The Pelosi family are as radical as they come. This latest move further proves that.
And what Pelosi did right before Trump’s inauguration will leave you speechless.
In the weeks leading up to former President Donald Trump’s inauguration, Paul Pelosi, venture capitalist and husband of ex-House Speaker Nancy Pelosi, engaged in significant stock transactions, including investments in companies that have since seen substantial growth.
According to government filings, Paul Pelosi sold $24 million in Apple stock and $5 million in Nvidia shares on New Year’s Eve.
He also acquired $100,000 worth of call options in Tempus AI, a Chicago-based health technology firm utilizing artificial intelligence for clinical and molecular data processing.
Since Pelosi’s Tempus AI investment on Jan. 14, the company’s stock has surged by 60%, rising from $32 to $50.50 per share. The firm’s June IPO initially priced shares at $37.
Paul Pelosi’s trades have not gone unnoticed. Christopher Josephs, who runs the “Nancy Pelosi Stock Tracker” on X (formerly Twitter), created an app that mimics the stock portfolio of the former speaker’s husband. Josephs reports that users copying Pelosi’s strategy have collectively realized $45 million in gains.
In the last year, the Pelosis’ stock portfolio has grown by more than 70%, as noted by the financial social media account “Unusual Whales.”
Notable recent trades by Paul Pelosi include purchasing $500,000 in call options for Alphabet (Google’s parent company), Amazon, and Nvidia.
Nancy Pelosi has repeatedly asserted her lack of involvement in her husband’s financial decisions. “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” a spokesperson stated to the New York Post.
Despite this, her opposition to initial proposals banning lawmakers and their spouses from trading stocks sparked bipartisan criticism.
The scrutiny intensified as timely trades appeared to coincide with significant legislative developments, raising concerns about potential conflicts of interest.
Former President Trump has also criticized the Pelosis, accusing Nancy Pelosi of benefiting from insider information.
Most recently, he called for her prosecution over her husband’s Visa stock trades ahead of a Justice Department lawsuit against the credit card company.
Nancy Pelosi, whose net worth is estimated at over $240 million, largely from her husband’s investments and a $45 million real estate portfolio, underwent hip replacement surgery last month but has since returned to Congress.
At 84, she continues to wield considerable influence within the Democratic Party, reportedly playing a role in former President Biden stepping aside after his poor debate performance against Trump.
President Biden, before leaving office, endorsed a ban on congressional stock trading, marking a shift from his earlier stance.
Reports suggest personal tensions between the Bidens and Pelosis following Biden’s decision to exit the 2024 race.
The Pelosis’ stock trading history continues to fuel discussions about ethics and transparency in lawmakers’ financial dealings, emphasizing the need for stricter regulations to avoid conflicts of interest.
Stay tuned to The Federalist Wire.
