Pelosi Worth More than $24M

Image: Pelosi Worth More than $24M Rep. Nancy Pelosi and her husband, Paul.

Tuesday, 18 Jun 2013 07:43 PM

By Dan Weil

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House Minority Leader Nancy Pelosi had a minimum net worth of $24.4 million in 2012, which was six times as much as House Majority Leader Eric Cantor reported.

Cantor's personal wealth totaled at least $4.4 million, according to Politico, citing just-released financial disclosure reports.

House Speaker John Boehner is worth $1.9 million.

At the other end of the spectrum, House Majority Whip Kevin McCarthy reported assets of $78,000 to $296,000 and a mortgage of at least $100,000 on his house in California. House Minority Whip Steny Hoyer reported assets totaling only between $15,000 and $50,000.

It's hard to determine exactly how much each member is worth, because financial disclosure forms include assets and liabilities only in broad ranges, according to Politico, which did not attempt to rank members by wealth.

Pelosi's husband, Paul Pelosi, invested between $10 million and $50 million into the United Football League and its Sacramento Mountain Lions team, including between $4.36 million and $9.45 million in 2012. The UFL suspended its operation in the middle of its season last year.

The Pelosis took in as much as $1 million in rent from a four-story commercial building in San Francisco, and the same sum from Auberge du Soleil, an upscale resort in Rutherford, Calif.

The Pelosis held between $1 million and $5 million of Apple stock.

Cantor's investments included shares of General Electric, Marathon Oil, Domino’s Pizza, Pfizer and Sun Trust. He also sold a rental apartment in Arlington, Va., for at least $500,000 in March 2012.

Cantor’s wife, Diana serves on the board of directors for Domino’s Pizza, Media General, Universal Corp., and she joined the board of Revlon in 2013, the publication said.

Boehner was president of Nucite Sales, a small sales business in the packaging and plastics industry, before entering Congress in 1991. McCarthy has most of his money in mutual funds.

Hoyer, who has held his House seat for 32 years, has $15,000 to $50,000 in a bank account. He also received a $20,481 pension from the Maryland legislature in 2012.

Roll Call ranked the top 50 wealthiest congressmen in 2011 based on 2010 financial disclosure forms. It added the minimum value of each person's total assets and subtracted each person's minimum liabilities.

The top five members of Congress with the greatest wealth at the time included:

1. Rep. Michael McCaul, R-Texas: $294.2 million.
2. Rep. Darrell Issa, R-Cal.: $220.4 million.
3. Former Sen. John Kerry, D-Mass.: $193.1 million.
4. Sen. Jay Rockefeller, D-W.Va.: $81.6 million.
5. Sen. Mark Warner, D-Va.: $76.3 million.



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