Inside America column: Nancy Pelosi's last trade
While Connie Chan's election party in San Francisco took place without Pelosi, her political legacy and the extraordinary returns on her stock portfolio are once again in focus.
Quick Look
- Nancy Pelosi, long-time congresswoman from San Francisco, is missing from her protégé Connie Chan's election party.
- While her political career is considered legendary, the above-average performance of her stock portfolio regularly causes speculation.
AI-generated summary
Why It Matters
Nancy Pelosi is a long-time US politician who was the first woman to chair the House of Representatives. Her husband Paul Pelosi manages a stock portfolio that has attracted attention in the past for its high returns.
Missing from City Councilwoman Connie Chan's election party in San Francisco on Tuesday evening was her most important advocate: Nancy Pelosi. The Democrat wanted to install Chan as her successor and had campaigned for her with all her might during the election campaign. What had happened?
Pelosi is considered a political legend in the USA. Many men envied her influence and charisma. The now 86-year-old has represented San Francisco in the House of Representatives since 1987, and in 2007 she became the first woman to take over its chairmanship. She pushed Obama's health care reform through Congress as well as Biden's chip law and trillion-dollar corona packages. When Donald Trump finished his State of the Union address in 2020, she tore up the manuscript behind his back. Her successor at the head of the parliamentary group, Hakeem Jeffries, calls her “the greatest speaker of all time.”
A second legend grew on the stock market. At least a dubious success for a politician. The Pelosi portfolio, which husband Paul manages, beat the market spectacularly: Data services calculate 816 percent returns in ten years from the mandatory reports - the US index S&P 500 achieved 229. On the social media platform The suspicion of insider trading was never proven; Pelosi always rejected it.
Open Questions
- Why was Nancy Pelosi absent from Connie Chan's election party?
