Pelosi was worth at least $35.2 million in the 2010 calendar year, according to a financial disclosure report released Wednesday. She reported a minimum of $43.4 million in assets and about $8.2 million in liabilities. For 2009, Pelosi reported a minimum net worth of $21.7 million. Reports disclosing the assets and liabilities of lawmakers for the 2010 calendar year were released Wednesday. The forms can give a good estimate of lawmaker wealth, though they show ranges, and not precise values for stocks, pension plans, vacation homes and other assets.
Like Pelosi, other congressional leaders saw their wealth climb last year as the economy struggled to pull out of a recession while the Dow Jones Industrial Average gained more than 1,100 points. Speaker John Boehner (R-Ohio) remained a multimillionaire, with a minimum net worth close to $2.1 million and zero liabilities in 2010. His 2009 minimum net worth was more than $1.8 million. Senate Majority Leader Harry Reid (D-Nev.) reported at least $3.4 million in wealth, an almost 10 percent rise over the prior year. Reid had a minimum net worth of close to $3.1 million in 2009.
Senate GOP leader Mitch McConnell (R-Ky.) reported a minimum net worth of $9.8 million and remains one of the wealthiest lawmakers on Capitol Hill, according to his disclosure form. His minimum net worth grew close to 29 percent from a minimum of $7.6 million in 2009. Rep. Darrell Issas (R-Calif.) political clout grew with the chairmanship of the House Oversight and Government Reform Committee. Issa is also one of the wealthiest people on Capitol Hill, and his disclosure report showed a minimum net worth of $220.4 million, more than 37 percent higher than in 2009. Issa, the founder of car security system maker Directed Electronics, reported a minimum net worth of $160.1 million the previous year.
Pelosi saw her wealth rise due to some smart stock picks and real estate investments made by her husband, Paul. Apple stock owned by Paul Pelosi rose from at least $500,000 in 2009 to $1 million in 2010. The minority leaders husband also took a bigger stake in Matthews International Capital Management, worth at least $5 million last year, compared to $1 million in 2009. Paul Pelosis investment in some undeveloped residential real estate in Sacramento, Calif., jumped to at least $5 million in value. Paul Pelosi also has sizable assets in the United Football League, including $1 million in a partnership interest in a Jacksonville, Fla., franchise and $5 million in a partnership interest for the Sacramento Lions.
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