
We can't be critical across the board?
I invite criticism towards all political and social leaders. What I don't like to see are the same 4 right wing talking points parroted endlessly in a disingenuous display of both-sides-ism.
There is probably a point among that partisan BS - maybe it would be useful to list politicians by their public salary and net worth. I’m sure most started as wealthy, since it’s kind of required to be politician at national level, but let’s see the numbers
I should have known Wikipedia would have it. Thanks.
I find it unexpected Mitt Romney is only sixth, but he made his money outside politics. Never thought a culture capitalist would be the “good guy”
Insider trading
When you're in Congress it's just called insider research.
Not to defend her or anything, but if she was actually this bad of a trader with all of her insider knowledge. She should just buy SPY (SPY is the fund that covers the entire s&p 500) and stop trying. She would have made more money then what she's made.