Oracle of Omaha on the Hill: Nancy Pelosi Makes 10 Times Her Annual Salary on a Single NVIDIA Trade
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Nancy Pelosi, a career politician, Democratic party heavyweight, and a household name on the hill, is quickly becoming an investment guru in her own right. After consistently beating the market, Pelosi has spawned an entire genre of retail investing on the back of a committed army of copy traders who try to emulate her every financial move. Now, the career politician is attracting a fresh bout of scrutiny and attention vis-a-vis a single NVIDIA trade that has transformed into a phenomenal rainmaker.
We noted in a previous post on this topic that Nancy Pelosi bought 50 call options on NVIDIA on the 22nd of November, 2023, and disclosed this trade on the 22nd of December, 2023.
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Since then, given the ongoing blistering rally in NVIDIA shares, Nancy Pelosi has been minting money - quite literally.
In fact, as per a rough estimation, the career politician is currently sitting on $2 million worth of unrealized gains on this trade. For context, consider the fact that Nancy Pelosi earned $223,500 annually as the House Speaker and $193,400 per annum in her previous capacity as the minority leader. On average, the career politician takes home an annual salary of just around $200,000. This means that the prominent Democratic party leader has earned 10 years' worth of pay in just 103 days by placing a smart bet on NVIDIA.
Do note that Nancy Pelosi's husband - Paul Pelosi - owns an investment firm and likely plays a major role in her investment decisions. Nonetheless, some of the career politician's recent trades have raised eyebrows, especially as they came on the heels of major events on the hill. Consider Pelosi's previous bet on NVIDIA in the run-up to the CHIPS act, or her recent stake in Palo Alto Networks (PANW) in the aftermath of
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