A Facebook post that claims House Speaker Nancy Pelosi is worth $196 million is false. Using ranges from reports, it may be half that.

Some good highlights

The post claims Pelosi has been in office for 28 years, during which she earned $193,400 per year. That math adds up to about $5.4 million, according to the post, which goes on to claim that Pelosi’s net worth is $196,299,990

Pelosi entered Congress in 1987 — 34 years ago, not 28 — and the meme has the wrong current salary for the House speaker. A review of Pelosi’s most recent financial disclosure shows that it got her net worth wrong, as well.

Because Congress members are required only to disclose a range of values for their assets and liabilities, the Center for Responsive Politics provides a minimum and a maximum net worth for each member. It calculates an average of those two numbers to determine an estimated net worth.

While the meme uses Pelosi’s maximum net worth from 2010, the average is nearly half that: about $100 million.

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The Facebook user who shared the meme did not respond to a request for comment.

is this even real

The claim that House Speaker Nancy Pelosi is worth more than $196 million while working on a $193,000 salary is FALSE. Financial disclosures show that Pelosi’s net worth isn’t close to $196 million, and the salary used in the post is wrong. Pelosi earns $223,500 a year as speaker and is worth about $106 million

  • Comrade_Bones [he/him]
    ·
    3 years ago

    Pelosi’s report filed in August 2020 shows that, on the low end, Pelosi could be nearly $40 million in the hole. Her maximum net wealth could be as much as about $251 million.

    What the fuck is even the point in having congress file a financial disclosure report if all it tells you is that they're worth between negative $40 and $251 million dollars? Like, no shit! So am I.