Nancy Pelosi’s fortune shrank by roughly $8 million over the past year, driven by a sharp decline in the value of her stake in a massive California housing development, even as her stock portfolio posted an estimated 18 percent return and grew by $21.5 million. The former House Speaker’s net worth now sits at approximately $249 million, down from $257 million, the New York Post reported, citing data from research platform Quiver Quantitative and Pelosi’s annual financial disclosure filed with the U.S. House of Representatives.
The culprit behind the dip: Russell Ranch, an 11,000-home development just outside Sacramento in Folsom, California. Pelosi’s 2024 disclosure valued her stake in the project at between $5 million and $25 million. The newly released filing puts that same stake at just $1 million to $5 million, a steep markdown by any measure.
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