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- Sep 15, 2008
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House Minority Leader Nancy Pelosis husband, a real estate developer and investment banker, stands to make millions of dollars in a previously undisclosed residential real estate project in California as a partner with the father of a woman Mrs. Pelosi helped become ambassador to Hungary, records show.
Paul F. Pelosis investment in Russell Ranch is worth at least $5 million and possibly as much as $25 million in a deal put together by his friend and longtime business associate, Angelo Tsakopoulos, patriarch of a multimillion-dollar real estate development firm, according to Mrs. Pelosis latest personal-disclosure statement.
Mr. Pelosi said in an email from his wifes spokesman that initially he invested between $1 million and $5 million in the project a dozen years ago, although its value has shot up recently as the undeveloped land moves closer to being annexed by a nearby city. He said the Russell Ranch investment had increased in value less than 5 percent per year over the last dozen years.
Pelosi's disclosure belated in husband's land deal - Washington Times
Tell us again demonRats why we should respect and believe in your leadership! Whydonchya?
Paul F. Pelosis investment in Russell Ranch is worth at least $5 million and possibly as much as $25 million in a deal put together by his friend and longtime business associate, Angelo Tsakopoulos, patriarch of a multimillion-dollar real estate development firm, according to Mrs. Pelosis latest personal-disclosure statement.
Mr. Pelosi said in an email from his wifes spokesman that initially he invested between $1 million and $5 million in the project a dozen years ago, although its value has shot up recently as the undeveloped land moves closer to being annexed by a nearby city. He said the Russell Ranch investment had increased in value less than 5 percent per year over the last dozen years.
Pelosi's disclosure belated in husband's land deal - Washington Times
Tell us again demonRats why we should respect and believe in your leadership! Whydonchya?