US Speaker Of The House Salary 2021: Here's How Much Nancy Pelosi Makes Annually
KEY POINTS
- Nancy Pelosi was first elected to Congress in 1987
- She earns more than $220,000 a year as speaker of the House of Representatives
- Pelosi became the first woman to be elected House speaker in 2007
California Democratic Rep. Nancy Pelosi is now on her fourth — and last — term as speaker of the House of Representatives. After serving in public office for decades, here's how much she is worth as of 2021.
Pelosi is worth an estimated $114 million, per her 2018 personal financial disclosure. The 80-year-old speaker and her husband Paul Pelosi’s combined net worth falls somewhere between $43 million and $202 million, according to Celebrity Net Worth. The exact figure depends on the value of their properties, stocks and other private assets.
Paul is the owner of the real estate and venture capital investment company Financial Leaving Services, Fox Business reported. The firm has investments worth $46.5 million in properties and blue chip stocks in companies like Apple, Disney and Facebook.
As House speaker, Pelosi receives an annual salary of $223,500, according to a 2018 congressional report. Her income is also limited while serving in the office.
Serving representatives and senators’ permissible “outside earned income” is capped at 15% of their annual basic pay for level II of the Executive Schedule. There are also limits applied to their tax deductions. Each representative and senator is only allowed to deduct $3,000 for living expenses from their income tax per annum.
Baltimore, Maryland-born Pelosi is a longtime public servant. Her passion to serve stems from her early exposure to politics. Her father, Thomas D'Alesandro Jr., was a Democratic congressman and later mayor of Baltimore. Her mother, Anunciata D'Alesandro, was also heavily engaged in politics, serving as an organizer among women in the Democratic Party.
Before becoming the first woman to sit as speaker of the House of Representatives in 2007, Pelosi was Sen. Daniel Brewster’s intern after she graduated from Trinity College. Later on, she was elected as a Democratic National Committee member from California in 1976 and held the position until 1996.
She spent most of her youth serving the Democratic Party in various roles, including as finance chair of the Democratic Senatorial Campaign Committee.
Pelosi started representing California’s various districts back in 1987. She served as the 5th district representative from 1987 to 1993, the 8th district representative from 1993 to 2013 and the 12th district representative since 2013.
Aside from being the first woman to hold the position, Pelosi also made history by becoming the oldest American to be elected speaker of the House of Representatives.
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