Nancy Pelosi and her husband traded NVIDIA stocks that were implicated by legislation that was being debated and voted on. The couple is worth about $46 million.
By Sharon Zhang, Truthout
Just before the Senate passed a major bill to subsidize computer chip manufacturers on Wednesday, House Speaker Nancy Pelosi’s (D-California) husband sold thousands of shares of Nvidia — a tech company that could stand to gain from the passage of the nearly $80 billion bill.
Paul Pelosi — an extremely active stock trader who’s gained a following for his often-winning stock transactions — bought between $1 million and $5 million in Nvidia in June, as the Senate debated the bill. Then, on Tuesday, the same day that the “CHIPS-plus” bill cleared a key procedural vote, Paul Pelosi sold 25,000 shares of Nvidia stock, worth an estimated $4 million.
The financial disclosure filed by Nancy Pelosi notes that her husband sold the shares at a loss of $341,365 — an unusual thing for the lawmaker to note on a disclosure statement, Insider pointed out. The publication finds that, thanks in part to her husband’s tradings, Nancy Pelosi is worth about $46 million. Other publications estimate the couple’s net worth to be upwards of $171 million.
Recent Posts
New Polling: 84% Of Voters Support Van Hollen Resolution To Investigate Israel’s Killing of U.S. Citizens
Take Action Now 83% of Democrats, 86% of Independents, and 82% of Republicans back resolutionBy IMEU Policy Project Polling released Monday,…
Why Medicare for All Is Now Possible
Take Action Now The politics of health care are finally catching up with patients and physicians.By Rebecca Delay, The Progressive Across the…
According to Polls, Americans Like Socialism a Lot
Take Action Now A crop of recent polls shows that socialism’s appeal is surprisingly broad. They also reflect a transformed US political landscape…
Massive Ivanka Trump Problem Triggers Existential Threat to GOP: ‘Rage Is Building’
Take Action Now Locals in Albania — where Ivanka and her husband Jared Kushner plan to transform one of the nation’s most important ecological sites…