As a Child
Nancy Patricia D’Alesandro Pelosi was born on March 26, 1940, in Baltimore, Maryland. She was the only female in a family of seven children and the youngest. Both of her parents’ families hail from Italy. Her father was a Democratic Congressman from Maryland when Pelosi was born, and he ultimately rose to the position of Mayor of Baltimore. Also, a former Baltimore mayor, her brother, Thomas D’Alesandro III, held the position from 1967 to 1971.
Her mother, who was also active in the Democratic Party and involved in the organization of Democratic women, was an additional source of inspiration. As a result, Pelosi was exposed to politics at a young age through her father’s involvement in numerous political activities. After graduating from the Institute of Notre Dame High School in 1958 and Trinity College in 1962, she received a Bachelor of Arts in Political Science.
Career in Politics
As a young intern for Senator Daniel Brewster (D-Maryland) in the 1960s, Pelosi made her first foray into politics. For the next 30 years, she served as a Democrat National Committee member from California. Additionally, in the late 1970s and early 1980s, she held numerous positions inside the Democratic Party, including finance chair for the Democratic Senatorial Campaign Committee. The 5th District Congressman Phillip Burton became a close friend of hers when she moved to San Francisco in the late 1990s.
After Burton died in 1983, his wife Sala took over as Burton’s executor. Because of Sala Burton’s decision not to seek re-election, Pelosi was named her successor, ensuring that many of Burton’s former supporters would also back her successor. Pelosi was elected to fill Sala’s seat in the House of Representatives in the 5th District following Sala’s death just a month into her second term in 1987. From 1987 to 1993, she served in the 5th District; from 1993 to 2013, she served in the 8th District; from 2013 to the present, she has served in the 12th District (as of April 2020).
To name just a few notable roles Pelosi has held throughout the years: Minority Whip (2002-2003), leader (2003-2007) of the House Democratic Caucus (2003-2007), minority leader (2003-2007), and speaker (2007-2011). She was sworn back into her position as a speaker in January 2019. In exchange for regaining her speakership, she agreed to a compromise limiting her tenure to only four years—the first time since Sam Rayburn in 1955 that a non-consecutive speaker has been re-elected.
The announcement of impeachment hearings for President Trump on September 24, 2019, during Pelosi’s second term as Speaker, was one of the most notable incidents of the first term of President Donald Trump.
In the American Civil Rights Union’s Congressional Scorecard, 92 percent of Pelosi’s votes on civil liberties have been voted in favor. As a liberal, she has regularly voted in favor of issues like gun control, LGBTQ+ rights, and abortion rights, as well as against welfare reform and the Iraq War. Both within and outside the Democratic Party, she is a divisive figure. Still, many see her as a cunning and highly-skilled political operator capable of preserving a split Democratic Party from falling apart.
How Much Does a Senator Get Paid Every Year?
It costs $174,000 a year to be a Senator in the United States. Nancy’s pay has been increased to $223,500 as Speaker of the House. D.C. living, and travel expenditures are deducted from senators’ taxable income. In addition, they are entitled to whole life, health, and pension coverage.
Life in the Real World
The National Organization of Italian American Women and the National Italian American Foundation both have Pelosi on their boards, and she has served on both for the past 13 years. Pelosi is actively involved in the Italian-American community (NIAF). A Special Achievement Award for Public Advocacy was bestowed upon her by the NIAF in 2007, and she is still actively connected with the organization to this day.
Financial Leasing Services, Inc. is venture capital, financial consulting, and real estate enterprise. Paul Frank Pelosi and Pelosi married in September of 1963 when Pelosi attended college. Because of Paul’s efforts, Pelosi’s now possesses significant stakes in firms like Facebook, Apple, Comcast, Shutterfly, and the Walt Disney Company. He also owns a few office buildings in San Francisco and commercial assets around California.
Paul purchased the Oakland Invaders United Football League team for $10 million in 2009. As a result of this decision, the Sacramento Mountain Lions football team was shut down. A total of eight great-grandchildren were born to them. The Pelosis live in the Pacific Heights section of San Francisco when they are in the city. It’s worth $5 million and $25 million in St. Helena, California.
Nancy Pelosi’s Net Worth
Nancy Pelosi is a well-to-do politician in the United States, with a fortune estimated at $120 million. Depending on the valuation of real estate, stocks, and other private assets, Nancy and her husband Paul Pelosi’s net worth were estimated to be between $43 million and $202 million in their most recent wealth statement.
First elected to Congress in 2007, Nancy served as Speaker from 2007 to 2011 and will do a second term beginning in 2019 as the only woman to hold this post in the United States House of Representatives.